- ISIN
- US9220423043
- CUSIP
- 922042304
- Issuer
- Vanguard
- Inception Date
- May 4, 1994
- Category
- Emerging Markets Equities
- Min. Investment
- $0
- Index Tracked
- FTSE Emerging Markets All Cap China A Inclusion Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
VEIEX Performance Chart
Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) is up 13.0% since the beginning of the year. VEIEX is currently trading at $38 per share. Investors who bought $1,000 worth of VEIEX shares 5 years ago would now be looking at an investment worth $1,315.
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Returns By Period
Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) has returned 13.04% so far this year and 30.72% over the past 12 months. Over the last ten years, VEIEX has returned 8.75% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Vanguard Emerging Markets Stock Index Fund Investor Shares
- 1D
- 1.49%
- 1M
- 3.20%
- YTD
- 13.04%
- 6M
- 13.71%
- 1Y
- 30.72%
- 3Y*
- 16.54%
- 5Y*
- 5.63%
- 10Y*
- 8.75%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VEIEX Monthly Returns History
Based on dividend-adjusted daily data since May 4, 1994, VEIEX's average daily return is +0.03%, while the average monthly return is +0.74%. At this rate, an investment would double in approximately 7.8 years.
Historically, 58% of months were positive and 42% were negative. The best month was May 2009 with a return of +18.3%, while the worst month was Oct 2008 at -27.7%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.
On a daily basis, VEIEX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +14.7%, while the worst single day was Oct 15, 2008 at -11.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.97% | 2.86% | -7.63% | 9.29% | 1.97% | 1.70% | 13.04% | ||||||
| 2025 | 0.46% | 0.25% | 1.36% | 0.21% | 3.84% | 5.19% | 1.09% | 2.98% | 5.69% | 1.40% | -1.27% | 1.23% | 24.58% |
| 2024 | -3.20% | 3.98% | 1.57% | 1.02% | 1.94% | 2.17% | 1.01% | 1.07% | 7.06% | -3.13% | -1.94% | -0.46% | 11.15% |
| 2023 | 7.77% | -6.27% | 2.54% | -0.66% | -2.48% | 4.30% | 5.91% | -5.69% | -2.07% | -3.44% | 6.76% | 2.97% | 8.66% |
| 2022 | 0.42% | -4.30% | -2.47% | -5.55% | 0.58% | -4.47% | -0.87% | 0.23% | -10.18% | -3.45% | 14.42% | -2.11% | -17.91% |
| 2021 | 2.93% | 1.65% | -1.03% | 1.86% | 1.73% | 1.42% | -6.29% | 2.67% | -3.37% | 1.11% | -3.22% | 1.73% | 0.72% |
Benchmark Metrics
Vanguard Emerging Markets Stock Index Fund Investor Shares has an annualized alpha of 0.53%, beta of 0.76, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since May 04, 1994.
- This fund participated in 108.59% of S&P 500 Index downside but only 97.82% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.49 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.53%
- Beta
- 0.76
- R²
- 0.49
- Upside Capture
- 97.82%
- Downside Capture
- 108.59%
Expense Ratio
VEIEX has an expense ratio of 0.29%, placing it in the medium range.
Return for Risk
Risk / Return Rank
VEIEX ranks 51 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) and compare them to S&P 500 Index.
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.
| VEIEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.78 | -0.10 |
| Martin ratioReturn relative to average drawdown | 9.77 | 12.44 | -2.67 |
Dividends
Dividend History
Vanguard Emerging Markets Stock Index Fund Investor Shares provided a 2.12% dividend yield over the last twelve months, with an annual payout of $0.82 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.82 | $0.88 | $0.83 | $0.86 | $0.96 | $0.75 | $0.55 | $0.86 | $0.65 | $0.62 | $0.53 | $0.63 |
Dividend yield | 2.12% | 2.59% | 2.97% | 3.32% | 3.87% | 2.41% | 1.72% | 3.07% | 2.67% | 2.14% | 2.33% | 3.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Emerging Markets Stock Index Fund Investor Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 | ||||||
| 2025 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.64 | $0.88 |
| 2024 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.66 | $0.83 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.53 | $0.86 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.39 | $0.96 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.28 | $0.75 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Emerging Markets Stock Index Fund Investor Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard Emerging Markets Stock Index Fund Investor Shares was 66.47%, occurring on Nov 20, 2008. Recovery took 2239 trading sessions.
The current Vanguard Emerging Markets Stock Index Fund Investor Shares drawdown is 0.74%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -66.47%Nov 2008 | 1y 20d | 8y 10mo | 9y 11moNov 2007 - Oct 2017 |
1998 bear market1998 | -54.78%Sep 1998 | 1y 2mo | 5y 3mo | 6y 5moJul 1997 - Jan 2004 |
COVID crash2020 | -36.30%Mar 2020 | 2y 1mo | 7mo 28d | 2y 9moJan 2018 - Nov 2020 |
Bear market2022 | -34.30%Oct 2022 | 1y 8mo | 2y 8mo | 4y 4moFeb 2021 - Jul 2025 |
1995 bear market1995 | -32.47%Mar 1995 | 5mo 21d | 1y 10mo | 2y 3moSep 1994 - Jan 1997 |
Drawdown Indicators
| VEIEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.47% | -56.78% | -9.69% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -9.10% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -15.84% | -18.90% | +3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -32.60% | -25.43% | -7.17% |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | -33.92% | -2.38% |
Current DrawdownCurrent decline from peak | -0.74% | -1.80% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -17.18% | -10.71% | -6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.03% | +1.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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