84X0.DE vs. VFEM.DE
84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) and VFEM.DE (Vanguard FTSE Emerging Markets UCITS ETF Distributing) are both Emerging Markets Equities funds - 84X0.DE tracks the MSCI Emerging Markets ex China Index (Net) while VFEM.DE tracks the MSCI EM NR USD. Both are passively managed. Over the past year, 84X0.DE returned 67.73% vs 26.20% for VFEM.DE. Their correlation of 0.83 suggests significant overlap in exposure. 84X0.DE charges 0.18%/yr vs 0.22%/yr for VFEM.DE.
Performance
84X0.DE vs. VFEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 84X0.DE achieves a 40.37% return, which is significantly higher than VFEM.DE's 12.66% return.
84X0.DE
- 1D
- -1.73%
- 1M
- 5.67%
- YTD
- 40.37%
- 6M
- 42.72%
- 1Y
- 67.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VFEM.DE
- 1D
- -0.53%
- 1M
- 0.42%
- YTD
- 12.66%
- 6M
- 12.25%
- 1Y
- 26.20%
- 3Y*
- 15.05%
- 5Y*
- 6.01%
- 10Y*
- —
84X0.DE vs. VFEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc | 40.37% | 19.85% | 9.62% | 7.38% |
VFEM.DE Vanguard FTSE Emerging Markets UCITS ETF Distributing | 12.66% | 11.40% | 19.82% | 2.15% |
Correlation
The correlation between 84X0.DE and VFEM.DE 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 (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.83 |
The correlation between 84X0.DE and VFEM.DE has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
84X0.DE vs. VFEM.DE — Risk / Return Rank
84X0.DE
VFEM.DE
84X0.DE vs. VFEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) and Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.DE). 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.
| 84X0.DE | VFEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.32 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 3.11 | +2.76 |
| Martin ratioReturn relative to average drawdown | 21.92 | 10.36 | +11.56 |
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
| 84X0.DE | VFEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.52 | 1.80 | +1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.77 | 0.36 | +1.41 |
Drawdowns
84X0.DE vs. VFEM.DE - Drawdown Comparison
The maximum 84X0.DE drawdown since its inception was -19.72%, smaller than the maximum VFEM.DE drawdown of -31.59%. Use the drawdown chart below to compare losses from any high point for 84X0.DE and VFEM.DE.
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Drawdown Indicators
| 84X0.DE | VFEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.72% | -31.59% | +11.87% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -8.49% | -3.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.56% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.11% | — |
Current DrawdownCurrent decline from peak | -2.49% | -1.73% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -8.24% | +5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.55% | +0.58% |
Volatility
84X0.DE vs. VFEM.DE - Volatility Comparison
iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) has a higher volatility of 8.41% compared to Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.DE) at 5.44%. This indicates that 84X0.DE's price experiences larger fluctuations and is considered to be riskier than VFEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 84X0.DE | VFEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 5.44% | +2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 16.93% | 11.70% | +5.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.46% | 14.69% | +4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 15.93% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 18.20% | -1.09% |
84X0.DE vs. VFEM.DE - Expense Ratio Comparison
84X0.DE has a 0.18% expense ratio, which is lower than VFEM.DE's 0.22% 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
84X0.DE vs. VFEM.DE - Dividend Comparison
84X0.DE has not paid dividends to shareholders, while VFEM.DE's dividend yield for the trailing twelve months is around 2.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VFEM.DE Vanguard FTSE Emerging Markets UCITS ETF Distributing | 2.04% | 2.39% | 2.28% | 2.66% | 3.38% | 2.26% | 1.93% | 2.32% | 2.79% | 0.20% |
Frequently Asked Questions
84X0.DE and VFEM.DE 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, 84X0.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
84X0.DE is cheaper with a 0.18% expense ratio, compared with 0.22% for VFEM.DE.
84X0.DE tracks MSCI Emerging Markets ex China Index (Net), while VFEM.DE tracks MSCI EM NR USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for 84X0.DE and 0.22% for VFEM.DE.
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