VDEA.L vs. JPEA.L
VDEA.L (Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation) and JPEA.L (iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)) are both Emerging Markets Bonds funds - VDEA.L tracks the Bloomberg EM USD Sovereign + Quasi-Sov Index while JPEA.L tracks the J.P. Morgan EMBI Global Core Index. Both are passively managed. Over the past 5 years, VDEA.L returned 2.34%/yr vs 2.00%/yr for JPEA.L. Their correlation of 0.89 suggests significant overlap in exposure. VDEA.L charges 0.23%/yr vs 0.45%/yr for JPEA.L.
Performance
VDEA.L vs. JPEA.L - Performance Comparison
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Returns By Period
In the year-to-date period, VDEA.L achieves a 1.85% return, which is significantly lower than JPEA.L's 2.31% return.
VDEA.L
- 1D
- -0.12%
- 1M
- 1.27%
- YTD
- 1.85%
- 6M
- 2.09%
- 1Y
- 8.99%
- 3Y*
- 8.52%
- 5Y*
- 2.34%
- 10Y*
- —
JPEA.L
- 1D
- 0.15%
- 1M
- 1.68%
- YTD
- 2.31%
- 6M
- 2.63%
- 1Y
- 11.04%
- 3Y*
- 9.48%
- 5Y*
- 2.00%
- 10Y*
- —
VDEA.L vs. JPEA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VDEA.L Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation | 1.85% | 11.45% | 6.35% | 9.71% | -15.28% | -1.74% | 6.10% | 9.44% |
JPEA.L iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) | 2.31% | 13.66% | 5.74% | 10.95% | -18.56% | -2.19% | 5.37% | 10.60% |
Correlation
The correlation between VDEA.L and JPEA.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.89 |
The correlation between VDEA.L and JPEA.L has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
VDEA.L vs. JPEA.L — Risk / Return Rank
VDEA.L
JPEA.L
VDEA.L vs. JPEA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation (VDEA.L) and iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.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.
| VDEA.L | JPEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 2.50 | -0.06 |
| Martin ratioReturn relative to average drawdown | 9.61 | 10.71 | -1.10 |
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Drawdowns
VDEA.L vs. JPEA.L - Drawdown Comparison
The maximum VDEA.L drawdown since its inception was -24.08%, smaller than the maximum JPEA.L drawdown of -28.64%. Use the drawdown chart below to compare losses from any high point for VDEA.L and JPEA.L.
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Drawdown Indicators
| VDEA.L | JPEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.08% | -28.64% | +4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.66% | -4.39% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -6.15% | -7.35% | +1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -24.08% | -28.64% | +4.56% |
Current DrawdownCurrent decline from peak | -0.36% | -0.30% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -6.75% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.03% | -0.10% |
Volatility
VDEA.L vs. JPEA.L - Volatility Comparison
The current volatility for Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation (VDEA.L) is 1.34%, while iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.L) has a volatility of 1.83%. This indicates that VDEA.L experiences smaller price fluctuations and is considered to be less risky than JPEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDEA.L | JPEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.83% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 4.07% | 4.72% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.02% | 5.78% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 8.95% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.22% | 10.22% | -2.00% |
VDEA.L vs. JPEA.L - Expense Ratio Comparison
VDEA.L has a 0.23% expense ratio, which is lower than JPEA.L's 0.45% expense ratio.
Dividends
VDEA.L vs. JPEA.L - Dividend Comparison
Neither VDEA.L nor JPEA.L has paid dividends to shareholders.
Frequently Asked Questions
VDEA.L and JPEA.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDEA.L is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDEA.L is cheaper with a 0.23% expense ratio, compared with 0.45% for JPEA.L.
VDEA.L tracks Bloomberg EM USD Sovereign + Quasi-Sov Index, while JPEA.L tracks J.P. Morgan EMBI Global Core Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.23% for VDEA.L and 0.45% for JPEA.L.
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