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VDEM.L vs. ISDE.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VDEM.L vs. ISDE.L

Last updated Jun 4, 2026

VDEM.L (Vanguard FTSE Emerging Markets UCITS) and ISDE.L (iShares MSCI EM Islamic UCITS ETF USD (Dist)) are both Emerging Markets Equities funds - VDEM.L tracks the FTSE Emerging Index while ISDE.L tracks the MSCI Emerging Markets Islamic Index. Both are passively managed. Over the past 10 years, VDEM.L returned 8.89%/yr vs 13.62%/yr for ISDE.L. Their correlation of 0.87 suggests significant overlap in exposure. VDEM.L charges 0.22%/yr vs 0.85%/yr for ISDE.L.

Performance

VDEM.L vs. ISDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Emerging Markets UCITS (VDEM.L) and iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VDEM.L achieves a 11.72% return, which is significantly lower than ISDE.L's 64.70% return. Over the past 10 years, VDEM.L has underperformed ISDE.L with an annualized return of 8.89%, while ISDE.L has yielded a comparatively higher 13.62% annualized return.

VDEM.L

1D
-1.46%
1M
2.40%
YTD
11.72%
6M
13.69%
1Y
31.47%
3Y*
18.16%
5Y*
5.12%
10Y*
8.89%

ISDE.L

1D
-0.92%
1M
21.92%
YTD
64.70%
6M
71.02%
1Y
115.62%
3Y*
33.09%
5Y*
13.46%
10Y*
13.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VDEM.L vs. ISDE.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VDEM.L
Vanguard FTSE Emerging Markets UCITS		11.72%25.92%12.28%7.28%-17.20%-0.89%14.86%18.83%-12.55%31.59%
ISDE.L
iShares MSCI EM Islamic UCITS ETF USD (Dist)		64.70%40.46%-3.55%13.97%-22.72%2.64%22.21%19.39%-17.27%41.72%

Correlation

The correlation between VDEM.L and ISDE.L is 0.78, 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

0.78

Correlation (3Y)
Calculated over the trailing 3-year period

0.78

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (10Y)
Calculated over the trailing 10-year period

0.87

Correlation (All Time)
Calculated using the full available price history since May 24, 2012

0.87

The correlation between VDEM.L and ISDE.L has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.

VDEM.L vs. ISDE.L - Sectors Allocation Comparison

Sectors
VDEM.L
ISDE.L

Technology

29.6%
48.0%

Financial Services

20.8%
3.7%

Consumer Cyclical

10.8%
5.3%

Basic Materials

7.8%
12.2%

Communication Services

7.5%
0.9%

Industrials

7.1%
8.6%

Energy

4.9%
10.1%

Consumer Defensive

3.6%
3.3%

Healthcare

3.4%
4.8%

Utilities

3.0%
2.3%

Real Estate

1.7%
0.9%

Technology

VDEM.L
29.6%
ISDE.L
48.0%

Financial Services

VDEM.L
20.8%
ISDE.L
3.7%

Consumer Cyclical

VDEM.L
10.8%
ISDE.L
5.3%

Basic Materials

VDEM.L
7.8%
ISDE.L
12.2%

Communication Services

VDEM.L
7.5%
ISDE.L
0.9%

Industrials

VDEM.L
7.1%
ISDE.L
8.6%

Energy

VDEM.L
4.9%
ISDE.L
10.1%

Consumer Defensive

VDEM.L
3.6%
ISDE.L
3.3%

Healthcare

VDEM.L
3.4%
ISDE.L
4.8%

Utilities

VDEM.L
3.0%
ISDE.L
2.3%

Real Estate

VDEM.L
1.7%
ISDE.L
0.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard FTSE Emerging Markets UCITS

iShares MSCI EM Islamic UCITS ETF USD (Dist)

Often compared with VDEM.L:
VDEM.L vs. EIMI.LVDEM.L vs. JPEE.LVDEM.L vs. VFEA.DEVDEM.L vs. BRIC.LVDEM.L vs. EMHYVDEM.L vs. IHYA.LVDEM.L vs. VUSA.L
Often compared with ISDE.L:
ISDE.L vs. JRDM.LISDE.L vs. LEML.LISDE.L vs. VFEG.LISDE.L vs. PRAM.LISDE.L vs. EDG2.LISDE.L vs. IUIT.LISDE.L vs. VFEM.L

Return for Risk

VDEM.L vs. ISDE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VDEM.L
VDEM.L Risk / Return Rank: 5858
Overall Rank
VDEM.L Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
VDEM.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
VDEM.L Omega Ratio Rank: 5757
Omega Ratio Rank
VDEM.L Calmar Ratio Rank: 6060
Calmar Ratio Rank
VDEM.L Martin Ratio Rank: 5858
Martin Ratio Rank
ISDE.L
ISDE.L Risk / Return Rank: 9696
Overall Rank
ISDE.L Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
ISDE.L Sortino Ratio Rank: 9595
Sortino Ratio Rank
ISDE.L Omega Ratio Rank: 9696
Omega Ratio Rank
ISDE.L Calmar Ratio Rank: 9595
Calmar Ratio Rank
ISDE.L Martin Ratio Rank: 9595
Martin Ratio Rank
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.

