DEXC vs. VEXC

Last updated Jun 4, 2026

DEXC (Dimensional Emerging Markets ex China Core Equity ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both exchange-traded funds - DEXC is a Emerging Markets Diversified fund actively managed by Dimensional Fund Advisors, while VEXC is a Emerging Markets Equities fund tracking the FTSE Emerging ex China Index. DEXC is actively managed, while VEXC is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. DEXC charges 0.43%/yr vs 0.07%/yr for VEXC.

Performance

DEXC vs. VEXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Emerging Markets ex China Core Equity ETF (DEXC) 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, DEXC achieves a 37.31% return, which is significantly higher than VEXC's 20.21% return.

DEXC

• 1D: -0.88%
• 1M: 11.20%
• YTD: 37.31%
• 6M: 41.69%
• 1Y: 63.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VEXC

• 1D: -1.20%
• 1M: 4.95%
• YTD: 20.21%
• 6M: 23.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DEXC vs. VEXC - Yearly Performance Comparison

	2026 (YTD)	2025
DEXC Dimensional Emerging Markets ex China Core Equity ETF	37.31%	6.57%
VEXC Vanguard Emerging Markets Ex-China ETF	20.21%	4.80%

Correlation

The correlation between DEXC and VEXC is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 3, 2025	0.92

Return for Risk

DEXC vs. VEXC — Risk / Return Rank

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

DEXC

DEXC Risk / Return Rank: 89
DEXC Sharpe Ratio Rank: 90
DEXC Sortino Ratio Rank: 88
DEXC Omega Ratio Rank: 89
DEXC Calmar Ratio Rank: 87
DEXC Martin Ratio Rank: 89

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.

DEXC vs. VEXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets ex China Core Equity ETF (DEXC) 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.

	DEXC	VEXC	Difference
Sharpe ratio: Return per unit of total volatility	3.12	—	—
Sortino ratio: Return per unit of downside risk	3.99	—	—
Omega ratio: Gain probability vs. loss probability	1.57	—	—
Calmar ratio: Return relative to maximum drawdown	4.95	—	—
Martin ratio: Return relative to average drawdown	19.75	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DEXC	VEXC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	2.21	-0.04

Drawdowns

DEXC vs. VEXC - Drawdown Comparison

The maximum DEXC drawdown since its inception was -15.07%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for DEXC and VEXC.

Drawdown Indicators

	DEXC	VEXC	Difference
Max Drawdown Largest peak-to-trough decline	-15.07%	-12.42%	-2.65%
Max Drawdown (1Y) Largest decline over 1 year	-12.86%	—	—
Current Drawdown Current decline from peak	-0.88%	-1.20%	+0.32%
Average Drawdown Average peak-to-trough decline	-2.41%	-2.23%	-0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	—	—

Volatility

Volatility by Period

	DEXC	VEXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.44%	18.89%	+1.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	18.89%	+0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	18.89%	+0.84%

DEXC vs. VEXC - Expense Ratio Comparison

DEXC has a 0.43% expense ratio, which is higher than VEXC's 0.07% expense ratio.

Dividends

DEXC vs. VEXC - Dividend Comparison

DEXC's dividend yield for the trailing twelve months is around 1.45%, more than VEXC's 0.74% yield.

Position	TTM	2025	2024
DEXC Dimensional Emerging Markets ex China Core Equity ETF	1.45%	1.97%	0.19%
VEXC Vanguard Emerging Markets Ex-China ETF	0.74%	0.43%	0.00%

Frequently Asked Questions

Can I hold both DEXC and VEXC in my portfolio?

With a correlation of 0.92, DEXC and VEXC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, DEXC 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, DEXC or VEXC?

VEXC is cheaper with a 0.07% expense ratio, compared with 0.43% for DEXC.

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

DEXC has the higher dividend yield at 1.45%, compared with 0.74% for VEXC.

What is the main difference between DEXC and VEXC?

DEXC is categorized as Emerging Markets Diversified, while VEXC is Emerging Markets Equities. They also come from different issuers: Dimensional Fund Advisors and Vanguard. Their fees differ too: 0.43% for DEXC and 0.07% for VEXC.