VEXC vs. EMCR
VEXC (Vanguard Emerging Markets Ex-China ETF) and EMCR (Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF) are both Emerging Markets Equities funds - VEXC tracks the FTSE Emerging ex China Index while EMCR tracks the Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index - Benchmark TR Net. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. VEXC charges 0.07%/yr vs 0.15%/yr for EMCR.
Performance
VEXC vs. EMCR - 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 EMCR's 15.01% return.
VEXC
- 1D
- -1.42%
- 1M
- -2.43%
- 6M
- 13.21%
- YTD
- 17.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMCR
- 1D
- -1.73%
- 1M
- -5.12%
- 6M
- 8.65%
- YTD
- 15.01%
- 1Y
- 30.44%
- 3Y*
- 19.10%
- 5Y*
- 8.13%
- 10Y*
- —
VEXC vs. EMCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VEXC Vanguard Emerging Markets Ex-China ETF | 17.93% | 4.50% |
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF | 15.01% | 2.10% |
Correlation
The correlation between VEXC and EMCR is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025 | 0.90 |
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Return for Risk
VEXC vs. EMCR — Risk / Return Rank
VEXC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EMCR
VEXC vs. EMCR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Ex-China ETF (VEXC) and Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR). 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 | EMCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.21 | — |
| Martin ratioReturn relative to average drawdown | — | 7.59 | — |
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Drawdowns
VEXC vs. EMCR - Drawdown Comparison
The maximum VEXC drawdown since its inception was -12.42%, smaller than the maximum EMCR drawdown of -34.28%. Use the drawdown chart below to compare losses from any high point for VEXC and EMCR.
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Drawdown Indicators
| VEXC | EMCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.42% | -34.28% | +21.86% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.84% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.28% | — |
Current DrawdownCurrent decline from peak | -5.52% | -8.19% | +2.67% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -9.26% | +6.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.02% | — |
Volatility
VEXC vs. EMCR - Volatility Comparison
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Volatility by Period
| VEXC | EMCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.47% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.67% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.12% | 22.82% | -2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.12% | 20.01% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.12% | 20.22% | -0.10% |
VEXC vs. EMCR - Expense Ratio Comparison
VEXC has a 0.07% expense ratio, which is lower than EMCR's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VEXC vs. EMCR - Dividend Comparison
VEXC's dividend yield for the trailing twelve months is around 1.46%, less than EMCR's 1.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF | 1.52% | 2.43% | 6.62% | 1.95% | 3.05% | 1.83% | 1.75% | 3.15% | 0.19% |
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% |
Frequently Asked Questions
VEXC and EMCR have a correlation of 0.90, 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 0.15% for EMCR.
EMCR has the higher dividend yield at 1.52%, compared with 1.46% for VEXC.
VEXC tracks FTSE Emerging ex China Index, while EMCR tracks Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index - Benchmark TR Net. They also come from different issuers: Vanguard and Deutsche Bank. Their fees differ too: 0.07% for VEXC and 0.15% for EMCR.
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