KEMX vs. VEXC
KEMX (KraneShares MSCI Emerging Markets ex China Index ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - KEMX tracks the MSCI Emerging Markets ex China Index while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. Their correlation of 0.91 means they have usually moved in the same direction. KEMX charges 0.25%/yr vs 0.07%/yr for VEXC.
Performance
KEMX vs. VEXC - Performance Comparison
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Returns By Period
In the year-to-date period, KEMX achieves a 30.22% return, which is significantly higher than VEXC's 17.98% return.
KEMX
- 1D
- 0.80%
- 1M
- -4.08%
- 6M
- 16.35%
- YTD
- 30.22%
- 1Y
- 56.00%
- 3Y*
- 25.12%
- 5Y*
- 12.08%
- 10Y*
- —
- ALL TIME*
- 12.50%
VEXC
- 1D
- 0.60%
- 1M
- -1.95%
- 6M
- 10.20%
- YTD
- 17.98%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $527.87K | $528.96K | $586.53K | |
| $2.18M | $2.18M | $2.89M |
KEMX vs. VEXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KEMX KraneShares MSCI Emerging Markets ex China Index ETF | 30.22% | 9.74% |
VEXC Vanguard Emerging Markets Ex-China ETF | 17.98% | 4.50% |
Correlation
The correlation between KEMX and VEXC is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025 | 0.91 |
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Return for Risk
KEMX vs. VEXC — Risk / Return Rank
KEMX
VEXC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KEMX vs. VEXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) 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.
| KEMX | VEXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | — | — |
| Martin ratioReturn relative to average drawdown | 10.97 | — | — |
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Drawdowns
KEMX vs. VEXC - Drawdown Comparison
The maximum KEMX drawdown since its inception was -38.80%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for KEMX and VEXC.
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Drawdown Indicators
| KEMX | VEXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -12.42% | -26.38% |
Max Drawdown (1Y)Largest decline over 1 year | -16.11% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.85% | — | — |
Current DrawdownCurrent decline from peak | -11.37% | -5.48% | -5.89% |
Average DrawdownAverage peak-to-trough decline | -8.82% | -2.62% | -6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | — | — |
Volatility
KEMX vs. VEXC - Volatility Comparison
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Volatility by Period
| KEMX | VEXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.60% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 24.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.99% | 20.39% | +6.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.41% | 20.39% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.51% | 20.39% | +1.12% |
KEMX vs. VEXC - Expense Ratio Comparison
KEMX has a 0.25% 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
KEMX vs. VEXC - Dividend Comparison
KEMX's dividend yield for the trailing twelve months is around 2.52%, more than VEXC's 1.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
KEMX KraneShares MSCI Emerging Markets ex China Index ETF | 2.52% | 3.28% | 3.39% | 2.00% | 4.10% | 4.79% | 1.69% | 2.77% |
VEXC Vanguard Emerging Markets Ex-China ETF | 1.46% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, KEMX 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 0.25% for KEMX.
KEMX has the higher dividend yield at 2.52%, compared with 1.46% for VEXC.
KEMX tracks MSCI Emerging Markets ex China Index, while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: CICC and Vanguard. Their fees differ too: 0.25% for KEMX and 0.07% for VEXC.
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