All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

VEMAX: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

VEMAX real return snapshot: after CPI-U inflation, VEMAX returned +17.40% over the past year and +6.24% YTD, with dividends reinvested. Since Jun. 23, 2006, VEMAX is up +102.69% in real purchasing-power return, or +3.59%/yr, and is currently āˆ’3.92% below its real total-return high on Feb. 17, 2021.

Data ending Wed Jul. 8, 2026

Fri 2006-06-23šŸ’¬ to Wed 2026-07-08 YTD
Return 		1 Year
Return
VEMAX × 		+6.24%
2026-07-08 		+17.40%
2026-07-08
Vanguard Emerging Markets Stock Index Fund Admiral Shares Mutual Fund

Returns

Fri 2006-06-23šŸ’¬ to Wed 2026-07-08 Overall
Return 		Exponential
Trendline
VEMAX × 		+102.69%
+3.59%/yr 		+1.46%/yr
(R2=0.238)
Vanguard Emerging Markets Stock Index Fund Admiral Shares Mutual Fund

Growth of $10,000

Fri 2006-06-23šŸ’¬ to Wed 2026-07-08 Start
Value 		End
Value
VEMAX × 		$10,000.00
2006-06-23 		$20,269.22
2026-07-08
Vanguard Emerging Markets Stock Index Fund Admiral Shares Mutual Fund

Annual Returns

Year VEMAX
2026 (YTD) +6.24%
2025 +21.52%
2024 +7.87%
2023 +5.63%
2022 āˆ’22.79%
2021 āˆ’5.78%
2020 +13.69%
2019 +17.60%
2018 āˆ’16.19%
2017 +28.65%
2016 +9.45%
2015 āˆ’15.97%
2014 āˆ’0.16%
2013 āˆ’6.45%
2012 +16.80%
2011 āˆ’20.94%
2010 +17.19%
2009 +71.64%
2008 āˆ’52.84%
2007 +33.69%
2006 +30.61%

Drawdowns

Fri 2006-06-23šŸ’¬ to Wed 2026-07-08 Current
Drawdown 		Worst
Drawdown
VEMAX × 		āˆ’3.92%
from 2021-02-17 peak 		āˆ’67.21%
2008-11-20
from 2007-10-31 peak
Vanguard Emerging Markets Stock Index Fund Admiral Shares Mutual Fund

Rolling Returns

Period ending Wed 2026-07-08 1
Year 		2
Years 		3
Years 		5
Years 		10
Years
VEMAX × 		+17.40% +30.43%
+14.21%/yr 		+44.86%
+13.15%/yr 		+6.94%
+1.35%/yr 		+59.28%
+4.77%/yr
Vanguard Emerging Markets Stock Index Fund Admiral Shares Mutual Fund