PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
USD=X vs. VEMAX
Performance
Return for Risk
Drawdowns
Volatility

USD=X vs. VEMAX

Last updated Jun 14, 2026

USD=X (USD Cash) is a currency, while VEMAX (Vanguard Emerging Markets Stock Index Fund Admiral Shares) is Emerging Markets Equities fund tracking the FTSE Emerging Markets All Cap China A Inclusion Index. Over the past 10 years, USD=X returned 0.00%/yr vs 8.79%/yr for VEMAX.

Performance

USD=X vs. VEMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USD Cash (USD=X) and Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

USD=X

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
0.00%
3Y*
0.00%
5Y*
0.00%
10Y*
0.00%

VEMAX

1D
2.25%
1M
-1.61%
YTD
9.86%
6M
11.36%
1Y
25.51%
3Y*
16.48%
5Y*
4.76%
10Y*
8.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USD=X vs. VEMAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
USD=X
USD Cash		0.00%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		9.86%24.76%11.34%8.82%-17.79%0.85%15.24%20.29%-14.59%31.37%

Compare stocks, funds, or ETFs

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

USD Cash

Vanguard Emerging Markets Stock Index Fund Admiral Shares

Often compared with USD=X:
USD=X vs. UUPUSD=X vs. EUR=XUSD=X vs. XRP-USDUSD=X vs. BTC-USDUSD=X vs. QQQUSD=X vs. TSLAUSD=X vs. USDX
Often compared with VEMAX:
VEMAX vs. VWOVEMAX vs. VTMGXVEMAX vs. VFIAXVEMAX vs. FPADXVEMAX vs. FEMKXVEMAX vs. FSPSXVEMAX vs. VINEX

Return for Risk

USD=X vs. VEMAX — Risk / Return Rank

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

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

VEMAX
VEMAX Risk / Return Rank: 4747
Overall Rank
VEMAX Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
VEMAX Sortino Ratio Rank: 4646
Sortino Ratio Rank
VEMAX Omega Ratio Rank: 4848
Omega Ratio Rank
VEMAX Calmar Ratio Rank: 4747
Calmar Ratio Rank
VEMAX Martin Ratio Rank: 4545
Martin Ratio Rank
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.

USD=X vs. VEMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) 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.

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.

USD=XVEMAXDifference
Sharpe ratioReturn per unit of total volatility

—

1.59

—

Sortino ratioReturn per unit of downside risk

—

2.22

—

Omega ratioGain probability vs. loss probability

—

1.29

—

Calmar ratioReturn relative to maximum drawdown

—

2.15

—

Martin ratioReturn relative to average drawdown

—

7.83

—

USD=X vs. VEMAX - Sharpe Ratio Comparison

Loading charts...

Drawdowns

USD=X vs. VEMAX - Drawdown Comparison

The maximum USD=X 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 USD=X and VEMAX.

Loading charts...

Drawdown Indicators

USD=XVEMAXDifference

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%

-32.46%

+32.46%

Max Drawdown (10Y)

Largest decline over 10 years

0.00%

-36.11%

+36.11%

Current Drawdown

Current decline from peak

0.00%

-3.60%

+3.60%

Average Drawdown

Average peak-to-trough decline

0.00%

-16.10%

+16.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.00%

3.03%

-3.03%

Volatility

USD=X vs. VEMAX - Volatility Comparison

The current volatility for USD Cash (USD=X) is 0.00%, while Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) has a volatility of 6.17%. This indicates that USD=X 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.

Loading charts...

Volatility by Period

USD=XVEMAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

6.17%

-6.17%

Volatility (6M)

Calculated over the trailing 6-month period

0.00%

12.65%

-12.65%

Volatility (1Y)

Calculated over the trailing 1-year period

0.00%

14.97%

-14.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.00%

15.50%

-15.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.00%

16.49%

-16.49%

Frequently Asked Questions

VEMAX has higher volatility (6.17%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs VEMAX's -66.45%.

Portfolio Optimizer

Find the right allocation for USD=X and VEMAX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer