EMMF vs. VEXC
EMMF (WisdomTree Emerging Markets Multifactor Fund) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds. EMMF is actively managed, while VEXC is passively managed. Their correlation of 0.88 suggests significant overlap in exposure. EMMF charges 0.48%/yr vs 0.07%/yr for VEXC.
Performance
EMMF vs. VEXC - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EMMF having a 17.19% return and VEXC slightly higher at 17.93%.
EMMF
- 1D
- -1.63%
- 1M
- -6.03%
- 6M
- 10.60%
- YTD
- 17.19%
- 1Y
- 29.60%
- 3Y*
- 18.20%
- 5Y*
- 9.65%
- 10Y*
- —
VEXC
- 1D
- -1.42%
- 1M
- -2.43%
- 6M
- 13.21%
- YTD
- 17.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMMF vs. VEXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMMF WisdomTree Emerging Markets Multifactor Fund | 17.19% | 3.25% |
VEXC Vanguard Emerging Markets Ex-China ETF | 17.93% | 4.50% |
Correlation
The correlation between EMMF and VEXC is 0.88, 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 2, 2025 | 0.88 |
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Return for Risk
EMMF vs. VEXC — Risk / Return Rank
EMMF
VEXC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EMMF vs. VEXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Multifactor Fund (EMMF) 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.
| EMMF | VEXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | — | — |
| Martin ratioReturn relative to average drawdown | 8.85 | — | — |
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Drawdowns
EMMF vs. VEXC - Drawdown Comparison
The maximum EMMF drawdown since its inception was -32.57%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for EMMF and VEXC.
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Drawdown Indicators
| EMMF | VEXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.57% | -12.42% | -20.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.62% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.02% | — | — |
Current DrawdownCurrent decline from peak | -9.55% | -5.52% | -4.03% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -2.37% | -5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | — | — |
Volatility
EMMF vs. VEXC - Volatility Comparison
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Volatility by Period
| EMMF | VEXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.81% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.56% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.10% | 20.12% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 20.12% | -4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.03% | 20.12% | -3.09% |
EMMF vs. VEXC - Expense Ratio Comparison
EMMF has a 0.48% expense ratio, which is higher than VEXC's 0.07% expense ratio.
Dividends
EMMF vs. VEXC - Dividend Comparison
EMMF's dividend yield for the trailing twelve months is around 2.02%, more than VEXC's 1.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EMMF WisdomTree Emerging Markets Multifactor Fund | 2.02% | 2.45% | 1.30% | 1.62% | 3.48% | 2.64% | 1.93% | 2.93% | 0.66% |
VEXC Vanguard Emerging Markets Ex-China ETF | 1.46% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMMF and VEXC have a correlation of 0.88, 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 0.48% for EMMF.
EMMF has the higher dividend yield at 2.02%, compared with 1.46% for VEXC.
They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.48% for EMMF and 0.07% for VEXC.
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