EMCR.L vs. VEMT.L
EMCR.L (iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist)) and VEMT.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 VEMT.L tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, EMCR.L returned 1.97%/yr vs 2.24%/yr for VEMT.L. At a 0.45 correlation, their price movements are largely independent. EMCR.L charges 0.50%/yr vs 0.25%/yr for VEMT.L.
Performance
EMCR.L vs. VEMT.L - Performance Comparison
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Different Trading Currencies
EMCR.L is traded in USD, while VEMT.L is traded in GBP. To make them comparable, the VEMT.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with EMCR.L having a 1.80% return and VEMT.L slightly lower at 1.71%.
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%
VEMT.L
- 1D
- 0.21%
- 1M
- -0.06%
- 6M
- 1.93%
- YTD
- 1.71%
- 1Y
- 8.86%
- 3Y*
- 8.19%
- 5Y*
- 2.24%
- 10Y*
- —
EMCR.L vs. VEMT.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% |
VEMT.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 1.71% | 11.94% | 6.28% | 8.91% | -15.34% | -1.46% | 5.67% | 14.08% | -3.03% | 7.77% |
Correlation
The correlation between EMCR.L and VEMT.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2016 | 0.45 |
The correlation between EMCR.L and VEMT.L shifts across timeframes, from 0.45 (1 year) to 0.56 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMCR.L vs. VEMT.L — Risk / Return Rank
EMCR.L
VEMT.L
EMCR.L vs. VEMT.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 (VEMT.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 | VEMT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.31 | -0.05 |
| Martin ratioReturn relative to average drawdown | 9.69 | 8.45 | +1.25 |
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Drawdowns
EMCR.L vs. VEMT.L - Drawdown Comparison
The maximum EMCR.L drawdown since its inception was -22.67%, smaller than the maximum VEMT.L drawdown of -24.08%. Use the drawdown chart below to compare losses from any high point for EMCR.L and VEMT.L.
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Drawdown Indicators
| EMCR.L | VEMT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.67% | -24.08% | +1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -3.82% | +1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -6.35% | +2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -24.05% | +3.85% |
Max Drawdown (10Y)Largest decline over 10 years | -22.67% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.56% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -5.02% | +1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 1.05% | -0.41% |
Volatility
EMCR.L vs. VEMT.L - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (EMCR.L) is 1.02%, while Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VEMT.L) has a volatility of 1.98%. This indicates that EMCR.L experiences smaller price fluctuations and is considered to be less risky than VEMT.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 | VEMT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.98% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 4.86% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 5.99% | -1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 8.17% | -2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 8.60% | -1.10% |
EMCR.L vs. VEMT.L - Expense Ratio Comparison
EMCR.L has a 0.50% expense ratio, which is higher than VEMT.L's 0.25% expense ratio.
Dividends
EMCR.L vs. VEMT.L - Dividend Comparison
EMCR.L's dividend yield for the trailing twelve months is around 5.59%, less than VEMT.L's 5.96% 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% |
VEMT.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.96% | 6.17% | 5.74% | 5.56% | 4.88% | 3.81% | 4.47% | 4.46% | 4.45% | 4.81% | 0.00% | 0.00% |
Frequently Asked Questions
EMCR.L and VEMT.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEMT.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEMT.L is cheaper with a 0.25% expense ratio, compared with 0.50% for EMCR.L.
EMCR.L tracks J.P. Morgan CEMBI Broad Diversified Core Index, while VEMT.L tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for EMCR.L and 0.25% for VEMT.L.
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