SGEA.L vs. VEMA.L
SGEA.L (iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist)) and VEMA.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Accumulating) are both Emerging Markets Bonds funds - SGEA.L tracks the Bloomberg Emerging Markets Asia Local Currency Government Country Capped Index while VEMA.L tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, SGEA.L returned -0.08%/yr vs 2.64%/yr for VEMA.L. A 0.67 correlation means they provide meaningful diversification when combined. SGEA.L charges 0.50%/yr vs 0.25%/yr for VEMA.L.
Performance
SGEA.L vs. VEMA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGEA.L achieves a -5.97% return, which is significantly lower than VEMA.L's 1.63% return.
SGEA.L
- 1D
- 0.43%
- 1M
- -1.31%
- 6M
- -2.76%
- YTD
- -5.97%
- 1Y
- -6.24%
- 3Y*
- -0.41%
- 5Y*
- -0.08%
- 10Y*
- 0.83%
- ALL TIME*
- -0.71%
VEMA.L
- 1D
- 0.17%
- 1M
- -1.92%
- 6M
- 2.48%
- YTD
- 1.63%
- 1Y
- 8.30%
- 3Y*
- 6.59%
- 5Y*
- 2.64%
- 10Y*
- —
- ALL TIME*
- -0.69%
SGEA.L vs. VEMA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SGEA.L iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | -5.97% | -1.01% | 3.19% | -0.97% | 3.25% | -3.19% | 5.39% | 4.99% |
VEMA.L Vanguard USD Emerging Markets Government Bond UCITS ETF Accumulating | 1.63% | 4.17% | 8.10% | 3.45% | -5.29% | -0.35% | 2.49% | -17.05% |
Correlation
The correlation between SGEA.L and VEMA.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 | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.67 |
The correlation between SGEA.L and VEMA.L shifts across timeframes, from 0.57 (3 years) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SGEA.L vs. VEMA.L — Risk / Return Rank
SGEA.L
VEMA.L
SGEA.L vs. VEMA.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 (Dist) (SGEA.L) and Vanguard USD Emerging Markets Government Bond UCITS ETF Accumulating (VEMA.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.
| SGEA.L | VEMA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -3.53 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.25 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 1.88 | -2.60 |
| Martin ratioReturn relative to average drawdown | -1.30 | 4.87 | -6.17 |
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Drawdowns
SGEA.L vs. VEMA.L - Drawdown Comparison
The maximum SGEA.L drawdown since its inception was -40.80%, which is greater than VEMA.L's maximum drawdown of -24.39%. Use the drawdown chart below to compare losses from any high point for SGEA.L and VEMA.L.
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Drawdown Indicators
| SGEA.L | VEMA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.80% | -24.39% | -16.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -4.40% | -4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -10.30% | -19.46% | +9.16% |
Max Drawdown (5Y)Largest decline over 5 years | -10.30% | -19.46% | +9.16% |
Max Drawdown (10Y)Largest decline over 10 years | -12.02% | — | — |
Current DrawdownCurrent decline from peak | -9.69% | -5.02% | -4.67% |
Average DrawdownAverage peak-to-trough decline | -17.31% | -15.58% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.97% | 1.70% | +3.27% |
Volatility
SGEA.L vs. VEMA.L - Volatility Comparison
iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (SGEA.L) has a higher volatility of 1.81% compared to Vanguard USD Emerging Markets Government Bond UCITS ETF Accumulating (VEMA.L) at 1.47%. This indicates that SGEA.L's price experiences larger fluctuations and is considered to be riskier than VEMA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGEA.L | VEMA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 1.47% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 4.11% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 5.92% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.97% | 16.07% | -9.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.02% | 17.07% | -9.05% |
SGEA.L vs. VEMA.L - Expense Ratio Comparison
SGEA.L has a 0.50% expense ratio, which is higher than VEMA.L's 0.25% expense ratio.
Dividends
SGEA.L vs. VEMA.L - Dividend Comparison
SGEA.L's dividend yield for the trailing twelve months is around 1.76%, while VEMA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGEA.L iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | 1.76% | 3.40% | 3.00% | 2.90% | 2.81% | 2.37% | 2.97% | 2.55% | 2.46% | 2.17% | 2.65% | 1.11% |
VEMA.L Vanguard USD Emerging Markets Government Bond UCITS ETF 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
SGEA.L and VEMA.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, VEMA.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEMA.L is cheaper with a 0.25% expense ratio, compared with 0.50% for SGEA.L.
SGEA.L tracks Bloomberg Emerging Markets Asia Local Currency Government Country Capped Index, while VEMA.L tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for SGEA.L and 0.25% for VEMA.L.
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