VDET.L vs. VDEA.L
VDET.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) and VDEA.L (Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation) are both Emerging Markets Bonds funds from Vanguard tracking the Bloomberg EM USD Sovereign + Quasi-Sov Index. Both are passively managed. Over the past 5 years, VDET.L returned 2.30%/yr vs 2.35%/yr for VDEA.L. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.23% expense ratio.
Performance
VDET.L vs. VDEA.L - Performance Comparison
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Returns By Period
In the year-to-date period, VDET.L achieves a 1.31% return, which is significantly lower than VDEA.L's 1.53% return.
VDET.L
- 1D
- -0.02%
- 1M
- 0.71%
- YTD
- 1.31%
- 6M
- 1.85%
- 1Y
- 9.46%
- 3Y*
- 8.79%
- 5Y*
- 2.30%
- 10Y*
- —
VDEA.L
- 1D
- 0.38%
- 1M
- 0.92%
- YTD
- 1.53%
- 6M
- 1.87%
- 1Y
- 9.45%
- 3Y*
- 8.87%
- 5Y*
- 2.35%
- 10Y*
- —
VDET.L vs. VDEA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VDET.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 1.31% | 11.70% | 6.40% | 9.41% | -15.27% | -1.76% | 6.08% | 9.12% |
VDEA.L Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation | 1.53% | 11.45% | 6.35% | 9.72% | -15.28% | -1.74% | 6.10% | 9.05% |
Correlation
The correlation between VDET.L and VDEA.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.91 |
The correlation between VDET.L and VDEA.L shifts across timeframes, from 0.81 (1 year) to 0.93 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VDET.L vs. VDEA.L — Risk / Return Rank
VDET.L
VDEA.L
VDET.L vs. VDEA.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 Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation (VDEA.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 | VDEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.34 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.56 | +0.09 |
| Martin ratioReturn relative to average drawdown | 10.75 | 10.10 | +0.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VDET.L | VDEA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.88 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.33 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.42 | +0.03 |
Drawdowns
VDET.L vs. VDEA.L - Drawdown Comparison
The maximum VDET.L drawdown since its inception was -24.09%, roughly equal to the maximum VDEA.L drawdown of -24.08%. Use the drawdown chart below to compare losses from any high point for VDET.L and VDEA.L.
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Drawdown Indicators
| VDET.L | VDEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.09% | -24.08% | -0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -3.66% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -6.04% | -6.16% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -24.08% | -0.01% |
Current DrawdownCurrent decline from peak | -0.22% | -0.13% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -6.08% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.93% | -0.05% |
Volatility
VDET.L vs. VDEA.L - Volatility Comparison
The current volatility for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VDET.L) is 1.79%, while Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation (VDEA.L) has a volatility of 2.08%. This indicates that VDET.L experiences smaller price fluctuations and is considered to be less risky than VDEA.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 | VDEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 2.08% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 4.05% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 5.00% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 7.26% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.70% | 8.37% | -0.67% |
VDET.L vs. VDEA.L - Expense Ratio Comparison
Both VDET.L and VDEA.L have an expense ratio of 0.23%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VDET.L vs. VDEA.L - Dividend Comparison
VDET.L's dividend yield for the trailing twelve months is around 5.91%, while VDEA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VDEA.L Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation | 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 | 5.91% | 6.03% | 5.84% | 5.44% | 5.01% | 3.89% | 4.19% | 4.32% | 4.61% | 4.59% |
Frequently Asked Questions
VDET.L and VDEA.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.23% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VDET.L and VDEA.L have the same expense ratio: 0.23% per year.
Both ETFs track Bloomberg EM USD Sovereign + Quasi-Sov Index.
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