VEIEX vs. VWO
Compare and contrast key facts about Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) and Vanguard FTSE Emerging Markets ETF (VWO).
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. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005. Both VEIEX and VWO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VEIEX or VWO.
Key characteristics
| VEIEX | VWO | |
|---|---|---|
| YTD Return | 12.48% | 12.13% |
| 1Y Return | 19.61% | 19.33% |
| 3Y Return (Ann) | -1.17% | -1.23% |
| 5Y Return (Ann) | 4.57% | 4.69% |
| 10Y Return (Ann) | 3.54% | 3.64% |
| Sharpe Ratio | 1.54 | 1.31 |
| Sortino Ratio | 2.20 | 1.90 |
| Omega Ratio | 1.27 | 1.24 |
| Calmar Ratio | 0.80 | 0.80 |
| Martin Ratio | 8.21 | 7.26 |
| Ulcer Index | 2.40% | 2.69% |
| Daily Std Dev | 12.81% | 14.95% |
| Max Drawdown | -65.96% | -67.68% |
| Current Drawdown | -9.70% | -9.74% |
Correlation
The correlation between VEIEX and VWO 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.
Performance
VEIEX vs. VWO - Performance Comparison
The year-to-date returns for both stocks are quite close, with VEIEX having a 12.48% return and VWO slightly lower at 12.13%. Both investments have delivered pretty close results over the past 10 years, with VEIEX having a 3.54% annualized return and VWO not far ahead at 3.64%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VEIEX vs. VWO - Expense Ratio Comparison
VEIEX has a 0.29% expense ratio, which is higher than VWO's 0.08% expense ratio.
Risk-Adjusted Performance
VEIEX vs. VWO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) and Vanguard FTSE Emerging Markets ETF (VWO). 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.
Dividends
VEIEX vs. VWO - Dividend Comparison
VEIEX's dividend yield for the trailing twelve months is around 2.44%, less than VWO's 2.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEIEX Vanguard Emerging Markets Stock Index Fund Investor Shares | 2.44% | 3.31% | 3.87% | 2.41% | 1.72% | 3.07% | 2.67% | 2.14% | 2.33% | 3.04% | 2.67% | 2.57% |
VWO Vanguard FTSE Emerging Markets ETF | 2.64% | 3.52% | 4.11% | 2.63% | 1.91% | 3.24% | 2.88% | 2.30% | 2.52% | 3.26% | 2.86% | 2.73% |
Drawdowns
VEIEX vs. VWO - Drawdown Comparison
The maximum VEIEX drawdown since its inception was -65.96%, roughly equal to the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for VEIEX and VWO. For additional features, visit the drawdowns tool.
Volatility
VEIEX vs. VWO - Volatility Comparison
The current volatility for Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) is 4.49%, while Vanguard FTSE Emerging Markets ETF (VWO) has a volatility of 5.08%. This indicates that VEIEX experiences smaller price fluctuations and is considered to be less risky than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.