VFEG.L vs. FLOA.L
VFEG.L (Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating) and FLOA.L (iShares USD Floating Rate Bond UCITS ETF USD (Acc)) are both exchange-traded funds - VFEG.L is a Emerging Markets Equities fund tracking the FTSE Emerging Index, while FLOA.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, VFEG.L returned 5.85%/yr vs 4.70%/yr for FLOA.L. At a 0.06 correlation, their price movements are largely independent. VFEG.L charges 0.17%/yr vs 0.10%/yr for FLOA.L.
Performance
VFEG.L vs. FLOA.L - Performance Comparison
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Different Trading Currencies
VFEG.L is traded in GBP, while FLOA.L is traded in USD. To make them comparable, the FLOA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VFEG.L achieves a 9.78% return, which is significantly higher than FLOA.L's 2.07% return.
VFEG.L
- 1D
- -0.34%
- 1M
- -2.79%
- 6M
- 5.49%
- YTD
- 9.78%
- 1Y
- 21.11%
- 3Y*
- 14.82%
- 5Y*
- 5.85%
- 10Y*
- —
FLOA.L
- 1D
- -1.04%
- 1M
- -0.58%
- 6M
- 1.55%
- YTD
- 2.07%
- 1Y
- 3.66%
- 3Y*
- 4.42%
- 5Y*
- 4.70%
- 10Y*
- —
VFEG.L vs. FLOA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VFEG.L Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating | 9.78% | 17.15% | 14.12% | 1.28% | -7.26% | -0.01% | 11.28% | -15.84% |
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 2.07% | -2.58% | 8.28% | 1.32% | 13.40% | 1.37% | -2.10% | -5.48% |
Correlation
The correlation between VFEG.L and FLOA.L is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.06 |
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Return for Risk
VFEG.L vs. FLOA.L — Risk / Return Rank
VFEG.L
FLOA.L
VFEG.L vs. FLOA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating (VFEG.L) and iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.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.
| VFEG.L | FLOA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.09 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 0.74 | +1.60 |
| Martin ratioReturn relative to average drawdown | 7.10 | 2.07 | +5.03 |
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Drawdowns
VFEG.L vs. FLOA.L - Drawdown Comparison
The maximum VFEG.L drawdown since its inception was -34.33%, which is greater than FLOA.L's maximum drawdown of -14.83%. Use the drawdown chart below to compare losses from any high point for VFEG.L and FLOA.L.
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Drawdown Indicators
| VFEG.L | FLOA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.33% | -14.83% | -19.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -4.95% | -4.04% |
Max Drawdown (3Y)Largest decline over 3 years | -22.33% | -9.63% | -12.70% |
Max Drawdown (5Y)Largest decline over 5 years | -22.33% | -14.83% | -7.50% |
Current DrawdownCurrent decline from peak | -4.74% | -3.62% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -11.74% | -5.93% | -5.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 1.77% | +1.20% |
Volatility
VFEG.L vs. FLOA.L - Volatility Comparison
Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating (VFEG.L) has a higher volatility of 4.97% compared to iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) at 2.06%. This indicates that VFEG.L's price experiences larger fluctuations and is considered to be riskier than FLOA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFEG.L | FLOA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 2.06% | +2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 12.24% | 5.20% | +7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.77% | 6.88% | +7.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 8.65% | +11.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.13% | 9.23% | +12.90% |
VFEG.L vs. FLOA.L - Expense Ratio Comparison
VFEG.L has a 0.17% expense ratio, which is higher than FLOA.L's 0.10% 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
VFEG.L vs. FLOA.L - Dividend Comparison
Neither VFEG.L nor FLOA.L has paid dividends to shareholders.
Frequently Asked Questions
VFEG.L and FLOA.L have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOA.L is cheaper with a 0.10% expense ratio, compared with 0.17% for VFEG.L.
VFEG.L is categorized as Emerging Markets Equities, while FLOA.L is Corporate Bonds. VFEG.L tracks FTSE Emerging Index, while FLOA.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.17% for VFEG.L and 0.10% for FLOA.L.
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