- ISIN
- US9220426509
- CUSIP
- 922042650
- Issuer
- Vanguard
- Inception Date
- Dec 15, 2010
- Category
- Emerging Markets Equities
- 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 7.8% since the beginning of the year. VEMRX is currently trading at $122 per share. Investors who bought $1,000 worth of VEMRX shares 5 years ago would now be looking at an investment worth $1,328.
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Returns By Period
Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX) has returned 7.83% so far this year and 20.01% over the past 12 months. Over the last ten years, VEMRX has returned 7.63% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Vanguard Emerging Markets Index Fund Institutional Plus Shares
- 1D
- 1.69%
- 1M
- -1.72%
- 6M
- 2.69%
- YTD
- 7.83%
- 1Y
- 20.01%
- 3Y*
- 13.74%
- 5Y*
- 5.83%
- 10Y*
- 7.63%
- ALL TIME*
- 4.08%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
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 +0.45%. At this rate, an investment would double in approximately 12.9 years.
Historically, 57% of months were positive and 43% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.01% | 2.86% | -7.61% | 9.32% | 1.99% | -0.06% | -3.02% | 7.83% | |||||
| 2025 | 0.46% | 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% |
| 2023 | 7.78% | -6.25% | 2.55% | -0.64% | -2.44% | 4.28% | 5.93% | -5.66% | -2.05% | -3.44% | 6.79% | 2.99% | 8.88% |
| 2022 | 0.41% | -4.28% | -2.45% | -5.54% | 0.60% | -4.42% | -0.86% | 0.22% | -10.16% | -3.44% | 14.46% | -2.09% | -17.74% |
| 2021 | 2.95% | 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 -4.16%, 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 95.06% 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 -4.16% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -4.16%
- Beta
- 0.75
- R²
- 0.57
- Upside Capture
- 62.95%
- Downside Capture
- 95.06%
Expense Ratio
VEMRX has an expense ratio of 0.08%, which is considered low.
Return for Risk
Risk / Return Rank
VEMRX ranks 34 for risk / return — above 34% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return 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.
| VEMRX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.00 | -0.34 |
| Martin ratioReturn relative to average drawdown | 5.54 | 8.49 | -2.95 |
Dividends
Dividend History
Vanguard Emerging Markets Index Fund Institutional Plus Shares provided a 2.40% dividend yield over the last twelve months, with an annual payout of $2.91 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2.40% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $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 5.42%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-36.01%Mar 2020 | 2y 1mo | 7mo 21d | 2y 9moJan 2018 - Nov 2020 | COVID crash2020 |
-35.45%Jan 2016 | 1y 4mo | 1y 6mo | 2y 10moSep 2014 - Jul 2017 | — |
-34.06%Oct 2022 | 1y 8mo | 2y 8mo | 4y 4moFeb 2021 - Jun 2025 | Bear market2022 |
-29.76%Oct 2011 | 5mo 8d | 2y 11mo | 3y 4moApr 2011 - Sep 2014 | — |
-11.04%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 | — |
Drawdown Indicators
| VEMRX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | -30.65% | -25.43% | -5.22% |
Max Drawdown (10Y)Largest decline over 10 years | -36.01% | -33.92% | -2.09% |
Current DrawdownCurrent decline from peak | -5.42% | -1.58% | -3.84% |
Average DrawdownAverage peak-to-trough decline | -12.73% | -10.70% | -2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 2.14% | +1.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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