VEXC vs. EMOP

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Emerging Markets Ex-China ETF (VEXC) and AB Emerging Markets Opportunities ETF (EMOP).

VEXC and EMOP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEXC is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging ex China Index. It was launched on Sep 30, 2025. EMOP is an actively managed fund by AllianceBernstein. It was launched on Jun 17, 2025.

Performance

VEXC vs. EMOP - Performance Comparison

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

VEXC vs. EMOP - Yearly Performance Comparison

	2026 (YTD)	2025
VEXC Vanguard Emerging Markets Ex-China ETF	3.49%	4.80%
EMOP AB Emerging Markets Opportunities ETF	9.93%	3.58%

Returns By Period

In the year-to-date period, VEXC achieves a 3.49% return, which is significantly lower than EMOP's 9.93% return.

VEXC

• 1D: 0.86%
• 1M: -5.85%
• YTD: 3.49%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMOP

• 1D: 2.13%
• 1M: -5.57%
• YTD: 9.93%
• 6M: 14.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VEXC vs. EMOP - Expense Ratio Comparison

VEXC has a 0.07% expense ratio, which is lower than EMOP's 0.70% expense ratio.

EMOP

AB Emerging Markets Opportunities ETF

VEXC

Vanguard Emerging Markets Ex-China ETF

Return for Risk

VEXC vs. EMOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Ex-China ETF (VEXC) and AB Emerging Markets Opportunities ETF (EMOP). 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	EMOP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	2.06	-1.03

Correlation

The correlation between VEXC and EMOP is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VEXC vs. EMOP - Dividend Comparison

VEXC's dividend yield for the trailing twelve months is around 0.86%, more than EMOP's 0.61% yield.

	TTM	2025
VEXC Vanguard Emerging Markets Ex-China ETF	0.86%	0.43%
EMOP AB Emerging Markets Opportunities ETF	0.61%	0.27%

Drawdowns

VEXC vs. EMOP - Drawdown Comparison

The maximum VEXC drawdown since its inception was -12.42%, roughly equal to the maximum EMOP drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for VEXC and EMOP.

Drawdown Indicators

	VEXC	EMOP	Difference
Max Drawdown Largest peak-to-trough decline	-12.42%	-12.88%	+0.46%
Current Drawdown Current decline from peak	-8.79%	-7.79%	-1.00%
Average Drawdown Average peak-to-trough decline	-2.32%	-1.92%	-0.40%

Volatility

Volatility by Period

	VEXC	EMOP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.48%	18.23%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.48%	18.23%	-0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.48%	18.23%	-0.75%