IEMB.L vs. VDET.L
IEMB.L (iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist)) and VDET.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) are both Emerging Markets Bonds funds. Over the past 5 years, IEMB.L returned 1.91%/yr vs 2.30%/yr for VDET.L. Their correlation of 0.90 suggests significant overlap in exposure. IEMB.L charges 0.45%/yr vs 0.23%/yr for VDET.L.
Performance
IEMB.L vs. VDET.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEMB.L achieves a 1.62% return, which is significantly higher than VDET.L's 1.31% return.
IEMB.L
- 1D
- 0.41%
- 1M
- 1.01%
- YTD
- 1.62%
- 6M
- 2.22%
- 1Y
- 11.20%
- 3Y*
- 9.72%
- 5Y*
- 1.91%
- 10Y*
- 3.32%
VDET.L
- 1D
- -0.02%
- 1M
- 0.71%
- YTD
- 1.31%
- 6M
- 1.85%
- 1Y
- 9.46%
- 3Y*
- 8.79%
- 5Y*
- 2.30%
- 10Y*
- —
IEMB.L vs. VDET.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 1.62% | 13.71% | 5.70% | 10.54% | -18.35% | -2.28% | 5.57% | 16.06% | -5.53% | 9.73% |
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% | -2.74% | 8.10% |
Correlation
The correlation between IEMB.L and VDET.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2016 | 0.90 |
The correlation between IEMB.L and VDET.L has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.
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Return for Risk
IEMB.L vs. VDET.L — Risk / Return Rank
IEMB.L
VDET.L
IEMB.L vs. VDET.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.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.
| IEMB.L | VDET.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.38 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.65 | -0.07 |
| Martin ratioReturn relative to average drawdown | 10.73 | 10.75 | -0.02 |
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
| IEMB.L | VDET.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.00 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.32 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.45 | +0.05 |
Drawdowns
IEMB.L vs. VDET.L - Drawdown Comparison
The maximum IEMB.L drawdown since its inception was -32.08%, 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 IEMB.L and VDET.L.
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Drawdown Indicators
| IEMB.L | VDET.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.08% | -24.09% | -7.99% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -3.56% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -6.04% | -1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -28.62% | -24.09% | -4.53% |
Max Drawdown (10Y)Largest decline over 10 years | -28.62% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.22% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -4.96% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.88% | +0.16% |
Volatility
IEMB.L vs. VDET.L - Volatility Comparison
iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.L) has a higher volatility of 2.57% compared to Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VDET.L) at 1.79%. This indicates that IEMB.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
| IEMB.L | VDET.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 1.79% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 3.72% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 4.72% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.87% | 7.17% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 7.70% | +1.55% |
IEMB.L vs. VDET.L - Expense Ratio Comparison
IEMB.L has a 0.45% expense ratio, which is higher than VDET.L's 0.23% expense ratio.
Dividends
IEMB.L vs. VDET.L - Dividend Comparison
IEMB.L's dividend yield for the trailing twelve months is around 5.83%, less than VDET.L's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 5.83% | 5.85% | 5.80% | 5.65% | 5.55% | 3.95% | 3.86% | 4.73% | 4.82% | 4.79% | 5.57% | 4.78% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
IEMB.L and VDET.L have a correlation of 0.87, 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 IEMB.L.
They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.45% for IEMB.L and 0.23% for VDET.L.
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