EMGF vs. VEXC
EMGF (iShares Edge MSCI Multifactor Emerging Markets ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - EMGF tracks the MSCI Emerging Markets Diversified Multiple-Factor Index while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. EMGF charges 0.45%/yr vs 0.07%/yr for VEXC.
Performance
EMGF vs. VEXC - Performance Comparison
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Returns By Period
In the year-to-date period, EMGF achieves a 30.01% return, which is significantly higher than VEXC's 20.21% return.
EMGF
- 1D
- -1.20%
- 1M
- 9.65%
- YTD
- 30.01%
- 6M
- 32.52%
- 1Y
- 55.31%
- 3Y*
- 26.88%
- 5Y*
- 10.38%
- 10Y*
- 11.48%
VEXC
- 1D
- -1.20%
- 1M
- 4.95%
- YTD
- 20.21%
- 6M
- 23.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMGF vs. VEXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF | 30.01% | 2.81% |
VEXC Vanguard Emerging Markets Ex-China ETF | 20.21% | 4.80% |
Correlation
The correlation between EMGF and VEXC is 0.91, 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 | 0.91 |
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Return for Risk
EMGF vs. VEXC — Risk / Return Rank
EMGF
VEXC
EMGF vs. VEXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) 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.
| EMGF | VEXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.51 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | — | — |
| Martin ratioReturn relative to average drawdown | 15.84 | — | — |
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
| EMGF | VEXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.78 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 2.21 | -1.65 |
Drawdowns
EMGF vs. VEXC - Drawdown Comparison
The maximum EMGF drawdown since its inception was -40.23%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for EMGF and VEXC.
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Drawdown Indicators
| EMGF | VEXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.23% | -12.42% | -27.81% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -17.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.23% | — | — |
Current DrawdownCurrent decline from peak | -1.20% | -1.20% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -10.05% | -2.23% | -7.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | — | — |
Volatility
EMGF vs. VEXC - Volatility Comparison
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Volatility by Period
| EMGF | VEXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.20% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.50% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.99% | 18.89% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 18.89% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.48% | 18.89% | +0.59% |
EMGF vs. VEXC - Expense Ratio Comparison
EMGF has a 0.45% expense ratio, which is higher than VEXC's 0.07% expense ratio.
Dividends
EMGF vs. VEXC - Dividend Comparison
EMGF's dividend yield for the trailing twelve months is around 1.94%, more than VEXC's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF | 1.94% | 2.52% | 3.42% | 5.94% | 4.04% | 2.48% | 1.95% | 2.63% | 2.73% | 1.94% | 2.04% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, EMGF 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.
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.
VEXC is cheaper with a 0.07% expense ratio, compared with 0.45% for EMGF.
EMGF has the higher dividend yield at 1.94%, compared with 0.74% for VEXC.
EMGF tracks MSCI Emerging Markets Diversified Multiple-Factor Index, while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.45% for EMGF and 0.07% for VEXC.
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