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STXE vs. VWO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

STXE vs. VWO

Last updated Aug 2, 2026
Documentation

STXE (Strive Emerging Markets Ex-China ETF) and VWO (Vanguard FTSE Emerging Markets ETF) are both Emerging Markets Equities funds - STXE tracks the Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross while VWO tracks the FTSE Emerging Index. Both are passively managed. Over the past 3 years, STXE returned 23.32%/yr vs 14.84%/yr for VWO. Their correlation of 0.81 means they have usually moved in the same direction. STXE charges 0.32%/yr vs 0.08%/yr for VWO.

Performance

STXE vs. VWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive Emerging Markets Ex-China ETF (STXE) and Vanguard FTSE Emerging Markets ETF (VWO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, STXE achieves a 31.48% return, which is significantly higher than VWO's 9.41% return.

STXE

1D
2.93%
1M
-5.07%
6M
18.30%
YTD
31.48%
1Y
56.34%
3Y*
23.32%
5Y*
—
10Y*
—
ALL TIME*
22.35%

VWO

1D
0.96%
1M
-0.49%
6M
4.16%
YTD
9.41%
1Y
21.69%
3Y*
14.84%
5Y*
6.08%
10Y*
7.86%
ALL TIME*
6.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

STXE

Strive Emerging Markets Ex-China ETF
$412.67K$566.81K$571.67K

VWO

Vanguard FTSE Emerging Markets ETF
$386.61M$469.40M$499.89M

STXE vs. VWO - Yearly Performance Comparison

2026 (YTD)202520242023
STXE
Strive Emerging Markets Ex-China ETF		31.48%34.23%2.09%12.38%
VWO
Vanguard FTSE Emerging Markets ETF		9.41%25.60%10.59%1.11%

Correlation

The correlation between STXE and VWO is 0.85, 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.

0.85

Correlation (3Y)
Balances recent behavior with more history.

0.81

Correlation (All Time)
Calculated using the full available price history since Jan 31, 2023

0.81

The correlation between STXE and VWO has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

STXE vs. VWO - Sectors Allocation Comparison

Sectors
STXE
VWO

Technology

40.3%
34.2%

Financial Services

15.7%
19.4%

Basic Materials

6.2%
7.2%

Industrials

5.0%
7.9%

Energy

3.5%
3.8%

Communication Services

3.2%
6.6%

Consumer Defensive

1.7%
3.3%

Consumer Cyclical

1.4%
9.1%

Utilities

1.1%
2.8%

Healthcare

0.6%
3.7%

Real Estate

0.4%
2.0%

Technology

STXE
40.3%
VWO
34.2%

Financial Services

STXE
15.7%
VWO
19.4%

Basic Materials

STXE
6.2%
VWO
7.2%

Industrials

STXE
5.0%
VWO
7.9%

Energy

STXE
3.5%
VWO
3.8%

Communication Services

STXE
3.2%
VWO
6.6%

Consumer Defensive

STXE
1.7%
VWO
3.3%

Consumer Cyclical

STXE
1.4%
VWO
9.1%

Utilities

STXE
1.1%
VWO
2.8%

Healthcare

STXE
0.6%
VWO
3.7%

Real Estate

STXE
0.4%
VWO
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Strive Emerging Markets Ex-China ETF

Vanguard FTSE Emerging Markets ETF

Often compared with STXE:
STXE vs. EWSSTXE vs. EMXCSTXE vs. EWYSTXE vs. SCHFSTXE vs. STXTSTXE vs. VEUSTXE vs. KEMX
Often compared with VWO:
VWO vs. VEAVWO vs. IEMGVWO vs. VXUSVWO vs. EEMVWO vs. VOOVWO vs. VTIVWO vs. VEMAX

Return for Risk

STXE vs. VWO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
STXE
STXE Risk / Return Rank: 7979
Overall Rank
STXE Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
STXE Sortino Ratio Rank: 7474
Sortino Ratio Rank
STXE Omega Ratio Rank: 8181
Omega Ratio Rank
STXE Calmar Ratio Rank: 7777
Calmar Ratio Rank
STXE Martin Ratio Rank: 7979
Martin Ratio Rank
VWO
VWO Risk / Return Rank: 5151
Overall Rank
VWO Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
VWO Sortino Ratio Rank: 4848
Sortino Ratio Rank
VWO Omega Ratio Rank: 4949
Omega Ratio Rank
VWO Calmar Ratio Rank: 5454
Calmar Ratio Rank
VWO Martin Ratio Rank: 5353
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

STXE vs. VWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive Emerging Markets Ex-China ETF (STXE) and Vanguard FTSE Emerging Markets ETF (VWO). 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.

