AASG.L vs. VFEM.DE
AASG.L (Amundi MSCI Emerging Markets Asia UCITS ETF USD) and VFEM.DE (Vanguard FTSE Emerging Markets UCITS ETF Distributing) are both exchange-traded funds - AASG.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Ex Japan NR USD, while VFEM.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, AASG.L returned 9.38%/yr vs 6.25%/yr for VFEM.DE. Their correlation of 0.90 suggests significant overlap in exposure. AASG.L charges 0.20%/yr vs 0.22%/yr for VFEM.DE.
Performance
AASG.L vs. VFEM.DE - Performance Comparison
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Different Trading Currencies
AASG.L is traded in GBp, while VFEM.DE is traded in EUR. To make them comparable, the VFEM.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AASG.L achieves a 32.89% return, which is significantly higher than VFEM.DE's 12.26% return.
AASG.L
- 1D
- -0.95%
- 1M
- 13.19%
- YTD
- 32.89%
- 6M
- 35.83%
- 1Y
- 64.11%
- 3Y*
- 23.54%
- 5Y*
- 9.38%
- 10Y*
- 12.54%
VFEM.DE
- 1D
- -1.20%
- 1M
- 3.77%
- YTD
- 12.26%
- 6M
- 12.90%
- 1Y
- 32.04%
- 3Y*
- 15.32%
- 5Y*
- 6.25%
- 10Y*
- —
AASG.L vs. VFEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AASG.L Amundi MSCI Emerging Markets Asia UCITS ETF USD | 32.89% | 23.83% | 14.04% | 0.69% | -11.51% | -4.50% | 24.04% | 14.10% | -10.84% | 1.90% |
VFEM.DE Vanguard FTSE Emerging Markets UCITS ETF Distributing | 12.26% | 17.20% | 14.60% | 1.22% | -6.15% | -1.16% | 9.40% | 17.14% | -8.05% | 2.16% |
Correlation
The correlation between AASG.L and VFEM.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.90 |
The correlation between AASG.L and VFEM.DE shifts across timeframes, from 0.78 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AASG.L vs. VFEM.DE — Risk / Return Rank
AASG.L
VFEM.DE
AASG.L vs. VFEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Markets Asia UCITS ETF USD (AASG.L) 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.
| AASG.L | VFEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.40 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 5.56 | 3.60 | +1.96 |
| Martin ratioReturn relative to average drawdown | 19.24 | 12.04 | +7.20 |
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
| AASG.L | VFEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.50 | 2.27 | +1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.39 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.35 | +0.34 |
Drawdowns
AASG.L vs. VFEM.DE - Drawdown Comparison
The maximum AASG.L drawdown since its inception was -34.12%, which is greater than VFEM.DE's maximum drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for AASG.L and VFEM.DE.
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Drawdown Indicators
| AASG.L | VFEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -25.58% | -8.54% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -8.85% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -17.56% | -16.05% | -1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -28.57% | -19.68% | -8.89% |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | — | — |
Current DrawdownCurrent decline from peak | -0.95% | -1.20% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -11.03% | -8.40% | -2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 2.65% | +0.67% |
Volatility
AASG.L vs. VFEM.DE - Volatility Comparison
Amundi MSCI Emerging Markets Asia UCITS ETF USD (AASG.L) has a higher volatility of 8.31% compared to Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.DE) at 5.50%. This indicates that AASG.L'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
| AASG.L | VFEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.31% | 5.50% | +2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 15.42% | 11.40% | +4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 14.06% | +4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.68% | 15.67% | +2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 17.95% | +0.60% |
AASG.L vs. VFEM.DE - Expense Ratio Comparison
AASG.L has a 0.20% 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
AASG.L vs. VFEM.DE - Dividend Comparison
AASG.L has not paid dividends to shareholders, while VFEM.DE's dividend yield for the trailing twelve months is around 2.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AASG.L Amundi MSCI Emerging Markets Asia UCITS ETF USD | 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 | 2.03% | 2.39% | 2.28% | 2.66% | 3.38% | 2.26% | 1.93% | 2.32% | 2.79% | 0.20% |
Frequently Asked Questions
AASG.L and VFEM.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AASG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AASG.L is cheaper with a 0.20% expense ratio, compared with 0.22% for VFEM.DE.
AASG.L is categorized as Asia Pacific Equities, while VFEM.DE is Emerging Markets Equities. AASG.L tracks MSCI AC Asia Ex Japan NR USD, while VFEM.DE tracks MSCI EM NR USD. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.20% for AASG.L and 0.22% for VFEM.DE.
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