EMCR.L vs. VDET.L
EMCR.L (iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist)) and VDET.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) are both Emerging Markets Bonds funds - EMCR.L tracks the J.P. Morgan CEMBI Broad Diversified Core Index while VDET.L tracks the Bloomberg EM USD Sovereign + Quasi-Sov Index. Both are passively managed. Over the past 5 years, EMCR.L returned 1.97%/yr vs 2.19%/yr for VDET.L. A 0.60 correlation means they provide meaningful diversification when combined. EMCR.L charges 0.50%/yr vs 0.23%/yr for VDET.L.
Performance
EMCR.L vs. VDET.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMCR.L achieves a 1.80% return, which is significantly higher than VDET.L's 1.56% return.
EMCR.L
- 1D
- 0.29%
- 1M
- 0.23%
- 6M
- 1.61%
- YTD
- 1.80%
- 1Y
- 6.43%
- 3Y*
- 7.10%
- 5Y*
- 1.97%
- 10Y*
- 3.52%
VDET.L
- 1D
- 0.18%
- 1M
- -0.45%
- 6M
- 1.90%
- YTD
- 1.56%
- 1Y
- 8.62%
- 3Y*
- 8.09%
- 5Y*
- 2.19%
- 10Y*
- —
EMCR.L vs. VDET.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMCR.L iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 1.80% | 8.43% | 6.66% | 7.85% | -12.39% | -0.65% | 7.22% | 13.82% | -2.71% | 7.74% |
VDET.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 1.56% | 11.70% | 6.40% | 9.42% | -15.28% | -1.76% | 6.08% | 13.12% | -2.74% | 8.09% |
Correlation
The correlation between EMCR.L and VDET.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2016 | 0.60 |
The correlation between EMCR.L and VDET.L shifts across timeframes, from 0.57 (1 year) to 0.68 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMCR.L vs. VDET.L — Risk / Return Rank
EMCR.L
VDET.L
EMCR.L vs. VDET.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (EMCR.L) and Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VDET.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMCR.L | VDET.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.35 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.42 | -0.16 |
| Martin ratioReturn relative to average drawdown | 9.69 | 9.78 | -0.09 |
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Drawdowns
EMCR.L vs. VDET.L - Drawdown Comparison
The maximum EMCR.L drawdown since its inception was -22.67%, smaller than the maximum VDET.L drawdown of -24.10%. Use the drawdown chart below to compare losses from any high point for EMCR.L and VDET.L.
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Drawdown Indicators
| EMCR.L | VDET.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.67% | -24.10% | +1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -3.55% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -6.04% | +2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -24.10% | +3.90% |
Max Drawdown (10Y)Largest decline over 10 years | -22.67% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.45% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -4.89% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.88% | -0.24% |
Volatility
EMCR.L vs. VDET.L - Volatility Comparison
iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (EMCR.L) has a higher volatility of 1.02% compared to Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VDET.L) at 0.79%. This indicates that EMCR.L's price experiences larger fluctuations and is considered to be riskier than VDET.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMCR.L | VDET.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 0.79% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 3.77% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 4.73% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 7.18% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 7.66% | -0.16% |
EMCR.L vs. VDET.L - Expense Ratio Comparison
EMCR.L has a 0.50% expense ratio, which is higher than VDET.L's 0.23% expense ratio.
Dividends
EMCR.L vs. VDET.L - Dividend Comparison
EMCR.L's dividend yield for the trailing twelve months is around 5.59%, less than VDET.L's 5.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMCR.L iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 5.59% | 5.56% | 5.44% | 5.04% | 4.28% | 3.62% | 3.93% | 4.58% | 4.70% | 4.35% | 4.61% | 5.13% |
VDET.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.90% | 6.03% | 5.84% | 5.44% | 5.01% | 3.89% | 4.19% | 4.32% | 4.61% | 4.59% | 0.00% | 0.00% |
Frequently Asked Questions
EMCR.L and VDET.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDET.L is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDET.L is cheaper with a 0.23% expense ratio, compared with 0.50% for EMCR.L.
EMCR.L tracks J.P. Morgan CEMBI Broad Diversified Core Index, while VDET.L tracks Bloomberg EM USD Sovereign + Quasi-Sov Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for EMCR.L and 0.23% for VDET.L.
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