VEXC vs. VTISX

Last updated Jun 4, 2026

VEXC (Vanguard Emerging Markets Ex-China ETF) and VTISX (Vanguard Total International Stock Index Fund Institutional Select Shares) are both funds - VEXC is a Emerging Markets Equities fund tracking the FTSE Emerging ex China Index, while VTISX is a Foreign Large Cap Equities fund tracking the FTSE Global All Cap ex US Index. Both are passively managed. Their correlation of 0.88 suggests significant overlap in exposure. VEXC charges 0.07%/yr vs 0.04%/yr for VTISX.

Performance

VEXC vs. VTISX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Emerging Markets Ex-China ETF (VEXC) and Vanguard Total International Stock Index Fund Institutional Select Shares (VTISX). 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 VTISX's 15.42% return.

VEXC

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

VTISX

• 1D: 0.61%
• 1M: 5.54%
• YTD: 15.42%
• 6M: 18.21%
• 1Y: 33.40%
• 3Y*: 19.86%
• 5Y*: 8.87%
• 10Y*: —

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

VEXC vs. VTISX - Yearly Performance Comparison

	2026 (YTD)	2025
VEXC Vanguard Emerging Markets Ex-China ETF	20.21%	4.80%
VTISX Vanguard Total International Stock Index Fund Institutional Select Shares	15.42%	3.68%

Correlation

The correlation between VEXC and VTISX is 0.88, 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 3, 2025	0.88

Return for Risk

VEXC vs. VTISX — Risk / Return Rank

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

VTISX

VTISX Risk / Return Rank: 59
VTISX Sharpe Ratio Rank: 62
VTISX Sortino Ratio Rank: 56
VTISX Omega Ratio Rank: 60
VTISX Calmar Ratio Rank: 58
VTISX Martin Ratio Rank: 58

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. VTISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Ex-China ETF (VEXC) and Vanguard Total International Stock Index Fund Institutional Select Shares (VTISX). 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	VTISX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.32	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.21	0.64	+1.57

Drawdowns

VEXC vs. VTISX - Drawdown Comparison

The maximum VEXC drawdown since its inception was -12.42%, smaller than the maximum VTISX drawdown of -35.74%. Use the drawdown chart below to compare losses from any high point for VEXC and VTISX.

Drawdown Indicators

	VEXC	VTISX	Difference
Max Drawdown Largest peak-to-trough decline	-12.42%	-35.74%	+23.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.29%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.51%	—
Current Drawdown Current decline from peak	-1.20%	0.00%	-1.20%
Average Drawdown Average peak-to-trough decline	-2.23%	-7.38%	+5.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.85%	—

Volatility

Volatility by Period

	VEXC	VTISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.89%	14.21%	+4.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.89%	15.03%	+3.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.89%	15.92%	+2.97%

VEXC vs. VTISX - Expense Ratio Comparison

VEXC has a 0.07% expense ratio, which is higher than VTISX'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. VTISX - Dividend Comparison

VEXC's dividend yield for the trailing twelve months is around 0.74%, less than VTISX's 2.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
VTISX Vanguard Total International Stock Index Fund Institutional Select Shares	2.64%	3.19%	3.39%	3.28%	3.11%	3.12%	2.16%	3.07%	3.23%	2.80%

Frequently Asked Questions

Can I hold both VEXC and VTISX in my portfolio?

VEXC and VTISX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.