VEMT.L vs. VUCP.DE
VEMT.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) and VUCP.DE (Vanguard USD Corporate Bond UCITS ETF Distributing) are both exchange-traded funds - VEMT.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD, while VUCP.DE is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, VEMT.L returned 3.40%/yr vs 1.79%/yr for VUCP.DE. A 0.74 correlation means they provide meaningful diversification when combined. VEMT.L charges 0.25%/yr vs 0.09%/yr for VUCP.DE.
Performance
VEMT.L vs. VUCP.DE - Performance Comparison
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Different Trading Currencies
VEMT.L is traded in GBP, while VUCP.DE is traded in EUR. To make them comparable, the VUCP.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VEMT.L achieves a 1.55% return, which is significantly higher than VUCP.DE's 0.94% return.
VEMT.L
- 1D
- 0.03%
- 1M
- 1.60%
- YTD
- 1.55%
- 6M
- 1.13%
- 1Y
- 10.55%
- 3Y*
- 5.98%
- 5Y*
- 3.40%
- 10Y*
- —
VUCP.DE
- 1D
- 0.24%
- 1M
- 1.54%
- YTD
- 0.94%
- 6M
- 0.18%
- 1Y
- 6.71%
- 3Y*
- 2.76%
- 5Y*
- 1.79%
- 10Y*
- —
VEMT.L vs. VUCP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEMT.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 1.55% | 4.07% | 8.08% | 3.44% | -5.19% | -0.56% | 2.53% | 9.67% | 2.79% | -1.80% |
VUCP.DE Vanguard USD Corporate Bond UCITS ETF Distributing | 0.94% | 0.76% | 3.89% | 2.34% | -4.61% | -0.49% | 5.08% | 11.34% | 3.32% | -1.34% |
Correlation
The correlation between VEMT.L and VUCP.DE 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 | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.74 |
The correlation between VEMT.L and VUCP.DE shifts across timeframes, from 0.67 (1 year) to 0.79 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VEMT.L vs. VUCP.DE — Risk / Return Rank
VEMT.L
VUCP.DE
VEMT.L vs. VUCP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VEMT.L) and Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.DE). 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.
| VEMT.L | VUCP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.40 | +1.04 |
| Martin ratioReturn relative to average drawdown | 6.86 | 3.31 | +3.55 |
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
| VEMT.L | VUCP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 1.05 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.20 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.25 | +0.06 |
Drawdowns
VEMT.L vs. VUCP.DE - Drawdown Comparison
The maximum VEMT.L drawdown since its inception was -14.64%, roughly equal to the maximum VUCP.DE drawdown of -14.80%. Use the drawdown chart below to compare losses from any high point for VEMT.L and VUCP.DE.
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Drawdown Indicators
| VEMT.L | VUCP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.64% | -14.80% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -4.78% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -8.59% | -8.57% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -11.41% | -13.27% | +1.86% |
Current DrawdownCurrent decline from peak | -0.50% | -3.15% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -6.27% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 2.02% | -0.49% |
Volatility
VEMT.L vs. VUCP.DE - Volatility Comparison
The current volatility for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VEMT.L) is 1.33%, while Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.DE) has a volatility of 1.57%. This indicates that VEMT.L experiences smaller price fluctuations and is considered to be less risky than VUCP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEMT.L | VUCP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.57% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 4.43% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 6.38% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.13% | 8.66% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.15% | 9.50% | -0.35% |
VEMT.L vs. VUCP.DE - Expense Ratio Comparison
VEMT.L has a 0.25% expense ratio, which is higher than VUCP.DE's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VEMT.L vs. VUCP.DE - Dividend Comparison
VEMT.L's dividend yield for the trailing twelve months is around 5.92%, more than VUCP.DE's 5.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VEMT.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.92% | 6.17% | 5.74% | 5.56% | 4.88% | 3.81% | 4.47% | 4.46% | 4.44% | 4.81% |
VUCP.DE Vanguard USD Corporate Bond UCITS ETF Distributing | 5.15% | 5.41% | 4.83% | 4.45% | 3.56% | 2.50% | 3.06% | 3.27% | 3.48% | 3.36% |
Frequently Asked Questions
VEMT.L and VUCP.DE 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.
On fees, VUCP.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUCP.DE is cheaper with a 0.09% expense ratio, compared with 0.25% for VEMT.L.
VEMT.L is categorized as Emerging Markets Bonds, while VUCP.DE is Corporate Bonds. VEMT.L tracks JPM EMBI Global Diversified TR USD, while VUCP.DE tracks Bloomberg US Corp Bond TR USD. Their fees differ too: 0.25% for VEMT.L and 0.09% for VUCP.DE.
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