VMMSX vs. GPEOX
VMMSX (Vanguard Emerging Markets Select Stock Fund) and GPEOX (Grandeur Peak Emerging Markets Opportunities Fund) are both Emerging Markets Equities funds. Over the past 10 years, VMMSX returned 9.31%/yr vs 5.90%/yr for GPEOX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. VMMSX charges 0.84%/yr vs 1.68%/yr for GPEOX.
Performance
VMMSX vs. GPEOX - Performance Comparison
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Returns By Period
In the year-to-date period, VMMSX achieves a 16.78% return, which is significantly lower than GPEOX's 19.96% return. Over the past 10 years, VMMSX has outperformed GPEOX with an annualized return of 9.31%, while GPEOX has yielded a comparatively lower 5.90% annualized return.
VMMSX
- 1D
- 1.20%
- 1M
- 0.49%
- 6M
- 6.39%
- YTD
- 16.78%
- 1Y
- 34.08%
- 3Y*
- 18.79%
- 5Y*
- 7.36%
- 10Y*
- 9.31%
- ALL TIME*
- 5.64%
GPEOX
- 1D
- 2.30%
- 1M
- 0.42%
- 6M
- 10.78%
- YTD
- 19.96%
- 1Y
- 19.56%
- 3Y*
- 7.54%
- 5Y*
- -0.37%
- 10Y*
- 5.90%
- ALL TIME*
- 5.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VMMSX vs. GPEOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMMSX Vanguard Emerging Markets Select Stock Fund | 16.78% | 35.68% | 5.91% | 10.58% | -18.15% | -1.40% | 15.79% | 21.42% | -12.53% | 32.01% |
GPEOX Grandeur Peak Emerging Markets Opportunities Fund | 19.96% | 9.08% | -7.19% | 12.00% | -24.72% | 8.87% | 30.71% | 23.35% | -20.66% | 28.27% |
Correlation
The correlation between VMMSX and GPEOX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.78 |
The correlation between VMMSX and GPEOX shifts across timeframes, from 0.63 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VMMSX vs. GPEOX — Risk / Return Rank
VMMSX
GPEOX
VMMSX vs. GPEOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Select Stock Fund (VMMSX) and Grandeur Peak Emerging Markets Opportunities Fund (GPEOX). 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.
| VMMSX | GPEOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.21 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.03 | +0.53 |
| Martin ratioReturn relative to average drawdown | 8.46 | 5.24 | +3.21 |
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Drawdowns
VMMSX vs. GPEOX - Drawdown Comparison
The maximum VMMSX drawdown since its inception was -39.28%, which is greater than GPEOX's maximum drawdown of -35.84%. Use the drawdown chart below to compare losses from any high point for VMMSX and GPEOX.
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Drawdown Indicators
| VMMSX | GPEOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.28% | -35.84% | -3.44% |
Max Drawdown (1Y)Largest decline over 1 year | -13.46% | -10.22% | -3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -19.53% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -34.41% | -35.84% | +1.43% |
Max Drawdown (10Y)Largest decline over 10 years | -38.82% | -35.84% | -2.98% |
Current DrawdownCurrent decline from peak | -3.45% | -3.91% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -13.08% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 3.94% | +0.13% |
Volatility
VMMSX vs. GPEOX - Volatility Comparison
Vanguard Emerging Markets Select Stock Fund (VMMSX) and Grandeur Peak Emerging Markets Opportunities Fund (GPEOX) have volatilities of 6.48% and 6.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMMSX | GPEOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 6.82% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 16.83% | 16.64% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.21% | 18.64% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.20% | 14.99% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.51% | 14.78% | +3.73% |
VMMSX vs. GPEOX - Expense Ratio Comparison
VMMSX has a 0.84% expense ratio, which is lower than GPEOX's 1.68% expense ratio.
Dividends
VMMSX vs. GPEOX - Dividend Comparison
VMMSX's dividend yield for the trailing twelve months is around 1.98%, less than GPEOX's 21.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPEOX Grandeur Peak Emerging Markets Opportunities Fund | 21.68% | 26.01% | 3.76% | 3.73% | 0.16% | 12.45% | 0.02% | 0.06% | 1.03% | 0.23% | 0.39% | 3.58% |
VMMSX Vanguard Emerging Markets Select Stock Fund | 1.98% | 2.32% | 3.33% | 3.05% | 3.71% | 6.80% | 1.04% | 2.04% | 2.53% | 1.54% | 1.44% | 1.87% |
Frequently Asked Questions
VMMSX and GPEOX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GPEOX has higher volatility (6.82%) compared to VMMSX (6.48%). In terms of maximum drawdown, VMMSX dropped -39.28% vs GPEOX's -35.84%.
VMMSX currently has the higher Sharpe Ratio (1.80 vs 1.11), 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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