EMSA.L vs. VDET.L
EMSA.L (iShares J.P. Morgan ESG USD EM Bond UCITS ETF USD (Acc)) and VDET.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) are both Emerging Markets Bonds funds - EMSA.L tracks the JPM EMBI Global Diversified TR USD while VDET.L tracks the Bloomberg EM USD Sovereign + Quasi-Sov Index. Both are passively managed. Over the past 5 years, EMSA.L returned 1.36%/yr vs 2.30%/yr for VDET.L. Their correlation of 0.88 suggests significant overlap in exposure. EMSA.L charges 0.45%/yr vs 0.23%/yr for VDET.L.
Performance
EMSA.L vs. VDET.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMSA.L achieves a 1.61% return, which is significantly higher than VDET.L's 1.31% return.
EMSA.L
- 1D
- 0.20%
- 1M
- 1.06%
- YTD
- 1.61%
- 6M
- 2.19%
- 1Y
- 10.63%
- 3Y*
- 9.08%
- 5Y*
- 1.36%
- 10Y*
- —
VDET.L
- 1D
- -0.02%
- 1M
- 0.71%
- YTD
- 1.31%
- 6M
- 1.85%
- 1Y
- 9.46%
- 3Y*
- 8.79%
- 5Y*
- 2.30%
- 10Y*
- —
EMSA.L vs. VDET.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EMSA.L iShares J.P. Morgan ESG USD EM Bond UCITS ETF USD (Acc) | 1.61% | 13.11% | 5.32% | 9.71% | -18.78% | -3.11% | 6.03% | 15.79% | -0.63% |
VDET.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 1.31% | 11.70% | 6.40% | 9.41% | -15.27% | -1.76% | 6.08% | 13.11% | 0.37% |
Correlation
The correlation between EMSA.L and VDET.L is 0.82, 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 | 0.82 |
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 Sep 27, 2018 | 0.88 |
The correlation between EMSA.L and VDET.L has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMSA.L vs. VDET.L — Risk / Return Rank
EMSA.L
VDET.L
EMSA.L vs. VDET.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan ESG USD EM Bond UCITS ETF USD (Acc) (EMSA.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.
| EMSA.L | VDET.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.38 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.65 | -0.18 |
| Martin ratioReturn relative to average drawdown | 10.09 | 10.75 | -0.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EMSA.L | VDET.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 2.00 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.32 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.45 | -0.12 |
Drawdowns
EMSA.L vs. VDET.L - Drawdown Comparison
The maximum EMSA.L drawdown since its inception was -29.12%, which is greater than VDET.L's maximum drawdown of -24.09%. Use the drawdown chart below to compare losses from any high point for EMSA.L and VDET.L.
Loading charts...
Drawdown Indicators
| EMSA.L | VDET.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.12% | -24.09% | -5.03% |
Max Drawdown (1Y)Largest decline over 1 year | -4.29% | -3.56% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -7.28% | -6.04% | -1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -28.91% | -24.09% | -4.82% |
Current DrawdownCurrent decline from peak | -0.22% | -0.22% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -4.96% | -3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.88% | +0.17% |
Volatility
EMSA.L vs. VDET.L - Volatility Comparison
iShares J.P. Morgan ESG USD EM Bond UCITS ETF USD (Acc) (EMSA.L) has a higher volatility of 2.09% compared to Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VDET.L) at 1.79%. This indicates that EMSA.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.
Loading charts...
Volatility by Period
| EMSA.L | VDET.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 1.79% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 4.47% | 3.72% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.49% | 4.72% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.46% | 7.17% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.76% | 7.70% | +2.06% |
EMSA.L vs. VDET.L - Expense Ratio Comparison
EMSA.L has a 0.45% expense ratio, which is higher than VDET.L's 0.23% expense ratio.
Dividends
EMSA.L vs. VDET.L - Dividend Comparison
EMSA.L has not paid dividends to shareholders, while VDET.L's dividend yield for the trailing twelve months is around 5.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMSA.L iShares J.P. Morgan ESG USD EM Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VDET.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.91% | 6.03% | 5.84% | 5.44% | 5.01% | 3.89% | 4.19% | 4.32% | 4.61% | 4.59% |
Frequently Asked Questions
EMSA.L and VDET.L have a correlation of 0.82, 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 0.45% for EMSA.L.
EMSA.L tracks JPM EMBI Global Diversified TR USD, while VDET.L tracks Bloomberg EM USD Sovereign + Quasi-Sov Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.45% for EMSA.L and 0.23% for VDET.L.
Find the right allocation for EMSA.L and VDET.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer