VDEM.L vs. EMXC
Compare and contrast key facts about Vanguard FTSE Emerging Markets UCITS (VDEM.L) and iShares MSCI Emerging Markets ex China ETF (EMXC).
VDEM.L and EMXC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VDEM.L is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Sep 24, 2019. EMXC is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets ex China Index. It was launched on Jul 19, 2017. Both VDEM.L and EMXC 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
VDEM.L vs. EMXC - Performance Comparison
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VDEM.L vs. EMXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VDEM.L Vanguard FTSE Emerging Markets UCITS | -1.92% | 25.92% | 12.28% | 7.28% | -17.20% | -0.89% | 14.86% | 18.83% | -12.55% | 8.85% |
EMXC iShares MSCI Emerging Markets ex China ETF | 8.23% | 35.14% | 2.68% | 18.96% | -19.56% | 8.54% | 12.76% | 15.80% | -12.96% | 7.01% |
Returns By Period
In the year-to-date period, VDEM.L achieves a -1.92% return, which is significantly lower than EMXC's 8.23% return.
VDEM.L
- 1D
- 0.63%
- 1M
- -8.85%
- YTD
- -1.92%
- 6M
- -0.17%
- 1Y
- 20.67%
- 3Y*
- 12.92%
- 5Y*
- 3.22%
- 10Y*
- 7.50%
EMXC
- 1D
- 4.13%
- 1M
- -10.29%
- YTD
- 8.23%
- 6M
- 18.73%
- 1Y
- 47.21%
- 3Y*
- 19.79%
- 5Y*
- 8.20%
- 10Y*
- —
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VDEM.L vs. EMXC - Expense Ratio Comparison
VDEM.L has a 0.22% expense ratio, which is lower than EMXC's 0.49% expense ratio.
Return for Risk
VDEM.L vs. EMXC — Risk / Return Rank
VDEM.L
EMXC
VDEM.L vs. EMXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS (VDEM.L) and iShares MSCI Emerging Markets ex China ETF (EMXC). 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.
| VDEM.L | EMXC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 2.31 | -1.11 |
Sortino ratioReturn per unit of downside risk | 1.63 | 2.98 | -1.34 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.43 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 3.26 | -1.57 |
Martin ratioReturn relative to average drawdown | 6.08 | 13.81 | -7.73 |
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
| VDEM.L | EMXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 2.31 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.49 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.39 | -0.09 |
Correlation
The correlation between VDEM.L and EMXC is 0.68, 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
VDEM.L vs. EMXC - Dividend Comparison
VDEM.L's dividend yield for the trailing twelve months is around 2.32%, less than EMXC's 2.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VDEM.L Vanguard FTSE Emerging Markets UCITS | 2.32% | 2.34% | 2.38% | 2.58% | 3.27% | 2.30% | 1.81% | 2.33% | 2.82% | 2.16% | 2.40% | 2.94% |
EMXC iShares MSCI Emerging Markets ex China ETF | 2.60% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% | 0.00% | 0.00% |
Drawdowns
VDEM.L vs. EMXC - Drawdown Comparison
The maximum VDEM.L drawdown since its inception was -36.63%, smaller than the maximum EMXC drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for VDEM.L and EMXC.
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Drawdown Indicators
| VDEM.L | EMXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.63% | -42.81% | +6.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -14.41% | +2.71% |
Max Drawdown (5Y)Largest decline over 5 years | -33.40% | -28.91% | -4.49% |
Max Drawdown (10Y)Largest decline over 10 years | -36.35% | — | — |
Current DrawdownCurrent decline from peak | -9.96% | -10.88% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -12.81% | -10.35% | -2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 3.40% | -0.16% |
Volatility
VDEM.L vs. EMXC - Volatility Comparison
The current volatility for Vanguard FTSE Emerging Markets UCITS (VDEM.L) is 7.19%, while iShares MSCI Emerging Markets ex China ETF (EMXC) has a volatility of 11.89%. This indicates that VDEM.L experiences smaller price fluctuations and is considered to be less risky than EMXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDEM.L | EMXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 11.89% | -4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 11.37% | 16.14% | -4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.27% | 20.58% | -3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 16.70% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 19.51% | -0.86% |