VEIEX vs. PRMSX
Compare and contrast key facts about Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) and T. Rowe Price Emerging Markets Stock Fund (PRMSX).
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. PRMSX is managed by T. Rowe Price. It was launched on Mar 30, 1995.
Performance
VEIEX vs. PRMSX - Performance Comparison
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VEIEX vs. PRMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEIEX Vanguard Emerging Markets Stock Index Fund Investor Shares | -2.56% | 24.58% | 11.15% | 8.66% | -17.91% | 0.72% | 15.05% | 20.11% | -14.73% | 31.14% |
PRMSX T. Rowe Price Emerging Markets Stock Fund | -0.54% | 32.46% | -1.72% | 2.08% | -23.35% | -10.47% | 17.63% | 26.51% | -16.20% | 42.27% |
Returns By Period
In the year-to-date period, VEIEX achieves a -2.56% return, which is significantly lower than PRMSX's -0.54% return. Over the past 10 years, VEIEX has outperformed PRMSX with an annualized return of 7.11%, while PRMSX has yielded a comparatively lower 5.55% annualized return.
VEIEX
- 1D
- -0.84%
- 1M
- -9.75%
- YTD
- -2.56%
- 6M
- -1.25%
- 1Y
- 18.92%
- 3Y*
- 12.28%
- 5Y*
- 3.20%
- 10Y*
- 7.11%
PRMSX
- 1D
- -0.87%
- 1M
- -12.92%
- YTD
- -0.54%
- 6M
- 6.35%
- 1Y
- 28.19%
- 3Y*
- 7.79%
- 5Y*
- -2.20%
- 10Y*
- 5.55%
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VEIEX vs. PRMSX - Expense Ratio Comparison
VEIEX has a 0.29% expense ratio, which is lower than PRMSX's 1.20% expense ratio.
Return for Risk
VEIEX vs. PRMSX — Risk / Return Rank
VEIEX
PRMSX
VEIEX vs. PRMSX - 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 T. Rowe Price Emerging Markets Stock Fund (PRMSX). 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 | PRMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.54 | -0.32 |
Sortino ratioReturn per unit of downside risk | 1.68 | 2.03 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.91 | -0.40 |
Martin ratioReturn relative to average drawdown | 5.60 | 7.89 | -2.29 |
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 | PRMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.54 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | -0.13 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.30 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.33 | -0.02 |
Correlation
The correlation between VEIEX and PRMSX is 0.93, 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. PRMSX - Dividend Comparison
VEIEX's dividend yield for the trailing twelve months is around 2.61%, more than PRMSX's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEIEX Vanguard Emerging Markets Stock Index Fund Investor Shares | 2.61% | 2.59% | 2.97% | 3.32% | 3.87% | 2.41% | 1.72% | 3.07% | 2.67% | 2.14% | 2.33% | 3.04% |
PRMSX T. Rowe Price Emerging Markets Stock Fund | 0.57% | 0.57% | 0.35% | 1.09% | 1.17% | 8.26% | 0.49% | 1.24% | 0.61% | 0.18% | 0.69% | 0.56% |
Drawdowns
VEIEX vs. PRMSX - Drawdown Comparison
The maximum VEIEX drawdown since its inception was -66.47%, smaller than the maximum PRMSX drawdown of -71.13%. Use the drawdown chart below to compare losses from any high point for VEIEX and PRMSX.
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Drawdown Indicators
| VEIEX | PRMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.47% | -71.13% | +4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -13.56% | +2.46% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -43.24% | +10.51% |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | -46.28% | +9.98% |
Current DrawdownCurrent decline from peak | -11.06% | -17.96% | +6.90% |
Average DrawdownAverage peak-to-trough decline | -17.29% | -21.21% | +3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 3.28% | -0.29% |
Volatility
VEIEX vs. PRMSX - Volatility Comparison
The current volatility for Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) is 6.39%, while T. Rowe Price Emerging Markets Stock Fund (PRMSX) has a volatility of 9.38%. This indicates that VEIEX experiences smaller price fluctuations and is considered to be less risky than PRMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEIEX | PRMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.39% | 9.38% | -2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 14.22% | -3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.27% | 18.16% | -2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 17.35% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 18.32% | -1.95% |