BKF vs. VEXC

Last updated Jul 15, 2026

BKF (iShares MSCI BRIC ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - BKF tracks the MSCI BRIC Index while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. A 0.75 correlation means they provide meaningful diversification when combined. BKF charges 0.69%/yr vs 0.07%/yr for VEXC.

Performance

BKF vs. VEXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI BRIC ETF (BKF) and Vanguard Emerging Markets Ex-China ETF (VEXC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKF achieves a -8.67% return, which is significantly lower than VEXC's 19.19% return.

BKF

• 1D: 1.37%
• 1M: 0.10%
• 6M: -11.29%
• YTD: -8.67%
• 1Y: -2.04%
• 3Y*: 6.12%
• 5Y*: -3.51%
• 10Y*: 4.28%

VEXC

• 1D: 0.27%
• 1M: 0.35%
• 6M: 15.63%
• YTD: 19.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BKF vs. VEXC - Yearly Performance Comparison

	2026 (YTD)	2025
BKF iShares MSCI BRIC ETF	-8.67%	-2.74%
VEXC Vanguard Emerging Markets Ex-China ETF	19.19%	4.50%

Correlation

The correlation between BKF and VEXC is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.75

Return for Risk

BKF vs. VEXC — Risk / Return Rank

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

BKF

BKF Risk / Return Rank: 8
BKF Sharpe Ratio Rank: 8
BKF Sortino Ratio Rank: 7
BKF Omega Ratio Rank: 8
BKF Calmar Ratio Rank: 8
BKF Martin Ratio Rank: 8

VEXC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

BKF vs. VEXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI BRIC ETF (BKF) and Vanguard Emerging Markets Ex-China ETF (VEXC). 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.

	BKF	VEXC	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	—	—
Sortino ratio: Return per unit of downside risk	-0.07	—	—
Omega ratio: Gain probability vs. loss probability	0.99	—	—
Calmar ratio: Return relative to maximum drawdown	-0.13	—	—
Martin ratio: Return relative to average drawdown	-0.30	—	—

Drawdowns

BKF vs. VEXC - Drawdown Comparison

The maximum BKF drawdown since its inception was -70.29%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for BKF and VEXC.

Drawdown Indicators

	BKF	VEXC	Difference
Max Drawdown Largest peak-to-trough decline	-70.29%	-12.42%	-57.87%
Max Drawdown (1Y) Largest decline over 1 year	-15.45%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.97%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.20%	—	—
Current Drawdown Current decline from peak	-26.03%	-4.51%	-21.52%
Average Drawdown Average peak-to-trough decline	-28.10%	-2.34%	-25.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.79%	—	—

Volatility

Volatility by Period

	BKF	VEXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.98%	20.15%	-4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.53%	20.15%	+1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.67%	20.15%	+1.52%

BKF vs. VEXC - Expense Ratio Comparison

BKF has a 0.69% expense ratio, which is higher than VEXC's 0.07% expense ratio.

Dividends

BKF vs. VEXC - Dividend Comparison

BKF's dividend yield for the trailing twelve months is around 1.59%, more than VEXC's 1.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKF iShares MSCI BRIC ETF	1.59%	1.79%	2.37%	1.68%	2.04%	2.93%	1.02%	1.66%	2.33%	1.51%	1.82%	3.15%
VEXC Vanguard Emerging Markets Ex-China ETF	1.44%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKF and VEXC in my portfolio?

BKF and VEXC have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKF or VEXC?

On fees, VEXC is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKF or VEXC?

VEXC is cheaper with a 0.07% expense ratio, compared with 0.69% for BKF.

Which ETF pays a higher dividend yield, BKF or VEXC?

BKF has the higher dividend yield at 1.59%, compared with 1.44% for VEXC.

What is the main difference between BKF and VEXC?

BKF tracks MSCI BRIC Index, while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.69% for BKF and 0.07% for VEXC.