VWO vs. HAL
VWO (Vanguard FTSE Emerging Markets ETF) is Emerging Markets Equities fund tracking the FTSE Emerging Index, while HAL (Halliburton Company) is a stock. Over the past 10 years, VWO returned 8.60%/yr vs 1.02%/yr for HAL. At a 0.48 correlation, their price movements are largely independent.
Performance
VWO vs. HAL - Performance Comparison
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Returns By Period
In the year-to-date period, VWO achieves a 8.50% return, which is significantly lower than HAL's 44.62% return. Over the past 10 years, VWO has outperformed HAL with an annualized return of 8.60%, while HAL has yielded a comparatively lower 1.02% annualized return.
VWO
- 1D
- 0.52%
- 1M
- -3.65%
- YTD
- 8.50%
- 6M
- 9.73%
- 1Y
- 24.29%
- 3Y*
- 16.22%
- 5Y*
- 4.65%
- 10Y*
- 8.60%
HAL
- 1D
- 3.37%
- 1M
- 2.11%
- YTD
- 44.62%
- 6M
- 45.55%
- 1Y
- 101.95%
- 3Y*
- 10.25%
- 5Y*
- 12.92%
- 10Y*
- 1.02%
VWO vs. HAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWO Vanguard FTSE Emerging Markets ETF | 8.50% | 25.60% | 10.59% | 9.25% | -17.98% | 1.26% | 15.17% | 20.75% | -14.76% | 31.49% |
HAL Halliburton Company | 44.62% | 7.02% | -23.19% | -6.47% | 74.45% | 21.99% | -21.23% | -4.90% | -44.63% | -8.18% |
Correlation
The correlation between VWO and HAL is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2005 | 0.48 |
Over the past year, the correlation between VWO and HAL has dropped to 0.09 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
VWO vs. HAL — Risk / Return Rank
VWO
HAL
VWO vs. HAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets ETF (VWO) and Halliburton Company (HAL). 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.
| VWO | HAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.42 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 7.82 | -5.64 |
| Martin ratioReturn relative to average drawdown | 7.79 | 20.24 | -12.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VWO | HAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 2.78 | -1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.32 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.02 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.14 | +0.12 |
Drawdowns
VWO vs. HAL - Drawdown Comparison
The maximum VWO drawdown since its inception was -67.68%, smaller than the maximum HAL drawdown of -92.99%. Use the drawdown chart below to compare losses from any high point for VWO and HAL.
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Drawdown Indicators
| VWO | HAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.68% | -92.99% | +25.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.17% | -13.10% | +1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -17.37% | -54.01% | +36.64% |
Max Drawdown (5Y)Largest decline over 5 years | -32.60% | -54.01% | +21.41% |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | -91.45% | +55.06% |
Current DrawdownCurrent decline from peak | -4.67% | -31.36% | +26.69% |
Average DrawdownAverage peak-to-trough decline | -15.81% | -39.13% | +23.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 5.06% | -1.94% |
Volatility
VWO vs. HAL - Volatility Comparison
The current volatility for Vanguard FTSE Emerging Markets ETF (VWO) is 6.29%, while Halliburton Company (HAL) has a volatility of 10.08%. This indicates that VWO experiences smaller price fluctuations and is considered to be less risky than HAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWO | HAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 10.08% | -3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 13.80% | 24.20% | -10.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.37% | 36.99% | -20.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 40.19% | -22.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.23% | 45.98% | -26.75% |
Dividends
VWO vs. HAL - Dividend Comparison
VWO's dividend yield for the trailing twelve months is around 2.49%, more than HAL's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAL Halliburton Company | 1.68% | 2.41% | 2.50% | 1.77% | 1.22% | 0.79% | 1.67% | 2.94% | 2.71% | 1.47% | 1.33% | 2.12% |
VWO Vanguard FTSE Emerging Markets ETF | 2.49% | 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 HAL have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HAL has higher volatility (10.08%) compared to VWO (6.29%). In terms of maximum drawdown, VWO dropped -67.68% vs HAL's -92.99%.
HAL currently has the higher Sharpe Ratio (2.78 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.
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