RWCEX vs. VEMRX
RWCEX (Redwheel Global Emerging Equity Fund) and VEMRX (Vanguard Emerging Markets Index Fund Institutional Plus Shares) are both Emerging Markets Equities funds. Over the past 5 years, RWCEX returned 0.77%/yr vs 5.48%/yr for VEMRX. Their correlation of 0.88 means they have usually moved in the same direction. RWCEX charges 1.22%/yr vs 0.08%/yr for VEMRX.
Performance
RWCEX vs. VEMRX - Performance Comparison
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Returns By Period
In the year-to-date period, RWCEX achieves a -0.28% return, which is significantly lower than VEMRX's 6.04% return.
RWCEX
- 1D
- -1.30%
- 1M
- -5.74%
- 6M
- -12.74%
- YTD
- -0.28%
- 1Y
- 15.79%
- 3Y*
- 9.11%
- 5Y*
- 0.77%
- 10Y*
- —
- ALL TIME*
- 6.20%
VEMRX
- 1D
- -1.03%
- 1M
- -4.64%
- 6M
- -1.02%
- YTD
- 6.04%
- 1Y
- 16.29%
- 3Y*
- 13.19%
- 5Y*
- 5.48%
- 10Y*
- 7.49%
- ALL TIME*
- 3.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RWCEX vs. VEMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWCEX Redwheel Global Emerging Equity Fund | -0.28% | 40.13% | -1.85% | 5.59% | -24.47% | -5.10% | 34.62% | 23.99% | -27.36% | 41.23% |
VEMRX Vanguard Emerging Markets Index Fund Institutional Plus Shares | 6.04% | 24.84% | 11.40% | 8.88% | -17.74% | 0.92% | 15.29% | 20.39% | -14.55% | 31.44% |
Correlation
The correlation between RWCEX and VEMRX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.88 |
The correlation between RWCEX and VEMRX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
RWCEX vs. VEMRX — Risk / Return Rank
RWCEX
VEMRX
RWCEX vs. VEMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwheel Global Emerging Equity Fund (RWCEX) and Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX). 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.
| RWCEX | VEMRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.18 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.42 | -0.34 |
| Martin ratioReturn relative to average drawdown | 2.73 | 4.76 | -2.03 |
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Drawdowns
RWCEX vs. VEMRX - Drawdown Comparison
The maximum RWCEX drawdown since its inception was -46.08%, which is greater than VEMRX's maximum drawdown of -36.01%. Use the drawdown chart below to compare losses from any high point for RWCEX and VEMRX.
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Drawdown Indicators
| RWCEX | VEMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.08% | -36.01% | -10.07% |
Max Drawdown (1Y)Largest decline over 1 year | -14.62% | -11.04% | -3.58% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -15.74% | -5.66% |
Max Drawdown (5Y)Largest decline over 5 years | -39.58% | -30.65% | -8.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.01% | — |
Current DrawdownCurrent decline from peak | -14.50% | -6.99% | -7.51% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -12.73% | -7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 3.29% | +2.47% |
Volatility
RWCEX vs. VEMRX - Volatility Comparison
Redwheel Global Emerging Equity Fund (RWCEX) has a higher volatility of 6.46% compared to Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX) at 5.02%. This indicates that RWCEX's price experiences larger fluctuations and is considered to be riskier than VEMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWCEX | VEMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 5.02% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 13.72% | +4.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.33% | 15.91% | +5.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.08% | 15.58% | +5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.79% | 16.50% | +4.29% |
RWCEX vs. VEMRX - Expense Ratio Comparison
RWCEX has a 1.22% expense ratio, which is higher than VEMRX's 0.08% expense ratio.
Dividends
RWCEX vs. VEMRX - Dividend Comparison
RWCEX's dividend yield for the trailing twelve months is around 0.96%, less than VEMRX's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWCEX Redwheel Global Emerging Equity Fund | 0.96% | 0.96% | 1.27% | 0.68% | 0.54% | 16.01% | 0.24% | 0.49% | 0.14% | 1.47% | 0.00% | 0.00% |
VEMRX Vanguard Emerging Markets Index Fund Institutional Plus Shares | 2.44% | 2.79% | 3.19% | 3.53% | 4.11% | 2.63% | 1.92% | 3.26% | 2.92% | 2.35% | 2.56% | 3.31% |
Frequently Asked Questions
With a correlation of 0.92, RWCEX and VEMRX 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.
RWCEX has higher volatility (6.46%) compared to VEMRX (5.02%). In terms of maximum drawdown, RWCEX dropped -46.08% vs VEMRX's -36.01%.
VEMRX currently has the higher Sharpe Ratio (0.98 vs 0.74), 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.
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