VEIEX vs. FEMSX
Compare and contrast key facts about Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) and Fidelity Series Emerging Markets Opportunities Fund (FEMSX).
VEIEX is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Markets All Cap China A Inclusion Index. It was launched on May 4, 1994. FEMSX is managed by Fidelity. It was launched on Dec 9, 2008.
Performance
VEIEX vs. FEMSX - Performance Comparison
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VEIEX vs. FEMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEIEX Vanguard Emerging Markets Stock Index Fund Investor Shares | -0.26% | 24.58% | 11.15% | 8.66% | -17.91% | 0.72% | 15.05% | 20.11% | -14.73% | 31.14% |
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 5.44% | 37.92% | 7.84% | 14.23% | -23.95% | -5.14% | 24.72% | 28.87% | -16.20% | 49.92% |
Returns By Period
In the year-to-date period, VEIEX achieves a -0.26% return, which is significantly lower than FEMSX's 5.44% return. Over the past 10 years, VEIEX has underperformed FEMSX with an annualized return of 7.36%, while FEMSX has yielded a comparatively higher 10.88% annualized return.
VEIEX
- 1D
- 2.35%
- 1M
- -6.43%
- YTD
- -0.26%
- 6M
- 0.31%
- 1Y
- 21.25%
- 3Y*
- 13.15%
- 5Y*
- 3.42%
- 10Y*
- 7.36%
FEMSX
- 1D
- 3.55%
- 1M
- -8.32%
- YTD
- 5.44%
- 6M
- 10.54%
- 1Y
- 38.82%
- 3Y*
- 19.32%
- 5Y*
- 4.35%
- 10Y*
- 10.88%
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VEIEX vs. FEMSX - Expense Ratio Comparison
VEIEX has a 0.29% expense ratio, which is higher than FEMSX's 0.01% expense ratio.
Return for Risk
VEIEX vs. FEMSX — Risk / Return Rank
VEIEX
FEMSX
VEIEX vs. FEMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) and Fidelity Series Emerging Markets Opportunities Fund (FEMSX). 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.
| VEIEX | FEMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 2.08 | -0.66 |
Sortino ratioReturn per unit of downside risk | 1.93 | 2.68 | -0.75 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.40 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.89 | -0.97 |
Martin ratioReturn relative to average drawdown | 7.00 | 11.41 | -4.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VEIEX | FEMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 2.08 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.23 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.57 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.50 | -0.19 |
Correlation
The correlation between VEIEX and FEMSX is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VEIEX vs. FEMSX - Dividend Comparison
VEIEX's dividend yield for the trailing twelve months is around 2.55%, more than FEMSX's 2.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEIEX Vanguard Emerging Markets Stock Index Fund Investor Shares | 2.55% | 2.59% | 2.97% | 3.32% | 3.87% | 2.41% | 1.72% | 3.07% | 2.67% | 2.14% | 2.33% | 3.04% |
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 2.32% | 2.45% | 2.08% | 2.82% | 2.39% | 12.83% | 2.99% | 2.48% | 9.42% | 8.98% | 1.46% | 1.27% |
Drawdowns
VEIEX vs. FEMSX - Drawdown Comparison
The maximum VEIEX drawdown since its inception was -66.47%, which is greater than FEMSX's maximum drawdown of -44.16%. Use the drawdown chart below to compare losses from any high point for VEIEX and FEMSX.
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Drawdown Indicators
| VEIEX | FEMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.47% | -44.16% | -22.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -13.42% | +2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -41.64% | +8.91% |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | -44.16% | +7.86% |
Current DrawdownCurrent decline from peak | -8.97% | -10.35% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -17.29% | -13.52% | -3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 3.40% | -0.36% |
Volatility
VEIEX vs. FEMSX - Volatility Comparison
The current volatility for Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) is 6.91%, while Fidelity Series Emerging Markets Opportunities Fund (FEMSX) has a volatility of 10.41%. This indicates that VEIEX experiences smaller price fluctuations and is considered to be less risky than FEMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEIEX | FEMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 10.41% | -3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 10.92% | 14.73% | -3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.41% | 19.16% | -3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 18.65% | -3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.39% | 19.13% | -2.74% |