VDEM.L vs. UC79.L

Last updated Jun 5, 2026

VDEM.L (Vanguard FTSE Emerging Markets UCITS) and UC79.L (UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis) are both Emerging Markets Equities funds - VDEM.L tracks the FTSE Emerging Index while UC79.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 10 years, VDEM.L returned 8.68%/yr vs 9.78%/yr for UC79.L. Their correlation of 0.89 suggests significant overlap in exposure. VDEM.L charges 0.22%/yr vs 0.27%/yr for UC79.L.

Performance

VDEM.L vs. UC79.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Emerging Markets UCITS (VDEM.L) and UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UC79.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VDEM.L is traded in USD, while UC79.L is traded in GBp. To make them comparable, the UC79.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VDEM.L achieves a 11.28% return, which is significantly lower than UC79.L's 32.92% return. Over the past 10 years, VDEM.L has underperformed UC79.L with an annualized return of 8.68%, while UC79.L has yielded a comparatively higher 9.78% annualized return.

VDEM.L

• 1D: -0.39%
• 1M: 1.51%
• YTD: 11.28%
• 6M: 12.84%
• 1Y: 29.05%
• 3Y*: 18.24%
• 5Y*: 5.04%
• 10Y*: 8.68%

UC79.L

• 1D: -1.59%
• 1M: 7.70%
• YTD: 32.92%
• 6M: 36.28%
• 1Y: 63.06%
• 3Y*: 27.56%
• 5Y*: 9.08%
• 10Y*: 9.78%

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

VDEM.L vs. UC79.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VDEM.L Vanguard FTSE Emerging Markets UCITS	11.28%	25.92%	12.28%	7.28%	-17.20%	-0.89%	14.86%	18.83%	-12.55%	31.59%
UC79.L UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis	32.92%	36.53%	9.03%	6.48%	-21.18%	-0.58%	16.74%	10.98%	-10.94%	31.85%

Correlation

The correlation between VDEM.L and UC79.L is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 5, 2014	0.89

The correlation between VDEM.L and UC79.L has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

VDEM.L vs. UC79.L - Sectors Allocation Comparison

Sectors	VDEM.L	UC79.L
Technology	29.6%	38.0%
Financial Services	20.8%	22.6%
Consumer Cyclical	10.8%	11.0%
Basic Materials	7.8%	3.3%
Communication Services	7.5%	8.0%
Industrials	7.1%	8.3%
Energy	4.9%	0.2%
Consumer Defensive	3.6%	2.8%
Healthcare	3.4%	3.6%
Utilities	3.0%	1.0%
Real Estate	1.7%	1.3%

Return for Risk

VDEM.L vs. UC79.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: 54
VDEM.L Sharpe Ratio Rank: 53
VDEM.L Sortino Ratio Rank: 54
VDEM.L Omega Ratio Rank: 53
VDEM.L Calmar Ratio Rank: 56
VDEM.L Martin Ratio Rank: 55

UC79.L

UC79.L Risk / Return Rank: 52
UC79.L Sharpe Ratio Rank: 42
UC79.L Sortino Ratio Rank: 47
UC79.L Omega Ratio Rank: 90
UC79.L Calmar Ratio Rank: 51
UC79.L Martin Ratio Rank: 31

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. UC79.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS (VDEM.L) and UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UC79.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.L	UC79.L	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.39	+0.41
Sortino ratio: Return per unit of downside risk	2.56	2.21	+0.35
Omega ratio: Gain probability vs. loss probability	1.32	1.51	-0.18
Calmar ratio: Return relative to maximum drawdown	2.72	2.31	+0.40
Martin ratio: Return relative to average drawdown	9.29	4.45	+4.84
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. UC79.L - Sharpe Ratio Comparison

The current VDEM.L Sharpe Ratio is 1.80, which is comparable to the UC79.L Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of VDEM.L and UC79.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.

Sharpe Ratios by Period

	VDEM.L	UC79.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	1.39	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.34	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.37	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.08	+0.27

Drawdowns

VDEM.L vs. UC79.L - Drawdown Comparison

The maximum VDEM.L drawdown since its inception was -36.63%, smaller than the maximum UC79.L drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for VDEM.L and UC79.L.

Drawdown Indicators

	VDEM.L	UC79.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.63%	-58.96%	+22.33%
Max Drawdown (1Y) Largest decline over 1 year	-10.65%	-27.11%	+16.46%
Max Drawdown (3Y) Largest decline over 3 years	-15.97%	-27.11%	+11.14%
Max Drawdown (5Y) Largest decline over 5 years	-33.19%	-36.83%	+3.64%
Max Drawdown (10Y) Largest decline over 10 years	-36.35%	-45.20%	+8.85%
Current Drawdown Current decline from peak	-1.85%	-2.76%	+0.91%
Average Drawdown Average peak-to-trough decline	-12.68%	-34.81%	+22.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	14.13%	-11.01%

Volatility

VDEM.L vs. UC79.L - Volatility Comparison

The current volatility for Vanguard FTSE Emerging Markets UCITS (VDEM.L) is 6.21%, while UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UC79.L) has a volatility of 9.25%. This indicates that VDEM.L experiences smaller price fluctuations and is considered to be less risky than UC79.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VDEM.L	UC79.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.21%	9.25%	-3.04%
Volatility (6M) Calculated over the trailing 6-month period	13.31%	17.02%	-3.71%
Volatility (1Y) Calculated over the trailing 1-year period	16.15%	45.29%	-29.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.80%	26.67%	-8.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.75%	26.16%	-7.41%

VDEM.L vs. UC79.L - Expense Ratio Comparison

VDEM.L has a 0.22% expense ratio, which is lower than UC79.L's 0.27% 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%.

Dividends

VDEM.L vs. UC79.L - Dividend Comparison

VDEM.L's dividend yield for the trailing twelve months is around 2.04%, more than UC79.L's 1.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UC79.L UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis	1.59%	2.14%	1.79%	2.38%	2.06%	1.35%	1.81%	2.11%	2.11%	1.97%	2.15%	1.60%
VDEM.L Vanguard FTSE Emerging Markets UCITS	2.04%	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

Can I hold both VDEM.L and UC79.L in my portfolio?

VDEM.L and UC79.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VDEM.L or UC79.L?

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.

Which ETF is cheaper, VDEM.L or UC79.L?

VDEM.L is cheaper with a 0.22% expense ratio, compared with 0.27% for UC79.L.

What is the main difference between VDEM.L and UC79.L?

VDEM.L tracks FTSE Emerging Index, while UC79.L tracks MSCI EM NR USD. They also come from different issuers: Vanguard and UBS. Their fees differ too: 0.22% for VDEM.L and 0.27% for UC79.L.