SCHE vs. VEXC

Last updated Jul 14, 2026

SCHE (Schwab Emerging Markets Equity ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - SCHE tracks the FTSE Emerging Index while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. With a 0.95 correlation, they move nearly in lockstep. SCHE charges 0.11%/yr vs 0.07%/yr for VEXC.

Performance

SCHE vs. VEXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Emerging Markets Equity ETF (SCHE) 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, SCHE achieves a 9.54% return, which is significantly lower than VEXC's 18.87% return.

SCHE

• 1D: -1.89%
• 1M: -0.87%
• 6M: 4.41%
• YTD: 9.54%
• 1Y: 22.13%
• 3Y*: 15.66%
• 5Y*: 5.20%
• 10Y*: 7.95%

VEXC

• 1D: -1.96%
• 1M: 0.09%
• 6M: 14.90%
• YTD: 18.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCHE vs. VEXC - Yearly Performance Comparison

	2026 (YTD)	2025
SCHE Schwab Emerging Markets Equity ETF	9.54%	0.24%
VEXC Vanguard Emerging Markets Ex-China ETF	18.87%	4.50%

Correlation

The correlation between SCHE and VEXC is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.95

Return for Risk

SCHE vs. VEXC — Risk / Return Rank

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

SCHE

SCHE Risk / Return Rank: 47
SCHE Sharpe Ratio Rank: 45
SCHE Sortino Ratio Rank: 43
SCHE Omega Ratio Rank: 46
SCHE Calmar Ratio Rank: 49
SCHE Martin Ratio Rank: 50

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.

SCHE vs. VEXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Emerging Markets Equity ETF (SCHE) 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.

	SCHE	VEXC	Difference
Sharpe ratio: Return per unit of total volatility	1.26	—	—
Sortino ratio: Return per unit of downside risk	1.79	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.97	—	—
Martin ratio: Return relative to average drawdown	6.75	—	—

Drawdowns

SCHE vs. VEXC - Drawdown Comparison

The maximum SCHE drawdown since its inception was -36.20%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for SCHE and VEXC.

Drawdown Indicators

	SCHE	VEXC	Difference
Max Drawdown Largest peak-to-trough decline	-36.20%	-12.42%	-23.78%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.20%	—	—
Current Drawdown Current decline from peak	-3.67%	-4.77%	+1.10%
Average Drawdown Average peak-to-trough decline	-12.53%	-2.33%	-10.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	—	—

Volatility

Volatility by Period

	SCHE	VEXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.61%	20.20%	-2.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.90%	20.20%	-2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.41%	20.20%	-0.79%

SCHE vs. VEXC - Expense Ratio Comparison

SCHE has a 0.11% expense ratio, which is higher than VEXC's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SCHE vs. VEXC - Dividend Comparison

SCHE's dividend yield for the trailing twelve months is around 2.66%, more than VEXC's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHE Schwab Emerging Markets Equity ETF	2.66%	2.88%	3.03%	3.83%	2.88%	2.86%	2.09%	3.27%	2.64%	2.31%	2.27%	2.50%
VEXC Vanguard Emerging Markets Ex-China ETF	1.45%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCHE and VEXC in my portfolio?

With a correlation of 0.95, SCHE and VEXC 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.

Which ETF is better, SCHE 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, SCHE or VEXC?

VEXC is cheaper with a 0.07% expense ratio, compared with 0.11% for SCHE.

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

SCHE has the higher dividend yield at 2.66%, compared with 1.45% for VEXC.

What is the main difference between SCHE and VEXC?

SCHE tracks FTSE Emerging Index, while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.11% for SCHE and 0.07% for VEXC.