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IEMG vs VEA: Performance & Backtest Comparison
VEA delivered the higher return - 8.74% CAGR vs 6.00% - over 2012-11-30 → 2026-07-31.
Growth comparison
Drawdown
Annual returns
| IEMG | VEA | |
|---|---|---|
| Name | iShares Core MSCI Emerging Markets ETF | Vanguard FTSE Developed Markets ETF |
| CAGR | 6.00% | 8.74% |
| Total return | 122.80% | 216.54% |
| Volatility | 16.48% | 14.74% |
| Max drawdown | -34.57%Oct 2022 | -28.08%Sep 2022 |
| Sharpe | 0.33 | 0.53 |
| Sortino | 0.53 | 0.80 |
| Best year | 35.02% | 35.17% |
| Worst year | -21.06% | -15.36% |
| Final balance | $22,280 | $31,654 |
Correlation of monthly returns: 0.84. Wondering if you need both? Check their fund overlap →
All figures are total returns: every dividend and distribution is reinvested on its ex-date, and prices are split-adjusted. See the methodology.
Frequently asked questions
Which has performed better, IEMG or VEA?
Over 2012-11-30 to 2026-07-31, VEA performed better: 8.74% annualized versus 6.00% for IEMG, with dividends reinvested. Past performance does not guarantee future results.
How similar are IEMG and VEA?
Their monthly returns have a correlation of 0.84 over the common period. IEMG is iShares Core MSCI Emerging Markets ETF; VEA is Vanguard FTSE Developed Markets ETF.
Which is riskier, IEMG or VEA?
Over the common period IEMG had 16.48% annualized volatility and a -34.57% max drawdown, versus 14.74% and -28.08% for VEA.