VEMAX’s worst drop since 2006 was 66%
Vanguard Emerging Markets Stock Index Admiral (VEMAX) fell 66% from Oct 2007 to Nov 2008. It took 9.8 years from that peak to close at a new high, in Sep 2017. Over the same years the S&P 500 fell as much as 55%.
That drop ranks 6th deepest among the 109 mutual funds PortfolioAutopsy tracks.
Drawdown from the last high, 2006 to now
How VEMAX held up in each crash
| Crash | Years | VEMAX | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | −66.5% | −55.2% |
| COVID crash | 2020 | −33.2% | −33.7% |
| 2022 rate shock | 2022 | −29.0% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how VEMAX behaves inside your whole mix, with the worst 12 months, loss odds and crash replays. Free, no signup, and the math runs in your browser.
Open VEMAX in PortfolioAutopsyCheck my whole portfolioQuestions
What was VEMAX’s maximum drawdown?
VEMAX’s deepest fall since 2006 was 66.5%, from its high on October 31, 2007 to its low on November 20, 2008. The figure uses daily prices with dividends reinvested.
How long did VEMAX take to recover?
9.8 years. VEMAX first closed above its Oct 2007 high again on September 11, 2017.
Was VEMAX riskier than the S&P 500?
Over the same years, VEMAX’s worst drop was 66.5% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −65.1% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, June 26, 2006 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.