VFEM.DE vs. SPYV.DE
VFEM.DE (Vanguard FTSE Emerging Markets UCITS ETF Distributing) and SPYV.DE (SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)) are both Emerging Markets Equities funds - VFEM.DE tracks the MSCI EM NR USD while SPYV.DE tracks the S&P Emerging Markets High Yield Dividend Aristocrats. Both are passively managed. Over the past 5 years, VFEM.DE returned 6.01%/yr vs 6.00%/yr for SPYV.DE. Their correlation of 0.81 suggests significant overlap in exposure. VFEM.DE charges 0.22%/yr vs 0.55%/yr for SPYV.DE.
Performance
VFEM.DE vs. SPYV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VFEM.DE achieves a 12.66% return, which is significantly higher than SPYV.DE's 5.71% 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*
- —
SPYV.DE
- 1D
- -0.23%
- 1M
- -1.55%
- YTD
- 5.71%
- 6M
- 4.21%
- 1Y
- 10.75%
- 3Y*
- 9.94%
- 5Y*
- 6.00%
- 10Y*
- 6.23%
VFEM.DE vs. SPYV.DE - 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% |
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 5.71% | 6.33% | 21.05% | 1.39% | -2.70% | 6.51% | -11.03% | 15.10% | -2.00% | 6.62% |
Correlation
The correlation between VFEM.DE and SPYV.DE is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.81 |
The correlation between VFEM.DE and SPYV.DE has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.
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Return for Risk
VFEM.DE vs. SPYV.DE — Risk / Return Rank
VFEM.DE
SPYV.DE
VFEM.DE vs. SPYV.DE - 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 SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE). 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 | SPYV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.16 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 1.31 | +1.80 |
| Martin ratioReturn relative to average drawdown | 10.36 | 3.29 | +7.08 |
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 | SPYV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 0.92 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.40 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.18 | +0.19 |
Drawdowns
VFEM.DE vs. SPYV.DE - Drawdown Comparison
The maximum VFEM.DE drawdown since its inception was -31.59%, smaller than the maximum SPYV.DE drawdown of -43.79%. Use the drawdown chart below to compare losses from any high point for VFEM.DE and SPYV.DE.
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Drawdown Indicators
| VFEM.DE | SPYV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.59% | -43.79% | +12.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.49% | -8.15% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -18.56% | -16.93% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -17.58% | -2.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.19% | — |
Current DrawdownCurrent decline from peak | -1.73% | -5.09% | +3.36% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -12.48% | +4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 3.26% | -0.71% |
Volatility
VFEM.DE vs. SPYV.DE - Volatility Comparison
Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.DE) has a higher volatility of 5.44% compared to SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE) at 3.51%. This indicates that VFEM.DE's price experiences larger fluctuations and is considered to be riskier than SPYV.DE 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 | SPYV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 3.51% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 8.37% | +3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.69% | 11.72% | +2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 15.03% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 17.36% | +0.84% |
VFEM.DE vs. SPYV.DE - Expense Ratio Comparison
VFEM.DE has a 0.22% expense ratio, which is lower than SPYV.DE's 0.55% expense ratio.
Dividends
VFEM.DE vs. SPYV.DE - Dividend Comparison
VFEM.DE's dividend yield for the trailing twelve months is around 2.04%, less than SPYV.DE's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 3.83% | 3.96% | 4.01% | 4.96% | 4.71% | 3.21% | 3.29% | 3.59% | 3.58% | 2.96% | 4.34% | 5.98% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
VFEM.DE and SPYV.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VFEM.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VFEM.DE is cheaper with a 0.22% expense ratio, compared with 0.55% for SPYV.DE.
VFEM.DE tracks MSCI EM NR USD, while SPYV.DE tracks S&P Emerging Markets High Yield Dividend Aristocrats. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.22% for VFEM.DE and 0.55% for SPYV.DE.
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