EMOP vs. VEXC

Last updated Jul 12, 2026

EMOP (AB Emerging Markets Opportunities ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds. EMOP is actively managed, while VEXC is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. EMOP charges 0.70%/yr vs 0.07%/yr for VEXC.

Performance

EMOP vs. VEXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Emerging Markets Opportunities ETF (EMOP) 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, EMOP achieves a 26.93% return, which is significantly higher than VEXC's 21.25% return.

EMOP

• 1D: -0.31%
• 1M: -1.96%
• 6M: 20.55%
• YTD: 26.93%
• 1Y: 44.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VEXC

• 1D: 0.77%
• 1M: 2.09%
• 6M: 18.28%
• YTD: 21.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMOP vs. VEXC - Yearly Performance Comparison

	2026 (YTD)	2025
EMOP AB Emerging Markets Opportunities ETF	26.93%	4.08%
VEXC Vanguard Emerging Markets Ex-China ETF	21.25%	4.50%

Correlation

The correlation between EMOP and VEXC is 0.87, 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	0.87

Return for Risk

EMOP vs. VEXC — Risk / Return Rank

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

EMOP

EMOP Risk / Return Rank: 78
EMOP Sharpe Ratio Rank: 80
EMOP Sortino Ratio Rank: 72
EMOP Omega Ratio Rank: 80
EMOP Calmar Ratio Rank: 81
EMOP Martin Ratio Rank: 80

VEXC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

EMOP vs. VEXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Emerging Markets Opportunities ETF (EMOP) 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.

	EMOP	VEXC	Difference
Sharpe ratio: Return per unit of total volatility	2.01	—	—
Sortino ratio: Return per unit of downside risk	2.59	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.43	—	—
Martin ratio: Return relative to average drawdown	12.30	—	—

Drawdowns

EMOP vs. VEXC - Drawdown Comparison

The maximum EMOP drawdown since its inception was -12.88%, roughly equal to the maximum VEXC drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for EMOP and VEXC.

Drawdown Indicators

	EMOP	VEXC	Difference
Max Drawdown Largest peak-to-trough decline	-12.88%	-12.42%	-0.46%
Max Drawdown (1Y) Largest decline over 1 year	-12.88%	—	—
Current Drawdown Current decline from peak	-4.99%	-2.87%	-2.12%
Average Drawdown Average peak-to-trough decline	-2.12%	-2.32%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	—	—

Volatility

Volatility by Period

	EMOP	VEXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.00%	20.11%	+1.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.66%	20.11%	+1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.66%	20.11%	+1.55%

EMOP vs. VEXC - Expense Ratio Comparison

EMOP has a 0.70% expense ratio, which is higher than VEXC's 0.07% expense ratio.

Dividends

EMOP vs. VEXC - Dividend Comparison

EMOP's dividend yield for the trailing twelve months is around 1.17%, less than VEXC's 1.42% yield.

Position	TTM	2025
EMOP AB Emerging Markets Opportunities ETF	1.17%	0.27%
VEXC Vanguard Emerging Markets Ex-China ETF	1.42%	0.43%

Frequently Asked Questions

Can I hold both EMOP and VEXC in my portfolio?

EMOP and VEXC have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMOP 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, EMOP or VEXC?

VEXC is cheaper with a 0.07% expense ratio, compared with 0.70% for EMOP.

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

VEXC has the higher dividend yield at 1.42%, compared with 1.17% for EMOP.

What is the main difference between EMOP and VEXC?

They also come from different issuers: AllianceBernstein and Vanguard. Their fees differ too: 0.70% for EMOP and 0.07% for VEXC.