VDEA.L vs. VEMA.L
Compare and contrast key facts about Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation (VDEA.L) and Vanguard USD Emerging Markets Government Bond UCITS ETF Accumulating (VEMA.L).
VDEA.L and VEMA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VDEA.L is a passively managed fund by Vanguard that tracks the performance of the Bloomberg EM USD Sovereign + Quasi-Sov Index. It was launched on Feb 19, 2019. VEMA.L is a passively managed fund by Vanguard that tracks the performance of the JPM EMBI Global Diversified TR USD. It was launched on Feb 19, 2019. Both VDEA.L and VEMA.L 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
VDEA.L vs. VEMA.L - Performance Comparison
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VDEA.L vs. VEMA.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 | -1.18% | 11.45% | 6.35% | 9.72% | -15.28% | -1.74% | 6.10% | 9.05% |
VEMA.L Vanguard USD Emerging Markets Government Bond UCITS ETF Accumulating | -1.24% | 12.01% | 6.31% | 8.90% | -15.42% | -1.26% | 5.63% | 9.64% |
Different Trading Currencies
VDEA.L is traded in USD, while VEMA.L is traded in GBP. To make them comparable, the VEMA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with VDEA.L having a -1.18% return and VEMA.L slightly lower at -1.19%.
VDEA.L
- 1D
- 0.78%
- 1M
- -2.34%
- YTD
- -1.18%
- 6M
- 1.72%
- 1Y
- 7.68%
- 3Y*
- 7.86%
- 5Y*
- 2.22%
- 10Y*
- —
VEMA.L
- 1D
- 0.50%
- 1M
- -2.42%
- YTD
- -1.19%
- 6M
- 1.61%
- 1Y
- 7.82%
- 3Y*
- 7.99%
- 5Y*
- 2.23%
- 10Y*
- —
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VDEA.L vs. VEMA.L - Expense Ratio Comparison
VDEA.L has a 0.23% expense ratio, which is lower than VEMA.L's 0.25% 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%.
Return for Risk
VDEA.L vs. VEMA.L — Risk / Return Rank
VDEA.L
VEMA.L
VDEA.L vs. VEMA.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 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.
| VDEA.L | VEMA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 1.16 | +0.24 |
Sortino ratioReturn per unit of downside risk | 1.95 | 1.62 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.21 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.11 | 1.89 | +0.22 |
Martin ratioReturn relative to average drawdown | 8.38 | 7.97 | +0.41 |
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
| VDEA.L | VEMA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.16 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.28 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.33 | +0.05 |
Correlation
The correlation between VDEA.L and VEMA.L is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VDEA.L vs. VEMA.L - Dividend Comparison
Neither VDEA.L nor VEMA.L has paid dividends to shareholders.
Drawdowns
VDEA.L vs. VEMA.L - Drawdown Comparison
The maximum VDEA.L drawdown since its inception was -24.08%, roughly equal to the maximum VEMA.L drawdown of -24.04%. Use the drawdown chart below to compare losses from any high point for VDEA.L and VEMA.L.
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Drawdown Indicators
| VDEA.L | VEMA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.08% | -14.59% | -9.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.88% | -4.57% | +0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -24.08% | -11.41% | -12.67% |
Current DrawdownCurrent decline from peak | -2.79% | -2.14% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -6.20% | -6.38% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 1.90% | -0.98% |
Volatility
VDEA.L vs. VEMA.L - Volatility Comparison
Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation (VDEA.L) has a higher volatility of 2.31% compared to Vanguard USD Emerging Markets Government Bond UCITS ETF Accumulating (VEMA.L) at 2.18%. This indicates that VDEA.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
| VDEA.L | VEMA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 2.18% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 3.84% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.53% | 6.76% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.19% | 8.06% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.40% | 9.36% | -0.96% |