VDEM.L vs. VWILX

Last updated Jun 4, 2026

VDEM.L (Vanguard FTSE Emerging Markets UCITS) and VWILX (Vanguard International Growth Fund Admiral Shares) are both funds - VDEM.L is a Emerging Markets Equities fund tracking the FTSE Emerging Index, while VWILX is a Large Cap Growth Equities fund managed by Vanguard. Over the past 10 years, VDEM.L returned 8.89%/yr vs 9.94%/yr for VWILX. A 0.65 correlation means they provide meaningful diversification when combined. VDEM.L charges 0.22%/yr vs 0.32%/yr for VWILX.

Performance

VDEM.L vs. VWILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Emerging Markets UCITS (VDEM.L) and Vanguard International Growth Fund Admiral Shares (VWILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VDEM.L achieves a 11.72% return, which is significantly higher than VWILX's 6.25% return. Over the past 10 years, VDEM.L has underperformed VWILX with an annualized return of 8.89%, while VWILX has yielded a comparatively higher 9.94% 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%

VWILX

• 1D: 0.35%
• 1M: 4.18%
• YTD: 6.25%
• 6M: 6.75%
• 1Y: 13.81%
• 3Y*: 12.51%
• 5Y*: -1.21%
• 10Y*: 9.94%

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

VDEM.L vs. VWILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
VWILX Vanguard International Growth Fund Admiral Shares	6.25%	20.08%	9.18%	14.80%	-30.80%	-12.81%	59.77%	31.50%	-12.58%	43.17%

Correlation

The correlation between VDEM.L and VWILX is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since May 24, 2012	0.65

The correlation between VDEM.L and VWILX has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.

VDEM.L vs. VWILX - Sectors Allocation Comparison

Sectors	VDEM.L	VWILX
Technology	29.6%	27.5%
Financial Services	20.8%	12.2%
Consumer Cyclical	10.8%	17.5%
Basic Materials	7.8%	2.6%
Communication Services	7.5%	6.2%
Industrials	7.1%	13.3%
Energy	4.9%	1.9%
Consumer Defensive	3.6%	5.4%
Healthcare	3.4%	10.6%
Utilities	3.0%	0.5%
Real Estate	1.7%	-

Return for Risk

VDEM.L vs. VWILX — 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: 58
VDEM.L Sharpe Ratio Rank: 57
VDEM.L Sortino Ratio Rank: 58
VDEM.L Omega Ratio Rank: 57
VDEM.L Calmar Ratio Rank: 60
VDEM.L Martin Ratio Rank: 58

VWILX

VWILX Risk / Return Rank: 10
VWILX Sharpe Ratio Rank: 9
VWILX Sortino Ratio Rank: 9
VWILX Omega Ratio Rank: 9
VWILX Calmar Ratio Rank: 10
VWILX Martin Ratio Rank: 10

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. VWILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS (VDEM.L) and Vanguard International Growth Fund Admiral Shares (VWILX). 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	VWILX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	0.76	+1.19
Sortino ratio: Return per unit of downside risk	2.74	1.16	+1.58
Omega ratio: Gain probability vs. loss probability	1.35	1.14	+0.21
Calmar ratio: Return relative to maximum drawdown	2.94	0.96	+1.98
Martin ratio: Return relative to average drawdown	10.07	3.10	+6.97
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. VWILX - Sharpe Ratio Comparison

The current VDEM.L Sharpe Ratio is 1.94, which is higher than the VWILX Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of VDEM.L and VWILX, 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	VWILX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	0.76	+1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	-0.05	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.46	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.35	+0.01

Drawdowns

VDEM.L vs. VWILX - Drawdown Comparison

The maximum VDEM.L drawdown since its inception was -36.63%, smaller than the maximum VWILX drawdown of -59.49%. Use the drawdown chart below to compare losses from any high point for VDEM.L and VWILX.

Drawdown Indicators

	VDEM.L	VWILX	Difference
Max Drawdown Largest peak-to-trough decline	-36.63%	-59.49%	+22.86%
Max Drawdown (1Y) Largest decline over 1 year	-10.65%	-14.06%	+3.41%
Max Drawdown (3Y) Largest decline over 3 years	-15.97%	-20.02%	+4.05%
Max Drawdown (5Y) Largest decline over 5 years	-33.19%	-53.56%	+20.37%
Max Drawdown (10Y) Largest decline over 10 years	-36.35%	-54.08%	+17.73%
Current Drawdown Current decline from peak	-1.46%	-14.66%	+13.20%
Average Drawdown Average peak-to-trough decline	-12.68%	-15.09%	+2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	4.36%	-1.24%

Volatility

VDEM.L vs. VWILX - Volatility Comparison

Vanguard FTSE Emerging Markets UCITS (VDEM.L) has a higher volatility of 6.21% compared to Vanguard International Growth Fund Admiral Shares (VWILX) at 4.73%. This indicates that VDEM.L's price experiences larger fluctuations and is considered to be riskier than VWILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VDEM.L	VWILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.21%	4.73%	+1.48%
Volatility (6M) Calculated over the trailing 6-month period	13.30%	14.45%	-1.15%
Volatility (1Y) Calculated over the trailing 1-year period	16.14%	17.96%	-1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.80%	23.43%	-5.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.75%	21.70%	-2.95%

VDEM.L vs. VWILX - Expense Ratio Comparison

VDEM.L has a 0.22% expense ratio, which is lower than VWILX's 0.32% expense ratio.

Dividends

VDEM.L vs. VWILX - Dividend Comparison

VDEM.L's dividend yield for the trailing twelve months is around 2.03%, less than VWILX's 6.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VWILX Vanguard International Growth Fund Admiral Shares	6.49%	6.89%	9.81%	1.92%	7.03%	0.36%	2.38%	1.30%	5.52%	0.84%	1.42%	1.53%

Frequently Asked Questions

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

VDEM.L and VWILX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.