SEAD.DE vs. VGEM.DE
SEAD.DE (UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist) and VGEM.DE (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) are both Emerging Markets Bonds funds - SEAD.DE tracks the JP Morgan USD Emerging Markets Diversified 3% capped 1-5 (EUR Hedged) while VGEM.DE tracks the Bloomberg EM USD Sovereign + Quasi-Sov. Both are passively managed. Over the past 5 years, SEAD.DE returned 0.42%/yr vs 2.73%/yr for VGEM.DE. At a 0.38 correlation, their price movements are largely independent. SEAD.DE charges 0.38%/yr vs 0.25%/yr for VGEM.DE.
Performance
SEAD.DE vs. VGEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SEAD.DE achieves a 0.82% return, which is significantly lower than VGEM.DE's 2.34% return.
SEAD.DE
- 1D
- 0.15%
- 1M
- 0.13%
- YTD
- 0.82%
- 6M
- 1.21%
- 1Y
- 4.92%
- 3Y*
- 5.77%
- 5Y*
- 0.42%
- 10Y*
- —
VGEM.DE
- 1D
- 0.20%
- 1M
- 1.24%
- YTD
- 2.34%
- 6M
- 1.63%
- 1Y
- 6.72%
- 3Y*
- 5.24%
- 5Y*
- 2.73%
- 10Y*
- —
SEAD.DE vs. VGEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SEAD.DE UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist | 0.82% | 7.17% | 4.95% | 5.22% | -12.53% | -1.42% | 1.00% | 1.37% |
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 2.34% | -1.55% | 12.06% | 5.25% | -10.22% | 5.82% | -3.91% | 1.12% |
Correlation
The correlation between SEAD.DE and VGEM.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2019 | 0.38 |
The correlation between SEAD.DE and VGEM.DE shifts across timeframes, from 0.25 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SEAD.DE vs. VGEM.DE — Risk / Return Rank
SEAD.DE
VGEM.DE
SEAD.DE vs. VGEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist (SEAD.DE) and Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.DE). 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.
| SEAD.DE | VGEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.21 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.16 | +0.19 |
| Martin ratioReturn relative to average drawdown | 9.84 | 5.71 | +4.13 |
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
| SEAD.DE | VGEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.13 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.34 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.29 | -0.14 |
Drawdowns
SEAD.DE vs. VGEM.DE - Drawdown Comparison
The maximum SEAD.DE drawdown since its inception was -18.40%, smaller than the maximum VGEM.DE drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for SEAD.DE and VGEM.DE.
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Drawdown Indicators
| SEAD.DE | VGEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.40% | -19.64% | +1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.08% | -3.10% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -2.40% | -11.98% | +9.58% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -12.46% | -5.94% |
Current DrawdownCurrent decline from peak | -0.36% | -2.18% | +1.82% |
Average DrawdownAverage peak-to-trough decline | -6.26% | -6.63% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 1.17% | -0.67% |
Volatility
SEAD.DE vs. VGEM.DE - Volatility Comparison
The current volatility for UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist (SEAD.DE) is 0.76%, while Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.DE) has a volatility of 1.18%. This indicates that SEAD.DE experiences smaller price fluctuations and is considered to be less risky than VGEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEAD.DE | VGEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 1.18% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 3.96% | -1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.89% | 5.93% | -3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.30% | 7.89% | -3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 8.77% | -3.44% |
SEAD.DE vs. VGEM.DE - Expense Ratio Comparison
SEAD.DE has a 0.38% expense ratio, which is higher than VGEM.DE's 0.25% expense ratio.
Dividends
SEAD.DE vs. VGEM.DE - Dividend Comparison
SEAD.DE's dividend yield for the trailing twelve months is around 5.84%, more than VGEM.DE's 5.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SEAD.DE UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist | 5.84% | 4.51% | 5.70% | 4.36% | 4.23% | 3.36% | 2.07% | 0.00% | 0.00% | 0.00% |
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.06% | 5.60% | 5.23% | 5.14% | 4.84% | 3.16% | 3.99% | 3.87% | 3.84% | 0.68% |
Frequently Asked Questions
SEAD.DE and VGEM.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEM.DE is cheaper with a 0.25% expense ratio, compared with 0.38% for SEAD.DE.
SEAD.DE tracks JP Morgan USD Emerging Markets Diversified 3% capped 1-5 (EUR Hedged), while VGEM.DE tracks Bloomberg EM USD Sovereign + Quasi-Sov. They also come from different issuers: UBS and Vanguard. Their fees differ too: 0.38% for SEAD.DE and 0.25% for VGEM.DE.
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