- ISIN
- US9220426012
- CUSIP
- 922042601
- Issuer
- Vanguard
- Inception Date
- Jun 22, 2000
- Category
- Emerging Markets Equities
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
VEMIX Performance Chart
Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) is up 13.8% since the beginning of the year. VEMIX is currently trading at $39 per share. Investors who bought $1,000 worth of VEMIX shares 5 years ago would now be looking at an investment worth $1,328.
Loading charts...
Returns By Period
Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) has returned 13.78% so far this year and 31.19% over the past 12 months. Over the last ten years, VEMIX has returned 9.18% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
Vanguard Emerging Markets Stock Index Fund Institutional Shares
- 1D
- 0.55%
- 1M
- 3.78%
- YTD
- 13.78%
- 6M
- 13.99%
- 1Y
- 31.19%
- 3Y*
- 18.41%
- 5Y*
- 5.84%
- 10Y*
- 9.18%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
VEMIX Monthly Returns History
Based on dividend-adjusted daily data since Jun 22, 2000, VEMIX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 59% of months were positive and 41% were negative. The best month was May 2009 with a return of +18.2%, 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, VEMIX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +14.6%, while the worst single day was Oct 15, 2008 at -11.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.01% | 2.84% | -7.59% | 9.31% | 2.00% | 2.27% | 13.78% | ||||||
| 2025 | 0.46% | 0.25% | 1.38% | 0.25% | 3.85% | 5.22% | 1.09% | 2.99% | 5.72% | 1.41% | -1.24% | 1.25% | 24.80% |
| 2024 | -3.20% | 4.03% | 1.55% | 1.06% | 1.94% | 2.22% | 1.01% | 1.07% | 7.05% | -3.07% | -1.91% | -0.45% | 11.38% |
| 2023 | 7.75% | -6.25% | 2.56% | -0.63% | -2.44% | 4.28% | 5.92% | -5.67% | -2.07% | -3.41% | 6.77% | 2.98% | 8.85% |
| 2022 | 0.42% | -4.31% | -2.42% | -5.56% | 0.58% | -4.39% | -0.88% | 0.23% | -10.16% | -3.46% | 14.45% | -2.07% | -17.75% |
| 2021 | 2.93% | 1.66% | -1.02% | 1.89% | 1.74% | 1.44% | -6.27% | 2.68% | -3.34% | 1.11% | -3.19% | 1.75% | 0.91% |
Benchmark Metrics
Vanguard Emerging Markets Stock Index Fund Institutional Shares has an annualized alpha of 2.87%, beta of 0.81, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since June 22, 2000.
- This fund captured 105.34% of S&P 500 Index gains and 100.24% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.87% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.87%
- Beta
- 0.81
- R²
- 0.56
- Upside Capture
- 105.34%
- Downside Capture
- 100.24%
Expense Ratio
VEMIX has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
VEMIX ranks 59 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 Institutional Shares (VEMIX) 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.
| VEMIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.46 | +0.43 |
| Martin ratioReturn relative to average drawdown | 10.49 | 10.92 | -0.42 |
Dividends
Dividend History
Vanguard Emerging Markets Stock Index Fund Institutional Shares provided a 2.26% dividend yield over the last twelve months, with an annual payout of $0.87 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.87 | $0.94 | $0.89 | $0.91 | $1.01 | $0.81 | $0.60 | $0.91 | $0.70 | $0.68 | $0.58 | $0.52 |
Dividend yield | 2.26% | 2.77% | 3.17% | 3.51% | 4.09% | 2.61% | 1.90% | 3.23% | 2.89% | 2.33% | 2.55% | 2.51% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Emerging Markets Stock Index Fund Institutional 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 | $0.04 | $0.04 | ||||||
| 2025 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.65 | $0.94 |
| 2024 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.67 | $0.89 |
| 2023 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.55 | $0.91 |
| 2022 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.40 | $1.01 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.30 | $0.81 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Emerging Markets Stock Index Fund Institutional 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 Institutional Shares was 66.43%, occurring on Nov 20, 2008. Recovery took 2216 trading sessions.
The current Vanguard Emerging Markets Stock Index Fund Institutional Shares drawdown is 0.19%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -66.43%Nov 2008 | 1y 20d | 8y 9mo | 9y 10moNov 2007 - Sep 2017 |
Dot-com crash2000–2002 | -42.89%Sep 2001 | 1y 2mo | 2y 1mo | 3y 3moJul 2000 - Nov 2003 |
COVID crash2020 | -36.04%Mar 2020 | 2y 1mo | 7mo 21d | 2y 9moJan 2018 - Nov 2020 |
Bear market2022 | -34.09%Oct 2022 | 1y 8mo | 2y 8mo | 4y 4moFeb 2021 - Jun 2025 |
2006 bear market2006 | -24.73%Jun 2006 | 1mo 5d | 5mo 24d | 6mo 29dMay 2006 - Dec 2006 |
Drawdown Indicators
| VEMIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.43% | -56.78% | -9.65% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -9.10% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -15.77% | -18.90% | +3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -32.45% | -25.43% | -7.02% |
Max Drawdown (10Y)Largest decline over 10 years | -36.04% | -33.92% | -2.12% |
Current DrawdownCurrent decline from peak | -0.19% | -3.21% | +3.02% |
Average DrawdownAverage peak-to-trough decline | -15.96% | -10.71% | -5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.04% | +0.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with VEMIX
Add Vanguard Emerging Markets Stock Index Fund Institutional Shares to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with VEMIX