XEMC.TO vs. VEXC
XEMC.TO (iShares MSCI Emerging Markets ex China Index ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - XEMC.TO tracks the MSCI Emerging Markets ex China Index (Net) while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. Their correlation of 0.88 suggests significant overlap in exposure. XEMC.TO charges 0.25%/yr vs 0.07%/yr for VEXC.
Performance
XEMC.TO vs. VEXC - Performance Comparison
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Different Trading Currencies
XEMC.TO is traded in CAD, while VEXC is traded in USD. To make them comparable, the VEXC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XEMC.TO achieves a 43.62% return, which is significantly higher than VEXC's 21.74% return.
XEMC.TO
- 1D
- -0.54%
- 1M
- 14.95%
- YTD
- 43.62%
- 6M
- 46.03%
- 1Y
- 79.31%
- 3Y*
- 29.96%
- 5Y*
- —
- 10Y*
- —
VEXC
- 1D
- -0.80%
- 1M
- 7.05%
- YTD
- 21.74%
- 6M
- 23.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XEMC.TO vs. VEXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XEMC.TO iShares MSCI Emerging Markets ex China Index ETF | 43.62% | 6.09% |
VEXC Vanguard Emerging Markets Ex-China ETF | 21.74% | 2.96% |
Correlation
The correlation between XEMC.TO and VEXC is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 3, 2025 | 0.88 |
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Return for Risk
XEMC.TO vs. VEXC — Risk / Return Rank
XEMC.TO
VEXC
XEMC.TO vs. VEXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ex China Index ETF (XEMC.TO) and Vanguard Emerging Markets Ex-China ETF (VEXC). 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.
| XEMC.TO | VEXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.68 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.08 | — | — |
| Martin ratioReturn relative to average drawdown | 23.21 | — | — |
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
| XEMC.TO | VEXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.83 | 2.23 | -0.40 |
Drawdowns
XEMC.TO vs. VEXC - Drawdown Comparison
The maximum XEMC.TO drawdown since its inception was -14.55%, which is greater than VEXC's maximum drawdown of -11.65%. Use the drawdown chart below to compare losses from any high point for XEMC.TO and VEXC.
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Drawdown Indicators
| XEMC.TO | VEXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.55% | -11.65% | -2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.55% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | -0.80% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -2.19% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | — | — |
Volatility
XEMC.TO vs. VEXC - Volatility Comparison
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Volatility by Period
| XEMC.TO | VEXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.10% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.42% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.69% | 18.30% | +2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.74% | 18.30% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 18.30% | -2.56% |
XEMC.TO vs. VEXC - Expense Ratio Comparison
XEMC.TO has a 0.25% expense ratio, which is higher than VEXC's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XEMC.TO vs. VEXC - Dividend Comparison
XEMC.TO's dividend yield for the trailing twelve months is around 1.72%, more than VEXC's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
VEXC Vanguard Emerging Markets Ex-China ETF | 0.74% | 0.43% | 0.00% | 0.00% |
XEMC.TO iShares MSCI Emerging Markets ex China Index ETF | 1.72% | 2.48% | 2.28% | 1.67% |
Frequently Asked Questions
XEMC.TO and VEXC have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEXC is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEXC is cheaper with a 0.07% expense ratio, compared with 0.25% for XEMC.TO.
XEMC.TO tracks MSCI Emerging Markets ex China Index (Net), while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for XEMC.TO and 0.07% for VEXC.
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