PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VEMAX vs. VTRIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VEMAX vs. VTRIX

Last updated Jun 9, 2026

VEMAX (Vanguard Emerging Markets Stock Index Fund Admiral Shares) and VTRIX (Vanguard International Value Fund) are both mutual funds - VEMAX is a Emerging Markets Equities fund tracking the FTSE Emerging Markets All Cap China A Inclusion Index, while VTRIX is a Foreign Large Cap Equities fund managed by Vanguard. Over the past 10 years, VEMAX returned 8.27%/yr vs 8.98%/yr for VTRIX. Their correlation of 0.84 suggests significant overlap in exposure. VEMAX charges 0.13%/yr vs 0.36%/yr for VTRIX.

Performance

VEMAX vs. VTRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) and Vanguard International Value Fund (VTRIX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, VEMAX achieves a 8.61% return, which is significantly lower than VTRIX's 11.55% return. Over the past 10 years, VEMAX has underperformed VTRIX with an annualized return of 8.27%, while VTRIX has yielded a comparatively higher 8.98% annualized return.

VEMAX

1D
-3.39%
1M
-3.58%
YTD
8.61%
6M
9.77%
1Y
24.36%
3Y*
16.47%
5Y*
4.45%
10Y*
8.27%

VTRIX

1D
-2.34%
1M
-0.26%
YTD
11.55%
6M
14.18%
1Y
28.04%
3Y*
15.49%
5Y*
7.22%
10Y*
8.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VEMAX vs. VTRIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VEMAX
Vanguard Emerging Markets Stock Index Fund Admiral Shares		8.61%24.76%11.34%8.82%-17.79%0.85%15.24%20.29%-14.59%31.37%
VTRIX
Vanguard International Value Fund		11.55%29.87%0.86%16.13%-11.67%7.93%8.96%20.39%-14.52%27.98%

Correlation

The correlation between VEMAX and VTRIX is 0.75, 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

0.75

Correlation (3Y)
Calculated over the trailing 3-year period

0.80

Correlation (5Y)
Calculated over the trailing 5-year period

0.82

Correlation (10Y)
Calculated over the trailing 10-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Jun 26, 2006

0.84

The correlation between VEMAX and VTRIX has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.

VEMAX vs. VTRIX - Sectors Allocation Comparison

Sectors
VEMAX
VTRIX

Technology

29.6%
14.7%

Financial Services

19.5%
26.4%

Consumer Cyclical

10.7%
13.3%

Industrials

8.0%
13.3%

Basic Materials

8.0%
6.3%

Communication Services

7.1%
2.6%

Energy

4.6%
4.6%

Healthcare

3.9%
9.0%

Consumer Defensive

3.7%
8.0%

Utilities

2.9%
0.3%

Real Estate

2.2%
1.5%

Technology

VEMAX
29.6%
VTRIX
14.7%

Financial Services

VEMAX
19.5%
VTRIX
26.4%

Consumer Cyclical

VEMAX
10.7%
VTRIX
13.3%

Industrials

VEMAX
8.0%
VTRIX
13.3%

Basic Materials

VEMAX
8.0%
VTRIX
6.3%

Communication Services

VEMAX
7.1%
VTRIX
2.6%

Energy

VEMAX
4.6%
VTRIX
4.6%

Healthcare

VEMAX
3.9%
VTRIX
9.0%

Consumer Defensive

VEMAX
3.7%
VTRIX
8.0%

Utilities

VEMAX
2.9%
VTRIX
0.3%

Real Estate

VEMAX
2.2%
VTRIX
1.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Emerging Markets Stock Index Fund Admiral Shares

Vanguard International Value Fund

Often compared with VEMAX:
VEMAX vs. VWOVEMAX vs. VTMGXVEMAX vs. VFIAXVEMAX vs. FPADXVEMAX vs. FEMKXVEMAX vs. FSPSXVEMAX vs. VINEX
Often compared with VTRIX:
VTRIX vs. VWIGXVTRIX vs. RERGXVTRIX vs. EFVVTRIX vs. VTMGXVTRIX vs. VINEXVTRIX vs. DFVIXVTRIX vs. VIHAX

