VFEM.DE vs. AASG.L
VFEM.DE (Vanguard FTSE Emerging Markets UCITS ETF Distributing) and AASG.L (Amundi MSCI Emerging Markets Asia UCITS ETF USD) are both exchange-traded funds - VFEM.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while AASG.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Ex Japan NR USD. Both are passively managed. Over the past 5 years, VFEM.DE returned 6.01%/yr vs 8.84%/yr for AASG.L. Their correlation of 0.90 suggests significant overlap in exposure. VFEM.DE charges 0.22%/yr vs 0.20%/yr for AASG.L.
Performance
VFEM.DE vs. AASG.L - Performance Comparison
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Different Trading Currencies
VFEM.DE is traded in EUR, while AASG.L is traded in GBp. To make them comparable, the AASG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VFEM.DE achieves a 12.66% return, which is significantly lower than AASG.L's 31.65% return.
VFEM.DE
- 1D
- -0.53%
- 1M
- 2.23%
- YTD
- 12.66%
- 6M
- 13.06%
- 1Y
- 26.52%
- 3Y*
- 15.05%
- 5Y*
- 6.01%
- 10Y*
- —
AASG.L
- 1D
- -1.90%
- 1M
- 7.80%
- YTD
- 31.65%
- 6M
- 34.35%
- 1Y
- 55.12%
- 3Y*
- 22.77%
- 5Y*
- 8.84%
- 10Y*
- 11.05%
VFEM.DE vs. AASG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFEM.DE Vanguard FTSE Emerging Markets UCITS ETF Distributing | 12.66% | 11.40% | 19.82% | 3.29% | -11.02% | 6.34% | 3.56% | 23.57% | -9.32% | 1.86% |
AASG.L Amundi MSCI Emerging Markets Asia UCITS ETF USD | 31.65% | 17.37% | 19.54% | 2.83% | -16.07% | 1.71% | 17.30% | 21.56% | -12.09% | 1.52% |
Correlation
The correlation between VFEM.DE and AASG.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.90 |
The correlation between VFEM.DE and AASG.L has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.
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Return for Risk
VFEM.DE vs. AASG.L — Risk / Return Rank
VFEM.DE
AASG.L
VFEM.DE vs. AASG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.DE) and Amundi MSCI Emerging Markets Asia UCITS ETF USD (AASG.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.
| VFEM.DE | AASG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.50 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 4.65 | -1.54 |
| Martin ratioReturn relative to average drawdown | 10.36 | 16.81 | -6.45 |
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
| VFEM.DE | AASG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 2.87 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.48 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.61 | -0.25 |
Drawdowns
VFEM.DE vs. AASG.L - Drawdown Comparison
The maximum VFEM.DE drawdown since its inception was -31.59%, smaller than the maximum AASG.L drawdown of -33.32%. Use the drawdown chart below to compare losses from any high point for VFEM.DE and AASG.L.
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Drawdown Indicators
| VFEM.DE | AASG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.59% | -33.32% | +1.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.49% | -11.79% | +3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -18.56% | -19.21% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -28.81% | +8.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.32% | — |
Current DrawdownCurrent decline from peak | -1.73% | -2.91% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -10.27% | +2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 3.27% | -0.72% |
Volatility
VFEM.DE vs. AASG.L - Volatility Comparison
The current volatility for Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.DE) is 5.44%, while Amundi MSCI Emerging Markets Asia UCITS ETF USD (AASG.L) has a volatility of 8.39%. This indicates that VFEM.DE experiences smaller price fluctuations and is considered to be less risky than AASG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFEM.DE | AASG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 8.39% | -2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 15.94% | -4.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.69% | 19.13% | -4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 18.23% | -2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 18.92% | -0.72% |
VFEM.DE vs. AASG.L - Expense Ratio Comparison
VFEM.DE has a 0.22% expense ratio, which is higher than AASG.L'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
VFEM.DE vs. AASG.L - Dividend Comparison
VFEM.DE's dividend yield for the trailing twelve months is around 2.04%, while AASG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AASG.L Amundi MSCI Emerging Markets Asia UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VFEM.DE Vanguard FTSE Emerging Markets UCITS ETF Distributing | 2.04% | 2.39% | 2.28% | 2.66% | 3.38% | 2.26% | 1.93% | 2.32% | 2.79% | 0.20% |
Frequently Asked Questions
VFEM.DE and AASG.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AASG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AASG.L is cheaper with a 0.20% expense ratio, compared with 0.22% for VFEM.DE.
VFEM.DE is categorized as Emerging Markets Equities, while AASG.L is Asia Pacific Equities. VFEM.DE tracks MSCI EM NR USD, while AASG.L tracks MSCI AC Asia Ex Japan NR USD. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.22% for VFEM.DE and 0.20% for AASG.L.
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