VDET.L vs. EMDG.L
VDET.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) and EMDG.L (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF) are both Emerging Markets Bonds funds - VDET.L tracks the Bloomberg EM USD Sovereign + Quasi-Sov Index while EMDG.L tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, VDET.L returned 2.30%/yr vs 2.86%/yr for EMDG.L. At a 0.41 correlation, their price movements are largely independent. VDET.L charges 0.23%/yr vs 0.25%/yr for EMDG.L.
Performance
VDET.L vs. EMDG.L - Performance Comparison
Loading charts...
Different Trading Currencies
VDET.L is traded in USD, while EMDG.L is traded in GBp. To make them comparable, the EMDG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with VDET.L having a 1.31% return and EMDG.L slightly higher at 1.35%.
VDET.L
- 1D
- -0.02%
- 1M
- 0.71%
- YTD
- 1.31%
- 6M
- 1.85%
- 1Y
- 9.46%
- 3Y*
- 8.79%
- 5Y*
- 2.30%
- 10Y*
- —
EMDG.L
- 1D
- 0.16%
- 1M
- 0.62%
- YTD
- 1.35%
- 6M
- 2.16%
- 1Y
- 6.89%
- 3Y*
- 8.51%
- 5Y*
- 2.86%
- 10Y*
- —
VDET.L vs. EMDG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VDET.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 1.31% | 11.70% | 6.40% | 9.41% | -15.27% | -1.76% | 1.70% |
EMDG.L L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 1.35% | 10.07% | 8.59% | 7.37% | -10.44% | 0.04% | 0.35% |
Correlation
The correlation between VDET.L and EMDG.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.41 |
The correlation between VDET.L and EMDG.L shifts across timeframes, from 0.29 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VDET.L vs. EMDG.L — Risk / Return Rank
VDET.L
EMDG.L
VDET.L vs. EMDG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VDET.L) and L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMDG.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.
| VDET.L | EMDG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.93 | -0.29 |
| Martin ratioReturn relative to average drawdown | 10.75 | 11.90 | -1.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VDET.L | EMDG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.48 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.43 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.45 | 0.00 |
Drawdowns
VDET.L vs. EMDG.L - Drawdown Comparison
The maximum VDET.L drawdown since its inception was -24.09%, which is greater than EMDG.L's maximum drawdown of -16.34%. Use the drawdown chart below to compare losses from any high point for VDET.L and EMDG.L.
Loading charts...
Drawdown Indicators
| VDET.L | EMDG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.09% | -16.34% | -7.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -2.34% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -6.04% | -2.34% | -3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -16.34% | -7.75% |
Current DrawdownCurrent decline from peak | -0.22% | -0.22% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -4.41% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.58% | +0.30% |
Volatility
VDET.L vs. EMDG.L - Volatility Comparison
Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VDET.L) has a higher volatility of 1.79% compared to L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMDG.L) at 1.46%. This indicates that VDET.L's price experiences larger fluctuations and is considered to be riskier than EMDG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VDET.L | EMDG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 1.46% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 3.65% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 4.65% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 6.61% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.70% | 6.45% | +1.25% |
VDET.L vs. EMDG.L - Expense Ratio Comparison
VDET.L has a 0.23% expense ratio, which is lower than EMDG.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%.
Dividends
VDET.L vs. EMDG.L - Dividend Comparison
VDET.L's dividend yield for the trailing twelve months is around 5.91%, more than EMDG.L's 5.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMDG.L L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 5.33% | 5.95% | 5.95% | 4.65% | 2.91% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% |
VDET.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.91% | 6.03% | 5.84% | 5.44% | 5.01% | 3.89% | 4.19% | 4.32% | 4.61% | 4.59% |
Frequently Asked Questions
VDET.L and EMDG.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDET.L is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDET.L is cheaper with a 0.23% expense ratio, compared with 0.25% for EMDG.L.
VDET.L tracks Bloomberg EM USD Sovereign + Quasi-Sov Index, while EMDG.L tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: Vanguard and Legal & General. Their fees differ too: 0.23% for VDET.L and 0.25% for EMDG.L.
Find the right allocation for VDET.L and EMDG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer