NEMIX vs. VYM

Last updated Jun 24, 2026

NEMIX (Neuberger Berman Emerging Markets Equity Fund) and VYM (Vanguard High Dividend Yield ETF) are both funds - NEMIX is a Emerging Markets Diversified fund managed by Neuberger Berman, while VYM is a Dividend fund tracking the FTSE High Dividend Yield Index. Over the past 10 years, NEMIX returned 7.40%/yr vs 11.98%/yr for VYM. A 0.59 correlation means they provide meaningful diversification when combined. NEMIX charges 1.23%/yr vs 0.04%/yr for VYM.

Performance

NEMIX vs. VYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Emerging Markets Equity Fund (NEMIX) and Vanguard High Dividend Yield ETF (VYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEMIX achieves a 3.09% return, which is significantly lower than VYM's 11.51% return. Over the past 10 years, NEMIX has underperformed VYM with an annualized return of 7.40%, while VYM has yielded a comparatively higher 11.98% annualized return.

NEMIX

• 1D: -0.94%
• 1M: -2.74%
• YTD: 3.09%
• 6M: 4.24%
• 1Y: 22.76%
• 3Y*: 16.97%
• 5Y*: 3.00%
• 10Y*: 7.40%

VYM

• 1D: -0.16%
• 1M: 0.26%
• YTD: 11.51%
• 6M: 10.83%
• 1Y: 24.08%
• 3Y*: 18.41%
• 5Y*: 11.88%
• 10Y*: 11.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NEMIX vs. VYM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEMIX Neuberger Berman Emerging Markets Equity Fund	3.09%	35.31%	12.87%	4.68%	-23.86%	-3.32%	13.31%	18.98%	-17.32%	41.62%
VYM Vanguard High Dividend Yield ETF	11.51%	15.42%	17.60%	6.57%	-0.43%	26.20%	1.15%	24.06%	-5.92%	16.42%

Correlation

The correlation between NEMIX and VYM is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Oct 8, 2008	0.60

The correlation between NEMIX and VYM shifts across timeframes, from 0.42 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NEMIX vs. VYM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NEMIX

NEMIX Risk / Return Rank: 32
NEMIX Sharpe Ratio Rank: 36
NEMIX Sortino Ratio Rank: 32
NEMIX Omega Ratio Rank: 35
NEMIX Calmar Ratio Rank: 31
NEMIX Martin Ratio Rank: 24

VYM

VYM Risk / Return Rank: 75
VYM Sharpe Ratio Rank: 76
VYM Sortino Ratio Rank: 79
VYM Omega Ratio Rank: 75
VYM Calmar Ratio Rank: 73
VYM Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NEMIX vs. VYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Emerging Markets Equity Fund (NEMIX) and Vanguard High Dividend Yield ETF (VYM). 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.

	NEMIX	VYM	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.33	-0.75
Sortino ratio: Return per unit of downside risk	2.19	3.33	-1.14
Omega ratio: Gain probability vs. loss probability	1.29	1.42	-0.13
Calmar ratio: Return relative to maximum drawdown	1.95	3.61	-1.66
Martin ratio: Return relative to average drawdown	5.33	13.43	-8.10

NEMIX vs. VYM - Sharpe Ratio Comparison

The current NEMIX Sharpe Ratio is 1.58, which is lower than the VYM Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of NEMIX and VYM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NEMIX vs. VYM - Drawdown Comparison

The maximum NEMIX drawdown since its inception was -41.28%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for NEMIX and VYM.

Drawdown Indicators

	NEMIX	VYM	Difference
Max Drawdown Largest peak-to-trough decline	-41.28%	-56.98%	+15.70%
Max Drawdown (1Y) Largest decline over 1 year	-11.66%	-6.69%	-4.97%
Max Drawdown (3Y) Largest decline over 3 years	-13.42%	-14.46%	+1.04%
Max Drawdown (5Y) Largest decline over 5 years	-37.93%	-15.84%	-22.09%
Max Drawdown (10Y) Largest decline over 10 years	-41.28%	-35.21%	-6.07%
Current Drawdown Current decline from peak	-9.78%	-1.28%	-8.50%
Average Drawdown Average peak-to-trough decline	-14.15%	-7.18%	-6.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.25%	1.80%	+2.45%

Volatility

NEMIX vs. VYM - Volatility Comparison

Neuberger Berman Emerging Markets Equity Fund (NEMIX) has a higher volatility of 4.60% compared to Vanguard High Dividend Yield ETF (VYM) at 3.02%. This indicates that NEMIX's price experiences larger fluctuations and is considered to be riskier than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NEMIX	VYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	3.02%	+1.58%
Volatility (6M) Calculated over the trailing 6-month period	11.42%	7.64%	+3.78%
Volatility (1Y) Calculated over the trailing 1-year period	14.43%	10.39%	+4.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.93%	13.93%	+2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.79%	16.32%	+0.47%

NEMIX vs. VYM - Expense Ratio Comparison

NEMIX has a 1.23% expense ratio, which is higher than VYM's 0.04% expense ratio.

Dividends

NEMIX vs. VYM - Dividend Comparison

NEMIX's dividend yield for the trailing twelve months is around 0.02%, less than VYM's 2.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEMIX Neuberger Berman Emerging Markets Equity Fund	0.02%	0.02%	0.14%	1.34%	0.44%	1.06%	0.36%	1.80%	1.00%	0.63%	0.52%	0.69%
VYM Vanguard High Dividend Yield ETF	2.30%	2.44%	2.74%	3.12%	3.01%	2.76%	3.18%	3.03%	3.40%	2.80%	2.91%	3.22%

Frequently Asked Questions

Can I hold both NEMIX and VYM in my portfolio?

NEMIX and VYM have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NEMIX or VYM?

NEMIX has higher volatility (4.60%) compared to VYM (3.02%). In terms of maximum drawdown, NEMIX dropped -41.28% vs VYM's -56.98%.

Which has better risk-adjusted returns?

VYM currently has the higher Sharpe Ratio (2.33 vs 1.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.