VWO vs. ET
VWO (Vanguard FTSE Emerging Markets ETF) is Emerging Markets Equities fund tracking the FTSE Emerging Index, while ET (Energy Transfer LP) is a stock. Over the past 10 years, VWO returned 9.00%/yr vs 13.14%/yr for ET. At a 0.36 correlation, their price movements are largely independent.
Performance
VWO vs. ET - Performance Comparison
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Returns By Period
In the year-to-date period, VWO achieves a 10.77% return, which is significantly lower than ET's 19.85% return. Over the past 10 years, VWO has underperformed ET with an annualized return of 9.00%, while ET has yielded a comparatively higher 13.14% 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%
ET
- 1D
- 1.65%
- 1M
- -5.12%
- YTD
- 19.85%
- 6M
- 19.34%
- 1Y
- 11.35%
- 3Y*
- 24.04%
- 5Y*
- 20.15%
- 10Y*
- 13.14%
VWO vs. ET - 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% |
ET Energy Transfer LP | 19.85% | -9.37% | 53.87% | 27.87% | 55.74% | 42.96% | -44.92% | 5.88% | -17.74% | -4.66% |
Correlation
The correlation between VWO and ET is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2006 | 0.36 |
Over the past year, the correlation between VWO and ET has dropped to 0.03 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
VWO vs. ET — Risk / Return Rank
VWO
ET
VWO vs. ET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets ETF (VWO) and Energy Transfer LP (ET). 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 | ET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.13 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 1.22 | +1.00 |
| Martin ratioReturn relative to average drawdown | 7.80 | 2.70 | +5.11 |
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Drawdowns
VWO vs. ET - Drawdown Comparison
The maximum VWO drawdown since its inception was -67.68%, smaller than the maximum ET drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for VWO and ET.
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Drawdown Indicators
| VWO | ET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.68% | -87.81% | +20.13% |
Max Drawdown (1Y)Largest decline over 1 year | -11.17% | -9.38% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -17.37% | -24.56% | +7.19% |
Max Drawdown (5Y)Largest decline over 5 years | -32.60% | -25.82% | -6.78% |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | -72.82% | +36.43% |
Current DrawdownCurrent decline from peak | -2.68% | -6.47% | +3.79% |
Average DrawdownAverage peak-to-trough decline | -15.80% | -25.72% | +9.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 4.65% | -1.48% |
Volatility
VWO vs. ET - Volatility Comparison
Vanguard FTSE Emerging Markets ETF (VWO) has a higher volatility of 6.64% compared to Energy Transfer LP (ET) at 5.08%. This indicates that VWO's price experiences larger fluctuations and is considered to be riskier than ET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWO | ET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.64% | 5.08% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 12.03% | +2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.54% | 16.13% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 24.86% | -7.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.22% | 34.99% | -15.77% |
Dividends
VWO vs. ET - Dividend Comparison
VWO's dividend yield for the trailing twelve months is around 2.44%, less than ET's 7.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ET Energy Transfer LP | 7.00% | 7.97% | 6.51% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% |
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
VWO and ET have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWO has higher volatility (6.64%) compared to ET (5.08%). In terms of maximum drawdown, VWO dropped -67.68% vs ET's -87.81%.
VWO currently has the higher Sharpe Ratio (1.49 vs 0.71), 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.
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