ABNB vs. VEMAX

Last updated Jun 13, 2026

ABNB (Airbnb, Inc.) is a stock, while VEMAX (Vanguard Emerging Markets Stock Index Fund Admiral Shares) is Emerging Markets Equities fund tracking the FTSE Emerging Markets All Cap China A Inclusion Index. Over the past 5 years, ABNB returned -2.28%/yr vs 4.76%/yr for VEMAX. At a 0.43 correlation, their price movements are largely independent.

Performance

ABNB vs. VEMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Airbnb, Inc. (ABNB) and Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABNB achieves a -2.53% return, which is significantly lower than VEMAX's 9.86% return.

ABNB

• 1D: 1.08%
• 1M: -0.52%
• YTD: -2.53%
• 6M: 3.03%
• 1Y: -4.70%
• 3Y*: 1.93%
• 5Y*: -2.28%
• 10Y*: —

VEMAX

• 1D: 2.25%
• 1M: -1.61%
• YTD: 9.86%
• 6M: 11.36%
• 1Y: 25.51%
• 3Y*: 16.48%
• 5Y*: 4.76%
• 10Y*: 8.79%

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

ABNB vs. VEMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ABNB Airbnb, Inc.	-2.53%	3.28%	-3.47%	59.23%	-48.65%	13.41%	0.55%
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares	9.86%	24.76%	11.34%	8.82%	-17.79%	0.85%	3.02%

Correlation

The correlation between ABNB and VEMAX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020	0.43

The correlation between ABNB and VEMAX shifts across timeframes, from 0.30 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ABNB vs. VEMAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABNB

ABNB Risk / Return Rank: 34
ABNB Sharpe Ratio Rank: 36
ABNB Sortino Ratio Rank: 31
ABNB Omega Ratio Rank: 31
ABNB Calmar Ratio Rank: 36
ABNB Martin Ratio Rank: 35

VEMAX

VEMAX Risk / Return Rank: 47
VEMAX Sharpe Ratio Rank: 47
VEMAX Sortino Ratio Rank: 46
VEMAX Omega Ratio Rank: 48
VEMAX Calmar Ratio Rank: 47
VEMAX Martin Ratio Rank: 45

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.

ABNB vs. VEMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Airbnb, Inc. (ABNB) and Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ABNB	VEMAX	Difference
Sharpe ratio: Return per unit of total volatility	-0.16	1.59	-1.75
Sortino ratio: Return per unit of downside risk	-0.03	2.22	-2.25
Omega ratio: Gain probability vs. loss probability	1.00	1.29	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.22	2.15	-2.37
Martin ratio: Return relative to average drawdown	-0.47	7.83	-8.30

ABNB vs. VEMAX - Sharpe Ratio Comparison

The current ABNB Sharpe Ratio is -0.16, which is lower than the VEMAX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of ABNB and VEMAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ABNB vs. VEMAX - Drawdown Comparison

The maximum ABNB drawdown since its inception was -61.96%, smaller than the maximum VEMAX drawdown of -66.45%. Use the drawdown chart below to compare losses from any high point for ABNB and VEMAX.

Drawdown Indicators

	ABNB	VEMAX	Difference
Max Drawdown Largest peak-to-trough decline	-61.96%	-66.45%	+4.49%
Max Drawdown (1Y) Largest decline over 1 year	-21.54%	-11.05%	-10.49%
Max Drawdown (3Y) Largest decline over 3 years	-37.16%	-15.78%	-21.38%
Max Drawdown (5Y) Largest decline over 5 years	-60.19%	-32.46%	-27.73%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.11%	—
Current Drawdown Current decline from peak	-39.00%	-3.60%	-35.40%
Average Drawdown Average peak-to-trough decline	-36.12%	-16.10%	-20.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.06%	3.03%	+7.03%

Volatility

ABNB vs. VEMAX - Volatility Comparison

Airbnb, Inc. (ABNB) has a higher volatility of 7.64% compared to Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) at 6.17%. This indicates that ABNB's price experiences larger fluctuations and is considered to be riskier than VEMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABNB	VEMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.64%	6.17%	+1.47%
Volatility (6M) Calculated over the trailing 6-month period	22.25%	12.65%	+9.60%
Volatility (1Y) Calculated over the trailing 1-year period	29.05%	14.97%	+14.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.76%	15.50%	+28.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.93%	16.49%	+29.44%

Dividends

ABNB vs. VEMAX - Dividend Comparison

ABNB has not paid dividends to shareholders, while VEMAX's dividend yield for the trailing twelve months is around 2.42%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABNB Airbnb, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares	2.42%	2.74%	3.13%	3.47%	4.05%	2.57%	1.87%	3.20%	2.85%	2.31%	2.51%	3.25%

Frequently Asked Questions

Can I hold both ABNB and VEMAX in my portfolio?

ABNB and VEMAX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ABNB or VEMAX?

ABNB has higher volatility (7.64%) compared to VEMAX (6.17%). In terms of maximum drawdown, ABNB dropped -61.96% vs VEMAX's -66.45%.

Which has better risk-adjusted returns?

VEMAX currently has the higher Sharpe Ratio (1.59 vs -0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.