LEMB.L vs. VDET.L
LEMB.L (Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist) and VDET.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) are both Emerging Markets Bonds funds - LEMB.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, LEMB.L returned 1.16%/yr vs 2.30%/yr for VDET.L. Their correlation of 0.88 suggests significant overlap in exposure. LEMB.L charges 0.30%/yr vs 0.23%/yr for VDET.L.
Performance
LEMB.L vs. VDET.L - Performance Comparison
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Returns By Period
In the year-to-date period, LEMB.L achieves a 1.79% return, which is significantly higher than VDET.L's 1.31% return.
LEMB.L
- 1D
- 0.25%
- 1M
- 0.96%
- YTD
- 1.79%
- 6M
- 2.28%
- 1Y
- 10.73%
- 3Y*
- 7.40%
- 5Y*
- 1.16%
- 10Y*
- 2.19%
VDET.L
- 1D
- -0.02%
- 1M
- 0.71%
- YTD
- 1.31%
- 6M
- 1.85%
- 1Y
- 9.46%
- 3Y*
- 8.79%
- 5Y*
- 2.30%
- 10Y*
- —
LEMB.L vs. VDET.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LEMB.L Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist | 1.79% | 12.48% | 0.66% | 9.26% | -16.61% | -2.23% | 4.28% | 13.91% | -4.52% | 8.55% |
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 LEMB.L and VDET.L is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2016 | 0.88 |
The correlation between LEMB.L and VDET.L has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
LEMB.L vs. VDET.L — Risk / Return Rank
LEMB.L
VDET.L
LEMB.L vs. VDET.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist (LEMB.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.
| LEMB.L | VDET.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.38 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 2.65 | +0.21 |
| Martin ratioReturn relative to average drawdown | 11.44 | 10.75 | +0.68 |
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
| LEMB.L | VDET.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.00 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.32 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.45 | -0.14 |
Drawdowns
LEMB.L vs. VDET.L - Drawdown Comparison
The maximum LEMB.L drawdown since its inception was -27.40%, 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 LEMB.L and VDET.L.
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Drawdown Indicators
| LEMB.L | VDET.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.40% | -24.09% | -3.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.74% | -3.56% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -8.59% | -6.04% | -2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -26.85% | -24.09% | -2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -27.40% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.22% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -7.90% | -4.96% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.88% | +0.06% |
Volatility
LEMB.L vs. VDET.L - Volatility Comparison
Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist (LEMB.L) has a higher volatility of 2.05% compared to Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VDET.L) at 1.79%. This indicates that LEMB.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
| LEMB.L | VDET.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 1.79% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 3.72% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.25% | 4.72% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.89% | 7.17% | +1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.18% | 7.70% | +2.48% |
LEMB.L vs. VDET.L - Expense Ratio Comparison
LEMB.L has a 0.30% expense ratio, which is higher than VDET.L's 0.23% expense ratio.
Dividends
LEMB.L vs. VDET.L - Dividend Comparison
LEMB.L's dividend yield for the trailing twelve months is around 5.20%, less than VDET.L's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEMB.L Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist | 5.20% | 5.29% | 3.59% | 5.90% | 5.73% | 4.49% | 4.12% | 5.12% | 5.18% | 5.14% | 5.41% | 6.69% |
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
With a correlation of 0.90, LEMB.L and VDET.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.30% for LEMB.L.
LEMB.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: Amundi and Vanguard. Their fees differ too: 0.30% for LEMB.L and 0.23% for VDET.L.
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