VTPSX vs. VEMIX
VTPSX (Vanguard Total International Stock Index Fund Institutional Plus Shares) and VEMIX (Vanguard Emerging Markets Stock Index Fund Institutional Shares) are both mutual funds - VTPSX is a Foreign Large Cap Equities fund tracking the FTSE Global All Cap ex US Index, while VEMIX is a Emerging Markets Equities fund managed by Vanguard. Over the past 10 years, VTPSX returned 10.02%/yr vs 8.96%/yr for VEMIX. Their correlation of 0.87 suggests significant overlap in exposure. VTPSX charges 0.05%/yr vs 0.10%/yr for VEMIX.
Performance
VTPSX vs. VEMIX - Performance Comparison
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Returns By Period
In the year-to-date period, VTPSX achieves a 15.63% return, which is significantly higher than VEMIX's 13.17% return. Over the past 10 years, VTPSX has outperformed VEMIX with an annualized return of 10.02%, while VEMIX has yielded a comparatively lower 8.96% annualized return.
VTPSX
- 1D
- 1.34%
- 1M
- 3.10%
- YTD
- 15.63%
- 6M
- 16.34%
- 1Y
- 34.04%
- 3Y*
- 18.64%
- 5Y*
- 9.29%
- 10Y*
- 10.02%
VEMIX
- 1D
- 1.50%
- 1M
- 3.21%
- YTD
- 13.17%
- 6M
- 13.84%
- 1Y
- 31.00%
- 3Y*
- 16.78%
- 5Y*
- 5.83%
- 10Y*
- 8.96%
VTPSX vs. VEMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTPSX Vanguard Total International Stock Index Fund Institutional Plus Shares | 15.63% | 32.25% | 5.39% | 15.31% | -15.99% | 8.64% | 11.29% | 21.57% | -14.40% | 27.56% |
VEMIX Vanguard Emerging Markets Stock Index Fund Institutional Shares | 13.17% | 24.80% | 11.38% | 8.85% | -17.75% | 0.91% | 15.26% | 20.35% | -14.55% | 31.42% |
Correlation
The correlation between VTPSX and VEMIX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2010 | 0.87 |
The correlation between VTPSX and VEMIX has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
VTPSX vs. VEMIX — Risk / Return Rank
VTPSX
VEMIX
VTPSX vs. VEMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Stock Index Fund Institutional Plus Shares (VTPSX) 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.
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.
| VTPSX | VEMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.36 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 2.71 | +0.23 |
| Martin ratioReturn relative to average drawdown | 11.45 | 9.86 | +1.59 |
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Drawdowns
VTPSX vs. VEMIX - Drawdown Comparison
The maximum VTPSX drawdown since its inception was -35.77%, smaller than the maximum VEMIX drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for VTPSX and VEMIX.
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Drawdown Indicators
| VTPSX | VEMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.77% | -66.43% | +30.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -11.05% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -13.14% | -15.77% | +2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -29.49% | -32.45% | +2.96% |
Max Drawdown (10Y)Largest decline over 10 years | -35.77% | -36.04% | +0.27% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -8.03% | -15.96% | +7.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 3.03% | -0.13% |
Volatility
VTPSX vs. VEMIX - Volatility Comparison
Vanguard Total International Stock Index Fund Institutional Plus Shares (VTPSX) and Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) have volatilities of 6.11% and 6.11%, 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
| VTPSX | VEMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 6.11% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 13.05% | 12.87% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.08% | 15.11% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 15.52% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.97% | 16.50% | -0.53% |
VTPSX vs. VEMIX - Expense Ratio Comparison
VTPSX has a 0.05% 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
VTPSX vs. VEMIX - Dividend Comparison
VTPSX's dividend yield for the trailing twelve months is around 2.52%, more than VEMIX's 2.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEMIX Vanguard Emerging Markets Stock Index Fund Institutional Shares | 2.27% | 2.77% | 3.17% | 3.51% | 4.09% | 2.61% | 1.90% | 3.23% | 2.89% | 2.33% | 2.55% | 2.51% |
VTPSX Vanguard Total International Stock Index Fund Institutional Plus Shares | 2.52% | 3.18% | 3.37% | 3.25% | 3.09% | 3.09% | 2.13% | 3.08% | 3.20% | 2.77% | 2.97% | 2.89% |
Frequently Asked Questions
VTPSX and VEMIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEMIX has higher volatility (6.11%) compared to VTPSX (6.11%). In terms of maximum drawdown, VTPSX dropped -35.77% vs VEMIX's -66.43%.
VTPSX currently has the higher Sharpe Ratio (2.20 vs 1.98), 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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