TSWE.AS vs. VFEM.DE

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) and Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.DE).

TSWE.AS and VFEM.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSWE.AS is a passively managed fund by VanEck that tracks the performance of the MSCI ACWI NR USD. It was launched on May 3, 2013. VFEM.DE is a passively managed fund by Vanguard that tracks the performance of the MSCI EM NR USD. It was launched on May 22, 2012. Both TSWE.AS and VFEM.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TSWE.AS vs. VFEM.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) and Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.DE). The values are adjusted to include any dividend payments, if applicable.

TSWE.AS vs. VFEM.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF	0.94%	13.10%	17.22%	16.38%	-13.18%	29.50%	5.58%	26.46%	-5.21%	1.01%
VFEM.DE Vanguard FTSE Emerging Markets UCITS ETF Distributing	2.27%	11.40%	19.82%	3.29%	-11.02%	6.34%	3.56%	23.57%	-9.32%	1.86%

Returns By Period

In the year-to-date period, TSWE.AS achieves a 0.94% return, which is significantly lower than VFEM.DE's 2.27% return.

TSWE.AS

• 1D: 2.87%
• 1M: -3.41%
• YTD: 0.94%
• 6M: 6.29%
• 1Y: 13.36%
• 3Y*: 13.90%
• 5Y*: 9.57%
• 10Y*: 11.10%

VFEM.DE

• 1D: 2.10%
• 1M: -3.74%
• YTD: 2.27%
• 6M: 2.94%
• 1Y: 14.63%
• 3Y*: 11.54%
• 5Y*: 4.09%
• 10Y*: —

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

TSWE.AS vs. VFEM.DE - Expense Ratio Comparison

TSWE.AS has a 0.20% expense ratio, which is lower than VFEM.DE's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

VFEM.DE

Vanguard FTSE Emerging Markets UCITS ETF Distributing

TSWE.AS

VanEck Sustainable World Equal Weight UCITS ETF

Return for Risk

TSWE.AS vs. VFEM.DE — Risk / Return Rank

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

TSWE.AS

TSWE.AS Risk / Return Rank: 60
TSWE.AS Sharpe Ratio Rank: 40
TSWE.AS Sortino Ratio Rank: 38
TSWE.AS Omega Ratio Rank: 41
TSWE.AS Calmar Ratio Rank: 90
TSWE.AS Martin Ratio Rank: 91

VFEM.DE

VFEM.DE Risk / Return Rank: 47
VFEM.DE Sharpe Ratio Rank: 45
VFEM.DE Sortino Ratio Rank: 43
VFEM.DE Omega Ratio Rank: 42
VFEM.DE Calmar Ratio Rank: 54
VFEM.DE Martin Ratio Rank: 52

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.

TSWE.AS vs. VFEM.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) and Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.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.

	TSWE.AS	VFEM.DE	Difference
Sharpe ratio Return per unit of total volatility	0.79	0.87	-0.08
Sortino ratio Return per unit of downside risk	1.15	1.25	-0.09
Omega ratio Gain probability vs. loss probability	1.17	1.17	-0.01
Calmar ratio Return relative to maximum drawdown	3.12	1.47	+1.66
Martin ratio Return relative to average drawdown	12.59	5.37	+7.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSWE.AS vs. VFEM.DE - Sharpe Ratio Comparison

The current TSWE.AS Sharpe Ratio is 0.79, which is comparable to the VFEM.DE Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of TSWE.AS and VFEM.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TSWE.AS	VFEM.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	0.87	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.26	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.30	+0.38

Correlation

The correlation between TSWE.AS and VFEM.DE is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TSWE.AS vs. VFEM.DE - Dividend Comparison

TSWE.AS's dividend yield for the trailing twelve months is around 1.93%, less than VFEM.DE's 2.25% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF	1.93%	1.94%	2.18%	2.23%	2.38%	1.64%	1.88%	2.34%	2.45%	2.09%	1.85%	1.87%
VFEM.DE Vanguard FTSE Emerging Markets UCITS ETF Distributing	2.25%	2.39%	2.28%	2.66%	3.38%	2.26%	1.93%	2.32%	2.79%	0.20%	0.00%	0.00%

Drawdowns

TSWE.AS vs. VFEM.DE - Drawdown Comparison

The maximum TSWE.AS drawdown since its inception was -33.67%, which is greater than VFEM.DE's maximum drawdown of -31.59%. Use the drawdown chart below to compare losses from any high point for TSWE.AS and VFEM.DE.

Drawdown Indicators

	TSWE.AS	VFEM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.67%	-31.59%	-2.08%
Max Drawdown (1Y) Largest decline over 1 year	-13.44%	-13.27%	-0.17%
Max Drawdown (5Y) Largest decline over 5 years	-19.53%	-20.11%	+0.58%
Max Drawdown (10Y) Largest decline over 10 years	-33.67%	—	—
Current Drawdown Current decline from peak	-4.88%	-5.96%	+1.08%
Average Drawdown Average peak-to-trough decline	-4.87%	-8.37%	+3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	2.84%	-0.86%

Volatility

TSWE.AS vs. VFEM.DE - Volatility Comparison

VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) and Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.DE) have volatilities of 5.85% and 5.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSWE.AS	VFEM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.85%	5.74%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	10.96%	-1.39%
Volatility (1Y) Calculated over the trailing 1-year period	16.79%	16.79%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.52%	15.74%	-2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.93%	18.19%	-3.26%