EMXF vs. VEXC
EMXF (iShares ESG Advanced MSCI EM ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - EMXF tracks the MSCI Emerging Markets Choice ESG Screened 5% Issuer Capped Index while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. EMXF charges 0.16%/yr vs 0.07%/yr for VEXC.
Performance
EMXF vs. VEXC - Performance Comparison
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Returns By Period
In the year-to-date period, EMXF achieves a 24.76% return, which is significantly higher than VEXC's 20.21% return.
EMXF
- 1D
- -1.30%
- 1M
- 8.70%
- YTD
- 24.76%
- 6M
- 27.57%
- 1Y
- 47.21%
- 3Y*
- 21.67%
- 5Y*
- 7.15%
- 10Y*
- —
VEXC
- 1D
- -1.20%
- 1M
- 4.95%
- YTD
- 20.21%
- 6M
- 23.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMXF vs. VEXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMXF iShares ESG Advanced MSCI EM ETF | 24.76% | 4.40% |
VEXC Vanguard Emerging Markets Ex-China ETF | 20.21% | 4.80% |
Correlation
The correlation between EMXF 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
EMXF vs. VEXC — Risk / Return Rank
EMXF
VEXC
EMXF vs. VEXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI EM ETF (EMXF) 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.
| EMXF | VEXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.47 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | — | — |
| Martin ratioReturn relative to average drawdown | 14.56 | — | — |
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
| EMXF | VEXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 2.21 | -1.70 |
Drawdowns
EMXF vs. VEXC - Drawdown Comparison
The maximum EMXF drawdown since its inception was -33.13%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for EMXF and VEXC.
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Drawdown Indicators
| EMXF | VEXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.13% | -12.42% | -20.71% |
Max Drawdown (1Y)Largest decline over 1 year | -12.53% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | — | — |
Current DrawdownCurrent decline from peak | -1.30% | -1.20% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -12.02% | -2.23% | -9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | — | — |
Volatility
EMXF vs. VEXC - Volatility Comparison
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Volatility by Period
| EMXF | VEXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.10% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.13% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.60% | 18.89% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.15% | 18.89% | +3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.77% | 18.89% | +2.88% |
EMXF vs. VEXC - Expense Ratio Comparison
EMXF has a 0.16% 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
EMXF vs. VEXC - Dividend Comparison
EMXF's dividend yield for the trailing twelve months is around 2.75%, more than VEXC's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EMXF iShares ESG Advanced MSCI EM ETF | 2.75% | 3.43% | 2.92% | 2.25% | 2.42% | 1.87% | 0.41% |
VEXC Vanguard Emerging Markets Ex-China ETF | 0.74% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, EMXF 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 0.16% for EMXF.
EMXF has the higher dividend yield at 2.75%, compared with 0.74% for VEXC.
EMXF tracks MSCI Emerging Markets Choice ESG Screened 5% Issuer Capped Index, while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.16% for EMXF and 0.07% for VEXC.
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