VDEM.L vs. ISDE.L - 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 EM Islamic UCITS ETF USD (Dist) (ISDE.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.

VDEM.LISDE.LDifference
Sharpe ratioReturn per unit of total volatility
1.94
4.65

-2.71

Sortino ratioReturn per unit of downside risk
2.74
5.27

-2.53

Omega ratioGain probability vs. loss probability

1.35

1.79

-0.44

Calmar ratioReturn relative to maximum drawdown

2.94

8.07

-5.12

Martin ratioReturn relative to average drawdown

10.07

30.85

-20.77

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VDEM.L vs. ISDE.L - Sharpe Ratio Comparison

The current VDEM.L Sharpe Ratio is 1.94, which is lower than the ISDE.L Sharpe Ratio of 4.65. The chart below compares the historical Sharpe Ratios of VDEM.L and ISDE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VDEM.LISDE.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.94

4.65

-2.71

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.70

-0.41

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.68

-0.21

Sharpe Ratio (All Time)

Calculated using the full available price history

0.35

0.24

+0.11

Drawdowns

VDEM.L vs. ISDE.L - Drawdown Comparison

The maximum VDEM.L drawdown since its inception was -36.63%, smaller than the maximum ISDE.L drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for VDEM.L and ISDE.L.

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Drawdown Indicators

VDEM.LISDE.LDifference

Max Drawdown

Largest peak-to-trough decline

-36.63%

-59.96%

+23.33%

Max Drawdown (1Y)

Largest decline over 1 year

-10.65%

-14.25%

+3.60%

Max Drawdown (3Y)

Largest decline over 3 years

-15.97%

-21.81%

+5.84%

Max Drawdown (5Y)

Largest decline over 5 years

-33.19%

-32.28%

-0.91%

Max Drawdown (10Y)

Largest decline over 10 years

-36.35%

-36.67%

+0.32%

Current Drawdown

Current decline from peak

-1.46%

-0.92%

-0.54%

Average Drawdown

Average peak-to-trough decline

-12.68%

-21.90%

+9.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.12%

3.73%

-0.61%

Volatility

VDEM.L vs. ISDE.L - Volatility Comparison

The current volatility for Vanguard FTSE Emerging Markets UCITS (VDEM.L) is 6.21%, while iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L) has a volatility of 12.15%. This indicates that VDEM.L experiences smaller price fluctuations and is considered to be less risky than ISDE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VDEM.LISDE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.21%

12.15%

-5.94%

Volatility (6M)

Calculated over the trailing 6-month period

13.30%

22.03%

-8.73%

Volatility (1Y)

Calculated over the trailing 1-year period

16.14%

24.75%

-8.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.80%

19.22%

-1.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.75%

19.86%

-1.11%

VDEM.L vs. ISDE.L - Expense Ratio Comparison

VDEM.L has a 0.22% expense ratio, which is lower than ISDE.L's 0.85% expense ratio.

Dividends

VDEM.L vs. ISDE.L - Dividend Comparison

VDEM.L's dividend yield for the trailing twelve months is around 2.03%, more than ISDE.L's 1.05% yield.

PositionTTM20252024202320222021202020192018201720162015
ISDE.L
iShares MSCI EM Islamic UCITS ETF USD (Dist)		1.05%1.86%2.51%2.77%2.10%1.79%0.98%1.55%1.64%1.02%1.07%2.32%
VDEM.L
Vanguard FTSE Emerging Markets UCITS		2.03%2.34%2.38%2.58%3.27%2.30%1.81%2.33%2.82%2.16%2.40%2.94%

Frequently Asked Questions

VDEM.L and ISDE.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VDEM.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VDEM.L is cheaper with a 0.22% expense ratio, compared with 0.85% for ISDE.L.

VDEM.L tracks FTSE Emerging Index, while ISDE.L tracks MSCI Emerging Markets Islamic Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VDEM.L and 0.85% for ISDE.L.

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