VEXC vs. DVYE
VEXC (Vanguard Emerging Markets Ex-China ETF) and DVYE (iShares Emerging Markets Dividend ETF) are both Emerging Markets Equities funds - VEXC tracks the FTSE Emerging ex China Index while DVYE tracks the Dow Jones Emerging Markets Select Dividend Index (Net). Both are passively managed. A 0.71 correlation means they provide meaningful diversification when combined. VEXC charges 0.07%/yr vs 0.50%/yr for DVYE.
Performance
VEXC vs. DVYE - Performance Comparison
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Returns By Period
In the year-to-date period, VEXC achieves a 17.93% return, which is significantly higher than DVYE's 8.35% return.
VEXC
- 1D
- -1.42%
- 1M
- -2.43%
- 6M
- 13.21%
- YTD
- 17.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DVYE
- 1D
- -0.75%
- 1M
- -1.25%
- 6M
- 3.09%
- YTD
- 8.35%
- 1Y
- 20.63%
- 3Y*
- 19.37%
- 5Y*
- 5.36%
- 10Y*
- 6.59%
VEXC vs. DVYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VEXC Vanguard Emerging Markets Ex-China ETF | 17.93% | 4.50% |
DVYE iShares Emerging Markets Dividend ETF | 8.35% | 6.49% |
Correlation
The correlation between VEXC and DVYE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025 | 0.71 |
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Return for Risk
VEXC vs. DVYE — Risk / Return Rank
VEXC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DVYE
VEXC vs. DVYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Ex-China ETF (VEXC) and iShares Emerging Markets Dividend ETF (DVYE). 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.
| VEXC | DVYE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.24 | — |
| Martin ratioReturn relative to average drawdown | — | 6.51 | — |
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Drawdowns
VEXC vs. DVYE - Drawdown Comparison
The maximum VEXC drawdown since its inception was -12.42%, smaller than the maximum DVYE drawdown of -47.42%. Use the drawdown chart below to compare losses from any high point for VEXC and DVYE.
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Drawdown Indicators
| VEXC | DVYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.42% | -47.42% | +35.00% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.26% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.89% | — |
Current DrawdownCurrent decline from peak | -5.52% | -5.90% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -15.30% | +12.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.18% | — |
Volatility
VEXC vs. DVYE - Volatility Comparison
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Volatility by Period
| VEXC | DVYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.46% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.12% | 14.94% | +5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.12% | 17.13% | +2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.12% | 18.28% | +1.84% |
VEXC vs. DVYE - Expense Ratio Comparison
VEXC has a 0.07% expense ratio, which is lower than DVYE's 0.50% expense ratio.
Dividends
VEXC vs. DVYE - Dividend Comparison
VEXC's dividend yield for the trailing twelve months is around 1.46%, less than DVYE's 4.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVYE iShares Emerging Markets Dividend ETF | 4.98% | 5.88% | 11.81% | 9.05% | 9.89% | 7.31% | 5.27% | 5.97% | 5.69% | 4.81% | 4.56% | 6.53% |
VEXC Vanguard Emerging Markets Ex-China ETF | 1.46% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VEXC and DVYE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEXC is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEXC is cheaper with a 0.07% expense ratio, compared with 0.50% for DVYE.
DVYE has the higher dividend yield at 4.98%, compared with 1.46% for VEXC.
VEXC tracks FTSE Emerging ex China Index, while DVYE tracks Dow Jones Emerging Markets Select Dividend Index (Net). They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VEXC and 0.50% for DVYE.
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