RWEM vs. VEXC

Last updated Jul 12, 2026

RWEM (Rayliant Wilshire NxtGen Emerging Markets Equity ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - RWEM tracks the FT Wilshire Emerging Large NxtGen Index while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. At a 0.42 correlation, their price movements are largely independent. RWEM charges 0.52%/yr vs 0.07%/yr for VEXC.

Performance

RWEM vs. VEXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rayliant Wilshire NxtGen Emerging Markets Equity ETF (RWEM) and Vanguard Emerging Markets Ex-China ETF (VEXC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RWEM achieves a 16.03% return, which is significantly lower than VEXC's 21.25% return.

RWEM

• 1D: -1.30%
• 1M: -4.59%
• 6M: 13.25%
• YTD: 16.03%
• 1Y: 32.81%
• 3Y*: 19.70%
• 5Y*: —
• 10Y*: —

VEXC

• 1D: 0.77%
• 1M: 2.09%
• 6M: 18.28%
• YTD: 21.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RWEM vs. VEXC - Yearly Performance Comparison

	2026 (YTD)	2025
RWEM Rayliant Wilshire NxtGen Emerging Markets Equity ETF	16.03%	7.62%
VEXC Vanguard Emerging Markets Ex-China ETF	21.25%	4.50%

Correlation

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

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.42

Return for Risk

RWEM vs. VEXC — Risk / Return Rank

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

RWEM

RWEM Risk / Return Rank: 40
RWEM Sharpe Ratio Rank: 31
RWEM Sortino Ratio Rank: 32
RWEM Omega Ratio Rank: 35
RWEM Calmar Ratio Rank: 53
RWEM Martin Ratio Rank: 47

VEXC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

RWEM vs. VEXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant Wilshire NxtGen Emerging Markets Equity ETF (RWEM) 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.

	RWEM	VEXC	Difference
Sharpe ratio: Return per unit of total volatility	0.92	—	—
Sortino ratio: Return per unit of downside risk	1.43	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	2.14	—	—
Martin ratio: Return relative to average drawdown	6.26	—	—

Drawdowns

RWEM vs. VEXC - Drawdown Comparison

The maximum RWEM drawdown since its inception was -26.92%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for RWEM and VEXC.

Drawdown Indicators

	RWEM	VEXC	Difference
Max Drawdown Largest peak-to-trough decline	-26.92%	-12.42%	-14.50%
Max Drawdown (1Y) Largest decline over 1 year	-15.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.56%	—	—
Current Drawdown Current decline from peak	-10.39%	-2.87%	-7.52%
Average Drawdown Average peak-to-trough decline	-9.56%	-2.32%	-7.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.25%	—	—

Volatility

Volatility by Period

	RWEM	VEXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	35.91%	20.11%	+15.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.57%	20.11%	+2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.57%	20.11%	+2.46%

RWEM vs. VEXC - Expense Ratio Comparison

RWEM has a 0.52% expense ratio, which is higher than VEXC's 0.07% expense ratio.

Dividends

RWEM vs. VEXC - Dividend Comparison

RWEM's dividend yield for the trailing twelve months is around 1.85%, more than VEXC's 1.42% yield.

Position	TTM	2025	2024	2023	2022	2021
RWEM Rayliant Wilshire NxtGen Emerging Markets Equity ETF	1.85%	2.15%	3.59%	1.60%	5.59%	0.39%
VEXC Vanguard Emerging Markets Ex-China ETF	1.42%	0.43%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RWEM and VEXC in my portfolio?

RWEM and VEXC 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 ETF is better, RWEM or VEXC?

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.

Which ETF is cheaper, RWEM or VEXC?

VEXC is cheaper with a 0.07% expense ratio, compared with 0.52% for RWEM.

Which ETF pays a higher dividend yield, RWEM or VEXC?

RWEM has the higher dividend yield at 1.85%, compared with 1.42% for VEXC.

What is the main difference between RWEM and VEXC?

RWEM tracks FT Wilshire Emerging Large NxtGen Index, while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: Rayliant and Vanguard. Their fees differ too: 0.52% for RWEM and 0.07% for VEXC.