JEMA vs. VEXC
JEMA (JPMorgan ActiveBuilders Emerging Markets Equity ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds. JEMA is actively managed, while VEXC is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. JEMA charges 0.39%/yr vs 0.07%/yr for VEXC.
Performance
JEMA vs. VEXC - Performance Comparison
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Returns By Period
In the year-to-date period, JEMA achieves a 31.42% return, which is significantly higher than VEXC's 20.21% return.
JEMA
- 1D
- -1.10%
- 1M
- 9.00%
- YTD
- 31.42%
- 6M
- 33.11%
- 1Y
- 63.06%
- 3Y*
- 24.84%
- 5Y*
- 7.20%
- 10Y*
- —
VEXC
- 1D
- -1.20%
- 1M
- 4.95%
- YTD
- 20.21%
- 6M
- 23.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEMA vs. VEXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF | 31.42% | 4.65% |
VEXC Vanguard Emerging Markets Ex-China ETF | 20.21% | 4.80% |
Correlation
The correlation between JEMA 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
JEMA vs. VEXC — Risk / Return Rank
JEMA
VEXC
JEMA vs. VEXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) 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.
| JEMA | VEXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.56 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.84 | — | — |
| Martin ratioReturn relative to average drawdown | 19.80 | — | — |
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
| JEMA | VEXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 2.21 | -1.81 |
Drawdowns
JEMA vs. VEXC - Drawdown Comparison
The maximum JEMA drawdown since its inception was -39.50%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for JEMA and VEXC.
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Drawdown Indicators
| JEMA | VEXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.50% | -12.42% | -27.08% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.11% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.45% | — | — |
Current DrawdownCurrent decline from peak | -1.10% | -1.20% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -17.04% | -2.23% | -14.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | — | — |
Volatility
JEMA vs. VEXC - Volatility Comparison
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Volatility by Period
| JEMA | VEXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.54% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.20% | 18.89% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.02% | 18.89% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 18.89% | +0.01% |
JEMA vs. VEXC - Expense Ratio Comparison
JEMA has a 0.39% expense ratio, which is higher than VEXC's 0.07% expense ratio.
Dividends
JEMA vs. VEXC - Dividend Comparison
JEMA's dividend yield for the trailing twelve months is around 2.23%, more than VEXC's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF | 2.23% | 2.93% | 2.44% | 2.95% | 2.69% | 1.54% |
VEXC Vanguard Emerging Markets Ex-China ETF | 0.74% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, JEMA 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 0.39% for JEMA.
JEMA has the higher dividend yield at 2.23%, compared with 0.74% for VEXC.
They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.39% for JEMA and 0.07% for VEXC.
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