EMCR vs. VEXC

Last updated Jun 5, 2026

EMCR (Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - EMCR tracks the Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index - Benchmark TR Net while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. EMCR charges 0.15%/yr vs 0.07%/yr for VEXC.

Performance

EMCR vs. VEXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) 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, EMCR achieves a 22.13% return, which is significantly higher than VEXC's 20.48% return.

EMCR

• 1D: -0.87%
• 1M: 5.56%
• YTD: 22.13%
• 6M: 24.53%
• 1Y: 47.15%
• 3Y*: 23.37%
• 5Y*: 8.83%
• 10Y*: —

VEXC

• 1D: 0.23%
• 1M: 3.69%
• YTD: 20.48%
• 6M: 23.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMCR vs. VEXC - Yearly Performance Comparison

	2026 (YTD)	2025
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF	22.13%	1.57%
VEXC Vanguard Emerging Markets Ex-China ETF	20.48%	4.80%

Correlation

The correlation between EMCR and VEXC is 0.90, 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	0.90

Return for Risk

EMCR vs. VEXC — Risk / Return Rank

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

EMCR

EMCR Risk / Return Rank: 73
EMCR Sharpe Ratio Rank: 76
EMCR Sortino Ratio Rank: 71
EMCR Omega Ratio Rank: 75
EMCR Calmar Ratio Rank: 70
EMCR Martin Ratio Rank: 71

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.

EMCR vs. VEXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) 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.

	EMCR	VEXC	Difference
Sharpe ratio: Return per unit of total volatility	2.42	—	—
Sortino ratio: Return per unit of downside risk	3.17	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	3.42	—	—
Martin ratio: Return relative to average drawdown	13.08	—	—
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

	EMCR	VEXC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	2.23	-1.63

Drawdowns

EMCR vs. VEXC - Drawdown Comparison

The maximum EMCR drawdown since its inception was -34.28%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for EMCR and VEXC.

Drawdown Indicators

	EMCR	VEXC	Difference
Max Drawdown Largest peak-to-trough decline	-34.28%	-12.42%	-21.86%
Max Drawdown (1Y) Largest decline over 1 year	-13.84%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.28%	—	—
Current Drawdown Current decline from peak	-2.21%	-0.97%	-1.24%
Average Drawdown Average peak-to-trough decline	-9.33%	-2.22%	-7.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	—	—

Volatility

Volatility by Period

	EMCR	VEXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.62%	18.84%	+0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.29%	18.84%	+0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.86%	18.84%	+1.02%

EMCR vs. VEXC - Expense Ratio Comparison

EMCR has a 0.15% 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

EMCR vs. VEXC - Dividend Comparison

EMCR's dividend yield for the trailing twelve months is around 1.99%, more than VEXC's 0.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF	1.99%	2.43%	6.62%	1.95%	3.05%	1.83%	1.75%	3.15%	0.19%
VEXC Vanguard Emerging Markets Ex-China ETF	0.74%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMCR and VEXC in my portfolio?

With a correlation of 0.90, EMCR 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, EMCR 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, EMCR or VEXC?

VEXC is cheaper with a 0.07% expense ratio, compared with 0.15% for EMCR.

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

EMCR has the higher dividend yield at 1.99%, compared with 0.74% for VEXC.

What is the main difference between EMCR and VEXC?

EMCR tracks Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index - Benchmark TR Net, while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: Deutsche Bank and Vanguard. Their fees differ too: 0.15% for EMCR and 0.07% for VEXC.