VDET.L vs. JPEA.L
VDET.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) and JPEA.L (iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)) are both Emerging Markets Bonds funds - VDET.L tracks the Bloomberg EM USD Sovereign + Quasi-Sov Index while JPEA.L tracks the J.P. Morgan EMBI Global Core Index. Both are passively managed. Over the past 5 years, VDET.L returned 2.36%/yr vs 2.00%/yr for JPEA.L. Their correlation of 0.89 suggests significant overlap in exposure. VDET.L charges 0.23%/yr vs 0.45%/yr for JPEA.L.
Performance
VDET.L vs. JPEA.L - Performance Comparison
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Returns By Period
In the year-to-date period, VDET.L achieves a 1.81% return, which is significantly lower than JPEA.L's 2.31% return.
VDET.L
- 1D
- -0.11%
- 1M
- 1.24%
- YTD
- 1.81%
- 6M
- 2.00%
- 1Y
- 9.10%
- 3Y*
- 8.53%
- 5Y*
- 2.36%
- 10Y*
- —
JPEA.L
- 1D
- 0.15%
- 1M
- 1.68%
- YTD
- 2.31%
- 6M
- 2.63%
- 1Y
- 11.04%
- 3Y*
- 9.48%
- 5Y*
- 2.00%
- 10Y*
- —
VDET.L vs. JPEA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VDET.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 1.81% | 11.70% | 6.40% | 9.42% | -15.28% | -1.76% | 6.08% | 13.12% | -2.74% | 4.07% |
JPEA.L iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) | 2.31% | 13.66% | 5.74% | 10.95% | -18.56% | -2.19% | 5.37% | 15.97% | -5.66% | 5.60% |
Correlation
The correlation between VDET.L and JPEA.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2017 | 0.89 |
The correlation between VDET.L and JPEA.L has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
VDET.L vs. JPEA.L — Risk / Return Rank
VDET.L
JPEA.L
VDET.L vs. JPEA.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 iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VDET.L | JPEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.50 | +0.05 |
| Martin ratioReturn relative to average drawdown | 10.30 | 10.71 | -0.41 |
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Drawdowns
VDET.L vs. JPEA.L - Drawdown Comparison
The maximum VDET.L drawdown since its inception was -24.10%, smaller than the maximum JPEA.L drawdown of -28.64%. Use the drawdown chart below to compare losses from any high point for VDET.L and JPEA.L.
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Drawdown Indicators
| VDET.L | JPEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.10% | -28.64% | +4.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -4.39% | +0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -6.04% | -7.35% | +1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -24.10% | -28.64% | +4.54% |
Current DrawdownCurrent decline from peak | -0.20% | -0.30% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -4.92% | -6.75% | +1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.03% | -0.15% |
Volatility
VDET.L vs. JPEA.L - Volatility Comparison
The current volatility for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VDET.L) is 1.22%, while iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.L) has a volatility of 1.83%. This indicates that VDET.L experiences smaller price fluctuations and is considered to be less risky than JPEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDET.L | JPEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.83% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 3.78% | 4.72% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.77% | 5.78% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 8.95% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.68% | 10.22% | -2.54% |
VDET.L vs. JPEA.L - Expense Ratio Comparison
VDET.L has a 0.23% expense ratio, which is lower than JPEA.L's 0.45% expense ratio.
Dividends
VDET.L vs. JPEA.L - Dividend Comparison
VDET.L's dividend yield for the trailing twelve months is around 5.88%, while JPEA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JPEA.L iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VDET.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.88% | 6.03% | 5.84% | 5.44% | 5.01% | 3.89% | 4.19% | 4.32% | 4.61% | 4.59% |
Frequently Asked Questions
VDET.L and JPEA.L have a correlation of 0.84, 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 0.45% for JPEA.L.
VDET.L tracks Bloomberg EM USD Sovereign + Quasi-Sov Index, while JPEA.L tracks J.P. Morgan EMBI Global Core Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.23% for VDET.L and 0.45% for JPEA.L.
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