DODEX vs. VEMIX
Compare and contrast key facts about Dodge & Cox Emerging Markets Stock Fund (DODEX) and Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX).
DODEX is managed by Dodge & Cox. It was launched on May 10, 2021. VEMIX is managed by Vanguard. It was launched on Jun 22, 2000.
Performance
DODEX vs. VEMIX - Performance Comparison
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DODEX vs. VEMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DODEX Dodge & Cox Emerging Markets Stock Fund | 3.84% | 38.64% | 7.47% | 13.37% | -14.91% | -9.57% |
VEMIX Vanguard Emerging Markets Stock Index Fund Institutional Shares | -2.51% | 24.80% | 11.38% | 8.85% | -17.75% | -3.83% |
Returns By Period
In the year-to-date period, DODEX achieves a 3.84% return, which is significantly higher than VEMIX's -2.51% return.
DODEX
- 1D
- -0.65%
- 1M
- -10.12%
- YTD
- 3.84%
- 6M
- 8.44%
- 1Y
- 36.44%
- 3Y*
- 18.51%
- 5Y*
- —
- 10Y*
- —
VEMIX
- 1D
- -0.84%
- 1M
- -9.72%
- YTD
- -2.51%
- 6M
- -1.15%
- 1Y
- 19.17%
- 3Y*
- 12.50%
- 5Y*
- 3.40%
- 10Y*
- 7.32%
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DODEX vs. VEMIX - Expense Ratio Comparison
DODEX has a 0.70% expense ratio, which is higher than VEMIX's 0.10% expense ratio.
Return for Risk
DODEX vs. VEMIX — Risk / Return Rank
DODEX
VEMIX
DODEX vs. VEMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Emerging Markets Stock Fund (DODEX) and Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX). 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.
| DODEX | VEMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.28 | 1.24 | +1.04 |
Sortino ratioReturn per unit of downside risk | 2.84 | 1.70 | +1.14 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.24 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.53 | +1.26 |
Martin ratioReturn relative to average drawdown | 11.14 | 5.69 | +5.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DODEX | VEMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 1.24 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.33 | +0.05 |
Correlation
The correlation between DODEX and VEMIX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DODEX vs. VEMIX - Dividend Comparison
DODEX's dividend yield for the trailing twelve months is around 2.72%, less than VEMIX's 2.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODEX Dodge & Cox Emerging Markets Stock Fund | 2.72% | 2.83% | 1.94% | 1.92% | 1.93% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEMIX Vanguard Emerging Markets Stock Index Fund Institutional Shares | 2.76% | 2.77% | 3.17% | 3.51% | 4.09% | 2.61% | 1.90% | 3.23% | 2.89% | 2.33% | 2.55% | 2.51% |
Drawdowns
DODEX vs. VEMIX - Drawdown Comparison
The maximum DODEX drawdown since its inception was -37.01%, smaller than the maximum VEMIX drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for DODEX and VEMIX.
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Drawdown Indicators
| DODEX | VEMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.01% | -66.43% | +29.42% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | -11.09% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.04% | — |
Current DrawdownCurrent decline from peak | -10.97% | -11.05% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -13.20% | -16.08% | +2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.99% | -0.02% |
Volatility
DODEX vs. VEMIX - Volatility Comparison
Dodge & Cox Emerging Markets Stock Fund (DODEX) has a higher volatility of 7.14% compared to Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) at 6.36%. This indicates that DODEX's price experiences larger fluctuations and is considered to be riskier than VEMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DODEX | VEMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 6.36% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 10.71% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 15.25% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 15.18% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.72% | 16.37% | +0.35% |