MFEM vs. VEXC
MFEM (PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - MFEM tracks the RAFI Dynamic Multi-Factor Emerging Market Index while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. Their correlation of 0.83 suggests significant overlap in exposure. MFEM charges 0.49%/yr vs 0.07%/yr for VEXC.
Performance
MFEM vs. VEXC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MFEM achieves a 31.49% return, which is significantly higher than VEXC's 20.21% return.
MFEM
- 1D
- -1.14%
- 1M
- 9.48%
- YTD
- 31.49%
- 6M
- 33.22%
- 1Y
- 54.64%
- 3Y*
- 23.28%
- 5Y*
- 8.84%
- 10Y*
- —
VEXC
- 1D
- -1.20%
- 1M
- 4.95%
- YTD
- 20.21%
- 6M
- 23.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MFEM vs. VEXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 31.49% | 3.60% |
VEXC Vanguard Emerging Markets Ex-China ETF | 20.21% | 4.80% |
Correlation
The correlation between MFEM and VEXC is 0.83, 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 | 0.83 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MFEM vs. VEXC — Risk / Return Rank
MFEM
VEXC
MFEM vs. VEXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) 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.
| MFEM | VEXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.53 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.27 | — | — |
| Martin ratioReturn relative to average drawdown | 15.72 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MFEM | VEXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.87 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 2.21 | -1.78 |
Drawdowns
MFEM vs. VEXC - Drawdown Comparison
The maximum MFEM drawdown since its inception was -43.32%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for MFEM and VEXC.
Loading charts...
Drawdown Indicators
| MFEM | VEXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.32% | -12.42% | -30.90% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.22% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.39% | — | — |
Current DrawdownCurrent decline from peak | -1.14% | -1.20% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -11.49% | -2.23% | -9.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | — | — |
Volatility
MFEM vs. VEXC - Volatility Comparison
Loading charts...
Volatility by Period
| MFEM | VEXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.47% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.92% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.11% | 18.89% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.60% | 18.89% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 18.89% | +0.51% |
MFEM vs. VEXC - Expense Ratio Comparison
MFEM has a 0.49% expense ratio, which is higher than VEXC's 0.07% expense ratio.
Dividends
MFEM vs. VEXC - Dividend Comparison
MFEM's dividend yield for the trailing twelve months is around 2.12%, more than VEXC's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 2.12% | 2.77% | 5.89% | 4.01% | 7.01% | 29.96% | 1.70% | 2.37% | 1.18% | 0.21% |
VEXC Vanguard Emerging Markets Ex-China ETF | 0.74% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MFEM and VEXC have a correlation of 0.83, 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 MFEM.
MFEM has the higher dividend yield at 2.12%, compared with 0.74% for VEXC.
MFEM tracks RAFI Dynamic Multi-Factor Emerging Market Index, while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: PIMCO and Vanguard. Their fees differ too: 0.49% for MFEM and 0.07% for VEXC.
Find the right allocation for MFEM and VEXC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer