VEXC vs. UAE
VEXC (Vanguard Emerging Markets Ex-China ETF) and UAE (iShares MSCI UAE ETF) are both Emerging Markets Equities funds - VEXC tracks the FTSE Emerging ex China Index while UAE tracks the MSCI All UAE Capped Index. Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. VEXC charges 0.07%/yr vs 0.59%/yr for UAE.
Performance
VEXC vs. UAE - 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 UAE's 6.53% return.
VEXC
- 1D
- -3.33%
- 1M
- 3.67%
- YTD
- 20.67%
- 6M
- 21.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UAE
- 1D
- -1.50%
- 1M
- 7.68%
- YTD
- 6.53%
- 6M
- 4.13%
- 1Y
- 16.47%
- 3Y*
- 15.08%
- 5Y*
- 10.81%
- 10Y*
- 6.26%
VEXC vs. UAE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VEXC Vanguard Emerging Markets Ex-China ETF | 20.67% | 4.50% |
UAE iShares MSCI UAE ETF | 6.53% | 1.67% |
Correlation
The correlation between VEXC and UAE is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025 | 0.51 |
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Return for Risk
VEXC vs. UAE — Risk / Return Rank
VEXC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UAE
VEXC vs. UAE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Ex-China ETF (VEXC) and iShares MSCI UAE ETF (UAE). 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 | UAE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.77 | — |
| Martin ratioReturn relative to average drawdown | — | 1.87 | — |
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Drawdowns
VEXC vs. UAE - Drawdown Comparison
The maximum VEXC drawdown since its inception was -12.42%, smaller than the maximum UAE drawdown of -60.49%. Use the drawdown chart below to compare losses from any high point for VEXC and UAE.
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Drawdown Indicators
| VEXC | UAE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.42% | -60.49% | +48.07% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.50% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.71% | — |
Current DrawdownCurrent decline from peak | -3.33% | -8.37% | +5.04% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -23.85% | +21.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.81% | — |
Volatility
VEXC vs. UAE - Volatility Comparison
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Volatility by Period
| VEXC | UAE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.42% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 22.94% | -2.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.27% | 19.09% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.27% | 19.61% | +0.66% |
VEXC vs. UAE - Expense Ratio Comparison
VEXC has a 0.07% expense ratio, which is lower than UAE's 0.59% expense ratio.
Dividends
VEXC vs. UAE - Dividend Comparison
VEXC's dividend yield for the trailing twelve months is around 1.43%, less than UAE's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UAE iShares MSCI UAE ETF | 4.33% | 4.10% | 3.32% | 3.25% | 2.67% | 4.88% | 4.75% | 3.54% | 5.56% | 3.38% | 4.74% | 3.77% |
VEXC Vanguard Emerging Markets Ex-China ETF | 1.43% | 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
VEXC and UAE have a correlation of 0.51, 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 0.59% for UAE.
UAE has the higher dividend yield at 4.33%, compared with 1.43% for VEXC.
VEXC tracks FTSE Emerging ex China Index, while UAE tracks MSCI All UAE Capped Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VEXC and 0.59% for UAE.
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