VMMSX vs. EEM
Compare and contrast key facts about Vanguard Emerging Markets Select Stock Fund (VMMSX) and iShares MSCI Emerging Markets ETF (EEM).
VMMSX is managed by Vanguard. It was launched on Jun 27, 2011. EEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Apr 11, 2003.
Performance
VMMSX vs. EEM - Performance Comparison
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VMMSX vs. EEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMMSX Vanguard Emerging Markets Select Stock Fund | 0.57% | 35.68% | 5.91% | 10.58% | -18.15% | -1.40% | 15.79% | 21.42% | -12.53% | 32.01% |
EEM iShares MSCI Emerging Markets ETF | 3.80% | 33.98% | 6.49% | 8.95% | -20.56% | -3.63% | 17.02% | 18.22% | -15.31% | 37.26% |
Returns By Period
In the year-to-date period, VMMSX achieves a 0.57% return, which is significantly lower than EEM's 3.80% return. Over the past 10 years, VMMSX has outperformed EEM with an annualized return of 8.74%, while EEM has yielded a comparatively lower 7.58% annualized return.
VMMSX
- 1D
- -1.12%
- 1M
- -12.19%
- YTD
- 0.57%
- 6M
- 5.25%
- 1Y
- 29.49%
- 3Y*
- 14.96%
- 5Y*
- 4.13%
- 10Y*
- 8.74%
EEM
- 1D
- 3.73%
- 1M
- -9.25%
- YTD
- 3.80%
- 6M
- 7.87%
- 1Y
- 33.09%
- 3Y*
- 15.72%
- 5Y*
- 3.45%
- 10Y*
- 7.58%
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VMMSX vs. EEM - Expense Ratio Comparison
VMMSX has a 0.84% expense ratio, which is higher than EEM's 0.72% expense ratio.
Return for Risk
VMMSX vs. EEM — Risk / Return Rank
VMMSX
EEM
VMMSX vs. EEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Select Stock Fund (VMMSX) and iShares MSCI Emerging Markets ETF (EEM). 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.
| VMMSX | EEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 1.64 | -0.01 |
Sortino ratioReturn per unit of downside risk | 2.16 | 2.23 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 2.43 | -0.46 |
Martin ratioReturn relative to average drawdown | 7.99 | 9.41 | -1.42 |
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
| VMMSX | EEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.64 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.19 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.37 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.35 | -0.09 |
Correlation
The correlation between VMMSX and EEM is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VMMSX vs. EEM - Dividend Comparison
VMMSX's dividend yield for the trailing twelve months is around 2.30%, more than EEM's 2.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMMSX Vanguard Emerging Markets Select Stock Fund | 2.30% | 2.32% | 3.33% | 3.05% | 3.71% | 6.80% | 1.04% | 2.04% | 2.53% | 1.54% | 1.44% | 1.87% |
EEM iShares MSCI Emerging Markets ETF | 2.14% | 2.22% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% |
Drawdowns
VMMSX vs. EEM - Drawdown Comparison
The maximum VMMSX drawdown since its inception was -39.28%, smaller than the maximum EEM drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for VMMSX and EEM.
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Drawdown Indicators
| VMMSX | EEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.28% | -66.43% | +27.15% |
Max Drawdown (1Y)Largest decline over 1 year | -13.46% | -13.52% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -37.39% | -37.82% | +0.43% |
Max Drawdown (10Y)Largest decline over 10 years | -38.82% | -39.82% | +1.00% |
Current DrawdownCurrent decline from peak | -13.46% | -10.30% | -3.16% |
Average DrawdownAverage peak-to-trough decline | -13.53% | -16.12% | +2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 3.49% | -0.17% |
Volatility
VMMSX vs. EEM - Volatility Comparison
The current volatility for Vanguard Emerging Markets Select Stock Fund (VMMSX) is 8.14%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 10.70%. This indicates that VMMSX experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMMSX | EEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.14% | 10.70% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.78% | 15.12% | -2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.75% | 20.23% | -2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 18.43% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.27% | 20.32% | -2.05% |