DIEM vs. VEXC

Last updated Aug 2, 2026

DIEM (Franklin Emerging Market Core Dividend Tilt Index ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - DIEM tracks the Morningstar Emerging Markets Dividend Enhanced Select Index while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. Their correlation of 0.91 means they have usually moved in the same direction. DIEM charges 0.19%/yr vs 0.07%/yr for VEXC.

Performance

DIEM vs. VEXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) 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, DIEM achieves a 24.05% return, which is significantly higher than VEXC's 17.29% return.

DIEM

• 1D: 0.86%
• 1M: -1.21%
• 6M: 14.49%
• YTD: 24.05%
• 1Y: 41.57%
• 3Y*: 23.29%
• 5Y*: 11.34%
• 10Y*: 8.16%
• ALL TIME*: 8.74%

VEXC

• 1D: 1.25%
• 1M: -2.53%
• 6M: 11.04%
• YTD: 17.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	$1.97M	$1.53M	$960.12K
VEXC Vanguard Emerging Markets Ex-China ETF	$2.10M	$2.14M	$2.87M

DIEM vs. VEXC - Yearly Performance Comparison

	2026 (YTD)	2025
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	24.05%	4.98%
VEXC Vanguard Emerging Markets Ex-China ETF	17.29%	4.50%

Correlation

The correlation between DIEM and VEXC is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.91

Return for Risk

DIEM vs. VEXC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DIEM

DIEM Risk / Return Rank: 79
DIEM Sharpe Ratio Rank: 79
DIEM Sortino Ratio Rank: 73
DIEM Omega Ratio Rank: 82
DIEM Calmar Ratio Rank: 82
DIEM Martin Ratio Rank: 78

VEXC

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DIEM vs. VEXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) 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.

	DIEM	VEXC	Difference
Sharpe ratio: Return per unit of total volatility	1.81	—	—
Sortino ratio: Return per unit of downside risk	2.37	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	3.03	—	—
Martin ratio: Return relative to average drawdown	9.86	—	—

Drawdowns

DIEM vs. VEXC - Drawdown Comparison

The maximum DIEM drawdown since its inception was -38.61%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for DIEM and VEXC.

Drawdown Indicators

	DIEM	VEXC	Difference
Max Drawdown Largest peak-to-trough decline	-38.61%	-12.42%	-26.19%
Max Drawdown (1Y) Largest decline over 1 year	-13.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.61%	—	—
Current Drawdown Current decline from peak	-9.21%	-6.04%	-3.17%
Average Drawdown Average peak-to-trough decline	-9.67%	-2.61%	-7.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.17%	—	—

Volatility

Volatility by Period

	DIEM	VEXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.81%	20.44%	+2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.99%	20.44%	-2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.04%	20.44%	-2.40%

DIEM vs. VEXC - Expense Ratio Comparison

DIEM has a 0.19% expense ratio, which is higher than VEXC's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DIEM vs. VEXC - Dividend Comparison

DIEM's dividend yield for the trailing twelve months is around 2.99%, more than VEXC's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	2.99%	2.99%	4.92%	4.45%	6.31%	4.06%	2.75%	5.98%	3.87%	2.61%	0.35%
VEXC Vanguard Emerging Markets Ex-China ETF	1.47%	0.43%	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 DIEM and VEXC in my portfolio?

With a correlation of 0.91, DIEM 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, DIEM 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, DIEM or VEXC?

VEXC is cheaper with a 0.07% expense ratio, compared with 0.19% for DIEM.

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

DIEM has the higher dividend yield at 2.99%, compared with 1.47% for VEXC.

What is the main difference between DIEM and VEXC?

DIEM tracks Morningstar Emerging Markets Dividend Enhanced Select Index, while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: Franklin Templeton and Vanguard. Their fees differ too: 0.19% for DIEM and 0.07% for VEXC.