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VEA vs VWO: Performance & Backtest Comparison
VEA delivered the higher return - 5.28% CAGR vs 4.10% - over 2007-08-31 → 2026-06-30.
Growth comparison
Drawdown
Annual returns
| VEA | VWO | |
|---|---|---|
| Name | Vanguard FTSE Developed Markets ETF | Vanguard FTSE Emerging Markets ETF |
| CAGR | 5.28% | 4.10% |
| Total return | 164.53% | 113.82% |
| Volatility | 17.84% | 20.50% |
| Max drawdown | -57.05%Feb 2009 | -61.69%Feb 2009 |
| Sharpe | 0.30 | 0.23 |
| Sortino | 0.42 | 0.33 |
| Best year | 35.17% | 76.31% |
| Worst year | -40.62% | -52.46% |
| Final balance | $26,453 | $21,382 |
Correlation of monthly returns: 0.86. Wondering if you need both? Check their fund overlap →
All figures are total returns: every dividend and distribution is reinvested on its ex-date, and prices are split-adjusted. See the methodology.
Frequently asked questions
Which has performed better, VEA or VWO?
Over 2007-08-31 to 2026-06-30, VEA performed better: 5.28% annualized versus 4.10% for VWO, with dividends reinvested. Past performance does not guarantee future results.
How similar are VEA and VWO?
Their monthly returns have a correlation of 0.86 over the common period. VEA is Vanguard FTSE Developed Markets ETF; VWO is Vanguard FTSE Emerging Markets ETF.
Which is riskier, VEA or VWO?
Over the common period VEA had 17.84% annualized volatility and a -57.05% max drawdown, versus 20.50% and -61.69% for VWO.