VEMIX vs. VMMSX
Compare and contrast key facts about Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) and Vanguard Emerging Markets Select Stock Fund (VMMSX).
VEMIX is managed by Vanguard. It was launched on Jun 22, 2000. VMMSX is managed by Vanguard. It was launched on Jun 27, 2011.
Performance
VEMIX vs. VMMSX - Performance Comparison
Loading graphics...
VEMIX vs. VMMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEMIX Vanguard Emerging Markets Stock Index Fund Institutional Shares | -2.51% | 24.80% | 11.38% | 8.85% | -17.75% | 0.91% | 15.26% | 20.35% | -14.55% | 31.42% |
VMMSX Vanguard Emerging Markets Select Stock Fund | 0.57% | 35.68% | 5.91% | 10.58% | -18.15% | -1.40% | 15.79% | 21.42% | -12.53% | 32.01% |
Returns By Period
In the year-to-date period, VEMIX achieves a -2.51% return, which is significantly lower than VMMSX's 0.57% return. Over the past 10 years, VEMIX has underperformed VMMSX with an annualized return of 7.32%, while VMMSX has yielded a comparatively higher 8.74% annualized return.
VEMIX
- 1D
- -0.84%
- 1M
- -9.72%
- YTD
- -2.51%
- 6M
- -1.15%
- 1Y
- 19.17%
- 3Y*
- 12.50%
- 5Y*
- 3.40%
- 10Y*
- 7.32%
VMMSX
- 1D
- -1.12%
- 1M
- -12.19%
- YTD
- 0.57%
- 6M
- 5.25%
- 1Y
- 29.49%
- 3Y*
- 14.96%
- 5Y*
- 4.13%
- 10Y*
- 8.74%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VEMIX vs. VMMSX - Expense Ratio Comparison
VEMIX has a 0.10% expense ratio, which is lower than VMMSX's 0.84% expense ratio.
Return for Risk
VEMIX vs. VMMSX — Risk / Return Rank
VEMIX
VMMSX
VEMIX vs. VMMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) and Vanguard Emerging Markets Select Stock Fund (VMMSX). 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.
| VEMIX | VMMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.64 | -0.40 |
Sortino ratioReturn per unit of downside risk | 1.70 | 2.16 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.97 | -0.44 |
Martin ratioReturn relative to average drawdown | 5.69 | 7.99 | -2.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VEMIX | VMMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.64 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.24 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.48 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.26 | +0.07 |
Correlation
The correlation between VEMIX and VMMSX is 0.98, 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.
Dividends
VEMIX vs. VMMSX - Dividend Comparison
VEMIX's dividend yield for the trailing twelve months is around 2.76%, more than VMMSX's 2.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEMIX Vanguard Emerging Markets Stock Index Fund Institutional Shares | 2.76% | 2.77% | 3.17% | 3.51% | 4.09% | 2.61% | 1.90% | 3.23% | 2.89% | 2.33% | 2.55% | 2.51% |
VMMSX Vanguard Emerging Markets Select Stock Fund | 2.30% | 2.32% | 3.33% | 3.05% | 3.71% | 6.80% | 1.04% | 2.04% | 2.53% | 1.54% | 1.44% | 1.87% |
Drawdowns
VEMIX vs. VMMSX - Drawdown Comparison
The maximum VEMIX drawdown since its inception was -66.43%, which is greater than VMMSX's maximum drawdown of -39.28%. Use the drawdown chart below to compare losses from any high point for VEMIX and VMMSX.
Loading graphics...
Drawdown Indicators
| VEMIX | VMMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.43% | -39.28% | -27.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.09% | -13.46% | +2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -32.56% | -37.39% | +4.83% |
Max Drawdown (10Y)Largest decline over 10 years | -36.04% | -38.82% | +2.78% |
Current DrawdownCurrent decline from peak | -11.05% | -13.46% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -16.08% | -13.53% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 3.32% | -0.33% |
Volatility
VEMIX vs. VMMSX - Volatility Comparison
The current volatility for Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) is 6.36%, while Vanguard Emerging Markets Select Stock Fund (VMMSX) has a volatility of 8.14%. This indicates that VEMIX experiences smaller price fluctuations and is considered to be less risky than VMMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VEMIX | VMMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 8.14% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 10.71% | 12.78% | -2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.25% | 17.75% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 17.52% | -2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 18.27% | -1.90% |