VEMAX vs. VWO
Compare and contrast key facts about Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) and Vanguard FTSE Emerging Markets ETF (VWO).
VEMAX is managed by Vanguard. It was launched on Jun 23, 2006. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VEMAX or VWO.
Performance
VEMAX vs. VWO - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with VEMAX having a 10.75% return and VWO slightly lower at 10.63%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: VEMAX at 3.58% and VWO at 3.58%.
VEMAX
10.75%
-4.77%
1.52%
15.59%
4.24%
3.58%
VWO
10.63%
-4.81%
1.20%
15.46%
4.26%
3.58%
Key characteristics
| VEMAX | VWO | |
|---|---|---|
| Sharpe Ratio | 1.15 | 0.96 |
| Sortino Ratio | 1.68 | 1.44 |
| Omega Ratio | 1.21 | 1.18 |
| Calmar Ratio | 0.63 | 0.61 |
| Martin Ratio | 5.76 | 5.01 |
| Ulcer Index | 2.53% | 2.85% |
| Daily Std Dev | 12.72% | 14.79% |
| Max Drawdown | -66.45% | -67.68% |
| Current Drawdown | -10.69% | -10.94% |
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VEMAX vs. VWO - Expense Ratio Comparison
VEMAX has a 0.14% expense ratio, which is higher than VWO's 0.08% 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 VWO is 0.94, 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. VWO - 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 Vanguard FTSE Emerging Markets ETF (VWO). 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. VWO - Dividend Comparison
VEMAX's dividend yield for the trailing twelve months is around 2.62%, less than VWO's 2.68% 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% |
VWO Vanguard FTSE Emerging Markets ETF | 2.68% | 3.52% | 4.11% | 2.63% | 1.91% | 3.24% | 2.88% | 2.30% | 2.52% | 3.26% | 2.86% | 2.73% |
Drawdowns
VEMAX vs. VWO - Drawdown Comparison
The maximum VEMAX drawdown since its inception was -66.45%, roughly equal to the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for VEMAX and VWO. For additional features, visit the drawdowns tool.
Volatility
VEMAX vs. VWO - Volatility Comparison
The current volatility for Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) is 4.00%, while Vanguard FTSE Emerging Markets ETF (VWO) has a volatility of 4.61%. This indicates that VEMAX experiences smaller price fluctuations and is considered to be less risky than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.