VWO vs. DIV

Last updated Jun 13, 2026

VWO (Vanguard FTSE Emerging Markets ETF) and DIV (Global X SuperDividend U.S. ETF) are both exchange-traded funds - VWO is a Emerging Markets Equities fund tracking the FTSE Emerging Index, while DIV is a Mid Cap Value Equities fund tracking the Indxx SuperDividend® U.S. Low Volatility Index. Both are passively managed. Over the past 10 years, VWO returned 9.00%/yr vs 4.30%/yr for DIV. At a 0.48 correlation, their price movements are largely independent. VWO charges 0.08%/yr vs 0.45%/yr for DIV.

Performance

VWO vs. DIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Emerging Markets ETF (VWO) and Global X SuperDividend U.S. ETF (DIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VWO achieves a 10.77% return, which is significantly lower than DIV's 14.48% return. Over the past 10 years, VWO has outperformed DIV with an annualized return of 9.00%, while DIV has yielded a comparatively lower 4.30% annualized return.

VWO

• 1D: 0.76%
• 1M: -0.65%
• YTD: 10.77%
• 6M: 12.57%
• 1Y: 24.61%
• 3Y*: 16.61%
• 5Y*: 5.03%
• 10Y*: 9.00%

DIV

• 1D: 0.68%
• 1M: 1.40%
• YTD: 14.48%
• 6M: 13.33%
• 1Y: 15.73%
• 3Y*: 11.89%
• 5Y*: 5.31%
• 10Y*: 4.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VWO vs. DIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VWO Vanguard FTSE Emerging Markets ETF	10.77%	25.60%	10.59%	9.25%	-17.98%	1.26%	15.17%	20.75%	-14.76%	31.49%
DIV Global X SuperDividend U.S. ETF	14.48%	3.10%	11.27%	-1.73%	-3.92%	30.60%	-22.85%	14.50%	-6.60%	9.90%

Correlation

The correlation between VWO and DIV is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Mar 12, 2013	0.48

The correlation between VWO and DIV shifts across timeframes, from 0.29 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.

VWO vs. DIV - Sectors Allocation Comparison

Sectors	VWO	DIV
Technology	29.6%	-
Financial Services	19.5%	3.9%
Consumer Cyclical	10.7%	3.5%
Industrials	8.0%	11.5%
Basic Materials	8.0%	4.6%
Communication Services	7.1%	6.3%
Energy	4.6%	21.5%
Healthcare	3.9%	3.6%
Consumer Defensive	3.7%	13.4%
Utilities	2.9%	12.0%
Real Estate	2.2%	19.8%

Return for Risk

VWO vs. DIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VWO

VWO Risk / Return Rank: 50
VWO Sharpe Ratio Rank: 49
VWO Sortino Ratio Rank: 47
VWO Omega Ratio Rank: 51
VWO Calmar Ratio Rank: 50
VWO Martin Ratio Rank: 52

DIV

DIV Risk / Return Rank: 54
DIV Sharpe Ratio Rank: 51
DIV Sortino Ratio Rank: 51
DIV Omega Ratio Rank: 46
DIV Calmar Ratio Rank: 69
DIV Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VWO vs. DIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets ETF (VWO) and Global X SuperDividend U.S. ETF (DIV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VWO	DIV	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.53	-0.04
Sortino ratio: Return per unit of downside risk	2.10	2.20	-0.10
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.02
Calmar ratio: Return relative to maximum drawdown	2.21	3.02	-0.81
Martin ratio: Return relative to average drawdown	7.80	8.43	-0.63

VWO vs. DIV - Sharpe Ratio Comparison

The current VWO Sharpe Ratio is 1.49, which is comparable to the DIV Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of VWO and DIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VWO vs. DIV - Drawdown Comparison

The maximum VWO drawdown since its inception was -67.68%, which is greater than DIV's maximum drawdown of -52.74%. Use the drawdown chart below to compare losses from any high point for VWO and DIV.

Drawdown Indicators

	VWO	DIV	Difference
Max Drawdown Largest peak-to-trough decline	-67.68%	-52.74%	-14.94%
Max Drawdown (1Y) Largest decline over 1 year	-11.17%	-5.23%	-5.94%
Max Drawdown (3Y) Largest decline over 3 years	-17.37%	-12.33%	-5.04%
Max Drawdown (5Y) Largest decline over 5 years	-32.60%	-21.14%	-11.46%
Max Drawdown (10Y) Largest decline over 10 years	-36.39%	-52.74%	+16.35%
Current Drawdown Current decline from peak	-2.68%	-0.73%	-1.95%
Average Drawdown Average peak-to-trough decline	-15.80%	-7.01%	-8.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	1.88%	+1.29%

Volatility

VWO vs. DIV - Volatility Comparison

Vanguard FTSE Emerging Markets ETF (VWO) has a higher volatility of 6.64% compared to Global X SuperDividend U.S. ETF (DIV) at 3.07%. This indicates that VWO's price experiences larger fluctuations and is considered to be riskier than DIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWO	DIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	3.07%	+3.57%
Volatility (6M) Calculated over the trailing 6-month period	14.04%	7.08%	+6.96%
Volatility (1Y) Calculated over the trailing 1-year period	16.54%	10.32%	+6.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.48%	13.69%	+3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.22%	17.98%	+1.24%

VWO vs. DIV - Expense Ratio Comparison

VWO has a 0.08% expense ratio, which is lower than DIV's 0.45% expense ratio.

Dividends

VWO vs. DIV - Dividend Comparison

VWO's dividend yield for the trailing twelve months is around 2.44%, less than DIV's 6.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIV Global X SuperDividend U.S. ETF	6.61%	7.30%	5.74%	7.13%	6.62%	5.24%	8.01%	7.65%	7.08%	5.92%	6.78%	8.44%
VWO Vanguard FTSE Emerging Markets ETF	2.44%	2.79%	3.20%	3.52%	4.11%	2.63%	1.91%	3.23%	2.88%	2.30%	2.52%	3.26%

Frequently Asked Questions

Can I hold both VWO and DIV in my portfolio?

VWO and DIV have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VWO or DIV?

VWO has higher volatility (6.64%) compared to DIV (3.07%). In terms of maximum drawdown, VWO dropped -67.68% vs DIV's -52.74%.

Which ETF is better, VWO or DIV?

On 10-year performance, VWO leads with 9.00% vs 4.30% for DIV. On fees, VWO is cheaper at 0.08% per year. On volatility, DIV has been the lower-risk option at 3.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VWO or DIV?

Over the 10-year period, VWO has performed better with a 9.00% return vs 4.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VWO or DIV?

VWO is cheaper with a 0.08% expense ratio, compared with 0.45% for DIV.

Which ETF pays a higher dividend yield, VWO or DIV?

DIV has the higher dividend yield at 6.61%, compared with 2.44% for VWO.

What is the main difference between VWO and DIV?

VWO is categorized as Emerging Markets Equities, while DIV is Mid Cap Value Equities. VWO tracks FTSE Emerging Index, while DIV tracks Indxx SuperDividend® U.S. Low Volatility Index. They also come from different issuers: Vanguard and Global X. Their fees differ too: 0.08% for VWO and 0.45% for DIV.

Which has better risk-adjusted returns?

DIV currently has the higher Sharpe Ratio (1.53 vs 1.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.