NXT.L vs. VFEG.L

Last updated Jul 17, 2026

NXT.L (Next plc) is a stock, while VFEG.L (Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating) is Emerging Markets Equities fund tracking the FTSE Emerging Index. Over the past 5 years, NXT.L returned 18.94%/yr vs 5.74%/yr for VFEG.L. At a 0.27 correlation, their price movements are largely independent.

Performance

NXT.L vs. VFEG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Next plc (NXT.L) and Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating (VFEG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NXT.L is traded in GBp, while VFEG.L is traded in GBP. To make them comparable, the VFEG.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, NXT.L achieves a 13.99% return, which is significantly higher than VFEG.L's 9.20% return.

NXT.L

• 1D: 1.63%
• 1M: 7.14%
• 6M: 11.71%
• YTD: 13.99%
• 1Y: 28.76%
• 3Y*: 33.49%
• 5Y*: 18.94%
• 10Y*: 14.75%

VFEG.L

• 1D: -0.53%
• 1M: -2.42%
• 6M: 3.63%
• YTD: 9.20%
• 1Y: 20.67%
• 3Y*: 14.71%
• 5Y*: 5.74%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NXT.L vs. VFEG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
NXT.L Next plc	13.99%	46.85%	19.71%	43.86%	-24.92%	16.60%	0.97%	19.93%
VFEG.L Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating	9.20%	17.15%	14.12%	1.28%	-7.26%	-0.01%	11.28%	-15.84%

Correlation

The correlation between NXT.L and VFEG.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019	0.27

The correlation between NXT.L and VFEG.L shifts across timeframes, from 0.14 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NXT.L vs. VFEG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NXT.L

NXT.L Risk / Return Rank: 78
NXT.L Sharpe Ratio Rank: 80
NXT.L Sortino Ratio Rank: 78
NXT.L Omega Ratio Rank: 77
NXT.L Calmar Ratio Rank: 77
NXT.L Martin Ratio Rank: 79

VFEG.L

VFEG.L Risk / Return Rank: 51
VFEG.L Sharpe Ratio Rank: 49
VFEG.L Sortino Ratio Rank: 48
VFEG.L Omega Ratio Rank: 49
VFEG.L Calmar Ratio Rank: 57
VFEG.L Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NXT.L vs. VFEG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Next plc (NXT.L) and Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating (VFEG.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.

	NXT.L	VFEG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.40	-0.15
Sortino ratio: Return per unit of downside risk	1.93	1.95	-0.02
Omega ratio: Gain probability vs. loss probability	1.25	1.25	-0.01
Calmar ratio: Return relative to maximum drawdown	1.91	2.29	-0.38
Martin ratio: Return relative to average drawdown	5.10	6.91	-1.81

NXT.L vs. VFEG.L - Sharpe Ratio Comparison

The current NXT.L Sharpe Ratio is 1.25, which is comparable to the VFEG.L Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of NXT.L and VFEG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NXT.L vs. VFEG.L - Drawdown Comparison

The maximum NXT.L drawdown since its inception was -63.62%, which is greater than VFEG.L's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for NXT.L and VFEG.L.

Drawdown Indicators

	NXT.L	VFEG.L	Difference
Max Drawdown Largest peak-to-trough decline	-63.62%	-34.33%	-29.29%
Max Drawdown (1Y) Largest decline over 1 year	-14.96%	-8.99%	-5.97%
Max Drawdown (3Y) Largest decline over 3 years	-14.96%	-22.33%	+7.37%
Max Drawdown (5Y) Largest decline over 5 years	-45.80%	-22.33%	-23.47%
Max Drawdown (10Y) Largest decline over 10 years	-53.81%	—	—
Current Drawdown Current decline from peak	0.00%	-5.24%	+5.24%
Average Drawdown Average peak-to-trough decline	-15.55%	-11.74%	-3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.63%	2.98%	+2.65%

Volatility

NXT.L vs. VFEG.L - Volatility Comparison

Next plc (NXT.L) has a higher volatility of 5.71% compared to Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating (VFEG.L) at 4.86%. This indicates that NXT.L's price experiences larger fluctuations and is considered to be riskier than VFEG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXT.L	VFEG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.71%	4.86%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	16.79%	12.19%	+4.60%
Volatility (1Y) Calculated over the trailing 1-year period	22.97%	14.74%	+8.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.26%	20.38%	+5.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.62%	22.13%	+8.49%

Dividends

NXT.L vs. VFEG.L - Dividend Comparison

NXT.L's dividend yield for the trailing twelve months is around 4.19%, while VFEG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NXT.L Next plc	4.19%	1.79%	2.27%	2.54%	6.08%	1.35%	0.00%	2.39%	5.14%	4.15%	4.37%	4.43%
VFEG.L Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NXT.L and VFEG.L in my portfolio?

NXT.L and VFEG.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.