EWO vs VOO
iShares MSCI Austria ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. EWO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EWO | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.03% | |
| AUM | $175M | $979.0B | |
| Dividend Yield | 1.99% | 1.09% | |
| Holdings | 26 | 509 | |
| YTD Return | +24.67% | +13.44% | |
| 1Y Return | +42.53% | +22.62% | |
| 3Y Return (annualized) | +35.55% | +21.47% | |
| 5Y Return (annualized) | +17.12% | +13.27% | |
| Volatility (annualized) | 24.2% | 14.1% | |
| Max Drawdown | -77.2% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 12, 1996 | Sep 7, 2010 |
EWO vs VOO Performance
iShares MSCI Austria ETF (EWO) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EWO returned +42.53% while VOO returned +22.62%. Year to date, EWO is up 24.67% versus a gain of 13.44% for VOO.
Over three years, EWO compounded at +35.55% per year against +21.47% for VOO; over five years the annualized figures are +17.12% and +13.27% respectively. Across the full 16-year window we track, VOO has the edge at +13.55% annualized vs +5.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWO has been the more volatile fund, with annualized monthly volatility of 24.2% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -77.2% for EWO and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EWO charges 0.49% per year while VOO charges 0.03%. On a $10,000 position that is $49 vs $3 annually, a gap of $46 per year that compounds over a long holding period. On income, EWO currently yields 1.99% against 1.09% for VOO.
Holdings Overlap
EWO and VOO share 0 holdings out of 527 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EWO or VOO?
EWO has an expense ratio of 0.49% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, EWO or VOO?
Over the past year EWO returned +42.53% vs +22.62% for VOO, so EWO leads on 1-year performance. Over the longest common window we track (16 years), EWO annualized +5.51% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, EWO or VOO?
EWO has been the more volatile fund at 24.2% annualized versus 14.1% for VOO. Worst drawdown: EWO -77.2% vs VOO -34.3%.
Should I hold both EWO and VOO?
EWO and VOO have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EWO and VOO?
EWO and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, EWO or VOO?
EWO yields 1.99% while VOO yields 1.09%, so EWO currently pays the higher dividend yield.
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