- Issuer
- Vanguard
- Inception Date
- Nov 18, 2013
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Vanguard FTSE Emerging Markets Shares Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
VGE.AX Performance Chart
Vanguard FTSE Emerging Markets Shares ETF (VGE.AX) is up 4.2% since the beginning of the year. VGE.AX is currently trading at A$94 per share. Investors who bought A$1,000 worth of VGE.AX shares 5 years ago would now be looking at an investment worth A$1,297.
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Returns By Period
Vanguard FTSE Emerging Markets Shares ETF (VGE.AX) has returned 4.15% so far this year and 11.82% over the past 12 months. Over the last ten years, VGE.AX has returned 8.28% per year, falling short of the S&P 500 Index benchmark, which averaged 14.27% annually.
Vanguard FTSE Emerging Markets Shares ETF
- 1D
- -0.09%
- 1M
- -0.57%
- 6M
- 1.41%
- YTD
- 4.15%
- 1Y
- 11.82%
- 3Y*
- 13.35%
- 5Y*
- 5.34%
- 10Y*
- 8.28%
Benchmark (S&P 500 Index)
- 1D
- 0.12%
- 1M
- 1.38%
- 6M
- 4.49%
- YTD
- 5.58%
- 1Y
- 12.98%
- 3Y*
- 18.01%
- 5Y*
- 13.12%
- 10Y*
- 14.27%
VGE.AX Monthly Returns History
Based on dividend-adjusted daily data since Nov 18, 2013, VGE.AX's average daily return is +0.03%, while the average monthly return is +0.67%. At this rate, an investment would double in approximately 8.7 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +7.2%, while the worst month was Mar 2020 at -12.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, VGE.AX closed higher 52% of trading days. The best single day was Mar 17, 2022 with a return of +5.3%, while the worst single day was Apr 7, 2025 at -6.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.19% | -0.16% | -6.61% | 6.33% | 2.79% | 3.46% | -1.41% | 4.15% | |||||
| 2025 | 3.02% | -0.89% | -0.07% | -2.04% | 4.47% | 2.96% | 2.14% | 1.97% | 4.60% | 2.82% | -2.19% | -0.99% | 16.61% |
| 2024 | -1.02% | 4.50% | 1.69% | 1.48% | -0.14% | 2.23% | 2.34% | -2.60% | 6.02% | 1.63% | -1.93% | 4.17% | 19.57% |
| 2023 | 1.12% | -1.03% | 2.29% | 0.24% | -0.42% | 1.82% | 5.37% | -2.00% | -2.16% | -2.31% | 2.36% | -0.00% | 5.11% |
| 2022 | 0.55% | -5.96% | -3.67% | -1.53% | -0.82% | -0.95% | -2.17% | 3.11% | -5.91% | -1.05% | 6.83% | -0.64% | -12.17% |
| 2021 | 4.34% | -0.57% | -0.15% | 1.50% | 2.00% | 3.80% | -4.84% | 3.10% | -0.84% | -2.92% | 2.17% | -0.18% | 7.21% |
Benchmark Metrics
Vanguard FTSE Emerging Markets Shares ETF has an annualized alpha of 5.98%, beta of 0.11, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since November 18, 2013.
- This ETF participated in 42.73% of S&P 500 Index downside but only 37.82% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.11 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.98%
- Beta
- 0.11
- R²
- 0.01
- Upside Capture
- 37.82%
- Downside Capture
- 42.73%
Return for Risk
Risk / Return Rank
VGE.AX ranks 26 for risk / return — below 26% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard FTSE Emerging Markets Shares ETF (VGE.AX) 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.
| VGE.AX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.11 | -0.21 |
| Martin ratioReturn relative to average drawdown | 2.80 | 3.10 | -0.30 |
Dividends
Dividend History
Vanguard FTSE Emerging Markets Shares ETF provided a 0.32% dividend yield over the last twelve months, with an annual payout of A$0.30 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | A$0.30 | A$2.90 | A$0.40 | A$1.09 | A$1.85 | A$2.04 | A$2.76 | A$2.25 | A$1.36 | A$1.33 | A$0.92 | A$1.64 |
Dividend yield | 0.32% | 3.22% | 0.50% | 1.62% | 2.83% | 2.68% | 3.78% | 3.15% | 2.22% | 2.01% | 1.65% | 3.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard FTSE Emerging Markets Shares 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 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | |||||
| 2025 | A$2.25 | A$0.00 | A$0.15 | A$0.00 | A$0.00 | A$0.00 | A$0.20 | A$0.00 | A$0.00 | A$0.30 | A$0.00 | A$0.00 | A$2.90 |
| 2024 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.22 | A$0.00 | A$0.00 | A$0.18 | A$0.00 | A$0.00 | A$0.40 |
| 2023 | A$0.00 | A$0.00 | A$0.00 | A$0.07 | A$0.00 | A$0.00 | A$0.39 | A$0.00 | A$0.00 | A$0.63 | A$0.00 | A$0.00 | A$1.09 |
| 2022 | A$0.00 | A$0.00 | A$0.00 | A$0.25 | A$0.00 | A$0.00 | A$0.57 | A$0.00 | A$0.00 | A$1.03 | A$0.00 | A$0.00 | A$1.85 |
| 2021 | A$0.56 | A$0.00 | A$0.00 | A$0.12 | A$0.00 | A$0.00 | A$0.56 | A$0.00 | A$0.00 | A$0.80 | A$0.00 | A$0.00 | A$2.04 |
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 FTSE Emerging Markets Shares 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 FTSE Emerging Markets Shares ETF was 27.06%, occurring on Jan 22, 2016. Recovery took 326 trading sessions.
The current Vanguard FTSE Emerging Markets Shares ETF drawdown is 2.08%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-27.06%Jan 2016 | 9mo 11d | 1y 3mo | 2y 25dApr 2015 - May 2017 | — |
-22.93%Mar 2020 | 2mo 2d | 8mo | 10mo 2dJan 2020 - Nov 2020 | COVID crash2020 |
-21.36%Oct 2022 | 1y 3mo | 1y 11mo | 3y 2moJul 2021 - Sep 2024 | Bear market2022 |
-14.52%Oct 2018 | 8mo 28d | 5mo 12d | 1y 2moJan 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-12.53%Mar 2026 | 4mo 25d | 2mo 25d | 7mo 20dOct 2025 - Jun 2026 | — |
Drawdown Indicators
| VGE.AX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.06% | -41.07% | +14.01% |
Max Drawdown (1Y)Largest decline over 1 year | -12.53% | -11.69% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -12.53% | -17.74% | +5.21% |
Max Drawdown (5Y)Largest decline over 5 years | -20.98% | -22.01% | +1.03% |
Max Drawdown (10Y)Largest decline over 10 years | -22.93% | -24.71% | +1.78% |
Current DrawdownCurrent decline from peak | -2.08% | -0.60% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -11.02% | +4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.13% | 4.20% | -0.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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