VEMIX vs. VIIIX
Compare and contrast key facts about Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX).
VEMIX is managed by Vanguard. It was launched on Jun 22, 2000. VIIIX is managed by Vanguard. It was launched on Jul 7, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VEMIX or VIIIX.
Key characteristics
| VEMIX | VIIIX | |
|---|---|---|
| YTD Return | 14.69% | 26.91% |
| 1Y Return | 22.13% | 35.86% |
| 3Y Return (Ann) | -0.39% | 8.17% |
| 5Y Return (Ann) | 5.11% | 13.88% |
| 10Y Return (Ann) | 3.87% | 12.31% |
| Sharpe Ratio | 1.81 | 3.06 |
| Sortino Ratio | 2.58 | 4.07 |
| Omega Ratio | 1.32 | 1.57 |
| Calmar Ratio | 0.94 | 4.09 |
| Martin Ratio | 9.72 | 20.00 |
| Ulcer Index | 2.34% | 1.90% |
| Daily Std Dev | 12.59% | 12.36% |
| Max Drawdown | -66.43% | -55.18% |
| Current Drawdown | -7.41% | 0.00% |
Correlation
The correlation between VEMIX and VIIIX is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VEMIX vs. VIIIX - Performance Comparison
In the year-to-date period, VEMIX achieves a 14.69% return, which is significantly lower than VIIIX's 26.91% return. Over the past 10 years, VEMIX has underperformed VIIIX with an annualized return of 3.87%, while VIIIX has yielded a comparatively higher 12.31% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VEMIX vs. VIIIX - Expense Ratio Comparison
VEMIX has a 0.10% expense ratio, which is higher than VIIIX's 0.02% 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
VEMIX vs. VIIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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
VEMIX vs. VIIIX - Dividend Comparison
VEMIX's dividend yield for the trailing twelve months is around 2.57%, more than VIIIX's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEMIX Vanguard Emerging Markets Stock Index Fund Institutional Shares | 2.57% | 3.51% | 4.09% | 2.61% | 1.91% | 3.23% | 2.89% | 2.33% | 2.55% | 3.29% | 2.88% | 2.79% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 1.25% | 1.49% | 1.75% | 1.30% | 1.60% | 1.93% | 2.14% | 1.84% | 2.09% | 2.47% | 1.90% | 1.87% |
Drawdowns
VEMIX vs. VIIIX - Drawdown Comparison
The maximum VEMIX drawdown since its inception was -66.43%, which is greater than VIIIX's maximum drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for VEMIX and VIIIX. For additional features, visit the drawdowns tool.
Volatility
VEMIX vs. VIIIX - Volatility Comparison
Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) has a higher volatility of 4.15% compared to Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) at 3.89%. This indicates that VEMIX's price experiences larger fluctuations and is considered to be riskier than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.