VEXC vs. SCHE
VEXC (Vanguard Emerging Markets Ex-China ETF) and SCHE (Schwab Emerging Markets Equity ETF) are both Emerging Markets Equities funds - VEXC tracks the FTSE Emerging ex China Index while SCHE tracks the FTSE Emerging Index. Both are passively managed. With a 0.95 correlation, they move nearly in lockstep. VEXC charges 0.07%/yr vs 0.11%/yr for SCHE.
Performance
VEXC vs. SCHE - 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 SCHE's 9.78% return.
VEXC
- 1D
- -1.42%
- 1M
- -2.43%
- 6M
- 13.21%
- YTD
- 17.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHE
- 1D
- -1.18%
- 1M
- -1.55%
- 6M
- 4.64%
- YTD
- 9.78%
- 1Y
- 20.72%
- 3Y*
- 15.70%
- 5Y*
- 5.37%
- 10Y*
- 7.89%
VEXC vs. SCHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VEXC Vanguard Emerging Markets Ex-China ETF | 17.93% | 4.50% |
SCHE Schwab Emerging Markets Equity ETF | 9.78% | 0.24% |
Correlation
The correlation between VEXC and SCHE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025 | 0.95 |
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Return for Risk
VEXC vs. SCHE — Risk / Return Rank
VEXC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SCHE
VEXC vs. SCHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Ex-China ETF (VEXC) and Schwab Emerging Markets Equity ETF (SCHE). 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 | SCHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.84 | — |
| Martin ratioReturn relative to average drawdown | — | 6.29 | — |
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Drawdowns
VEXC vs. SCHE - Drawdown Comparison
The maximum VEXC drawdown since its inception was -12.42%, smaller than the maximum SCHE drawdown of -36.20%. Use the drawdown chart below to compare losses from any high point for VEXC and SCHE.
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Drawdown Indicators
| VEXC | SCHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.42% | -36.20% | +23.78% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.29% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.20% | — |
Current DrawdownCurrent decline from peak | -5.52% | -3.45% | -2.07% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -12.53% | +10.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.30% | — |
Volatility
VEXC vs. SCHE - Volatility Comparison
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Volatility by Period
| VEXC | SCHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.22% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.12% | 17.63% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.12% | 17.91% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.12% | 19.41% | +0.71% |
VEXC vs. SCHE - Expense Ratio Comparison
VEXC has a 0.07% expense ratio, which is lower than SCHE's 0.11% 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. SCHE - Dividend Comparison
VEXC's dividend yield for the trailing twelve months is around 1.46%, less than SCHE's 2.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHE Schwab Emerging Markets Equity ETF | 2.65% | 2.88% | 3.03% | 3.83% | 2.88% | 2.86% | 2.09% | 3.27% | 2.64% | 2.31% | 2.27% | 2.50% |
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
With a correlation of 0.95, VEXC and SCHE 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 0.11% for SCHE.
SCHE has the higher dividend yield at 2.65%, compared with 1.46% for VEXC.
VEXC tracks FTSE Emerging ex China Index, while SCHE tracks FTSE Emerging Index. They also come from different issuers: Vanguard and Charles Schwab. Their fees differ too: 0.07% for VEXC and 0.11% for SCHE.
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