VEMPX vs. VFWPX
VEMPX (Vanguard Extended Market Index Fund Institutional Plus Shares) and VFWPX (Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares) are both mutual funds - VEMPX is a Mid Cap Blend Equities fund managed by Vanguard, while VFWPX is a Foreign Large Cap Equities fund managed by Vanguard. Over the past 10 years, VEMPX returned 12.10%/yr vs 10.00%/yr for VFWPX. A 0.76 correlation means they provide meaningful diversification when combined. VEMPX charges 0.04%/yr vs 0.06%/yr for VFWPX.
Performance
VEMPX vs. VFWPX - Performance Comparison
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Returns By Period
In the year-to-date period, VEMPX achieves a 13.78% return, which is significantly lower than VFWPX's 14.87% return. Over the past 10 years, VEMPX has outperformed VFWPX with an annualized return of 12.10%, while VFWPX has yielded a comparatively lower 10.00% annualized return.
VEMPX
- 1D
- -1.01%
- 1M
- 3.43%
- YTD
- 13.78%
- 6M
- 11.95%
- 1Y
- 28.76%
- 3Y*
- 19.76%
- 5Y*
- 6.56%
- 10Y*
- 12.10%
VFWPX
- 1D
- -0.79%
- 1M
- 3.91%
- YTD
- 14.87%
- 6M
- 17.36%
- 1Y
- 31.99%
- 3Y*
- 19.78%
- 5Y*
- 8.74%
- 10Y*
- 10.00%
VEMPX vs. VFWPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEMPX Vanguard Extended Market Index Fund Institutional Plus Shares | 13.78% | 11.43% | 15.50% | 26.98% | -26.45% | 12.48% | 32.24% | 28.06% | -9.35% | 18.13% |
VFWPX Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares | 14.87% | 32.40% | 5.48% | 15.63% | -15.47% | 8.13% | 11.40% | 21.59% | -13.95% | 27.28% |
Correlation
The correlation between VEMPX and VFWPX is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2010 | 0.76 |
The correlation between VEMPX and VFWPX has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.
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Return for Risk
VEMPX vs. VFWPX — Risk / Return Rank
VEMPX
VFWPX
VEMPX vs. VFWPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Market Index Fund Institutional Plus Shares (VEMPX) and Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares (VFWPX). 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.
| VEMPX | VFWPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.42 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.90 | -0.07 |
| Martin ratioReturn relative to average drawdown | 9.99 | 11.41 | -1.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VEMPX | VFWPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 2.28 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.58 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.62 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.42 | +0.13 |
Drawdowns
VEMPX vs. VFWPX - Drawdown Comparison
The maximum VEMPX drawdown since its inception was -41.62%, which is greater than VFWPX's maximum drawdown of -34.85%. Use the drawdown chart below to compare losses from any high point for VEMPX and VFWPX.
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Drawdown Indicators
| VEMPX | VFWPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.62% | -34.85% | -6.77% |
Max Drawdown (1Y)Largest decline over 1 year | -10.25% | -11.34% | +1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -26.83% | -13.27% | -13.56% |
Max Drawdown (5Y)Largest decline over 5 years | -36.32% | -29.35% | -6.97% |
Max Drawdown (10Y)Largest decline over 10 years | -41.62% | -34.85% | -6.77% |
Current DrawdownCurrent decline from peak | -1.01% | -0.79% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -7.94% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.88% | +0.01% |
Volatility
VEMPX vs. VFWPX - Volatility Comparison
Vanguard Extended Market Index Fund Institutional Plus Shares (VEMPX) and Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares (VFWPX) have volatilities of 4.83% and 4.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEMPX | VFWPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 4.96% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 12.09% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.21% | 14.41% | +2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.34% | 15.19% | +7.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.36% | 16.08% | +6.28% |
VEMPX vs. VFWPX - Expense Ratio Comparison
VEMPX has a 0.04% expense ratio, which is lower than VFWPX's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VEMPX vs. VFWPX - Dividend Comparison
VEMPX's dividend yield for the trailing twelve months is around 1.03%, less than VFWPX's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEMPX Vanguard Extended Market Index Fund Institutional Plus Shares | 1.03% | 1.15% | 1.11% | 1.27% | 1.17% | 1.15% | 1.09% | 1.32% | 1.68% | 1.27% | 1.46% | 1.39% |
VFWPX Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares | 2.61% | 3.10% | 3.26% | 3.33% | 3.12% | 3.08% | 2.01% | 3.12% | 3.30% | 2.70% | 3.00% | 2.99% |
Frequently Asked Questions
VEMPX and VFWPX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VFWPX has higher volatility (4.96%) compared to VEMPX (4.83%). In terms of maximum drawdown, VEMPX dropped -41.62% vs VFWPX's -34.85%.
VFWPX currently has the higher Sharpe Ratio (2.28 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.
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