MSMLX vs. VEMAX
Compare and contrast key facts about Matthews Emerging Markets Small Companies Fund (MSMLX) and Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX).
MSMLX is managed by Matthews Asia Funds. It was launched on Sep 14, 2008. VEMAX is managed by Vanguard. It was launched on Jun 23, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSMLX or VEMAX.
Key characteristics
| MSMLX | VEMAX | |
|---|---|---|
| YTD Return | -4.31% | 11.87% |
| 1Y Return | -6.80% | 17.28% |
| 3Y Return (Ann) | -9.45% | -1.23% |
| 5Y Return (Ann) | 7.08% | 4.46% |
| 10Y Return (Ann) | 1.64% | 3.64% |
| Sharpe Ratio | -0.31 | 1.48 |
| Sortino Ratio | -0.32 | 2.12 |
| Omega Ratio | 0.96 | 1.26 |
| Calmar Ratio | -0.18 | 0.82 |
| Martin Ratio | -1.09 | 7.79 |
| Ulcer Index | 4.48% | 2.44% |
| Daily Std Dev | 15.62% | 12.83% |
| Max Drawdown | -45.68% | -66.45% |
| Current Drawdown | -26.50% | -9.78% |
Correlation
The correlation between MSMLX and VEMAX is 0.79, 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.
Performance
MSMLX vs. VEMAX - Performance Comparison
In the year-to-date period, MSMLX achieves a -4.31% return, which is significantly lower than VEMAX's 11.87% return. Over the past 10 years, MSMLX has underperformed VEMAX with an annualized return of 1.64%, while VEMAX has yielded a comparatively higher 3.64% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MSMLX vs. VEMAX - Expense Ratio Comparison
MSMLX has a 1.37% expense ratio, which is higher than VEMAX's 0.14% expense ratio.
Risk-Adjusted Performance
MSMLX vs. VEMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Small Companies Fund (MSMLX) and Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX). 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.
Dividends
MSMLX vs. VEMAX - Dividend Comparison
MSMLX's dividend yield for the trailing twelve months is around 1.66%, less than VEMAX's 2.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSMLX Matthews Emerging Markets Small Companies Fund | 1.66% | 1.59% | 0.39% | 0.00% | 0.21% | 0.51% | 0.49% | 0.43% | 0.43% | 0.13% | 0.39% | 0.48% |
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares | 2.59% | 3.46% | 4.05% | 2.57% | 1.87% | 3.19% | 2.85% | 2.30% | 2.51% | 3.25% | 2.86% | 2.76% |
Drawdowns
MSMLX vs. VEMAX - Drawdown Comparison
The maximum MSMLX drawdown since its inception was -45.68%, smaller than the maximum VEMAX drawdown of -66.45%. Use the drawdown chart below to compare losses from any high point for MSMLX and VEMAX. For additional features, visit the drawdowns tool.
Volatility
MSMLX vs. VEMAX - Volatility Comparison
Matthews Emerging Markets Small Companies Fund (MSMLX) and Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) have volatilities of 4.06% and 4.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.