VEMAX vs. MSMLX
Compare and contrast key facts about Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) and Matthews Emerging Markets Small Companies Fund (MSMLX).
VEMAX is managed by Vanguard. It was launched on Jun 23, 2006. MSMLX is managed by Matthews. It was launched on Sep 14, 2008.
Performance
VEMAX vs. MSMLX - Performance Comparison
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VEMAX vs. MSMLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares | -2.51% | 24.76% | 11.34% | 8.82% | -17.79% | 0.85% | 15.24% | 20.29% | -14.59% | 31.37% |
MSMLX Matthews Emerging Markets Small Companies Fund | -0.43% | 13.50% | -6.10% | 20.04% | -16.78% | 26.40% | 43.69% | 17.38% | -17.80% | 30.43% |
Returns By Period
In the year-to-date period, VEMAX achieves a -2.51% return, which is significantly lower than MSMLX's -0.43% return. Over the past 10 years, VEMAX has underperformed MSMLX with an annualized return of 7.28%, while MSMLX has yielded a comparatively higher 9.25% annualized return.
VEMAX
- 1D
- -0.82%
- 1M
- -9.73%
- YTD
- -2.51%
- 6M
- -1.16%
- 1Y
- 19.13%
- 3Y*
- 12.46%
- 5Y*
- 3.36%
- 10Y*
- 7.28%
MSMLX
- 1D
- -1.87%
- 1M
- -12.08%
- YTD
- -0.43%
- 6M
- -1.97%
- 1Y
- 15.42%
- 3Y*
- 6.49%
- 5Y*
- 5.95%
- 10Y*
- 9.25%
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VEMAX vs. MSMLX - Expense Ratio Comparison
VEMAX has a 0.14% expense ratio, which is lower than MSMLX's 1.37% expense ratio.
Return for Risk
VEMAX vs. MSMLX — Risk / Return Rank
VEMAX
MSMLX
VEMAX vs. MSMLX - 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 Matthews Emerging Markets Small Companies Fund (MSMLX). 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.
| VEMAX | MSMLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 0.83 | +0.40 |
Sortino ratioReturn per unit of downside risk | 1.70 | 1.20 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 0.87 | +0.66 |
Martin ratioReturn relative to average drawdown | 5.69 | 2.85 | +2.83 |
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
| VEMAX | MSMLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.83 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.35 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.55 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.58 | -0.32 |
Correlation
The correlation between VEMAX and MSMLX is 0.78, 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
VEMAX vs. MSMLX - Dividend Comparison
VEMAX's dividend yield for the trailing twelve months is around 2.73%, more than MSMLX's 1.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares | 2.73% | 2.74% | 3.13% | 3.47% | 4.05% | 2.57% | 1.87% | 3.20% | 2.85% | 2.31% | 2.51% | 3.25% |
MSMLX Matthews Emerging Markets Small Companies Fund | 1.50% | 1.50% | 3.95% | 8.36% | 8.04% | 9.18% | 0.28% | 0.51% | 21.31% | 8.12% | 0.43% | 0.13% |
Drawdowns
VEMAX vs. MSMLX - Drawdown Comparison
The maximum VEMAX drawdown since its inception was -66.45%, which is greater than MSMLX's maximum drawdown of -36.40%. Use the drawdown chart below to compare losses from any high point for VEMAX and MSMLX.
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Drawdown Indicators
| VEMAX | MSMLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.45% | -36.40% | -30.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.08% | -12.89% | +1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -32.60% | -28.00% | -4.60% |
Max Drawdown (10Y)Largest decline over 10 years | -36.11% | -34.33% | -1.78% |
Current DrawdownCurrent decline from peak | -11.05% | -12.89% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -16.25% | -9.30% | -6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 3.93% | -0.94% |
Volatility
VEMAX vs. MSMLX - Volatility Comparison
The current volatility for Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) is 6.36%, while Matthews Emerging Markets Small Companies Fund (MSMLX) has a volatility of 8.16%. This indicates that VEMAX experiences smaller price fluctuations and is considered to be less risky than MSMLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEMAX | MSMLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 8.16% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 12.87% | -2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 17.61% | -2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 17.24% | -2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 16.83% | -0.46% |