VFEA.L vs. LDME.L
VFEA.L (Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating) and LDME.L (L&G Emerging Markets Quality Dividends Equal Weight UCITS ETF USD (Dist)) are both exchange-traded funds - VFEA.L is a Emerging Markets Equities fund tracking the FTSE Emerging Index, while LDME.L is a Quality Factor fund tracking the FTSE Emerging All Cap ex CW ex TC ex REITS Dividend Growth with Quality Index. Both are passively managed. Over the past 5 years, VFEA.L returned 5.58%/yr vs 9.73%/yr for LDME.L. Their correlation of 0.81 suggests significant overlap in exposure. VFEA.L charges 0.17%/yr vs 0.45%/yr for LDME.L.
Performance
VFEA.L vs. LDME.L - Performance Comparison
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Different Trading Currencies
VFEA.L is traded in USD, while LDME.L is traded in GBp. To make them comparable, the LDME.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VFEA.L achieves a 7.87% return, which is significantly lower than LDME.L's 12.39% 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%
LDME.L
- 1D
- 0.01%
- 1M
- -0.38%
- 6M
- 5.07%
- YTD
- 12.39%
- 1Y
- 20.31%
- 3Y*
- 16.46%
- 5Y*
- 9.73%
- 10Y*
- —
- ALL TIME*
- 156.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $97.39K | $90.64K | $76.35K | |
| $1.71M | $1.76M | $2.44M |
VFEA.L vs. LDME.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VFEA.L Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating | 7.87% | 25.75% | 12.39% | 7.29% | -17.29% | -5.15% |
LDME.L L&G Emerging Markets Quality Dividends Equal Weight UCITS ETF USD (Dist) | 12.39% | 25.33% | 9.47% | 16.47% | -12.78% | 7,213.16% |
Correlation
The correlation between VFEA.L and LDME.L is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021 | 0.81 |
The correlation between VFEA.L and LDME.L has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.
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Return for Risk
VFEA.L vs. LDME.L — Risk / Return Rank
VFEA.L
LDME.L
VFEA.L vs. LDME.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 L&G Emerging Markets Quality Dividends Equal Weight UCITS ETF USD (Dist) (LDME.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 | LDME.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.26 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.47 | -0.88 |
| Martin ratioReturn relative to average drawdown | 5.07 | 7.73 | -2.66 |
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Drawdowns
VFEA.L vs. LDME.L - Drawdown Comparison
The maximum VFEA.L drawdown since its inception was -36.03%, which is greater than LDME.L's maximum drawdown of -26.64%. Use the drawdown chart below to compare losses from any high point for VFEA.L and LDME.L.
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Drawdown Indicators
| VFEA.L | LDME.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.03% | -26.64% | -9.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -8.18% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -17.19% | +1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -31.33% | -26.64% | -4.69% |
Current DrawdownCurrent decline from peak | -4.81% | -3.44% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -13.11% | -6.39% | -6.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 2.62% | +0.72% |
Volatility
VFEA.L vs. LDME.L - Volatility Comparison
Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating (VFEA.L) has a higher volatility of 5.04% compared to L&G Emerging Markets Quality Dividends Equal Weight UCITS ETF USD (Dist) (LDME.L) at 4.30%. This indicates that VFEA.L's price experiences larger fluctuations and is considered to be riskier than LDME.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 | LDME.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 4.30% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 14.92% | 11.45% | +3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.30% | 13.80% | +3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.83% | 14.72% | +3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 3,199.52% | -3,179.81% |
VFEA.L vs. LDME.L - Expense Ratio Comparison
VFEA.L has a 0.17% expense ratio, which is lower than LDME.L's 0.45% expense ratio.
Dividends
VFEA.L vs. LDME.L - Dividend Comparison
VFEA.L has not paid dividends to shareholders, while LDME.L's dividend yield for the trailing twelve months is around 2.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
LDME.L L&G Emerging Markets Quality Dividends Equal Weight UCITS ETF USD (Dist) | 2.82% | 3.04% | 3.67% | 3.56% | 4.57% | 1.55% |
VFEA.L Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VFEA.L and LDME.L have a correlation of 0.80, 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 0.45% for LDME.L.
VFEA.L is categorized as Emerging Markets Equities, while LDME.L is Quality Factor. VFEA.L tracks FTSE Emerging Index, while LDME.L tracks FTSE Emerging All Cap ex CW ex TC ex REITS Dividend Growth with Quality Index. They also come from different issuers: Vanguard and L&G. Their fees differ too: 0.17% for VFEA.L and 0.45% for LDME.L.
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