VEXC vs. EMXF
VEXC (Vanguard Emerging Markets Ex-China ETF) and EMXF (iShares ESG Advanced MSCI EM ETF) are both Emerging Markets Equities funds - VEXC tracks the FTSE Emerging ex China Index while EMXF tracks the MSCI Emerging Markets Choice ESG Screened 5% Issuer Capped Index. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. VEXC charges 0.07%/yr vs 0.16%/yr for EMXF.
Performance
VEXC vs. EMXF - Performance Comparison
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Returns By Period
In the year-to-date period, VEXC achieves a 20.67% return, which is significantly lower than EMXF's 24.26% return.
VEXC
- 1D
- -3.33%
- 1M
- 3.67%
- YTD
- 20.67%
- 6M
- 21.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMXF
- 1D
- -4.12%
- 1M
- 5.10%
- YTD
- 24.26%
- 6M
- 24.79%
- 1Y
- 43.07%
- 3Y*
- 21.44%
- 5Y*
- 7.11%
- 10Y*
- —
VEXC vs. EMXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VEXC Vanguard Emerging Markets Ex-China ETF | 20.67% | 4.50% |
EMXF iShares ESG Advanced MSCI EM ETF | 24.26% | 4.50% |
Correlation
The correlation between VEXC and EMXF is 0.91, 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 | 0.91 |
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Return for Risk
VEXC vs. EMXF — Risk / Return Rank
VEXC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EMXF
VEXC vs. EMXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Ex-China ETF (VEXC) and iShares ESG Advanced MSCI EM ETF (EMXF). 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 | EMXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.45 | — |
| Martin ratioReturn relative to average drawdown | — | 12.92 | — |
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Drawdowns
VEXC vs. EMXF - Drawdown Comparison
The maximum VEXC drawdown since its inception was -12.42%, smaller than the maximum EMXF drawdown of -33.13%. Use the drawdown chart below to compare losses from any high point for VEXC and EMXF.
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Drawdown Indicators
| VEXC | EMXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.42% | -33.13% | +20.71% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.53% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.89% | — |
Current DrawdownCurrent decline from peak | -3.33% | -4.12% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -11.93% | +9.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.34% | — |
Volatility
VEXC vs. EMXF - Volatility Comparison
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Volatility by Period
| VEXC | EMXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 20.37% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.27% | 22.50% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.27% | 21.99% | -1.72% |
VEXC vs. EMXF - Expense Ratio Comparison
VEXC has a 0.07% expense ratio, which is lower than EMXF's 0.16% 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. EMXF - Dividend Comparison
VEXC's dividend yield for the trailing twelve months is around 1.43%, less than EMXF's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EMXF iShares ESG Advanced MSCI EM ETF | 2.67% | 3.43% | 2.92% | 2.25% | 2.42% | 1.87% | 0.41% |
VEXC Vanguard Emerging Markets Ex-China ETF | 1.43% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, VEXC and EMXF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.16% for EMXF.
EMXF has the higher dividend yield at 2.67%, compared with 1.43% for VEXC.
VEXC tracks FTSE Emerging ex China Index, while EMXF tracks MSCI Emerging Markets Choice ESG Screened 5% Issuer Capped Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VEXC and 0.16% for EMXF.
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