SNSXX vs. VEMAX

Last updated Jun 4, 2026

SNSXX (Schwab U.S. Treasury Money Fund) and VEMAX (Vanguard Emerging Markets Stock Index Fund Admiral Shares) are both mutual funds - SNSXX is a Money Market fund managed by Charles Schwab, while VEMAX is a Emerging Markets Equities fund managed by Vanguard. Over the past 5 years, SNSXX returned 1.38%/yr vs 5.62%/yr for VEMAX. At a correlation of -0.03, they often move in opposite directions. SNSXX charges 0.34%/yr vs 0.14%/yr for VEMAX.

Performance

SNSXX vs. VEMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Treasury Money Fund (SNSXX) and Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNSXX achieves a 1.40% return, which is significantly lower than VEMAX's 13.97% return.

SNSXX

• 1D: 0.00%
• 1M: 0.29%
• YTD: 1.40%
• 6M: 1.72%
• 1Y: 3.69%
• 3Y*: 2.32%
• 5Y*: 1.38%
• 10Y*: —

VEMAX

• 1D: 1.58%
• 1M: 4.22%
• YTD: 13.97%
• 6M: 15.57%
• 1Y: 32.68%
• 3Y*: 18.62%
• 5Y*: 5.62%
• 10Y*: 9.04%

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

SNSXX vs. VEMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SNSXX Schwab U.S. Treasury Money Fund	1.40%	3.97%	1.61%	0.00%	0.00%	0.00%
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares	13.97%	24.76%	11.34%	8.82%	-17.79%	-4.50%

Correlation

The correlation between SNSXX and VEMAX is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.05
Correlation (5Y) Calculated over the trailing 5-year period	-0.03
Correlation (All Time) Calculated using the full available price history since May 26, 2021	-0.03

Return for Risk

SNSXX vs. VEMAX — Risk / Return Rank

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

VEMAX

VEMAX Risk / Return Rank: 59
VEMAX Sharpe Ratio Rank: 62
VEMAX Sortino Ratio Rank: 57
VEMAX Omega Ratio Rank: 58
VEMAX Calmar Ratio Rank: 61
VEMAX Martin Ratio Rank: 56

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.

SNSXX vs. VEMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Treasury Money Fund (SNSXX) 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.

	SNSXX	VEMAX	Difference
Sharpe ratio: Return per unit of total volatility	3.71	2.31	+1.39
Sortino ratio: Return per unit of downside risk	—	3.18	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	3.00	—
Martin ratio: Return relative to average drawdown	—	11.18	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNSXX vs. VEMAX - Sharpe Ratio Comparison

The current SNSXX Sharpe Ratio is 3.71, which is higher than the VEMAX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of SNSXX and VEMAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SNSXX	VEMAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.71	2.31	+1.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.09	0.37	+1.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.08	0.30	+1.79

Drawdowns

SNSXX vs. VEMAX - Drawdown Comparison

The maximum SNSXX drawdown since its inception was 0.00%, smaller than the maximum VEMAX drawdown of -66.45%. Use the drawdown chart below to compare losses from any high point for SNSXX and VEMAX.

Drawdown Indicators

	SNSXX	VEMAX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-66.45%	+66.45%
Max Drawdown (1Y) Largest decline over 1 year	0.00%	-11.05%	+11.05%
Max Drawdown (3Y) Largest decline over 3 years	0.00%	-15.78%	+15.78%
Max Drawdown (5Y) Largest decline over 5 years	0.00%	-32.55%	+32.55%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.11%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	-16.12%	+16.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	2.96%	-2.96%

Volatility

SNSXX vs. VEMAX - Volatility Comparison

The current volatility for Schwab U.S. Treasury Money Fund (SNSXX) is 0.29%, while Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) has a volatility of 5.01%. This indicates that SNSXX experiences smaller price fluctuations and is considered to be less risky than VEMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNSXX	VEMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.29%	5.01%	-4.72%
Volatility (6M) Calculated over the trailing 6-month period	0.73%	11.80%	-11.07%
Volatility (1Y) Calculated over the trailing 1-year period	1.05%	14.31%	-13.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.68%	15.38%	-14.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.68%	16.46%	-15.78%

SNSXX vs. VEMAX - Expense Ratio Comparison

SNSXX has a 0.34% expense ratio, which is higher than VEMAX's 0.14% expense ratio.

Dividends

SNSXX vs. VEMAX - Dividend Comparison

SNSXX's dividend yield for the trailing twelve months is around 3.62%, more than VEMAX's 2.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SNSXX Schwab U.S. Treasury Money Fund	3.62%	3.88%	1.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares	2.34%	2.74%	3.13%	3.47%	4.05%	2.57%	1.87%	3.20%	2.85%	2.31%	2.51%	3.25%

Frequently Asked Questions

Can I hold both SNSXX and VEMAX in my portfolio?

SNSXX and VEMAX have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNSXX or VEMAX?

VEMAX has higher volatility (5.01%) compared to SNSXX (0.29%). In terms of maximum drawdown, SNSXX dropped 0.00% vs VEMAX's -66.45%.

Which has better risk-adjusted returns?

SNSXX currently has the higher Sharpe Ratio (3.71 vs 2.31), 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.