VEMRX vs. SIVLX

Last updated Jun 3, 2026

VEMRX (Vanguard Emerging Markets Index Fund Institutional Plus Shares) and SIVLX (Seafarer Overseas Value Fund Institutional Class) are both Emerging Markets Equities funds. Over the past 5 years, VEMRX returned 5.16%/yr vs 10.03%/yr for SIVLX. A 0.74 correlation means they provide meaningful diversification when combined. VEMRX charges 0.08%/yr vs 1.05%/yr for SIVLX.

Performance

VEMRX vs. SIVLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX) and Seafarer Overseas Value Fund Institutional Class (SIVLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEMRX achieves a 12.24% return, which is significantly higher than SIVLX's 9.60% return.

VEMRX

• 1D: 0.88%
• 1M: 2.84%
• YTD: 12.24%
• 6M: 13.64%
• 1Y: 31.00%
• 3Y*: 18.08%
• 5Y*: 5.16%
• 10Y*: 8.93%

SIVLX

• 1D: 0.00%
• 1M: -0.59%
• YTD: 9.60%
• 6M: 10.93%
• 1Y: 30.03%
• 3Y*: 16.13%
• 5Y*: 10.03%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VEMRX vs. SIVLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEMRX Vanguard Emerging Markets Index Fund Institutional Plus Shares	12.24%	24.84%	11.40%	8.88%	-17.74%	0.92%	15.29%	20.39%	-14.55%	30.32%
SIVLX Seafarer Overseas Value Fund Institutional Class	9.60%	37.79%	-3.34%	13.38%	-0.74%	10.05%	4.05%	21.98%	-13.91%	23.02%

Correlation

The correlation between VEMRX and SIVLX is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.74

The correlation between VEMRX and SIVLX has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.

Return for Risk

VEMRX vs. SIVLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VEMRX

VEMRX Risk / Return Rank: 53
VEMRX Sharpe Ratio Rank: 57
VEMRX Sortino Ratio Rank: 53
VEMRX Omega Ratio Rank: 55
VEMRX Calmar Ratio Rank: 51
VEMRX Martin Ratio Rank: 50

SIVLX

SIVLX Risk / Return Rank: 61
SIVLX Sharpe Ratio Rank: 79
SIVLX Sortino Ratio Rank: 70
SIVLX Omega Ratio Rank: 79
SIVLX Calmar Ratio Rank: 40
SIVLX Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VEMRX vs. SIVLX - 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 Seafarer Overseas Value Fund Institutional Class (SIVLX). 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.

	VEMRX	SIVLX	Difference
Sharpe ratio Return per unit of total volatility	2.24	2.58	-0.34
Sortino ratio Return per unit of downside risk	3.09	3.50	-0.41
Omega ratio Gain probability vs. loss probability	1.41	1.52	-0.11
Calmar ratio Return relative to maximum drawdown	2.76	2.42	+0.35
Martin ratio Return relative to average drawdown	10.33	8.13	+2.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEMRX vs. SIVLX - Sharpe Ratio Comparison

The current VEMRX Sharpe Ratio is 2.24, which is comparable to the SIVLX Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of VEMRX and SIVLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VEMRX	SIVLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	2.58	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.86	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.79	-0.53

Drawdowns

VEMRX vs. SIVLX - Drawdown Comparison

The maximum VEMRX drawdown since its inception was -36.01%, which is greater than SIVLX's maximum drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for VEMRX and SIVLX.

Drawdown Indicators

	VEMRX	SIVLX	Difference
Max Drawdown Largest peak-to-trough decline	-36.01%	-33.09%	-2.92%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	-12.51%	+1.47%
Max Drawdown (3Y) Largest decline over 3 years	-15.74%	-12.51%	-3.23%
Max Drawdown (5Y) Largest decline over 5 years	-32.49%	-16.39%	-16.10%
Max Drawdown (10Y) Largest decline over 10 years	-36.01%	—	—
Current Drawdown Current decline from peak	-0.42%	-5.39%	+4.97%
Average Drawdown Average peak-to-trough decline	-12.83%	-5.60%	-7.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.71%	-0.76%

Volatility

VEMRX vs. SIVLX - Volatility Comparison

Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX) has a higher volatility of 4.81% compared to Seafarer Overseas Value Fund Institutional Class (SIVLX) at 3.79%. This indicates that VEMRX's price experiences larger fluctuations and is considered to be riskier than SIVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEMRX	SIVLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	3.79%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	10.36%	+1.36%
Volatility (1Y) Calculated over the trailing 1-year period	14.27%	12.05%	+2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.36%	11.76%	+3.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.46%	12.60%	+3.86%

VEMRX vs. SIVLX - Expense Ratio Comparison

VEMRX has a 0.08% expense ratio, which is lower than SIVLX's 1.05% expense ratio.

Dividends

VEMRX vs. SIVLX - Dividend Comparison

VEMRX's dividend yield for the trailing twelve months is around 2.41%, less than SIVLX's 4.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SIVLX Seafarer Overseas Value Fund Institutional Class	4.61%	5.05%	4.23%	2.93%	1.70%	3.56%	1.38%	3.06%	3.30%	3.41%	0.00%	0.00%
VEMRX Vanguard Emerging Markets Index Fund Institutional Plus Shares	2.41%	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

Can I hold both VEMRX and SIVLX in my portfolio?

VEMRX and SIVLX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VEMRX or SIVLX?

VEMRX has higher volatility (4.81%) compared to SIVLX (3.79%). In terms of maximum drawdown, VEMRX dropped -36.01% vs SIVLX's -33.09%.

Which has better risk-adjusted returns?

SIVLX currently has the higher Sharpe Ratio (2.58 vs 2.24), 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.