VEXC vs. DVYE

Last updated Jun 5, 2026

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. Both are passively managed. A 0.73 correlation means they provide meaningful diversification when combined. VEXC charges 0.07%/yr vs 0.49%/yr for DVYE.

Performance

VEXC vs. DVYE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Emerging Markets Ex-China ETF (VEXC) and iShares Emerging Markets Dividend ETF (DVYE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEXC achieves a 20.48% return, which is significantly higher than DVYE's 10.74% return.

VEXC

• 1D: 0.23%
• 1M: 3.69%
• YTD: 20.48%
• 6M: 23.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVYE

• 1D: 0.23%
• 1M: -2.08%
• YTD: 10.74%
• 6M: 11.14%
• 1Y: 28.60%
• 3Y*: 22.07%
• 5Y*: 4.84%
• 10Y*: 7.81%

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

VEXC vs. DVYE - Yearly Performance Comparison

	2026 (YTD)	2025
VEXC Vanguard Emerging Markets Ex-China ETF	20.48%	4.80%
DVYE iShares Emerging Markets Dividend ETF	10.74%	6.96%

Correlation

The correlation between VEXC and DVYE is 0.73, 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 3, 2025	0.73

Return for Risk

VEXC vs. DVYE — Risk / Return Rank

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

DVYE

DVYE Risk / Return Rank: 66
DVYE Sharpe Ratio Rank: 61
DVYE Sortino Ratio Rank: 58
DVYE Omega Ratio Rank: 58
DVYE Calmar Ratio Rank: 83
DVYE Martin Ratio Rank: 69

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.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	VEXC	DVYE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.01	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.29	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.23	0.16	+2.07

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.

Drawdown Indicators

	VEXC	DVYE	Difference
Max Drawdown Largest peak-to-trough decline	-12.42%	-47.42%	+35.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.49%	—
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 Drawdown Current decline from peak	-0.97%	-3.83%	+2.86%
Average Drawdown Average peak-to-trough decline	-2.22%	-15.37%	+13.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.27%	—

Volatility

Volatility by Period

	VEXC	DVYE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.84%	14.32%	+4.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.84%	16.99%	+1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.84%	18.39%	+0.45%

VEXC vs. DVYE - Expense Ratio Comparison

VEXC has a 0.07% expense ratio, which is lower than DVYE's 0.49% expense ratio.

Dividends

VEXC vs. DVYE - Dividend Comparison

VEXC's dividend yield for the trailing twelve months is around 0.74%, less than DVYE's 5.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVYE iShares Emerging Markets Dividend ETF	5.11%	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	0.74%	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

Can I hold both VEXC and DVYE in my portfolio?

VEXC and DVYE 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.

Which ETF is better, VEXC or DVYE?

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.

Which ETF is cheaper, VEXC or DVYE?

VEXC is cheaper with a 0.07% expense ratio, compared with 0.49% for DVYE.

Which ETF pays a higher dividend yield, VEXC or DVYE?

DVYE has the higher dividend yield at 5.11%, compared with 0.74% for VEXC.

What is the main difference between VEXC and DVYE?

VEXC tracks FTSE Emerging ex China Index, while DVYE tracks Dow Jones Emerging Markets Select Dividend Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VEXC and 0.49% for DVYE.