EQLT vs. VEXC

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI Emerging Markets Quality Factor ETF (EQLT) and Vanguard Emerging Markets Ex-China ETF (VEXC).

EQLT and VEXC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQLT is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Quality Factor Select Index. It was launched on Sep 4, 2024. VEXC is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging ex China Index. It was launched on Sep 30, 2025. Both EQLT and VEXC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EQLT vs. VEXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets Quality Factor ETF (EQLT) and Vanguard Emerging Markets Ex-China ETF (VEXC). The values are adjusted to include any dividend payments, if applicable.

EQLT vs. VEXC - Yearly Performance Comparison

	2026 (YTD)	2025
EQLT iShares MSCI Emerging Markets Quality Factor ETF	4.18%	3.95%
VEXC Vanguard Emerging Markets Ex-China ETF	2.61%	4.80%

Returns By Period

In the year-to-date period, EQLT achieves a 4.18% return, which is significantly higher than VEXC's 2.61% return.

EQLT

• 1D: 3.39%
• 1M: -8.11%
• YTD: 4.18%
• 6M: 9.95%
• 1Y: 34.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VEXC

• 1D: 3.26%
• 1M: -8.07%
• YTD: 2.61%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EQLT vs. VEXC - Expense Ratio Comparison

EQLT has a 0.35% expense ratio, which is higher than VEXC's 0.07% expense ratio.

EQLT

iShares MSCI Emerging Markets Quality Factor ETF

VEXC

Vanguard Emerging Markets Ex-China ETF

Return for Risk

EQLT vs. VEXC — Risk / Return Rank

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

EQLT

EQLT Risk / Return Rank: 85
EQLT Sharpe Ratio Rank: 84
EQLT Sortino Ratio Rank: 85
EQLT Omega Ratio Rank: 82
EQLT Calmar Ratio Rank: 87
EQLT Martin Ratio Rank: 88

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.

EQLT vs. VEXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Quality Factor ETF (EQLT) 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.

	EQLT	VEXC	Difference
Sharpe ratio Return per unit of total volatility	1.70	—	—
Sortino ratio Return per unit of downside risk	2.32	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	2.79	—	—
Martin ratio Return relative to average drawdown	11.08	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EQLT	VEXC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.92	+0.29

Correlation

The correlation between EQLT and VEXC is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

EQLT vs. VEXC - Dividend Comparison

EQLT's dividend yield for the trailing twelve months is around 2.97%, more than VEXC's 0.86% yield.

	TTM	2025	2024
EQLT iShares MSCI Emerging Markets Quality Factor ETF	2.97%	3.10%	0.51%
VEXC Vanguard Emerging Markets Ex-China ETF	0.86%	0.43%	0.00%

Drawdowns

EQLT vs. VEXC - Drawdown Comparison

The maximum EQLT drawdown since its inception was -17.38%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for EQLT and VEXC.

Drawdown Indicators

	EQLT	VEXC	Difference
Max Drawdown Largest peak-to-trough decline	-17.38%	-12.42%	-4.96%
Max Drawdown (1Y) Largest decline over 1 year	-12.00%	—	—
Current Drawdown Current decline from peak	-9.01%	-9.57%	+0.56%
Average Drawdown Average peak-to-trough decline	-3.78%	-2.27%	-1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	—	—

Volatility

Volatility by Period

	EQLT	VEXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.38%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.20%	17.51%	+2.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.01%	17.51%	+1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.01%	17.51%	+1.50%