VFEA.DE vs. AMEM.DE

Last updated Jun 5, 2026

VFEA.DE (Vanguard FTSE Emerging Markets UCITS ETF Acc) and AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) are both Emerging Markets Equities funds - VFEA.DE tracks the FTSE Emerging while AMEM.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, VFEA.DE returned 5.93%/yr vs 8.42%/yr for AMEM.DE. With a 0.96 correlation, they move nearly in lockstep. VFEA.DE charges 0.22%/yr vs 0.20%/yr for AMEM.DE.

Performance

VFEA.DE vs. AMEM.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEA.DE) and Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VFEA.DE achieves a 12.59% return, which is significantly lower than AMEM.DE's 27.34% return.

VFEA.DE

• 1D: -0.47%
• 1M: 2.09%
• YTD: 12.59%
• 6M: 13.26%
• 1Y: 26.84%
• 3Y*: 15.02%
• 5Y*: 5.93%
• 10Y*: —

AMEM.DE

• 1D: -1.57%
• 1M: 5.93%
• YTD: 27.34%
• 6M: 29.35%
• 1Y: 49.79%
• 3Y*: 20.85%
• 5Y*: 8.42%
• 10Y*: 9.86%

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

VFEA.DE vs. AMEM.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VFEA.DE Vanguard FTSE Emerging Markets UCITS ETF Acc	12.59%	11.25%	19.29%	3.31%	-10.70%	6.34%	3.46%	9.82%
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR	27.34%	19.31%	13.70%	5.24%	-13.78%	3.95%	6.30%	9.76%

Correlation

The correlation between VFEA.DE and AMEM.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.96

The correlation between VFEA.DE and AMEM.DE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

VFEA.DE vs. AMEM.DE — Risk / Return Rank

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

VFEA.DE

VFEA.DE Risk / Return Rank: 58
VFEA.DE Sharpe Ratio Rank: 54
VFEA.DE Sortino Ratio Rank: 55
VFEA.DE Omega Ratio Rank: 53
VFEA.DE Calmar Ratio Rank: 65
VFEA.DE Martin Ratio Rank: 61

AMEM.DE

AMEM.DE Risk / Return Rank: 85
AMEM.DE Sharpe Ratio Rank: 86
AMEM.DE Sortino Ratio Rank: 84
AMEM.DE Omega Ratio Rank: 84
AMEM.DE Calmar Ratio Rank: 85
AMEM.DE Martin Ratio Rank: 84

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.

VFEA.DE vs. AMEM.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEA.DE) and Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.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.

	VFEA.DE	AMEM.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.80	-0.98
Sortino ratio: Return per unit of downside risk	2.60	3.73	-1.12
Omega ratio: Gain probability vs. loss probability	1.33	1.51	-0.18
Calmar ratio: Return relative to maximum drawdown	3.17	4.65	-1.48
Martin ratio: Return relative to average drawdown	10.71	16.89	-6.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VFEA.DE vs. AMEM.DE - Sharpe Ratio Comparison

The current VFEA.DE Sharpe Ratio is 1.82, which is lower than the AMEM.DE Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of VFEA.DE and AMEM.DE, 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

	VFEA.DE	AMEM.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	2.80	-0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.50	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.34	+0.09

Drawdowns

VFEA.DE vs. AMEM.DE - Drawdown Comparison

The maximum VFEA.DE drawdown since its inception was -30.51%, smaller than the maximum AMEM.DE drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for VFEA.DE and AMEM.DE.

Drawdown Indicators

	VFEA.DE	AMEM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-30.51%	-35.87%	+5.36%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-10.65%	+2.21%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-19.22%	+0.25%
Max Drawdown (5Y) Largest decline over 5 years	-19.99%	-23.53%	+3.54%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.93%	—
Current Drawdown Current decline from peak	-1.85%	-2.62%	+0.77%
Average Drawdown Average peak-to-trough decline	-8.59%	-10.29%	+1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	2.94%	-0.44%

Volatility

VFEA.DE vs. AMEM.DE - Volatility Comparison

The current volatility for Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEA.DE) is 5.45%, while Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) has a volatility of 7.41%. This indicates that VFEA.DE experiences smaller price fluctuations and is considered to be less risky than AMEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFEA.DE	AMEM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	7.41%	-1.96%
Volatility (6M) Calculated over the trailing 6-month period	11.82%	15.02%	-3.20%
Volatility (1Y) Calculated over the trailing 1-year period	14.70%	17.74%	-3.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.69%	16.70%	-1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.20%	18.28%	-0.08%

VFEA.DE vs. AMEM.DE - Expense Ratio Comparison

VFEA.DE has a 0.22% expense ratio, which is higher than AMEM.DE's 0.20% 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

VFEA.DE vs. AMEM.DE - Dividend Comparison

Neither VFEA.DE nor AMEM.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VFEA.DE and AMEM.DE in my portfolio?

With a correlation of 0.95, VFEA.DE and AMEM.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, VFEA.DE or AMEM.DE?

On fees, AMEM.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VFEA.DE or AMEM.DE?

AMEM.DE is cheaper with a 0.20% expense ratio, compared with 0.22% for VFEA.DE.

What is the main difference between VFEA.DE and AMEM.DE?

VFEA.DE tracks FTSE Emerging, while AMEM.DE tracks MSCI Emerging Markets. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.22% for VFEA.DE and 0.20% for AMEM.DE.