VFEM.DE vs. VAGF.DE
VFEM.DE (Vanguard FTSE Emerging Markets UCITS ETF Distributing) and VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - VFEM.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while VAGF.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Both are passively managed. Over the past 5 years, VFEM.DE returned 6.01%/yr vs -1.66%/yr for VAGF.DE. At a correlation of -0.01, they often move in opposite directions. VFEM.DE charges 0.22%/yr vs 0.10%/yr for VAGF.DE.
Performance
VFEM.DE vs. VAGF.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VFEM.DE achieves a 12.66% return, which is significantly higher than VAGF.DE's -0.68% 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*
- —
VAGF.DE
- 1D
- 0.09%
- 1M
- 0.25%
- YTD
- -0.68%
- 6M
- -0.51%
- 1Y
- 1.20%
- 3Y*
- 2.04%
- 5Y*
- -1.66%
- 10Y*
- —
VFEM.DE vs. VAGF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VFEM.DE Vanguard FTSE Emerging Markets UCITS ETF Distributing | 12.66% | 11.40% | 19.82% | 3.29% | -11.02% | 6.34% | 3.56% | 9.37% |
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.68% | 3.23% | 0.82% | 4.53% | -14.84% | -2.97% | 5.07% | 0.73% |
Correlation
The correlation between VFEM.DE and VAGF.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | -0.01 |
The correlation between VFEM.DE and VAGF.DE shifts across timeframes, from -0.01 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VFEM.DE vs. VAGF.DE — Risk / Return Rank
VFEM.DE
VAGF.DE
VFEM.DE vs. VAGF.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 Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.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 | VAGF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.06 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 0.38 | +2.73 |
| Martin ratioReturn relative to average drawdown | 10.36 | 1.06 | +9.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VFEM.DE | VAGF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 0.33 | +1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | -0.33 | +0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | -0.17 | +0.53 |
Drawdowns
VFEM.DE vs. VAGF.DE - Drawdown Comparison
The maximum VFEM.DE drawdown since its inception was -31.59%, which is greater than VAGF.DE's maximum drawdown of -19.57%. Use the drawdown chart below to compare losses from any high point for VFEM.DE and VAGF.DE.
Loading charts...
Drawdown Indicators
| VFEM.DE | VAGF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.59% | -19.57% | -12.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.49% | -3.11% | -5.38% |
Max Drawdown (3Y)Largest decline over 3 years | -18.56% | -4.45% | -14.11% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -18.79% | -1.32% |
Current DrawdownCurrent decline from peak | -1.73% | -10.73% | +9.00% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -8.99% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 1.13% | +1.42% |
Volatility
VFEM.DE vs. VAGF.DE - Volatility Comparison
Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.DE) has a higher volatility of 5.44% compared to Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) at 1.55%. This indicates that VFEM.DE's price experiences larger fluctuations and is considered to be riskier than VAGF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VFEM.DE | VAGF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 1.55% | +3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 2.98% | +8.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.69% | 3.63% | +11.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 4.90% | +11.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 4.71% | +13.49% |
VFEM.DE vs. VAGF.DE - Expense Ratio Comparison
VFEM.DE has a 0.22% expense ratio, which is higher than VAGF.DE'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
VFEM.DE vs. VAGF.DE - Dividend Comparison
VFEM.DE's dividend yield for the trailing twelve months is around 2.04%, while VAGF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | 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 VAGF.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGF.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGF.DE is cheaper with a 0.10% expense ratio, compared with 0.22% for VFEM.DE.
VFEM.DE is categorized as Emerging Markets Equities, while VAGF.DE is Global Bonds. VFEM.DE tracks MSCI EM NR USD, while VAGF.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Their fees differ too: 0.22% for VFEM.DE and 0.10% for VAGF.DE.
Find the right allocation for VFEM.DE and VAGF.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer