VFEA.L vs. EMVL.L
VFEA.L (Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating) and EMVL.L (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) are both Emerging Markets Equities funds - VFEA.L tracks the FTSE Emerging Index while EMVL.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, VFEA.L returned 5.58%/yr vs 15.68%/yr for EMVL.L. Their correlation of 0.90 suggests significant overlap in exposure. VFEA.L charges 0.17%/yr vs 0.40%/yr for EMVL.L.
Performance
VFEA.L vs. EMVL.L - Performance Comparison
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Returns By Period
In the year-to-date period, VFEA.L achieves a 7.87% return, which is significantly lower than EMVL.L's 31.08% return.
VFEA.L
- 1D
- 0.27%
- 1M
- -1.27%
- 6M
- 2.80%
- YTD
- 7.87%
- 1Y
- 16.96%
- 3Y*
- 14.95%
- 5Y*
- 5.58%
- 10Y*
- —
- ALL TIME*
- 8.17%
EMVL.L
- 1D
- -0.74%
- 1M
- -5.64%
- 6M
- 19.99%
- YTD
- 31.08%
- 1Y
- 52.60%
- 3Y*
- 30.95%
- 5Y*
- 15.68%
- 10Y*
- —
- ALL TIME*
- 14.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.85M | $3.40M | $6.59M | |
| $1.71M | $1.76M | $2.44M |
VFEA.L vs. EMVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VFEA.L Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating | 7.87% | 25.75% | 12.39% | 7.29% | -17.29% | -1.19% | 15.18% | 11.06% |
EMVL.L iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 31.08% | 43.13% | 14.49% | 18.37% | -16.29% | 5.29% | 7.72% | 10.69% |
Correlation
The correlation between VFEA.L and EMVL.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.90 |
The correlation between VFEA.L and EMVL.L has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
VFEA.L vs. EMVL.L — Risk / Return Rank
VFEA.L
EMVL.L
VFEA.L vs. EMVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating (VFEA.L) and iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VFEA.L | EMVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.38 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 3.50 | -1.92 |
| Martin ratioReturn relative to average drawdown | 5.07 | 10.56 | -5.49 |
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Drawdowns
VFEA.L vs. EMVL.L - Drawdown Comparison
The maximum VFEA.L drawdown since its inception was -36.03%, roughly equal to the maximum EMVL.L drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for VFEA.L and EMVL.L.
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Drawdown Indicators
| VFEA.L | EMVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.03% | -34.95% | -1.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -14.94% | +4.31% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -16.42% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -31.33% | -31.61% | +0.28% |
Current DrawdownCurrent decline from peak | -4.81% | -12.69% | +7.88% |
Average DrawdownAverage peak-to-trough decline | -13.11% | -9.52% | -3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 4.97% | -1.63% |
Volatility
VFEA.L vs. EMVL.L - Volatility Comparison
The current volatility for Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating (VFEA.L) is 5.04%, while iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L) has a volatility of 8.59%. This indicates that VFEA.L experiences smaller price fluctuations and is considered to be less risky than EMVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFEA.L | EMVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 8.59% | -3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 14.92% | 21.45% | -6.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.30% | 24.06% | -6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.83% | 20.73% | -2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 21.40% | -1.69% |
VFEA.L vs. EMVL.L - Expense Ratio Comparison
VFEA.L has a 0.17% expense ratio, which is lower than EMVL.L's 0.40% expense ratio.
Dividends
VFEA.L vs. EMVL.L - Dividend Comparison
Neither VFEA.L nor EMVL.L has paid dividends to shareholders.
Frequently Asked Questions
VFEA.L and EMVL.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VFEA.L is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VFEA.L is cheaper with a 0.17% expense ratio, compared with 0.40% for EMVL.L.
VFEA.L tracks FTSE Emerging Index, while EMVL.L tracks MSCI EM NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.17% for VFEA.L and 0.40% for EMVL.L.
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