VEMRX vs. FXAIX
VEMRX (Vanguard Emerging Markets Index Fund Institutional Plus Shares) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - VEMRX is a Emerging Markets Equities fund managed by Vanguard, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, VEMRX returned 7.63%/yr vs 15.00%/yr for FXAIX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. VEMRX charges 0.08%/yr vs 0.02%/yr for FXAIX.
Performance
VEMRX vs. FXAIX - Performance Comparison
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Returns By Period
In the year-to-date period, VEMRX achieves a 7.83% return, which is significantly lower than FXAIX's 9.35% return. Over the past 10 years, VEMRX has underperformed FXAIX with an annualized return of 7.63%, while FXAIX has yielded a comparatively higher 15.00% annualized return.
VEMRX
- 1D
- 1.69%
- 1M
- -1.72%
- 6M
- 2.69%
- YTD
- 7.83%
- 1Y
- 20.01%
- 3Y*
- 13.74%
- 5Y*
- 5.83%
- 10Y*
- 7.63%
- ALL TIME*
- 4.08%
FXAIX
- 1D
- 1.66%
- 1M
- -0.56%
- 6M
- 7.79%
- YTD
- 9.35%
- 1Y
- 20.63%
- 3Y*
- 19.03%
- 5Y*
- 12.68%
- 10Y*
- 15.00%
- ALL TIME*
- 13.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VEMRX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEMRX Vanguard Emerging Markets Index Fund Institutional Plus Shares | 7.83% | 24.84% | 11.40% | 8.88% | -17.74% | 0.92% | 15.29% | 20.39% | -14.55% | 31.44% |
FXAIX Fidelity 500 Index Fund | 9.35% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Correlation
The correlation between VEMRX and FXAIX is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 4, 2011 | 0.69 |
The correlation between VEMRX and FXAIX shifts across timeframes, from 0.63 (5 years) to 0.73 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VEMRX vs. FXAIX — Risk / Return Rank
VEMRX
FXAIX
VEMRX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX) and Fidelity 500 Index Fund (FXAIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VEMRX | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.26 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.06 | -0.40 |
| Martin ratioReturn relative to average drawdown | 5.54 | 8.86 | -3.32 |
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Drawdowns
VEMRX vs. FXAIX - Drawdown Comparison
The maximum VEMRX drawdown since its inception was -36.01%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for VEMRX and FXAIX.
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Drawdown Indicators
| VEMRX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.01% | -33.79% | -2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.04% | -8.89% | -2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -15.74% | -18.76% | +3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -30.65% | -24.50% | -6.15% |
Max Drawdown (10Y)Largest decline over 10 years | -36.01% | -33.79% | -2.22% |
Current DrawdownCurrent decline from peak | -5.42% | -2.11% | -3.31% |
Average DrawdownAverage peak-to-trough decline | -12.73% | -3.77% | -8.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 2.07% | +1.23% |
Volatility
VEMRX vs. FXAIX - Volatility Comparison
Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX) has a higher volatility of 5.22% compared to Fidelity 500 Index Fund (FXAIX) at 3.44%. This indicates that VEMRX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEMRX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 3.44% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 13.81% | 10.09% | +3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 12.86% | +3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.59% | 17.03% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 18.07% | -1.57% |
VEMRX vs. FXAIX - Expense Ratio Comparison
VEMRX has a 0.08% expense ratio, which is higher than FXAIX'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%.
Dividends
VEMRX vs. FXAIX - Dividend Comparison
VEMRX's dividend yield for the trailing twelve months is around 2.40%, more than FXAIX's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.07% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
VEMRX Vanguard Emerging Markets Index Fund Institutional Plus Shares | 2.40% | 2.79% | 3.19% | 3.53% | 4.11% | 2.63% | 1.92% | 3.26% | 2.92% | 2.35% | 2.56% | 3.31% |
Frequently Asked Questions
VEMRX and FXAIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEMRX has higher volatility (5.22%) compared to FXAIX (3.44%). In terms of maximum drawdown, VEMRX dropped -36.01% vs FXAIX's -33.79%.
FXAIX currently has the higher Sharpe Ratio (1.43 vs 1.15), 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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