VEXC vs. VIG

Last updated Jun 4, 2026

VEXC (Vanguard Emerging Markets Ex-China ETF) and VIG (Vanguard Dividend Appreciation ETF) are both exchange-traded funds - VEXC is a Emerging Markets Equities fund tracking the FTSE Emerging ex China Index, while VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. VEXC charges 0.07%/yr vs 0.04%/yr for VIG.

Performance

VEXC vs. VIG - Performance Comparison

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

Returns By Period

In the year-to-date period, VEXC achieves a 20.21% return, which is significantly higher than VIG's 7.57% return.

VEXC

• 1D: -1.20%
• 1M: 4.95%
• YTD: 20.21%
• 6M: 23.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VIG

• 1D: -0.19%
• 1M: 3.79%
• YTD: 7.57%
• 6M: 6.99%
• 1Y: 19.63%
• 3Y*: 16.49%
• 5Y*: 10.62%
• 10Y*: 13.23%

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

VEXC vs. VIG - Yearly Performance Comparison

	2026 (YTD)	2025
VEXC Vanguard Emerging Markets Ex-China ETF	20.21%	4.80%
VIG Vanguard Dividend Appreciation ETF	7.57%	1.71%

Correlation

The correlation between VEXC and VIG is 0.62, 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 3, 2025	0.62

Return for Risk

VEXC vs. VIG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VIG

VIG Risk / Return Rank: 56
VIG Sharpe Ratio Rank: 57
VIG Sortino Ratio Rank: 60
VIG Omega Ratio Rank: 56
VIG Calmar Ratio Rank: 50
VIG Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VEXC vs. VIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Ex-China ETF (VEXC) and Vanguard Dividend Appreciation ETF (VIG). 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	VIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.97	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.21	0.60	+1.61

Drawdowns

VEXC vs. VIG - Drawdown Comparison

The maximum VEXC drawdown since its inception was -12.42%, smaller than the maximum VIG drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for VEXC and VIG.

Drawdown Indicators

	VEXC	VIG	Difference
Max Drawdown Largest peak-to-trough decline	-12.42%	-46.81%	+34.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.91%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.72%	—
Current Drawdown Current decline from peak	-1.20%	-0.19%	-1.01%
Average Drawdown Average peak-to-trough decline	-2.23%	-5.51%	+3.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.96%	—

Volatility

Volatility by Period

	VEXC	VIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.89%	10.01%	+8.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.89%	14.23%	+4.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.89%	16.05%	+2.84%

VEXC vs. VIG - Expense Ratio Comparison

VEXC has a 0.07% expense ratio, which is higher than VIG's 0.04% expense ratio. However, 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. VIG - Dividend Comparison

VEXC's dividend yield for the trailing twelve months is around 0.74%, less than VIG's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VEXC Vanguard Emerging Markets Ex-China ETF	0.74%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VIG Vanguard Dividend Appreciation ETF	1.47%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%

Frequently Asked Questions

Can I hold both VEXC and VIG in my portfolio?

VEXC and VIG have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VEXC or VIG?

On fees, VIG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VEXC or VIG?

VIG is cheaper with a 0.04% expense ratio, compared with 0.07% for VEXC.

Which ETF pays a higher dividend yield, VEXC or VIG?

VIG has the higher dividend yield at 1.47%, compared with 0.74% for VEXC.

What is the main difference between VEXC and VIG?

VEXC is categorized as Emerging Markets Equities, while VIG is Dividend. VEXC tracks FTSE Emerging ex China Index, while VIG tracks S&P U.S. Dividend Growers Index. Their fees differ too: 0.07% for VEXC and 0.04% for VIG.