VIEIX vs. VEMIX
VIEIX (Vanguard Extended Market Index Fund Institutional Shares) and VEMIX (Vanguard Emerging Markets Stock Index Fund Institutional Shares) are both mutual funds - VIEIX is a Mid Cap Blend Equities fund managed by Vanguard, while VEMIX is a Emerging Markets Equities fund managed by Vanguard. Over the past 10 years, VIEIX returned 12.20%/yr vs 9.08%/yr for VEMIX. A 0.65 correlation means they provide meaningful diversification when combined. VIEIX charges 0.05%/yr vs 0.10%/yr for VEMIX.
Performance
VIEIX vs. VEMIX - Performance Comparison
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Returns By Period
In the year-to-date period, VIEIX achieves a 14.93% return, which is significantly higher than VEMIX's 14.00% return. Over the past 10 years, VIEIX has outperformed VEMIX with an annualized return of 12.20%, while VEMIX has yielded a comparatively lower 9.08% annualized return.
VIEIX
- 1D
- 1.07%
- 1M
- 5.81%
- YTD
- 14.93%
- 6M
- 13.66%
- 1Y
- 30.15%
- 3Y*
- 20.15%
- 5Y*
- 6.92%
- 10Y*
- 12.20%
VEMIX
- 1D
- 1.58%
- 1M
- 4.23%
- YTD
- 14.00%
- 6M
- 15.59%
- 1Y
- 32.74%
- 3Y*
- 18.68%
- 5Y*
- 5.66%
- 10Y*
- 9.08%
VIEIX vs. VEMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIEIX Vanguard Extended Market Index Fund Institutional Shares | 14.93% | 11.42% | 15.49% | 26.97% | -26.46% | 12.46% | 32.24% | 28.05% | -9.36% | 18.12% |
VEMIX Vanguard Emerging Markets Stock Index Fund Institutional Shares | 14.00% | 24.80% | 11.38% | 8.85% | -17.75% | 0.91% | 15.26% | 20.35% | -14.55% | 31.42% |
Correlation
The correlation between VIEIX and VEMIX 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 (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2000 | 0.65 |
The correlation between VIEIX and VEMIX has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
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Return for Risk
VIEIX vs. VEMIX — Risk / Return Rank
VIEIX
VEMIX
VIEIX vs. VEMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Market Index Fund Institutional Shares (VIEIX) and Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX). 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.
| VIEIX | VEMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.42 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 3.00 | +0.13 |
| Martin ratioReturn relative to average drawdown | 11.08 | 11.20 | -0.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VIEIX | VEMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.32 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.37 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.55 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.36 | +0.04 |
Drawdowns
VIEIX vs. VEMIX - Drawdown Comparison
The maximum VIEIX drawdown since its inception was -58.03%, smaller than the maximum VEMIX drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for VIEIX and VEMIX.
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Drawdown Indicators
| VIEIX | VEMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.03% | -66.43% | +8.40% |
Max Drawdown (1Y)Largest decline over 1 year | -10.25% | -11.05% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -26.84% | -15.77% | -11.07% |
Max Drawdown (5Y)Largest decline over 5 years | -36.32% | -32.52% | -3.80% |
Max Drawdown (10Y)Largest decline over 10 years | -41.62% | -36.04% | -5.58% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -13.84% | -15.99% | +2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.96% | -0.07% |
Volatility
VIEIX vs. VEMIX - Volatility Comparison
The current volatility for Vanguard Extended Market Index Fund Institutional Shares (VIEIX) is 4.69%, while Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) has a volatility of 5.01%. This indicates that VIEIX experiences smaller price fluctuations and is considered to be less risky than VEMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIEIX | VEMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 5.01% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 11.81% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.17% | 14.32% | +2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.34% | 15.38% | +6.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.36% | 16.45% | +5.91% |
VIEIX vs. VEMIX - Expense Ratio Comparison
VIEIX has a 0.05% expense ratio, which is lower than VEMIX's 0.10% 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
VIEIX vs. VEMIX - Dividend Comparison
VIEIX's dividend yield for the trailing twelve months is around 1.01%, less than VEMIX's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEMIX Vanguard Emerging Markets Stock Index Fund Institutional Shares | 2.36% | 2.77% | 3.17% | 3.51% | 4.09% | 2.61% | 1.90% | 3.23% | 2.89% | 2.33% | 2.55% | 2.51% |
VIEIX Vanguard Extended Market Index Fund Institutional Shares | 1.01% | 1.14% | 1.10% | 1.26% | 1.16% | 1.14% | 1.08% | 1.31% | 1.67% | 1.27% | 1.45% | 1.37% |
Frequently Asked Questions
VIEIX and VEMIX 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.
VEMIX has higher volatility (5.01%) compared to VIEIX (4.69%). In terms of maximum drawdown, VIEIX dropped -58.03% vs VEMIX's -66.43%.
VEMIX currently has the higher Sharpe Ratio (2.32 vs 1.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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