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VDI vs. KEMX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VDI vs. KEMX

Last updated Aug 1, 2026
Documentation

VDI (Virtus International Dividend ETF) and KEMX (KraneShares MSCI Emerging Markets ex China Index ETF) are both exchange-traded funds - VDI is a Foreign Large Cap Equities fund actively managed by Virtus, while KEMX is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index. VDI is actively managed, while KEMX is passively managed. Their 0.73 correlation means they have sometimes moved together and sometimes differently. VDI charges 0.39%/yr vs 0.25%/yr for KEMX.

Performance

VDI vs. KEMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus International Dividend ETF (VDI) and KraneShares MSCI Emerging Markets ex China Index ETF (KEMX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VDI achieves a 17.52% return, which is significantly lower than KEMX's 29.19% return.

VDI

1D
-0.40%
1M
2.41%
6M
10.60%
YTD
17.52%
1Y
—
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
—

KEMX

1D
0.26%
1M
-4.84%
6M
16.27%
YTD
29.19%
1Y
54.76%
3Y*
23.72%
5Y*
12.35%
10Y*
—
ALL TIME*
12.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

KEMX

KraneShares MSCI Emerging Markets ex China Index ETF
$479.51K$502.15K$570.21K

VDI

Virtus International Dividend ETF
$85.19K$45.68K$18.02K

VDI vs. KEMX - Yearly Performance Comparison

2026 (YTD)2025
VDI
Virtus International Dividend ETF		17.52%3.29%
KEMX
KraneShares MSCI Emerging Markets ex China Index ETF		29.19%4.27%

Correlation

The correlation between VDI and KEMX is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (All Time)
Calculated using the full available price history since Dec 3, 2025

0.73

VDI vs. KEMX - Sectors Allocation Comparison

Sectors
VDI
KEMX

Financial Services

35.7%
20.3%

Industrials

12.9%
7.5%

Technology

10.2%
46.4%

Energy

8.2%
3.6%

Utilities

6.1%
1.6%

Basic Materials

5.6%
7.3%

Healthcare

4.8%
1.5%

Consumer Defensive

4.4%
2.7%

Communication Services

1.9%
3.0%

Consumer Cyclical

1.8%
4.9%

Real Estate

1.3%
1.1%

Financial Services

VDI
35.7%
KEMX
20.3%

Industrials

VDI
12.9%
KEMX
7.5%

Technology

VDI
10.2%
KEMX
46.4%

Energy

VDI
8.2%
KEMX
3.6%

Utilities

VDI
6.1%
KEMX
1.6%

Basic Materials

VDI
5.6%
KEMX
7.3%

Healthcare

VDI
4.8%
KEMX
1.5%

Consumer Defensive

VDI
4.4%
KEMX
2.7%

Communication Services

VDI
1.9%
KEMX
3.0%

Consumer Cyclical

VDI
1.8%
KEMX
4.9%

Real Estate

VDI
1.3%
KEMX
1.1%

Compare stocks, funds, or ETFs

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

Virtus International Dividend ETF

KraneShares MSCI Emerging Markets ex China Index ETF

Often compared with VDI:
VDI vs. VUSVDI vs. KMIDVDI vs. SEIXVDI vs. VSHYVDI vs. ASMFVDI vs. NFLTVDI vs. VEU
Often compared with KEMX:
KEMX vs. XCEMKEMX vs. KLIPKEMX vs. KOKUKEMX vs. EMXCKEMX vs. VOOKEMX vs. SPYKEMX vs. STXE

Return for Risk

VDI vs. KEMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VDI

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

KEMX
KEMX Risk / Return Rank: 8383
Overall Rank
KEMX Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
KEMX Sortino Ratio Rank: 7979
Sortino Ratio Rank
KEMX Omega Ratio Rank: 8484
Omega Ratio Rank
KEMX Calmar Ratio Rank: 8686
Calmar Ratio Rank
KEMX Martin Ratio Rank: 8181
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.

VDI vs. KEMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus International Dividend ETF (VDI) and KraneShares MSCI Emerging Markets ex China Index ETF (KEMX). 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.

VDIKEMXDifference
Sharpe ratioReturn per unit of total volatility

—

2.01

—

Sortino ratioReturn per unit of downside risk

—

2.56

—

Omega ratioGain probability vs. loss probability

—

1.36

—

Calmar ratioReturn relative to maximum drawdown

—

3.37

—

Martin ratioReturn relative to average drawdown

—

10.68

—

VDI vs. KEMX - Sharpe Ratio Comparison

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Drawdowns

VDI vs. KEMX - Drawdown Comparison

The maximum VDI drawdown since its inception was -10.40%, smaller than the maximum KEMX drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for VDI and KEMX.

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Drawdown Indicators

VDIKEMXDifference

Max Drawdown

Largest peak-to-trough decline

-10.40%

-38.80%

+28.40%

Max Drawdown (1Y)

Largest decline over 1 year

—

-16.11%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-19.62%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-30.85%

—

Current Drawdown

Current decline from peak

-0.40%

-12.07%

+11.67%

Average Drawdown

Average peak-to-trough decline

-1.64%

-8.82%

+7.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

5.07%

—

Volatility

VDI vs. KEMX - Volatility Comparison

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Volatility by Period

VDIKEMXDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

9.57%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

24.95%

—

Volatility (1Y)

Calculated over the trailing 1-year period

16.30%

26.95%

-10.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.30%

19.41%

-3.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.30%

21.51%

-5.21%

VDI vs. KEMX - Expense Ratio Comparison

VDI has a 0.39% expense ratio, which is higher than KEMX's 0.25% expense ratio.

Dividends

VDI vs. KEMX - Dividend Comparison

VDI's dividend yield for the trailing twelve months is around 2.28%, less than KEMX's 2.54% yield.

PositionTTM2025202420232022202120202019
KEMX
KraneShares MSCI Emerging Markets ex China Index ETF		2.54%3.28%3.39%2.00%4.10%4.79%1.69%2.77%
VDI
Virtus International Dividend ETF		2.28%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

VDI and KEMX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, KEMX is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

KEMX is cheaper with a 0.25% expense ratio, compared with 0.39% for VDI.

KEMX has the higher dividend yield at 2.54%, compared with 2.28% for VDI.

VDI is categorized as Foreign Large Cap Equities, while KEMX is Emerging Markets Equities. They also come from different issuers: Virtus and CICC. Their fees differ too: 0.39% for VDI and 0.25% for KEMX.

Portfolio Optimizer

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