VFEM.DE vs. VGWD.DE
VFEM.DE (Vanguard FTSE Emerging Markets UCITS ETF Distributing) and VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - VFEM.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while VGWD.DE is a Global Equities fund tracking the FTSE All-World High Dividend Yield index. Both are passively managed. Over the past 5 years, VFEM.DE returned 6.01%/yr vs 11.49%/yr for VGWD.DE. A 0.67 correlation means they provide meaningful diversification when combined. VFEM.DE charges 0.22%/yr vs 0.29%/yr for VGWD.DE.
Performance
VFEM.DE vs. VGWD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with VFEM.DE having a 12.66% return and VGWD.DE slightly lower at 12.49%.
VFEM.DE
- 1D
- -0.53%
- 1M
- 2.23%
- YTD
- 12.66%
- 6M
- 13.06%
- 1Y
- 26.52%
- 3Y*
- 15.05%
- 5Y*
- 6.01%
- 10Y*
- —
VGWD.DE
- 1D
- 0.19%
- 1M
- 3.35%
- YTD
- 12.49%
- 6M
- 14.15%
- 1Y
- 25.00%
- 3Y*
- 15.87%
- 5Y*
- 11.49%
- 10Y*
- —
VFEM.DE vs. VGWD.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% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 12.49% | 13.16% | 15.75% | 7.29% | 0.08% | 27.90% | -9.60% | 25.03% | -8.03% | 1.24% |
Correlation
The correlation between VFEM.DE and VGWD.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.67 |
The correlation between VFEM.DE and VGWD.DE has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.
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Return for Risk
VFEM.DE vs. VGWD.DE — Risk / Return Rank
VFEM.DE
VGWD.DE
VFEM.DE vs. VGWD.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 FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.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 | VGWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.50 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 4.28 | -1.17 |
| Martin ratioReturn relative to average drawdown | 10.36 | 16.37 | -6.00 |
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 | VGWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 2.70 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.99 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.64 | -0.28 |
Drawdowns
VFEM.DE vs. VGWD.DE - Drawdown Comparison
The maximum VFEM.DE drawdown since its inception was -31.59%, smaller than the maximum VGWD.DE drawdown of -34.57%. Use the drawdown chart below to compare losses from any high point for VFEM.DE and VGWD.DE.
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Drawdown Indicators
| VFEM.DE | VGWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.59% | -34.57% | +2.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.49% | -5.82% | -2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -18.56% | -16.86% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -16.86% | -3.25% |
Current DrawdownCurrent decline from peak | -1.73% | -0.32% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -4.05% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 1.52% | +1.03% |
Volatility
VFEM.DE vs. VGWD.DE - Volatility Comparison
Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.DE) has a higher volatility of 5.44% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) at 2.33%. This indicates that VFEM.DE's price experiences larger fluctuations and is considered to be riskier than VGWD.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 | VGWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 2.33% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 6.95% | +4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.69% | 9.21% | +5.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 11.52% | +4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 14.23% | +3.97% |
VFEM.DE vs. VGWD.DE - Expense Ratio Comparison
VFEM.DE has a 0.22% expense ratio, which is lower than VGWD.DE's 0.29% expense ratio.
Dividends
VFEM.DE vs. VGWD.DE - Dividend Comparison
VFEM.DE's dividend yield for the trailing twelve months is around 2.04%, less than VGWD.DE's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.49% | 2.84% | 3.05% | 3.39% | 3.78% | 3.03% | 3.08% | 3.21% | 3.70% | 0.58% |
Frequently Asked Questions
VFEM.DE and VGWD.DE have a correlation of 0.60, 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 0.29% for VGWD.DE.
VFEM.DE is categorized as Emerging Markets Equities, while VGWD.DE is Global Equities. VFEM.DE tracks MSCI EM NR USD, while VGWD.DE tracks FTSE All-World High Dividend Yield index. Their fees differ too: 0.22% for VFEM.DE and 0.29% for VGWD.DE.
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