VEMT.L vs. ZURN.SW

Last updated Jun 9, 2026

VEMT.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) is Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD, while ZURN.SW (Zurich Insurance Group AG) is a stock. Over the past 5 years, VEMT.L returned 3.20%/yr vs 17.90%/yr for ZURN.SW. At a 0.21 correlation, their price movements are largely independent.

Performance

VEMT.L vs. ZURN.SW - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VEMT.L) and Zurich Insurance Group AG (ZURN.SW). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VEMT.L is traded in GBP, while ZURN.SW is traded in CHF. To make them comparable, the ZURN.SW 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 1.51% return, which is significantly higher than ZURN.SW's -3.17% return.

VEMT.L

• 1D: 0.03%
• 1M: 1.28%
• YTD: 1.51%
• 6M: 1.47%
• 1Y: 10.34%
• 3Y*: 6.32%
• 5Y*: 3.20%
• 10Y*: —

ZURN.SW

• 1D: 0.80%
• 1M: 1.38%
• YTD: -3.17%
• 6M: 1.96%
• 1Y: 4.56%
• 3Y*: 16.70%
• 5Y*: 17.90%
• 10Y*: 18.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VEMT.L vs. ZURN.SW - 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	1.51%	4.08%	8.08%	3.45%	-5.21%	-0.56%	2.53%	9.68%	2.79%	-1.60%
ZURN.SW Zurich Insurance Group AG	-3.17%	25.10%	22.54%	9.44%	28.09%	9.79%	5.92%	41.37%	10.44%	7.54%

Correlation

The correlation between VEMT.L and ZURN.SW is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Dec 7, 2016	0.21

The correlation between VEMT.L and ZURN.SW shifts across timeframes, from 0.08 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VEMT.L vs. ZURN.SW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VEMT.L

VEMT.L Risk / Return Rank: 53
VEMT.L Sharpe Ratio Rank: 55
VEMT.L Sortino Ratio Rank: 57
VEMT.L Omega Ratio Rank: 53
VEMT.L Calmar Ratio Rank: 53
VEMT.L Martin Ratio Rank: 45

ZURN.SW

ZURN.SW Risk / Return Rank: 37
ZURN.SW Sharpe Ratio Rank: 40
ZURN.SW Sortino Ratio Rank: 32
ZURN.SW Omega Ratio Rank: 32
ZURN.SW Calmar Ratio Rank: 40
ZURN.SW Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VEMT.L vs. ZURN.SW - 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 Zurich Insurance Group AG (ZURN.SW). 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	ZURN.SW	Difference
Sharpe ratio: Return per unit of total volatility	1.69	0.25	+1.44
Sortino ratio: Return per unit of downside risk	2.43	0.44	+1.99
Omega ratio: Gain probability vs. loss probability	1.30	1.06	+0.24
Calmar ratio: Return relative to maximum drawdown	2.38	0.43	+1.95
Martin ratio: Return relative to average drawdown	6.68	1.03	+5.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEMT.L vs. ZURN.SW - Sharpe Ratio Comparison

The current VEMT.L Sharpe Ratio is 1.69, which is higher than the ZURN.SW Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of VEMT.L and ZURN.SW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VEMT.L	ZURN.SW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	0.25	+1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	1.03	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.56	-0.26

Drawdowns

VEMT.L vs. ZURN.SW - Drawdown Comparison

The maximum VEMT.L drawdown since its inception was -14.62%, smaller than the maximum ZURN.SW drawdown of -50.07%. Use the drawdown chart below to compare losses from any high point for VEMT.L and ZURN.SW.

Drawdown Indicators

	VEMT.L	ZURN.SW	Difference
Max Drawdown Largest peak-to-trough decline	-14.62%	-50.07%	+35.45%
Max Drawdown (1Y) Largest decline over 1 year	-4.33%	-10.34%	+6.01%
Max Drawdown (3Y) Largest decline over 3 years	-8.60%	-10.70%	+2.10%
Max Drawdown (5Y) Largest decline over 5 years	-11.41%	-11.82%	+0.41%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.87%	—
Current Drawdown Current decline from peak	-0.54%	-4.92%	+4.38%
Average Drawdown Average peak-to-trough decline	-5.87%	-7.06%	+1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.54%	4.30%	-2.76%

Volatility

VEMT.L vs. ZURN.SW - Volatility Comparison

The current volatility for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VEMT.L) is 1.33%, while Zurich Insurance Group AG (ZURN.SW) has a volatility of 6.41%. This indicates that VEMT.L experiences smaller price fluctuations and is considered to be less risky than ZURN.SW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEMT.L	ZURN.SW	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	6.41%	-5.08%
Volatility (6M) Calculated over the trailing 6-month period	4.43%	15.09%	-10.66%
Volatility (1Y) Calculated over the trailing 1-year period	6.11%	17.98%	-11.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.13%	17.50%	-9.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.14%	19.19%	-10.05%

Dividends

VEMT.L vs. ZURN.SW - Dividend Comparison

VEMT.L's dividend yield for the trailing twelve months is around 5.92%, more than ZURN.SW's 5.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	4.45%	4.81%	0.00%	0.00%
ZURN.SW Zurich Insurance Group AG	5.47%	4.65%	4.83%	5.46%	4.97%	5.00%	5.35%	4.78%	6.14%	5.73%	6.06%	6.58%

Frequently Asked Questions

Can I hold both VEMT.L and ZURN.SW in my portfolio?

VEMT.L and ZURN.SW have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.