VLUE vs. VEMY
VLUE (iShares MSCI USA Value Factor ETF) and VEMY (Virtus Stone Harbor Emerging Markets High Yield Bond ETF) are both exchange-traded funds - VLUE is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index, while VEMY is a Emerging Markets Bonds fund actively managed by Virtus. VLUE is passively managed, while VEMY is actively managed. Over the past 3 years, VLUE returned 31.47%/yr vs 15.16%/yr for VEMY. At a 0.50 correlation, their price movements are largely independent. VLUE charges 0.15%/yr vs 0.58%/yr for VEMY.
Performance
VLUE vs. VEMY - Performance Comparison
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Returns By Period
In the year-to-date period, VLUE achieves a 45.72% return, which is significantly higher than VEMY's 6.44% return.
VLUE
- 1D
- 0.40%
- 1M
- 7.72%
- YTD
- 45.72%
- 6M
- 46.53%
- 1Y
- 85.32%
- 3Y*
- 31.47%
- 5Y*
- 16.01%
- 10Y*
- 15.38%
VEMY
- 1D
- 0.21%
- 1M
- 1.32%
- YTD
- 6.44%
- 6M
- 6.86%
- 1Y
- 18.56%
- 3Y*
- 15.16%
- 5Y*
- —
- 10Y*
- —
VLUE vs. VEMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VLUE iShares MSCI USA Value Factor ETF | 45.72% | 32.67% | 7.25% | 14.26% | -4.07% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 6.44% | 15.27% | 13.48% | 14.45% | -1.43% |
Correlation
The correlation between VLUE and VEMY is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.50 |
The correlation between VLUE and VEMY has been stable across timeframes, ranging from 0.50 to 0.51 - a consistent structural relationship.
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Return for Risk
VLUE vs. VEMY — Risk / Return Rank
VLUE
VEMY
VLUE vs. VEMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Value Factor ETF (VLUE) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY). 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.
| VLUE | VEMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.77 | 1.61 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 9.25 | 4.52 | +4.73 |
| Martin ratioReturn relative to average drawdown | 39.16 | 21.45 | +17.72 |
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Drawdowns
VLUE vs. VEMY - Drawdown Comparison
The maximum VLUE drawdown since its inception was -39.47%, which is greater than VEMY's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for VLUE and VEMY.
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Drawdown Indicators
| VLUE | VEMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.47% | -8.77% | -30.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -4.00% | -5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -17.89% | -6.57% | -11.32% |
Max Drawdown (5Y)Largest decline over 5 years | -27.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.47% | — | — |
Current DrawdownCurrent decline from peak | -2.61% | 0.00% | -2.61% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -1.30% | -4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 0.84% | +1.29% |
Volatility
VLUE vs. VEMY - Volatility Comparison
iShares MSCI USA Value Factor ETF (VLUE) has a higher volatility of 8.83% compared to Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) at 1.64%. This indicates that VLUE's price experiences larger fluctuations and is considered to be riskier than VEMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLUE | VEMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.83% | 1.64% | +7.19% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 4.71% | +10.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.38% | 6.08% | +12.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 7.62% | +10.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.91% | 7.62% | +12.29% |
VLUE vs. VEMY - Expense Ratio Comparison
VLUE has a 0.15% expense ratio, which is lower than VEMY's 0.58% expense ratio.
Dividends
VLUE vs. VEMY - Dividend Comparison
VLUE's dividend yield for the trailing twelve months is around 1.43%, less than VEMY's 8.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 8.33% | 8.89% | 10.28% | 9.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VLUE iShares MSCI USA Value Factor ETF | 1.43% | 2.11% | 2.73% | 2.66% | 3.18% | 2.22% | 2.42% | 2.61% | 2.70% | 2.14% | 2.07% | 2.39% |
Frequently Asked Questions
VLUE and VEMY have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLUE has higher volatility (8.83%) compared to VEMY (1.64%). In terms of maximum drawdown, VLUE dropped -39.47% vs VEMY's -8.77%.
On 3-year performance, VLUE leads with 31.47% vs 15.16% for VEMY. On fees, VLUE is cheaper at 0.15% per year. On volatility, VEMY has been the lower-risk option at 1.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VLUE has performed better with a 31.47% return vs 15.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VLUE is cheaper with a 0.15% expense ratio, compared with 0.58% for VEMY.
VEMY has the higher dividend yield at 8.33%, compared with 1.43% for VLUE.
VLUE is categorized as Large Cap Value Equities, while VEMY is Emerging Markets Bonds. They also come from different issuers: iShares and Virtus. Their fees differ too: 0.15% for VLUE and 0.58% for VEMY.
VLUE currently has the higher Sharpe Ratio (4.55 vs 2.98), 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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