VEMRX vs. VTV

Last updated Jun 23, 2026

VEMRX (Vanguard Emerging Markets Index Fund Institutional Plus Shares) and VTV (Vanguard Value ETF) are both funds - VEMRX is a Emerging Markets Equities fund managed by Vanguard, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Over the past 10 years, VEMRX returned 8.98%/yr vs 13.01%/yr for VTV. A 0.63 correlation means they provide meaningful diversification when combined. VEMRX charges 0.08%/yr vs 0.04%/yr for VTV.

Performance

VEMRX vs. VTV - 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 Vanguard Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEMRX achieves a 13.18% return, which is significantly lower than VTV's 15.12% return. Over the past 10 years, VEMRX has underperformed VTV with an annualized return of 8.98%, while VTV has yielded a comparatively higher 13.01% annualized return.

VEMRX

• 1D: 1.50%
• 1M: 3.23%
• YTD: 13.18%
• 6M: 13.84%
• 1Y: 31.02%
• 3Y*: 16.80%
• 5Y*: 5.85%
• 10Y*: 8.98%

VTV

• 1D: 0.99%
• 1M: 3.67%
• YTD: 15.12%
• 6M: 14.64%
• 1Y: 28.84%
• 3Y*: 18.88%
• 5Y*: 12.52%
• 10Y*: 13.01%

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

VEMRX vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEMRX Vanguard Emerging Markets Index Fund Institutional Plus Shares	13.18%	24.84%	11.40%	8.88%	-17.74%	0.92%	15.29%	20.39%	-14.55%	31.44%
VTV Vanguard Value ETF	15.12%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%

Correlation

The correlation between VEMRX and VTV is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Dec 13, 2010	0.63

The correlation between VEMRX and VTV shifts across timeframes, from 0.47 (3 years) to 0.63 (all time), reflecting how their relationship changes across market environments.

VEMRX vs. VTV - Sectors Allocation Comparison

Sectors	VEMRX	VTV
Technology	31.6%	16.4%
Financial Services	16.8%	21.5%
Consumer Cyclical	8.7%	4.0%
Basic Materials	7.0%	3.0%
Industrials	6.8%	13.9%
Communication Services	5.8%	3.1%
Energy	3.6%	7.4%
Healthcare	3.4%	14.1%
Consumer Defensive	3.1%	8.9%
Utilities	2.4%	4.8%
Real Estate	1.8%	2.7%

Return for Risk

VEMRX vs. VTV — 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: 53
VEMRX Sortino Ratio Rank: 50
VEMRX Omega Ratio Rank: 53
VEMRX Calmar Ratio Rank: 55
VEMRX Martin Ratio Rank: 51

VTV

VTV Risk / Return Rank: 87
VTV Sharpe Ratio Rank: 88
VTV Sortino Ratio Rank: 90
VTV Omega Ratio Rank: 86
VTV Calmar Ratio Rank: 86
VTV Martin Ratio Rank: 86

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. VTV - 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 Vanguard Value ETF (VTV). 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	VTV	Difference
Sharpe ratio: Return per unit of total volatility	1.98	2.79	-0.81
Sortino ratio: Return per unit of downside risk	2.73	3.97	-1.24
Omega ratio: Gain probability vs. loss probability	1.37	1.50	-0.13
Calmar ratio: Return relative to maximum drawdown	2.71	4.56	-1.85
Martin ratio: Return relative to average drawdown	9.89	17.20	-7.31

VEMRX vs. VTV - Sharpe Ratio Comparison

The current VEMRX Sharpe Ratio is 1.98, which is comparable to the VTV Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of VEMRX and VTV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VEMRX vs. VTV - Drawdown Comparison

The maximum VEMRX drawdown since its inception was -36.01%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for VEMRX and VTV.

Drawdown Indicators

	VEMRX	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-36.01%	-59.27%	+23.26%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	-6.35%	-4.69%
Max Drawdown (3Y) Largest decline over 3 years	-15.74%	-14.52%	-1.22%
Max Drawdown (5Y) Largest decline over 5 years	-32.41%	-17.04%	-15.37%
Max Drawdown (10Y) Largest decline over 10 years	-36.01%	-36.78%	+0.77%
Current Drawdown Current decline from peak	-0.73%	0.00%	-0.73%
Average Drawdown Average peak-to-trough decline	-12.79%	-7.85%	-4.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	1.68%	+1.35%

Volatility

VEMRX vs. VTV - Volatility Comparison

Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX) has a higher volatility of 6.11% compared to Vanguard Value ETF (VTV) at 3.32%. This indicates that VEMRX's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEMRX	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.11%	3.32%	+2.79%
Volatility (6M) Calculated over the trailing 6-month period	12.86%	7.82%	+5.04%
Volatility (1Y) Calculated over the trailing 1-year period	15.10%	10.39%	+4.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.52%	13.88%	+1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.50%	16.69%	-0.19%

VEMRX vs. VTV - Expense Ratio Comparison

VEMRX has a 0.08% expense ratio, which is higher than VTV's 0.04% 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. VTV - Dividend Comparison

VEMRX's dividend yield for the trailing twelve months is around 2.28%, more than VTV's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VEMRX Vanguard Emerging Markets Index Fund Institutional Plus Shares	2.28%	2.79%	3.19%	3.53%	4.11%	2.63%	1.92%	3.26%	2.92%	2.35%	2.56%	3.31%
VTV Vanguard Value ETF	1.82%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both VEMRX and VTV in my portfolio?

VEMRX and VTV have a correlation of 0.47, 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 VTV?

VEMRX has higher volatility (6.11%) compared to VTV (3.32%). In terms of maximum drawdown, VEMRX dropped -36.01% vs VTV's -59.27%.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.79 vs 1.98), 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.