VEMAX vs. SPY
Compare and contrast key facts about Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) and SPDR S&P 500 ETF (SPY).
VEMAX is managed by Vanguard. It was launched on Jun 23, 2006. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VEMAX or SPY.
Correlation
The correlation between VEMAX and SPY is 0.72, 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
VEMAX vs. SPY - Performance Comparison
Key characteristics
VEMAX:
0.65
SPY:
0.50
VEMAX:
1.00
SPY:
0.88
VEMAX:
1.13
SPY:
1.13
VEMAX:
0.56
SPY:
0.56
VEMAX:
1.93
SPY:
2.17
VEMAX:
5.32%
SPY:
4.85%
VEMAX:
15.74%
SPY:
20.02%
VEMAX:
-66.45%
SPY:
-55.19%
VEMAX:
-6.38%
SPY:
-7.65%
Returns By Period
In the year-to-date period, VEMAX achieves a 4.60% return, which is significantly higher than SPY's -3.42% return. Over the past 10 years, VEMAX has underperformed SPY with an annualized return of 3.58%, while SPY has yielded a comparatively higher 12.35% annualized return.
VEMAX
4.60%
9.93%
0.67%
10.20%
8.10%
3.58%
SPY
-3.42%
2.87%
-5.06%
9.87%
15.76%
12.35%
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VEMAX vs. SPY - Expense Ratio Comparison
VEMAX has a 0.14% expense ratio, which is higher than SPY's 0.09% 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%.
Risk-Adjusted Performance
VEMAX vs. SPY — Risk-Adjusted Performance Rank
VEMAX
SPY
VEMAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) and SPDR S&P 500 ETF (SPY). 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
VEMAX vs. SPY - Dividend Comparison
VEMAX's dividend yield for the trailing twelve months is around 3.01%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares | 3.01% | 3.12% | 3.46% | 4.05% | 2.57% | 1.87% | 3.19% | 2.85% | 2.30% | 2.51% | 3.25% | 2.86% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VEMAX vs. SPY - Drawdown Comparison
The maximum VEMAX drawdown since its inception was -66.45%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VEMAX and SPY. For additional features, visit the drawdowns tool.
Volatility
VEMAX vs. SPY - Volatility Comparison
The current volatility for Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) is 4.16%, while SPDR S&P 500 ETF (SPY) has a volatility of 7.48%. This indicates that VEMAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.