VEXC vs. SGOV
VEXC (Vanguard Emerging Markets Ex-China ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - VEXC is a Emerging Markets Equities fund tracking the FTSE Emerging ex China Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. At a correlation of -0.14, they often move in opposite directions. VEXC charges 0.07%/yr vs 0.09%/yr for SGOV.
Performance
VEXC vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, VEXC achieves a 20.67% return, which is significantly higher than SGOV's 1.71% return.
VEXC
- 1D
- -3.33%
- 1M
- 3.67%
- YTD
- 20.67%
- 6M
- 21.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.71%
- 6M
- 1.80%
- 1Y
- 3.92%
- 3Y*
- 4.68%
- 5Y*
- 3.58%
- 10Y*
- —
VEXC vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VEXC Vanguard Emerging Markets Ex-China ETF | 20.67% | 4.50% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.71% | 0.99% |
Correlation
The correlation between VEXC and SGOV is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025 | -0.14 |
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Return for Risk
VEXC vs. SGOV — Risk / Return Rank
VEXC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SGOV
VEXC vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Ex-China ETF (VEXC) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 194.05 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 395.07 | — |
| Martin ratioReturn relative to average drawdown | — | 4,426.92 | — |
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Drawdowns
VEXC vs. SGOV - Drawdown Comparison
The maximum VEXC drawdown since its inception was -12.42%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for VEXC and SGOV.
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Drawdown Indicators
| VEXC | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.42% | -0.03% | -12.39% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.01% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -3.33% | 0.00% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -0.00% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
VEXC vs. SGOV - Volatility Comparison
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Volatility by Period
| VEXC | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.06% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 0.19% | +20.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.27% | 0.24% | +20.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.27% | 0.24% | +20.03% |
VEXC vs. SGOV - Expense Ratio Comparison
VEXC has a 0.07% expense ratio, which is lower than SGOV's 0.09% 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. SGOV - Dividend Comparison
VEXC's dividend yield for the trailing twelve months is around 1.43%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
VEXC Vanguard Emerging Markets Ex-China ETF | 1.43% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VEXC and SGOV have a correlation of -0.14, 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 0.09% for SGOV.
SGOV has the higher dividend yield at 3.85%, compared with 1.43% for VEXC.
VEXC is categorized as Emerging Markets Equities, while SGOV is Ultrashort Bond. VEXC tracks FTSE Emerging ex China Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VEXC and 0.09% for SGOV.
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