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ISIN
US9220426509
CUSIP
922042650
Issuer
Vanguard
Inception Date
Dec 15, 2010
Min. Investment
$100,000,000
Distribution Policy
Distributing
Asset Class
Equity
Assets Under Management
$163B

Share Price Chart


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Performance

VEMRX Performance Chart

Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX) is up 13.2% since the beginning of the year. VEMRX is currently trading at $128 per share. Investors who bought $1,000 worth of VEMRX shares 5 years ago would now be looking at an investment worth $1,329.


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S&P 500 Index

Returns By Period

Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX) has returned 13.18% so far this year and 31.02% over the past 12 months. Over the last ten years, VEMRX has returned 8.98% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


Vanguard Emerging Markets Index Fund Institutional Plus Shares

1D
1.50%
1M
3.23%
YTD
13.18%
6M
13.84%
1Y
31.02%
3Y*
16.80%
5Y*
5.85%
10Y*
8.98%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VEMRX Monthly Returns History

Based on dividend-adjusted daily data since Dec 13, 2010, VEMRX's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.

Historically, 58% of months were positive and 42% were negative. The best month was Nov 2022 with a return of +14.5%, while the worst month was Mar 2020 at -17.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, VEMRX closed higher 53% of trading days. The best single day was Mar 16, 2022 with a return of +6.6%, while the worst single day was Mar 16, 2020 at -10.2%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20265.01%2.86%-7.61%9.32%1.99%1.72%13.18%
20250.46%0.27%1.38%0.23%3.86%5.20%1.12%2.98%5.73%1.41%-1.24%1.23%24.84%
2024-3.18%3.99%1.58%1.07%1.93%2.20%1.02%1.09%7.05%-3.10%-1.91%-0.44%11.40%
20237.78%-6.25%2.55%-0.64%-2.44%4.28%5.93%-5.66%-2.05%-3.44%6.79%2.99%8.88%
20220.41%-4.28%-2.45%-5.54%0.60%-4.42%-0.86%0.22%-10.16%-3.44%14.46%-2.09%-17.74%
20212.95%1.65%-1.02%1.88%1.75%1.46%-6.29%2.69%-3.34%1.12%-3.22%1.76%0.92%

Benchmark Metrics

Vanguard Emerging Markets Index Fund Institutional Plus Shares has an annualized alpha of -3.91%, beta of 0.75, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since December 13, 2010.

  • This fund participated in 93.51% of S&P 500 Index downside but only 62.95% of its upside - more exposed to losses than it benefited from rallies.
  • This fund had an annualized alpha of -3.91% versus S&P 500 Index - delivering less than market exposure alone would predict.

Alpha
-3.91%
Beta
0.75
0.57
Upside Capture
62.95%
Downside Capture
93.51%

Expense Ratio

VEMRX has an expense ratio of 0.08%, which is considered low.


Return for Risk

Risk / Return Rank

VEMRX ranks 53 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.


VEMRX Risk / Return Rank: 5353
Overall Rank
VEMRX Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
VEMRX Sortino Ratio Rank: 5050
Sortino Ratio Rank
VEMRX Omega Ratio Rank: 5353
Omega Ratio Rank
VEMRX Calmar Ratio Rank: 5555
Calmar Ratio Rank
VEMRX Martin Ratio Rank: 5151
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX) 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.


VEMRXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.05

Sortino ratioReturn per unit of downside risk

-0.02

Omega ratioGain probability vs. loss probability

1.37

1.37

0.00

Calmar ratioReturn relative to maximum drawdown

2.71

2.78

-0.07

Martin ratioReturn relative to average drawdown

9.89

12.44

-2.55

Dividends

Dividend History

Vanguard Emerging Markets Index Fund Institutional Plus Shares provided a 2.28% dividend yield over the last twelve months, with an annual payout of $2.91 per share.


2.00%2.50%3.00%3.50%4.00%$0.00$0.50$1.00$1.50$2.00$2.50$3.00$3.5020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$2.91$3.15$2.96$3.04$3.37$2.73$2.03$3.05$2.35$2.27$1.93$2.29

Dividend yield

2.28%2.79%3.19%3.53%4.11%2.63%1.92%3.26%2.92%2.35%2.56%3.31%

Monthly Dividends

The table displays the monthly dividend distributions for Vanguard Emerging Markets Index Fund Institutional Plus Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00$0.00$0.15$0.15
2025$0.00$0.00$0.10$0.00$0.00$0.29$0.00$0.00$0.59$0.00$0.00$2.17$3.15
2024$0.00$0.00$0.08$0.00$0.00$0.36$0.00$0.00$0.28$0.00$0.00$2.24$2.96
2023$0.00$0.00$0.06$0.00$0.00$0.48$0.00$0.00$0.69$0.00$0.00$1.82$3.04
2022$0.00$0.00$0.28$0.00$0.00$0.64$0.00$0.00$1.11$0.00$0.00$1.34$3.37
2021$0.00$0.00$0.15$0.00$0.00$0.59$0.00$0.00$0.99$0.00$0.00$1.00$2.73

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 Index Fund Institutional Plus 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 Index Fund Institutional Plus Shares was 36.01%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.

The current Vanguard Emerging Markets Index Fund Institutional Plus Shares drawdown is 0.73%.


Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-36.01%Mar 2020
2y 1mo7mo 21d
2y 9moJan 2018 - Nov 2020
2016 bear market2016
-35.45%Jan 2016
1y 4mo1y 6mo
2y 10moSep 2014 - Jul 2017
Bear market2022
-34.06%Oct 2022
1y 8mo2y 8mo
4y 4moFeb 2021 - Jun 2025
2011 bear market2011
-29.76%Oct 2011
5mo 8d2y 11mo
3y 4moApr 2011 - Sep 2014
2026 correction2026
-11.04%Mar 2026
1mo 2d18d
1mo 20dFeb 2026 - Apr 2026

Drawdown Indicators


VEMRXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-36.01%

-56.78%

+20.77%

Max Drawdown (1Y)

Largest decline over 1 year

-11.04%

-9.10%

-1.94%

Max Drawdown (3Y)

Largest decline over 3 years

-15.74%

-18.90%

+3.16%

Max Drawdown (5Y)

Largest decline over 5 years

-32.41%

-25.43%

-6.98%

Max Drawdown (10Y)

Largest decline over 10 years

-36.01%

-33.92%

-2.09%

Current Drawdown

Current decline from peak

-0.73%

-1.80%

+1.07%

Average Drawdown

Average peak-to-trough decline

-12.79%

-10.71%

-2.08%

Ulcer Index

Depth 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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Portfolio Analyzer

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