VIGIX vs. VEMIX
VIGIX (Vanguard Growth Index Fund Institutional Shares) and VEMIX (Vanguard Emerging Markets Stock Index Fund Institutional Shares) are both mutual funds - VIGIX is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index, while VEMIX is a Emerging Markets Equities fund managed by Vanguard. Over the past 10 years, VIGIX returned 18.40%/yr vs 9.08%/yr for VEMIX. A 0.63 correlation means they provide meaningful diversification when combined. VIGIX charges 0.04%/yr vs 0.10%/yr for VEMIX.
Performance
VIGIX vs. VEMIX - Performance Comparison
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Returns By Period
In the year-to-date period, VIGIX achieves a 10.83% return, which is significantly lower than VEMIX's 14.00% return. Over the past 10 years, VIGIX has outperformed VEMIX with an annualized return of 18.40%, while VEMIX has yielded a comparatively lower 9.08% annualized return.
VIGIX
- 1D
- -0.28%
- 1M
- 7.55%
- YTD
- 10.83%
- 6M
- 10.12%
- 1Y
- 29.46%
- 3Y*
- 26.47%
- 5Y*
- 15.72%
- 10Y*
- 18.40%
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%
VIGIX vs. VEMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIGIX Vanguard Growth Index Fund Institutional Shares | 10.83% | 19.44% | 32.68% | 46.77% | -33.13% | 27.27% | 40.19% | 37.26% | -3.34% | 27.81% |
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 VIGIX and VEMIX is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2000 | 0.63 |
The correlation between VIGIX and VEMIX has been stable across timeframes, ranging from 0.57 to 0.66 - a consistent structural relationship.
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Return for Risk
VIGIX vs. VEMIX — Risk / Return Rank
VIGIX
VEMIX
VIGIX vs. VEMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Growth Index Fund Institutional Shares (VIGIX) 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.
| VIGIX | VEMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.42 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 3.00 | -1.16 |
| Martin ratioReturn relative to average drawdown | 6.49 | 11.20 | -4.71 |
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
| VIGIX | VEMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.32 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.37 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.55 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.36 | +0.11 |
Drawdowns
VIGIX vs. VEMIX - Drawdown Comparison
The maximum VIGIX drawdown since its inception was -56.95%, smaller than the maximum VEMIX drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for VIGIX and VEMIX.
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Drawdown Indicators
| VIGIX | VEMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.95% | -66.43% | +9.48% |
Max Drawdown (1Y)Largest decline over 1 year | -16.51% | -11.05% | -5.46% |
Max Drawdown (3Y)Largest decline over 3 years | -23.03% | -15.77% | -7.26% |
Max Drawdown (5Y)Largest decline over 5 years | -35.62% | -32.52% | -3.10% |
Max Drawdown (10Y)Largest decline over 10 years | -35.62% | -36.04% | +0.42% |
Current DrawdownCurrent decline from peak | -0.28% | 0.00% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -16.28% | -15.99% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 2.96% | +1.72% |
Volatility
VIGIX vs. VEMIX - Volatility Comparison
The current volatility for Vanguard Growth Index Fund Institutional Shares (VIGIX) is 3.62%, while Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) has a volatility of 5.01%. This indicates that VIGIX 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
| VIGIX | VEMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 5.01% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 11.81% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.87% | 14.32% | +1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.35% | 15.38% | +6.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.59% | 16.45% | +5.14% |
VIGIX vs. VEMIX - Expense Ratio Comparison
VIGIX has a 0.04% 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
VIGIX vs. VEMIX - Dividend Comparison
VIGIX's dividend yield for the trailing twelve months is around 0.37%, 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% |
VIGIX Vanguard Growth Index Fund Institutional Shares | 0.37% | 0.41% | 0.47% | 0.58% | 0.70% | 0.48% | 0.66% | 0.95% | 1.32% | 1.15% | 1.40% | 1.31% |
Frequently Asked Questions
VIGIX and VEMIX have a correlation of 0.66, 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 VIGIX (3.62%). In terms of maximum drawdown, VIGIX dropped -56.95% vs VEMIX's -66.43%.
VEMIX currently has the higher Sharpe Ratio (2.32 vs 1.92), 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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