VMMSX vs. VEMIX
Compare and contrast key facts about Vanguard Emerging Markets Select Stock Fund (VMMSX) and Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX).
VMMSX is managed by Vanguard. It was launched on Jun 27, 2011. VEMIX is managed by Vanguard. It was launched on Jun 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMMSX or VEMIX.
Key characteristics
| VMMSX | VEMIX | |
|---|---|---|
| YTD Return | 8.95% | 11.93% |
| 1Y Return | 14.09% | 17.36% |
| 3Y Return (Ann) | -2.14% | -1.19% |
| 5Y Return (Ann) | 3.74% | 4.50% |
| 10Y Return (Ann) | 3.96% | 3.61% |
| Sharpe Ratio | 1.02 | 1.50 |
| Sortino Ratio | 1.51 | 2.16 |
| Omega Ratio | 1.19 | 1.27 |
| Calmar Ratio | 0.62 | 0.83 |
| Martin Ratio | 4.64 | 7.90 |
| Ulcer Index | 3.50% | 2.41% |
| Daily Std Dev | 15.96% | 12.72% |
| Max Drawdown | -39.28% | -66.43% |
| Current Drawdown | -14.40% | -9.63% |
Correlation
The correlation between VMMSX and VEMIX is 0.98, 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.
Performance
VMMSX vs. VEMIX - Performance Comparison
In the year-to-date period, VMMSX achieves a 8.95% return, which is significantly lower than VEMIX's 11.93% return. Over the past 10 years, VMMSX has outperformed VEMIX with an annualized return of 3.96%, while VEMIX has yielded a comparatively lower 3.61% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VMMSX vs. VEMIX - Expense Ratio Comparison
VMMSX has a 0.84% expense ratio, which is higher than VEMIX's 0.10% expense ratio.
Risk-Adjusted Performance
VMMSX vs. VEMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Select Stock Fund (VMMSX) 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.
Dividends
VMMSX vs. VEMIX - Dividend Comparison
VMMSX's dividend yield for the trailing twelve months is around 2.79%, more than VEMIX's 2.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMMSX Vanguard Emerging Markets Select Stock Fund | 2.79% | 3.04% | 3.71% | 1.99% | 1.04% | 2.04% | 2.53% | 1.54% | 1.44% | 1.87% | 1.39% | 1.32% |
VEMIX Vanguard Emerging Markets Stock Index Fund Institutional Shares | 2.63% | 3.51% | 4.09% | 2.61% | 1.91% | 3.23% | 2.89% | 2.33% | 2.55% | 3.29% | 2.88% | 2.79% |
Drawdowns
VMMSX vs. VEMIX - Drawdown Comparison
The maximum VMMSX drawdown since its inception was -39.28%, smaller than the maximum VEMIX drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for VMMSX and VEMIX. For additional features, visit the drawdowns tool.
Volatility
VMMSX vs. VEMIX - Volatility Comparison
Vanguard Emerging Markets Select Stock Fund (VMMSX) has a higher volatility of 4.65% compared to Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) at 4.10%. This indicates that VMMSX's price experiences larger fluctuations and is considered to be riskier than VEMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.