BEMIX vs. VWO
BEMIX (Brandes Emerging Markets Fund) and VWO (Vanguard FTSE Emerging Markets ETF) are both funds - BEMIX is a Emerging Markets Diversified fund managed by Brandes, while VWO is a Emerging Markets Equities fund tracking the FTSE Emerging Index. Over the past 10 years, BEMIX returned 10.13%/yr vs 8.97%/yr for VWO. Their correlation of 0.87 suggests significant overlap in exposure. BEMIX charges 1.12%/yr vs 0.08%/yr for VWO.
Performance
BEMIX vs. VWO - Performance Comparison
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Returns By Period
In the year-to-date period, BEMIX achieves a 23.58% return, which is significantly higher than VWO's 10.55% return. Over the past 10 years, BEMIX has outperformed VWO with an annualized return of 10.13%, while VWO has yielded a comparatively lower 8.97% annualized return.
BEMIX
- 1D
- -0.40%
- 1M
- 3.30%
- YTD
- 23.58%
- 6M
- 24.78%
- 1Y
- 56.36%
- 3Y*
- 27.13%
- 5Y*
- 12.74%
- 10Y*
- 10.13%
VWO
- 1D
- -3.07%
- 1M
- 0.76%
- YTD
- 10.55%
- 6M
- 10.67%
- 1Y
- 27.03%
- 3Y*
- 17.42%
- 5Y*
- 5.09%
- 10Y*
- 8.97%
BEMIX vs. VWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BEMIX Brandes Emerging Markets Fund | 23.58% | 47.83% | 4.01% | 22.53% | -15.91% | 1.68% | -6.17% | 18.60% | -15.56% | 26.00% |
VWO Vanguard FTSE Emerging Markets ETF | 10.55% | 25.60% | 10.59% | 9.25% | -17.98% | 1.26% | 15.17% | 20.75% | -14.76% | 31.49% |
Correlation
The correlation between BEMIX and VWO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2011 | 0.87 |
The correlation between BEMIX and VWO has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
BEMIX vs. VWO — Risk / Return Rank
BEMIX
VWO
BEMIX vs. VWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandes Emerging Markets Fund (BEMIX) and Vanguard FTSE Emerging Markets ETF (VWO). 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.
| BEMIX | VWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.30 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.69 | 2.43 | +2.26 |
| Martin ratioReturn relative to average drawdown | 18.69 | 8.56 | +10.13 |
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Drawdowns
BEMIX vs. VWO - Drawdown Comparison
The maximum BEMIX drawdown since its inception was -46.05%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for BEMIX and VWO.
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Drawdown Indicators
| BEMIX | VWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.05% | -67.68% | +21.63% |
Max Drawdown (1Y)Largest decline over 1 year | -12.07% | -11.17% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -16.08% | -17.37% | +1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -35.97% | -32.60% | -3.37% |
Max Drawdown (10Y)Largest decline over 10 years | -46.05% | -36.39% | -9.66% |
Current DrawdownCurrent decline from peak | -1.76% | -3.07% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -14.14% | -15.79% | +1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 3.17% | -0.15% |
Volatility
BEMIX vs. VWO - Volatility Comparison
Brandes Emerging Markets Fund (BEMIX) has a higher volatility of 7.78% compared to Vanguard FTSE Emerging Markets ETF (VWO) at 7.37%. This indicates that BEMIX's price experiences larger fluctuations and is considered to be riskier than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BEMIX | VWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 7.37% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 14.62% | +1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.93% | 16.94% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 17.58% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 19.18% | -2.01% |
BEMIX vs. VWO - Expense Ratio Comparison
BEMIX has a 1.12% expense ratio, which is higher than VWO's 0.08% expense ratio.
Dividends
BEMIX vs. VWO - Dividend Comparison
BEMIX's dividend yield for the trailing twelve months is around 1.74%, less than VWO's 2.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEMIX Brandes Emerging Markets Fund | 1.74% | 2.15% | 3.04% | 2.45% | 2.86% | 2.31% | 1.31% | 2.56% | 1.55% | 1.41% | 2.20% | 1.54% |
VWO Vanguard FTSE Emerging Markets ETF | 2.33% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
Frequently Asked Questions
BEMIX and VWO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEMIX has higher volatility (7.78%) compared to VWO (7.37%). In terms of maximum drawdown, BEMIX dropped -46.05% vs VWO's -67.68%.
BEMIX currently has the higher Sharpe Ratio (3.16 vs 1.60), 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.
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