VFEA.DE vs. VDEM.L
VFEA.DE (Vanguard FTSE Emerging Markets UCITS ETF Acc) and VDEM.L (Vanguard FTSE Emerging Markets UCITS) are both Emerging Markets Equities funds from Vanguard - VFEA.DE tracks the FTSE Emerging while VDEM.L tracks the FTSE Emerging Index. Both are passively managed. Over the past 5 years, VFEA.DE returned 5.93%/yr vs 6.01%/yr for VDEM.L. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.22% expense ratio.
Performance
VFEA.DE vs. VDEM.L - Performance Comparison
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Different Trading Currencies
VFEA.DE is traded in EUR, while VDEM.L is traded in USD. To make them comparable, the VDEM.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with VFEA.DE having a 12.59% return and VDEM.L slightly lower at 12.55%.
VFEA.DE
- 1D
- -0.47%
- 1M
- 2.09%
- YTD
- 12.59%
- 6M
- 13.26%
- 1Y
- 26.84%
- 3Y*
- 15.02%
- 5Y*
- 5.93%
- 10Y*
- —
VDEM.L
- 1D
- -0.53%
- 1M
- 2.18%
- YTD
- 12.55%
- 6M
- 13.14%
- 1Y
- 26.88%
- 3Y*
- 15.09%
- 5Y*
- 6.01%
- 10Y*
- 8.44%
VFEA.DE vs. VDEM.L - 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% |
VDEM.L Vanguard FTSE Emerging Markets UCITS | 12.55% | 10.97% | 19.69% | 4.06% | -12.07% | 6.52% | 5.39% | 8.23% |
Correlation
The correlation between VFEA.DE and VDEM.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.90 |
The correlation between VFEA.DE and VDEM.L has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
VFEA.DE vs. VDEM.L — Risk / Return Rank
VFEA.DE
VDEM.L
VFEA.DE vs. VDEM.L - 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 Vanguard FTSE Emerging Markets UCITS (VDEM.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.
| VFEA.DE | VDEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.19 | -0.02 |
| Martin ratioReturn relative to average drawdown | 10.71 | 9.97 | +0.75 |
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
| VFEA.DE | VDEM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 1.71 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.36 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.38 | +0.05 |
Drawdowns
VFEA.DE vs. VDEM.L - Drawdown Comparison
The maximum VFEA.DE drawdown since its inception was -30.51%, smaller than the maximum VDEM.L drawdown of -36.87%. Use the drawdown chart below to compare losses from any high point for VFEA.DE and VDEM.L.
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Drawdown Indicators
| VFEA.DE | VDEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.51% | -36.87% | +6.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -8.39% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -18.97% | -17.43% | -1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -19.99% | -20.38% | +0.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.46% | — |
Current DrawdownCurrent decline from peak | -1.85% | -1.71% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -8.59% | -9.33% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.69% | -0.19% |
Volatility
VFEA.DE vs. VDEM.L - Volatility Comparison
Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEA.DE) and Vanguard FTSE Emerging Markets UCITS (VDEM.L) have volatilities of 5.45% and 5.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFEA.DE | VDEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 5.71% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 12.52% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.70% | 15.65% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.69% | 16.52% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 18.14% | +0.06% |
VFEA.DE vs. VDEM.L - Expense Ratio Comparison
Both VFEA.DE and VDEM.L have an expense ratio of 0.22%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VFEA.DE vs. VDEM.L - Dividend Comparison
VFEA.DE has not paid dividends to shareholders, while VDEM.L's dividend yield for the trailing twelve months is around 2.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VDEM.L Vanguard FTSE Emerging Markets UCITS | 2.04% | 2.34% | 2.38% | 2.58% | 3.27% | 2.30% | 1.81% | 2.33% | 2.82% | 2.16% | 2.40% | 2.94% |
VFEA.DE Vanguard FTSE Emerging Markets UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, VFEA.DE and VDEM.L 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.
Both ETFs have the same 0.22% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VFEA.DE and VDEM.L have the same expense ratio: 0.22% per year.
VFEA.DE tracks FTSE Emerging, while VDEM.L tracks FTSE Emerging Index.
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