IGAA.L vs. VDET.L
IGAA.L (iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc)) and VDET.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) are both Emerging Markets Bonds funds - IGAA.L tracks the BBG EM Asia Local Currency Govt Country Cap NET Index while VDET.L tracks the Bloomberg EM USD Sovereign + Quasi-Sov Index. Both are passively managed. Over the past 5 years, IGAA.L returned -0.14%/yr vs 2.12%/yr for VDET.L. At a 0.47 correlation, their price movements are largely independent. IGAA.L charges 0.50%/yr vs 0.23%/yr for VDET.L.
Performance
IGAA.L vs. VDET.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGAA.L achieves a -4.38% return, which is significantly lower than VDET.L's 1.21% return.
IGAA.L
- 1D
- 0.18%
- 1M
- -0.53%
- 6M
- -3.89%
- YTD
- -4.38%
- 1Y
- -5.18%
- 3Y*
- 1.39%
- 5Y*
- -0.14%
- 10Y*
- —
VDET.L
- 1D
- -0.34%
- 1M
- -0.72%
- 6M
- 1.16%
- YTD
- 1.21%
- 1Y
- 8.40%
- 3Y*
- 8.06%
- 5Y*
- 2.12%
- 10Y*
- —
IGAA.L vs. VDET.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IGAA.L iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc) | -4.38% | 5.88% | 1.45% | 4.93% | -8.03% | -4.34% | 9.11% | 9.15% | -0.00% |
VDET.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 1.21% | 11.70% | 6.40% | 9.42% | -15.28% | -1.76% | 6.08% | 13.12% | 0.54% |
Correlation
The correlation between IGAA.L and VDET.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since May 31, 2018 | 0.47 |
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Return for Risk
IGAA.L vs. VDET.L — Risk / Return Rank
IGAA.L
VDET.L
IGAA.L vs. VDET.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc) (IGAA.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.
| IGAA.L | VDET.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -4.06 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.34 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.36 | -3.14 |
| Martin ratioReturn relative to average drawdown | -1.61 | 9.52 | -11.12 |
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Drawdowns
IGAA.L vs. VDET.L - Drawdown Comparison
The maximum IGAA.L drawdown since its inception was -21.59%, smaller than the maximum VDET.L drawdown of -24.10%. Use the drawdown chart below to compare losses from any high point for IGAA.L and VDET.L.
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Drawdown Indicators
| IGAA.L | VDET.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -24.10% | +2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -3.55% | -3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -7.68% | -6.04% | -1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -18.76% | -24.10% | +5.34% |
Current DrawdownCurrent decline from peak | -5.80% | -0.79% | -5.01% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -4.89% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 0.88% | +2.34% |
Volatility
IGAA.L vs. VDET.L - Volatility Comparison
iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc) (IGAA.L) has a higher volatility of 1.46% compared to Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VDET.L) at 0.85%. This indicates that IGAA.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
| IGAA.L | VDET.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 0.85% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 4.91% | 3.77% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 4.74% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 7.18% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.12% | 7.66% | -1.54% |
IGAA.L vs. VDET.L - Expense Ratio Comparison
IGAA.L has a 0.50% expense ratio, which is higher than VDET.L's 0.23% expense ratio.
Dividends
IGAA.L vs. VDET.L - Dividend Comparison
IGAA.L has not paid dividends to shareholders, while VDET.L's dividend yield for the trailing twelve months is around 6.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IGAA.L iShares Emerging Asia Local Govt 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 | 5.86% | 6.03% | 5.84% | 5.44% | 5.01% | 3.89% | 4.19% | 4.32% | 4.61% | 4.59% |
Frequently Asked Questions
IGAA.L and VDET.L have a correlation of 0.49, 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 IGAA.L.
IGAA.L tracks BBG EM Asia Local Currency Govt Country Cap NET 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 IGAA.L and 0.23% for VDET.L.
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