EMIF vs. VEXC
EMIF (iShares Emerging Markets Infrastructure ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - EMIF tracks the S&P Emerging Markets Infrastructure Index while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. A 0.56 correlation means they provide meaningful diversification when combined. EMIF charges 0.75%/yr vs 0.07%/yr for VEXC.
Performance
EMIF vs. VEXC - Performance Comparison
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Returns By Period
In the year-to-date period, EMIF achieves a 1.74% return, which is significantly lower than VEXC's 20.21% return.
EMIF
- 1D
- -1.54%
- 1M
- -6.56%
- YTD
- 1.74%
- 6M
- 0.79%
- 1Y
- 21.17%
- 3Y*
- 11.48%
- 5Y*
- 4.93%
- 10Y*
- 2.36%
VEXC
- 1D
- -1.20%
- 1M
- 4.95%
- YTD
- 20.21%
- 6M
- 23.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMIF vs. VEXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMIF iShares Emerging Markets Infrastructure ETF | 1.74% | 6.82% |
VEXC Vanguard Emerging Markets Ex-China ETF | 20.21% | 4.80% |
Correlation
The correlation between EMIF and VEXC is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 3, 2025 | 0.56 |
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Return for Risk
EMIF vs. VEXC — Risk / Return Rank
EMIF
VEXC
EMIF vs. VEXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Infrastructure ETF (EMIF) 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.
| EMIF | VEXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | — | — |
| Martin ratioReturn relative to average drawdown | 4.92 | — | — |
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
| EMIF | VEXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 2.21 | -2.04 |
Drawdowns
EMIF vs. VEXC - Drawdown Comparison
The maximum EMIF drawdown since its inception was -48.02%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for EMIF and VEXC.
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Drawdown Indicators
| EMIF | VEXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.02% | -12.42% | -35.60% |
Max Drawdown (1Y)Largest decline over 1 year | -12.45% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.70% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.02% | — | — |
Current DrawdownCurrent decline from peak | -12.45% | -1.20% | -11.25% |
Average DrawdownAverage peak-to-trough decline | -15.91% | -2.23% | -13.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.31% | — | — |
Volatility
EMIF vs. VEXC - Volatility Comparison
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Volatility by Period
| EMIF | VEXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.41% | 18.89% | -3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.67% | 18.89% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.61% | 18.89% | +1.72% |
EMIF vs. VEXC - Expense Ratio Comparison
EMIF has a 0.75% expense ratio, which is higher than VEXC's 0.07% expense ratio.
Dividends
EMIF vs. VEXC - Dividend Comparison
EMIF's dividend yield for the trailing twelve months is around 4.87%, more than VEXC's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMIF iShares Emerging Markets Infrastructure ETF | 4.87% | 4.96% | 4.12% | 2.64% | 3.08% | 3.94% | 2.54% | 2.07% | 2.64% | 2.58% | 3.16% | 2.07% |
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% | 0.00% |
Frequently Asked Questions
EMIF and VEXC have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.75% for EMIF.
EMIF has the higher dividend yield at 4.87%, compared with 0.74% for VEXC.
EMIF tracks S&P Emerging Markets Infrastructure Index, while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.75% for EMIF and 0.07% for VEXC.
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