Return for Risk

VEMAX vs. VTRIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VEMAX
VEMAX Risk / Return Rank: 3737
Overall Rank
VEMAX Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
VEMAX Sortino Ratio Rank: 3434
Sortino Ratio Rank
VEMAX Omega Ratio Rank: 3737
Omega Ratio Rank
VEMAX Calmar Ratio Rank: 3838
Calmar Ratio Rank
VEMAX Martin Ratio Rank: 4040
Martin Ratio Rank
VTRIX
VTRIX Risk / Return Rank: 4848
Overall Rank
VTRIX Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
VTRIX Sortino Ratio Rank: 4747
Sortino Ratio Rank
VTRIX Omega Ratio Rank: 4949
Omega Ratio Rank
VTRIX Calmar Ratio Rank: 4747
Calmar Ratio Rank
VTRIX Martin Ratio Rank: 4646
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VEMAX vs. VTRIX - 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 International Value Fund (VTRIX). 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.

VEMAXVTRIXDifference
Sharpe ratioReturn per unit of total volatility
1.69
2.03

-0.34

Sortino ratioReturn per unit of downside risk
2.34
2.79

-0.45

Omega ratioGain probability vs. loss probability

1.31

1.37

-0.05

Calmar ratioReturn relative to maximum drawdown

2.26

2.50

-0.25

Martin ratioReturn relative to average drawdown

8.37

9.29

-0.92

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEMAX vs. VTRIX - Sharpe Ratio Comparison

The current VEMAX Sharpe Ratio is 1.69, which is comparable to the VTRIX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of VEMAX and VTRIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

VEMAXVTRIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.69

2.03

-0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.46

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

0.54

-0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.35

-0.07

Drawdowns

VEMAX vs. VTRIX - Drawdown Comparison

The maximum VEMAX drawdown since its inception was -66.45%, which is greater than VTRIX's maximum drawdown of -59.39%. Use the drawdown chart below to compare losses from any high point for VEMAX and VTRIX.

Loading charts...

Drawdown Indicators

VEMAXVTRIXDifference

Max Drawdown

Largest peak-to-trough decline

-66.45%

-59.39%

-7.06%

Max Drawdown (1Y)

Largest decline over 1 year

-11.05%

-11.42%

+0.37%

Max Drawdown (3Y)

Largest decline over 3 years

-15.78%

-16.78%

+1.00%

Max Drawdown (5Y)

Largest decline over 5 years

-32.55%

-27.62%

-4.93%

Max Drawdown (10Y)

Largest decline over 10 years

-36.11%

-38.26%

+2.15%

Current Drawdown

Current decline from peak

-4.70%

-2.93%

-1.77%

Average Drawdown

Average peak-to-trough decline

-16.11%

-13.88%

-2.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.97%

3.07%

-0.10%

Volatility

VEMAX vs. VTRIX - Volatility Comparison

Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) has a higher volatility of 5.77% compared to Vanguard International Value Fund (VTRIX) at 4.27%. This indicates that VEMAX's price experiences larger fluctuations and is considered to be riskier than VTRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

VEMAXVTRIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.77%

4.27%

+1.50%

Volatility (6M)

Calculated over the trailing 6-month period

12.39%

11.21%

+1.18%

Volatility (1Y)

Calculated over the trailing 1-year period

14.77%

14.08%

+0.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.45%

15.87%

-0.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.49%

16.57%

-0.08%

VEMAX vs. VTRIX - Expense Ratio Comparison

VEMAX has a 0.13% expense ratio, which is lower than VTRIX's 0.36% expense ratio.

Dividends

VEMAX vs. VTRIX - Dividend Comparison

VEMAX's dividend yield for the trailing twelve months is around 2.45%, less than VTRIX's 16.22% yield.

PositionTTM20252024202320222021202020192018201720162015
VEMAX
Vanguard Emerging Markets Stock Index Fund Admiral Shares		2.45%2.74%3.13%3.47%4.05%2.57%1.87%3.20%2.85%2.31%2.51%3.25%
VTRIX
Vanguard International Value Fund		16.22%18.10%8.53%2.78%2.75%4.35%1.58%2.96%6.24%1.86%2.29%2.13%

Frequently Asked Questions

VEMAX and VTRIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VEMAX has higher volatility (5.77%) compared to VTRIX (4.27%). In terms of maximum drawdown, VEMAX dropped -66.45% vs VTRIX's -59.39%.

VTRIX currently has the higher Sharpe Ratio (2.03 vs 1.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for VEMAX and VTRIX

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