SBEM.L vs. VDET.L
SBEM.L (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis) and VDET.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) are both Emerging Markets Bonds funds - SBEM.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, SBEM.L returned 3.47%/yr vs 3.41%/yr for VDET.L. A 0.79 correlation means they provide meaningful diversification when combined. SBEM.L charges 0.42%/yr vs 0.23%/yr for VDET.L.
Performance
SBEM.L vs. VDET.L - Performance Comparison
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Different Trading Currencies
SBEM.L is traded in GBp, while VDET.L is traded in USD. To make them comparable, the VDET.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SBEM.L achieves a 2.48% return, which is significantly higher than VDET.L's 1.72% return.
SBEM.L
- 1D
- 0.23%
- 1M
- 2.35%
- YTD
- 2.48%
- 6M
- 2.78%
- 1Y
- 14.55%
- 3Y*
- 8.68%
- 5Y*
- 3.47%
- 10Y*
- 4.55%
VDET.L
- 1D
- -0.02%
- 1M
- 1.64%
- YTD
- 1.72%
- 6M
- 1.15%
- 1Y
- 10.52%
- 3Y*
- 6.06%
- 5Y*
- 3.41%
- 10Y*
- —
SBEM.L vs. VDET.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBEM.L UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis | 2.48% | 7.42% | 9.46% | 5.94% | -10.24% | -1.29% | 1.28% | 10.91% | 1.42% | 0.47% |
VDET.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 1.72% | 3.74% | 8.26% | 3.94% | -5.20% | -0.83% | 2.96% | 8.80% | 3.03% | -1.25% |
Correlation
The correlation between SBEM.L and VDET.L is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2016 | 0.79 |
The correlation between SBEM.L and VDET.L shifts across timeframes, from 0.67 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SBEM.L vs. VDET.L — Risk / Return Rank
SBEM.L
VDET.L
SBEM.L vs. VDET.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis (SBEM.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.
| SBEM.L | VDET.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.28 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 2.17 | +1.94 |
| Martin ratioReturn relative to average drawdown | 11.84 | 6.52 | +5.32 |
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
| SBEM.L | VDET.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 1.57 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.39 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.29 | +0.19 |
Drawdowns
SBEM.L vs. VDET.L - Drawdown Comparison
The maximum SBEM.L drawdown since its inception was -21.61%, which is greater than VDET.L's maximum drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for SBEM.L and VDET.L.
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Drawdown Indicators
| SBEM.L | VDET.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.61% | -15.18% | -6.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -4.83% | +1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -9.79% | -8.51% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -17.20% | -11.60% | -5.60% |
Max Drawdown (10Y)Largest decline over 10 years | -21.61% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.51% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -7.26% | -6.11% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.61% | -0.38% |
Volatility
SBEM.L vs. VDET.L - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis (SBEM.L) is 1.66%, while Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VDET.L) has a volatility of 1.97%. This indicates that SBEM.L experiences smaller price fluctuations and is considered to be less risky 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
| SBEM.L | VDET.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 1.97% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.58% | 5.28% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.47% | 6.69% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.85% | 8.68% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.88% | 9.74% | +1.14% |
SBEM.L vs. VDET.L - Expense Ratio Comparison
SBEM.L has a 0.42% expense ratio, which is higher than VDET.L's 0.23% expense ratio.
Dividends
SBEM.L vs. VDET.L - Dividend Comparison
SBEM.L's dividend yield for the trailing twelve months is around 6.53%, more than VDET.L's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SBEM.L UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis | 6.53% | 7.69% | 6.28% | 6.49% | 5.72% | 4.35% | 4.92% | 4.83% | 4.47% | 4.84% | 2.27% |
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% |
Frequently Asked Questions
SBEM.L and VDET.L have a correlation of 0.67, 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 0.42% for SBEM.L.
SBEM.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: UBS and Vanguard. Their fees differ too: 0.42% for SBEM.L and 0.23% for VDET.L.
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