FRDM vs. VEXC
FRDM (Freedom 100 Emerging Markets ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both exchange-traded funds - FRDM is a Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets Index, while VEXC is a Emerging Markets Equities fund tracking the FTSE Emerging ex China Index. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. FRDM charges 0.49%/yr vs 0.07%/yr for VEXC.
Performance
FRDM vs. VEXC - Performance Comparison
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Returns By Period
In the year-to-date period, FRDM achieves a 44.61% return, which is significantly higher than VEXC's 20.21% return.
FRDM
- 1D
- -1.30%
- 1M
- 17.06%
- YTD
- 44.61%
- 6M
- 53.16%
- 1Y
- 97.46%
- 3Y*
- 37.08%
- 5Y*
- 19.30%
- 10Y*
- —
VEXC
- 1D
- -1.20%
- 1M
- 4.95%
- YTD
- 20.21%
- 6M
- 23.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FRDM vs. VEXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FRDM Freedom 100 Emerging Markets ETF | 44.61% | 14.79% |
VEXC Vanguard Emerging Markets Ex-China ETF | 20.21% | 4.80% |
Correlation
The correlation between FRDM and VEXC is 0.90, 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 | 0.90 |
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Return for Risk
FRDM vs. VEXC — Risk / Return Rank
FRDM
VEXC
FRDM vs. VEXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Freedom 100 Emerging Markets ETF (FRDM) 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.
| FRDM | VEXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.67 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.81 | — | — |
| Martin ratioReturn relative to average drawdown | 23.37 | — | — |
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
| FRDM | VEXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.00 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 2.21 | -1.36 |
Drawdowns
FRDM vs. VEXC - Drawdown Comparison
The maximum FRDM drawdown since its inception was -40.49%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for FRDM and VEXC.
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Drawdown Indicators
| FRDM | VEXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.49% | -12.42% | -28.07% |
Max Drawdown (1Y)Largest decline over 1 year | -16.87% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.87% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.25% | — | — |
Current DrawdownCurrent decline from peak | -1.30% | -1.20% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -2.23% | -4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | — | — |
Volatility
FRDM vs. VEXC - Volatility Comparison
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Volatility by Period
| FRDM | VEXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.03% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 21.65% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.50% | 18.89% | +5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.80% | 18.89% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.77% | 18.89% | +3.88% |
FRDM vs. VEXC - Expense Ratio Comparison
FRDM has a 0.49% expense ratio, which is higher than VEXC's 0.07% expense ratio.
Dividends
FRDM vs. VEXC - Dividend Comparison
FRDM's dividend yield for the trailing twelve months is around 1.51%, more than VEXC's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FRDM Freedom 100 Emerging Markets ETF | 1.51% | 2.26% | 2.53% | 2.66% | 2.72% | 2.17% | 1.11% | 1.07% |
VEXC Vanguard Emerging Markets Ex-China ETF | 0.74% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FRDM and VEXC have a correlation of 0.90, 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 0.49% for FRDM.
FRDM has the higher dividend yield at 1.51%, compared with 0.74% for VEXC.
FRDM is categorized as Emerging Markets Diversified, while VEXC is Emerging Markets Equities. FRDM tracks Life + Liberty Freedom 100 Emerging Markets Index, while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: Freedom Funds and Vanguard. Their fees differ too: 0.49% for FRDM and 0.07% for VEXC.
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