VDET.L vs. TAHY.L
VDET.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) and TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc)) are both exchange-traded funds - VDET.L is a Emerging Markets Bonds fund tracking the Bloomberg EM USD Sovereign + Quasi-Sov Index, while TAHY.L is a High Yield Bonds fund tracking the iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. Both are passively managed. Over the past 3 years, VDET.L returned 7.97%/yr vs 8.17%/yr for TAHY.L. At a 0.23 correlation, their price movements are largely independent. VDET.L charges 0.23%/yr vs 0.60%/yr for TAHY.L.
Performance
VDET.L vs. TAHY.L - Performance Comparison
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Returns By Period
In the year-to-date period, VDET.L achieves a 1.30% return, which is significantly lower than TAHY.L's 3.88% return.
VDET.L
- 1D
- 0.09%
- 1M
- -0.52%
- 6M
- 1.37%
- YTD
- 1.30%
- 1Y
- 8.14%
- 3Y*
- 7.97%
- 5Y*
- 2.13%
- 10Y*
- —
TAHY.L
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 2.85%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
VDET.L vs. TAHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VDET.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 1.30% | 11.70% | 6.40% | 9.42% | -15.28% | -1.62% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 3.88% | 7.26% | 17.54% | -10.74% | -18.39% | -13.10% |
Correlation
The correlation between VDET.L and TAHY.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.23 |
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Return for Risk
VDET.L vs. TAHY.L — Risk / Return Rank
VDET.L
TAHY.L
VDET.L vs. TAHY.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 Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.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 | TAHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 2.59 | -0.30 |
| Martin ratioReturn relative to average drawdown | 9.22 | 7.38 | +1.84 |
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Drawdowns
VDET.L vs. TAHY.L - Drawdown Comparison
The maximum VDET.L drawdown since its inception was -24.10%, smaller than the maximum TAHY.L drawdown of -51.61%. Use the drawdown chart below to compare losses from any high point for VDET.L and TAHY.L.
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Drawdown Indicators
| VDET.L | TAHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.10% | -51.61% | +27.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -2.57% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -6.04% | -9.81% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -24.10% | — | — |
Current DrawdownCurrent decline from peak | -0.70% | -17.10% | +16.40% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -26.81% | +21.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.91% | -0.03% |
Volatility
VDET.L vs. TAHY.L - Volatility Comparison
The current volatility for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VDET.L) is 0.85%, while Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) has a volatility of 1.07%. This indicates that VDET.L experiences smaller price fluctuations and is considered to be less risky than TAHY.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 | TAHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 1.07% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 2.83% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.74% | 3.64% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 13.09% | -5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.66% | 13.09% | -5.43% |
VDET.L vs. TAHY.L - Expense Ratio Comparison
VDET.L has a 0.23% expense ratio, which is lower than TAHY.L's 0.60% expense ratio.
Dividends
VDET.L vs. TAHY.L - Dividend Comparison
VDET.L's dividend yield for the trailing twelve months is around 5.85%, while TAHY.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core 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 | 5.85% | 6.03% | 5.84% | 5.44% | 5.01% | 3.89% | 4.19% | 4.32% | 4.61% | 4.59% |
Frequently Asked Questions
VDET.L and TAHY.L have a correlation of 0.19, 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 0.60% for TAHY.L.
VDET.L is categorized as Emerging Markets Bonds, while TAHY.L is High Yield Bonds. VDET.L tracks Bloomberg EM USD Sovereign + Quasi-Sov Index, while TAHY.L tracks iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. They also come from different issuers: Vanguard and Janus Henderson. Their fees differ too: 0.23% for VDET.L and 0.60% for TAHY.L.
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