VEIEX vs. PEAFX
VEIEX (Vanguard Emerging Markets Stock Index Fund Investor Shares) and PEAFX (PIMCO RAE Emerging Markets Fund Class A) are both Emerging Markets Equities funds. VEIEX is passively managed, while PEAFX is actively managed. Over the past 10 years, VEIEX returned 7.40%/yr vs 9.35%/yr for PEAFX. Their correlation of 0.88 means they have usually moved in the same direction. VEIEX charges 0.29%/yr vs 1.10%/yr for PEAFX.
Performance
VEIEX vs. PEAFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VEIEX achieves a 7.68% return, which is significantly lower than PEAFX's 11.38% return. Over the past 10 years, VEIEX has underperformed PEAFX with an annualized return of 7.40%, while PEAFX has yielded a comparatively higher 9.35% annualized return.
VEIEX
- 1D
- 1.70%
- 1M
- -1.75%
- 6M
- 2.58%
- YTD
- 7.68%
- 1Y
- 19.76%
- 3Y*
- 13.49%
- 5Y*
- 5.61%
- 10Y*
- 7.40%
- ALL TIME*
- 6.48%
PEAFX
- 1D
- 2.23%
- 1M
- 2.64%
- 6M
- 1.34%
- YTD
- 11.38%
- 1Y
- 19.17%
- 3Y*
- 11.69%
- 5Y*
- 7.84%
- 10Y*
- 9.35%
- ALL TIME*
- 11.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VEIEX vs. PEAFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEIEX Vanguard Emerging Markets Stock Index Fund Investor Shares | 7.68% | 24.58% | 11.15% | 8.66% | -17.91% | 0.72% | 15.05% | 20.11% | -14.73% | 31.14% |
PEAFX PIMCO RAE Emerging Markets Fund Class A | 11.38% | 20.25% | 1.14% | 22.28% | -10.71% | 15.47% | 6.43% | 13.30% | -12.77% | 28.91% |
Correlation
The correlation between VEIEX and PEAFX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.88 |
The correlation between VEIEX and PEAFX has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VEIEX vs. PEAFX — Risk / Return Rank
VEIEX
PEAFX
VEIEX vs. PEAFX - 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 PIMCO RAE Emerging Markets Fund Class A (PEAFX). 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.
| VEIEX | PEAFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.61 | +0.02 |
| Martin ratioReturn relative to average drawdown | 5.45 | 4.12 | +1.32 |
Loading charts...
Drawdowns
VEIEX vs. PEAFX - Drawdown Comparison
The maximum VEIEX drawdown since its inception was -66.47%, which is greater than PEAFX's maximum drawdown of -47.18%. Use the drawdown chart below to compare losses from any high point for VEIEX and PEAFX.
Loading charts...
Drawdown Indicators
| VEIEX | PEAFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.47% | -47.18% | -19.29% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -9.98% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -15.84% | -22.22% | +6.38% |
Max Drawdown (5Y)Largest decline over 5 years | -30.82% | -26.16% | -4.66% |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | -47.18% | +10.88% |
Current DrawdownCurrent decline from peak | -5.44% | -5.74% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -17.14% | -10.11% | -7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 3.89% | -0.58% |
Volatility
VEIEX vs. PEAFX - Volatility Comparison
Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) and PIMCO RAE Emerging Markets Fund Class A (PEAFX) have volatilities of 5.22% and 5.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VEIEX | PEAFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 5.08% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 13.82% | 12.50% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 15.43% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.59% | 15.05% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 17.05% | -0.55% |
VEIEX vs. PEAFX - Expense Ratio Comparison
VEIEX has a 0.29% expense ratio, which is lower than PEAFX's 1.10% expense ratio.
Dividends
VEIEX vs. PEAFX - Dividend Comparison
VEIEX's dividend yield for the trailing twelve months is around 2.23%, less than PEAFX's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEAFX PIMCO RAE Emerging Markets Fund Class A | 2.67% | 2.97% | 1.01% | 4.01% | 11.33% | 9.19% | 7.05% | 2.48% | 11.05% | 8.07% | 2.59% | 0.00% |
VEIEX Vanguard Emerging Markets Stock Index Fund Investor Shares | 2.23% | 2.59% | 2.97% | 3.32% | 3.87% | 2.41% | 1.72% | 3.07% | 2.67% | 2.14% | 2.33% | 3.04% |
Frequently Asked Questions
VEIEX and PEAFX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEIEX has higher volatility (5.22%) compared to PEAFX (5.08%). In terms of maximum drawdown, VEIEX dropped -66.47% vs PEAFX's -47.18%.
VEIEX currently has the higher Sharpe Ratio (1.13 vs 1.04), 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.
Find the right allocation for VEIEX and PEAFX
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