EMIG.L vs. VEMT.L
EMIG.L (UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc) and VEMT.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) are both Emerging Markets Bonds funds tracking the JPM EMBI Global Diversified TR USD, from UBS and Vanguard respectively. Both are passively managed. Over the past 5 years, EMIG.L returned 0.89%/yr vs 3.40%/yr for VEMT.L. Their correlation of 0.89 suggests significant overlap in exposure. EMIG.L charges 0.45%/yr vs 0.25%/yr for VEMT.L.
Performance
EMIG.L vs. VEMT.L - Performance Comparison
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Different Trading Currencies
EMIG.L is traded in GBp, while VEMT.L is traded in GBP. To make them comparable, the VEMT.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMIG.L achieves a 0.13% return, which is significantly lower than VEMT.L's 1.55% return.
EMIG.L
- 1D
- -0.09%
- 1M
- 1.05%
- YTD
- 0.13%
- 6M
- -0.29%
- 1Y
- 7.08%
- 3Y*
- 2.15%
- 5Y*
- 0.89%
- 10Y*
- —
VEMT.L
- 1D
- 0.03%
- 1M
- 1.60%
- YTD
- 1.55%
- 6M
- 1.13%
- 1Y
- 10.55%
- 3Y*
- 5.98%
- 5Y*
- 3.40%
- 10Y*
- —
EMIG.L vs. VEMT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMIG.L UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc | 0.13% | 1.96% | 3.34% | 0.56% | -7.44% | -0.84% | 5.09% | -5.65% |
VEMT.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 1.55% | 4.07% | 8.08% | 3.44% | -5.19% | -0.56% | 2.53% | -6.72% |
Correlation
The correlation between EMIG.L and VEMT.L is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2019 | 0.89 |
The correlation between EMIG.L and VEMT.L has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
EMIG.L vs. VEMT.L — Risk / Return Rank
EMIG.L
VEMT.L
EMIG.L vs. VEMT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.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.
| EMIG.L | VEMT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.30 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.44 | -1.03 |
| Martin ratioReturn relative to average drawdown | 3.30 | 6.86 | -3.56 |
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
| EMIG.L | VEMT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.72 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.42 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.30 | -0.36 |
Drawdowns
EMIG.L vs. VEMT.L - Drawdown Comparison
The maximum EMIG.L drawdown since its inception was -17.02%, which is greater than VEMT.L's maximum drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for EMIG.L and VEMT.L.
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Drawdown Indicators
| EMIG.L | VEMT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.02% | -14.64% | -2.38% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -4.31% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -8.09% | -8.59% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -14.52% | -11.41% | -3.11% |
Current DrawdownCurrent decline from peak | -7.24% | -0.50% | -6.74% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -5.88% | -3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.53% | +0.61% |
Volatility
EMIG.L vs. VEMT.L - Volatility Comparison
UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.L) has a higher volatility of 1.49% compared to Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VEMT.L) at 1.33%. This indicates that EMIG.L's price experiences larger fluctuations and is considered to be riskier 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
| EMIG.L | VEMT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.33% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 4.50% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 6.11% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.28% | 8.13% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.47% | 9.15% | +0.32% |
EMIG.L vs. VEMT.L - Expense Ratio Comparison
EMIG.L has a 0.45% expense ratio, which is higher than VEMT.L's 0.25% expense ratio.
Dividends
EMIG.L vs. VEMT.L - Dividend Comparison
EMIG.L has not paid dividends to shareholders, while VEMT.L's dividend yield for the trailing twelve months is around 5.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMIG.L UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEMT.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.92% | 6.17% | 5.74% | 5.56% | 4.88% | 3.81% | 4.47% | 4.46% | 4.44% | 4.81% |
Frequently Asked Questions
EMIG.L and VEMT.L have a correlation of 0.85, 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 0.45% for EMIG.L.
Both ETFs track JPM EMBI Global Diversified TR USD. They also come from different issuers: UBS and Vanguard. Their fees differ too: 0.45% for EMIG.L and 0.25% for VEMT.L.
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