VETA.L vs. SEMA.L
VETA.L (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and SEMA.L (iShares MSCI EM UCITS ETF (Acc)) are both exchange-traded funds - VETA.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while SEMA.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, VETA.L returned -2.10%/yr vs 8.58%/yr for SEMA.L. At a 0.07 correlation, their price movements are largely independent. VETA.L charges 0.07%/yr vs 0.18%/yr for SEMA.L.
Performance
VETA.L vs. SEMA.L - Performance Comparison
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Different Trading Currencies
VETA.L is traded in GBP, while SEMA.L is traded in GBp. To make them comparable, the SEMA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VETA.L achieves a -0.82% return, which is significantly lower than SEMA.L's 26.04% return.
VETA.L
- 1D
- 0.23%
- 1M
- 0.78%
- YTD
- -0.82%
- 6M
- -0.92%
- 1Y
- 2.67%
- 3Y*
- 2.47%
- 5Y*
- -2.10%
- 10Y*
- —
SEMA.L
- 1D
- -1.41%
- 1M
- 6.37%
- YTD
- 26.04%
- 6M
- 28.18%
- 1Y
- 53.95%
- 3Y*
- 20.93%
- 5Y*
- 8.58%
- 10Y*
- 10.90%
VETA.L vs. SEMA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VETA.L Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | -0.82% | 5.79% | -2.93% | 4.76% | -13.59% | -9.77% | 10.65% | 3.88% |
SEMA.L iShares MSCI EM UCITS ETF (Acc) | 26.04% | 25.09% | 9.38% | 3.47% | -10.74% | -1.60% | 14.69% | 7.37% |
Correlation
The correlation between VETA.L and SEMA.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.07 |
The correlation between VETA.L and SEMA.L shifts across timeframes, from 0.05 (5 years) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VETA.L vs. SEMA.L — Risk / Return Rank
VETA.L
SEMA.L
VETA.L vs. SEMA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VETA.L) and iShares MSCI EM UCITS ETF (Acc) (SEMA.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.
| VETA.L | SEMA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.67 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.59 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 4.90 | -4.33 |
| Martin ratioReturn relative to average drawdown | 1.29 | 17.45 | -16.17 |
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
| VETA.L | SEMA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 3.16 | -2.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | 0.53 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.40 | -0.47 |
Drawdowns
VETA.L vs. SEMA.L - Drawdown Comparison
The maximum VETA.L drawdown since its inception was -26.60%, smaller than the maximum SEMA.L drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for VETA.L and SEMA.L.
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Drawdown Indicators
| VETA.L | SEMA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.60% | -31.75% | +5.15% |
Max Drawdown (1Y)Largest decline over 1 year | -4.66% | -10.95% | +6.29% |
Max Drawdown (3Y)Largest decline over 3 years | -6.23% | -15.23% | +9.00% |
Max Drawdown (5Y)Largest decline over 5 years | -20.71% | -23.52% | +2.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.06% | — |
Current DrawdownCurrent decline from peak | -18.72% | -2.37% | -16.35% |
Average DrawdownAverage peak-to-trough decline | -15.05% | -10.72% | -4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 3.08% | -1.01% |
Volatility
VETA.L vs. SEMA.L - Volatility Comparison
The current volatility for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VETA.L) is 1.85%, while iShares MSCI EM UCITS ETF (Acc) (SEMA.L) has a volatility of 7.29%. This indicates that VETA.L experiences smaller price fluctuations and is considered to be less risky than SEMA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VETA.L | SEMA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 7.29% | -5.44% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 14.56% | -10.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 17.00% | -11.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.49% | 16.21% | -8.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.96% | 18.05% | -10.09% |
VETA.L vs. SEMA.L - Expense Ratio Comparison
VETA.L has a 0.07% expense ratio, which is lower than SEMA.L's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VETA.L vs. SEMA.L - Dividend Comparison
Neither VETA.L nor SEMA.L has paid dividends to shareholders.
Frequently Asked Questions
VETA.L and SEMA.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VETA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VETA.L is cheaper with a 0.07% expense ratio, compared with 0.18% for SEMA.L.
VETA.L is categorized as European Government Bonds, while SEMA.L is Emerging Markets Equities. VETA.L tracks Bloomberg Euro Agg Govt TR EUR, while SEMA.L tracks MSCI EM NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VETA.L and 0.18% for SEMA.L.
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