STXEVWODifference
Sharpe ratioReturn per unit of total volatility
1.86
1.20

+0.66

Sortino ratioReturn per unit of downside risk
2.40
1.72

+0.68

Omega ratioGain probability vs. loss probability

1.34

1.22

+0.12

Calmar ratioReturn relative to maximum drawdown

2.73

1.89

+0.83

Martin ratioReturn relative to average drawdown

10.29

6.16

+4.13

STXE vs. VWO - Sharpe Ratio Comparison

The current STXE Sharpe Ratio is 1.86, which is higher than the VWO Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of STXE and VWO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

STXE vs. VWO - Drawdown Comparison

The maximum STXE drawdown since its inception was -20.38%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for STXE and VWO.

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Drawdown Indicators

STXEVWODifference

Max Drawdown

Largest peak-to-trough decline

-20.38%

-67.68%

+47.30%

Max Drawdown (1Y)

Largest decline over 1 year

-20.38%

-11.17%

-9.21%

Max Drawdown (3Y)

Largest decline over 3 years

-20.38%

-17.37%

-3.01%

Max Drawdown (5Y)

Largest decline over 5 years

—

-30.88%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.39%

—

Current Drawdown

Current decline from peak

-14.59%

-4.07%

-10.52%

Average Drawdown

Average peak-to-trough decline

-3.95%

-15.73%

+11.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.39%

3.43%

+1.96%

Volatility

STXE vs. VWO - Volatility Comparison

Strive Emerging Markets Ex-China ETF (STXE) has a higher volatility of 13.05% compared to Vanguard FTSE Emerging Markets ETF (VWO) at 5.58%. This indicates that STXE's price experiences larger fluctuations and is considered to be riskier than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

STXEVWODifference

Volatility (1M)

Calculated over the trailing 1-month period

13.05%

5.58%

+7.47%

Volatility (6M)

Calculated over the trailing 6-month period

28.09%

15.22%

+12.87%

Volatility (1Y)

Calculated over the trailing 1-year period

29.83%

17.58%

+12.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.17%

17.56%

+2.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.17%

19.17%

+1.00%

STXE vs. VWO - Expense Ratio Comparison

STXE has a 0.32% expense ratio, which is higher than VWO's 0.08% expense ratio.

Dividends

STXE vs. VWO - Dividend Comparison

STXE's dividend yield for the trailing twelve months is around 1.91%, less than VWO's 2.35% yield.

PositionTTM20252024202320222021202020192018201720162015
STXE
Strive Emerging Markets Ex-China ETF		1.91%2.66%3.22%1.08%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VWO
Vanguard FTSE Emerging Markets ETF		2.35%2.79%3.20%3.52%4.11%2.63%1.91%3.23%2.88%2.30%2.52%3.26%

Frequently Asked Questions

STXE and VWO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

STXE has higher volatility (13.05%) compared to VWO (5.58%). In terms of maximum drawdown, STXE dropped -20.38% vs VWO's -67.68%.

On 3-year performance, STXE leads with 23.32% vs 14.84% for VWO. On fees, VWO is cheaper at 0.08% per year. On volatility, VWO has been the lower-risk option at 5.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, STXE has performed better with a 23.32% return vs 14.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VWO is cheaper with a 0.08% expense ratio, compared with 0.32% for STXE.

VWO has the higher dividend yield at 2.35%, compared with 1.91% for STXE.

STXE tracks Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross, while VWO tracks FTSE Emerging Index. They also come from different issuers: Strive and Vanguard. Their fees differ too: 0.32% for STXE and 0.08% for VWO.

STXE currently has the higher Sharpe Ratio (1.86 vs 1.20), 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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