VEMAX vs. IE00BFPM9N11.EUFUND
VEMAX (Vanguard Emerging Markets Stock Index Fund Admiral Shares) and IE00BFPM9N11.EUFUND (Vanguard Global Stock Index Fund Institutional Plus EUR Acc) are both mutual funds - VEMAX is a Emerging Markets Equities fund tracking the FTSE Emerging Markets All Cap China A Inclusion Index, while IE00BFPM9N11.EUFUND is a Global Equities fund managed by Vanguard. Over the past 10 years, VEMAX returned 8.79%/yr vs 12.96%/yr for IE00BFPM9N11.EUFUND. A 0.68 correlation means they provide meaningful diversification when combined. VEMAX charges 0.13%/yr vs 0.11%/yr for IE00BFPM9N11.EUFUND.
Performance
VEMAX vs. IE00BFPM9N11.EUFUND - Performance Comparison
Loading charts...
Different Trading Currencies
VEMAX is traded in USD, while IE00BFPM9N11.EUFUND is traded in EUR. To make them comparable, the IE00BFPM9N11.EUFUND values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with VEMAX having a 9.86% return and IE00BFPM9N11.EUFUND slightly higher at 9.98%. Over the past 10 years, VEMAX has underperformed IE00BFPM9N11.EUFUND with an annualized return of 8.79%, while IE00BFPM9N11.EUFUND has yielded a comparatively higher 12.96% annualized return.
VEMAX
- 1D
- 2.25%
- 1M
- -1.61%
- YTD
- 9.86%
- 6M
- 11.36%
- 1Y
- 25.51%
- 3Y*
- 16.48%
- 5Y*
- 4.76%
- 10Y*
- 8.79%
IE00BFPM9N11.EUFUND
- 1D
- -0.65%
- 1M
- 0.92%
- YTD
- 9.98%
- 6M
- 10.58%
- 1Y
- 25.51%
- 3Y*
- 20.71%
- 5Y*
- 11.67%
- 10Y*
- 12.96%
VEMAX vs. IE00BFPM9N11.EUFUND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares | 9.86% | 24.76% | 11.34% | 8.82% | -17.79% | 0.85% | 15.24% | 20.29% | -14.59% | 31.37% |
IE00BFPM9N11.EUFUND Vanguard Global Stock Index Fund Institutional Plus EUR Acc | 9.98% | 21.06% | 18.76% | 23.41% | -18.03% | 22.14% | 15.74% | 27.50% | -8.63% | 22.67% |
Correlation
The correlation between VEMAX and IE00BFPM9N11.EUFUND is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2013 | 0.68 |
The correlation between VEMAX and IE00BFPM9N11.EUFUND has been stable across timeframes, ranging from 0.63 to 0.68 - 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
VEMAX vs. IE00BFPM9N11.EUFUND — Risk / Return Rank
VEMAX
IE00BFPM9N11.EUFUND
VEMAX vs. IE00BFPM9N11.EUFUND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) and Vanguard Global Stock Index Fund Institutional Plus EUR Acc (IE00BFPM9N11.EUFUND). 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.
| VEMAX | IE00BFPM9N11.EUFUND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.40 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.79 | -0.64 |
| Martin ratioReturn relative to average drawdown | 7.83 | 12.54 | -4.71 |
Loading charts...
Drawdowns
VEMAX vs. IE00BFPM9N11.EUFUND - Drawdown Comparison
The maximum VEMAX drawdown since its inception was -66.45%, which is greater than IE00BFPM9N11.EUFUND's maximum drawdown of -34.23%. Use the drawdown chart below to compare losses from any high point for VEMAX and IE00BFPM9N11.EUFUND.
Loading charts...
Drawdown Indicators
| VEMAX | IE00BFPM9N11.EUFUND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.45% | -34.23% | -32.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -9.16% | -1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -15.78% | -16.28% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -32.46% | -26.00% | -6.46% |
Max Drawdown (10Y)Largest decline over 10 years | -36.11% | -34.23% | -1.88% |
Current DrawdownCurrent decline from peak | -3.60% | -0.65% | -2.95% |
Average DrawdownAverage peak-to-trough decline | -16.10% | -4.56% | -11.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.06% | +0.97% |
Volatility
VEMAX vs. IE00BFPM9N11.EUFUND - Volatility Comparison
Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) has a higher volatility of 6.17% compared to Vanguard Global Stock Index Fund Institutional Plus EUR Acc (IE00BFPM9N11.EUFUND) at 2.94%. This indicates that VEMAX's price experiences larger fluctuations and is considered to be riskier than IE00BFPM9N11.EUFUND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VEMAX | IE00BFPM9N11.EUFUND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 2.94% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 12.65% | 8.89% | +3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.97% | 11.28% | +3.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.50% | 15.36% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.49% | 15.89% | +0.60% |
VEMAX vs. IE00BFPM9N11.EUFUND - Expense Ratio Comparison
VEMAX has a 0.13% expense ratio, which is higher than IE00BFPM9N11.EUFUND's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VEMAX vs. IE00BFPM9N11.EUFUND - Dividend Comparison
VEMAX's dividend yield for the trailing twelve months is around 2.42%, while IE00BFPM9N11.EUFUND has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IE00BFPM9N11.EUFUND Vanguard Global Stock Index Fund Institutional Plus EUR Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares | 2.42% | 2.74% | 3.13% | 3.47% | 4.05% | 2.57% | 1.87% | 3.20% | 2.85% | 2.31% | 2.51% | 3.25% |
Frequently Asked Questions
VEMAX and IE00BFPM9N11.EUFUND have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for VEMAX and IE00BFPM9N11.EUFUND
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