VEMIX vs. VWO
Compare and contrast key facts about Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) and Vanguard FTSE Emerging Markets ETF (VWO).
VEMIX is managed by Vanguard. It was launched on Jun 22, 2000. 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: VEMIX or VWO.
Key characteristics
| VEMIX | VWO | |
|---|---|---|
| YTD Return | 15.38% | 14.73% |
| 1Y Return | 23.47% | 23.16% |
| 3Y Return (Ann) | 0.28% | 0.04% |
| 5Y Return (Ann) | 4.84% | 4.74% |
| 10Y Return (Ann) | 3.94% | 3.93% |
| Sharpe Ratio | 1.79 | 1.48 |
| Sortino Ratio | 2.56 | 2.13 |
| Omega Ratio | 1.32 | 1.27 |
| Calmar Ratio | 0.92 | 0.88 |
| Martin Ratio | 9.70 | 8.41 |
| Ulcer Index | 2.32% | 2.62% |
| Daily Std Dev | 12.58% | 14.87% |
| Max Drawdown | -66.43% | -67.68% |
| Current Drawdown | -6.85% | -7.65% |
Correlation
The correlation between VEMIX and VWO is 0.93, 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.
Performance
VEMIX vs. VWO - Performance Comparison
The year-to-date returns for both stocks are quite close, with VEMIX having a 15.38% return and VWO slightly lower at 14.73%. Both investments have delivered pretty close results over the past 10 years, with VEMIX having a 3.94% annualized return and VWO not far behind at 3.93%. 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. VWO - Expense Ratio Comparison
VEMIX has a 0.10% 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%.
Risk-Adjusted Performance
VEMIX vs. VWO - 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 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
VEMIX vs. VWO - Dividend Comparison
VEMIX's dividend yield for the trailing twelve months is around 2.55%, less than VWO's 2.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEMIX Vanguard Emerging Markets Stock Index Fund Institutional Shares | 2.55% | 3.51% | 4.09% | 2.61% | 1.91% | 3.23% | 2.89% | 2.33% | 2.55% | 3.29% | 2.88% | 2.79% |
VWO Vanguard FTSE Emerging Markets ETF | 2.58% | 3.52% | 4.11% | 2.63% | 1.91% | 3.24% | 2.88% | 2.30% | 2.52% | 3.26% | 2.86% | 2.73% |
Drawdowns
VEMIX vs. VWO - Drawdown Comparison
The maximum VEMIX drawdown since its inception was -66.43%, roughly equal to the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for VEMIX and VWO. For additional features, visit the drawdowns tool.
Volatility
VEMIX vs. VWO - Volatility Comparison
The current volatility for Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) is 4.16%, while Vanguard FTSE Emerging Markets ETF (VWO) has a volatility of 4.90%. This indicates that VEMIX 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.