- Issuer
- Vanguard
- Inception Date
- Sep 30, 2025
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- FTSE Emerging ex China Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $236M
Share Price Chart
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Performance
VEXC Performance Chart
Vanguard Emerging Markets Ex-China ETF (VEXC) is up 24.8% since the beginning of the year. VEXC is currently trading at $98 per share.
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Returns By Period
Vanguard Emerging Markets Ex-China ETF
- 1D
- 1.12%
- 1M
- 7.24%
- YTD
- 24.82%
- 6M
- 26.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
VEXC Monthly Returns History
Based on dividend-adjusted daily data since Oct 2, 2025, VEXC's average daily return is +0.16%, while the average monthly return is +3.13%. At this rate, an investment would double in approximately 1.9 years.
Historically, 78% of months were positive and 22% were negative. The best month was Apr 2026 with a return of +12.0%, while the worst month was Mar 2026 at -8.1%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 1 months.
On a daily basis, VEXC closed higher 58% of trading days. The best single day was Apr 8, 2026 with a return of +4.9%, while the worst single day was Jun 5, 2026 at -4.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.63% | 5.67% | -8.07% | 11.98% | 4.30% | 4.16% | 24.82% | ||||||
| 2025 | 2.55% | -0.56% | 2.48% | 4.50% |
Benchmark Metrics
Vanguard Emerging Markets Ex-China ETF has an annualized alpha of 22.20%, beta of 1.20, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since October 02, 2025.
- This ETF captured 133.00% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -56.52%) - a profile typical of hedging or uncorrelated assets.
- This ETF generated an annualized alpha of 22.20% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 22.20%
- Beta
- 1.20
- R²
- 0.68
- Upside Capture
- 133.00%
- Downside Capture
- -56.52%
Expense Ratio
VEXC has an expense ratio of 0.07%, which is considered low.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Emerging Markets Ex-China ETF (VEXC) 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.
| VEXC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Vanguard Emerging Markets Ex-China ETF provided a 1.38% dividend yield over the last twelve months, with an annual payout of $1.36 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $1.36 | $0.34 |
Dividend yield | 1.38% | 0.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Emerging Markets Ex-China ETF. 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 | $0.36 | $0.00 | $0.00 | $0.65 | $1.01 | ||||||
| 2025 | $0.34 | $0.34 |
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 Ex-China ETF. 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 Ex-China ETF was 12.42%, occurring on Mar 30, 2026. Recovery took 13 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 correction2026 | -12.42%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
2026 pullback2026 | -5.78%Jun 2026 | 7d | 5d | 12dJun 2026 - Jun 2026 |
2026 pullback2026 | -5.36%May 2026 | 12d | 7d | 19dMay 2026 - May 2026 |
2025 pullback2025 | -3.55%Nov 2025 | 22d | 19d | 1mo 11dOct 2025 - Dec 2025 |
2025 pullback2025 | -3.08%Oct 2025 | 1d | 5d | 6dOct 2025 - Oct 2025 |
Drawdown Indicators
| VEXC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.42% | -56.78% | +44.36% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -10.71% | +8.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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