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.
Performance
VEMAX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, VEMAX achieves a 10.75% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, VEMAX has underperformed SPY with an annualized return of 3.58%, while SPY has yielded a comparatively higher 13.04% annualized return.
VEMAX
10.75%
-4.77%
1.52%
15.59%
4.24%
3.58%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| VEMAX | SPY | |
|---|---|---|
| Sharpe Ratio | 1.15 | 2.64 |
| Sortino Ratio | 1.68 | 3.53 |
| Omega Ratio | 1.21 | 1.49 |
| Calmar Ratio | 0.63 | 3.81 |
| Martin Ratio | 5.76 | 17.21 |
| Ulcer Index | 2.53% | 1.86% |
| Daily Std Dev | 12.72% | 12.15% |
| Max Drawdown | -66.45% | -55.19% |
| Current Drawdown | -10.69% | -2.17% |
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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%.
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.
Risk-Adjusted Performance
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 2.62%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares | 2.62% | 3.46% | 4.05% | 2.57% | 1.87% | 3.19% | 2.85% | 2.30% | 2.51% | 3.25% | 2.86% | 2.76% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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
Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.00% and 4.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.