VFEM.DE vs. VNQ
VFEM.DE (Vanguard FTSE Emerging Markets UCITS ETF Distributing) and VNQ (Vanguard Real Estate ETF) are both exchange-traded funds - VFEM.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while VNQ is a REIT fund tracking the MSCI US Investable Market Real Estate 25/50 Index. Both are passively managed. Over the past 5 years, VFEM.DE returned 6.01%/yr vs 3.50%/yr for VNQ. At a 0.21 correlation, their price movements are largely independent. VFEM.DE charges 0.22%/yr vs 0.13%/yr for VNQ.
Performance
VFEM.DE vs. VNQ - Performance Comparison
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Different Trading Currencies
VFEM.DE is traded in EUR, while VNQ is traded in USD. To make them comparable, the VNQ 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 higher than VNQ's 11.01% 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*
- —
VNQ
- 1D
- 1.65%
- 1M
- 1.02%
- YTD
- 11.01%
- 6M
- 9.22%
- 1Y
- 9.76%
- 3Y*
- 7.13%
- 5Y*
- 3.50%
- 10Y*
- 5.24%
VFEM.DE vs. VNQ - 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% |
VNQ Vanguard Real Estate ETF | 11.01% | -9.01% | 11.73% | 8.50% | -21.68% | 51.05% | -12.47% | 31.82% | -1.62% | -0.12% |
Correlation
The correlation between VFEM.DE and VNQ is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.21 |
The correlation between VFEM.DE and VNQ shifts across timeframes, from 0.09 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VFEM.DE vs. VNQ — Risk / Return Rank
VFEM.DE
VNQ
VFEM.DE vs. VNQ - 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 Real Estate ETF (VNQ). 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 | VNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.14 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 1.40 | +1.71 |
| Martin ratioReturn relative to average drawdown | 10.36 | 3.57 | +6.80 |
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 | VNQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 0.76 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.19 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.24 | +0.12 |
Drawdowns
VFEM.DE vs. VNQ - Drawdown Comparison
The maximum VFEM.DE drawdown since its inception was -31.59%, smaller than the maximum VNQ drawdown of -66.71%. Use the drawdown chart below to compare losses from any high point for VFEM.DE and VNQ.
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Drawdown Indicators
| VFEM.DE | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.59% | -66.71% | +35.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.49% | -7.01% | -1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -18.56% | -20.46% | +1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -31.09% | +10.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.98% | — |
Current DrawdownCurrent decline from peak | -1.73% | -6.20% | +4.47% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -13.79% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.74% | -0.19% |
Volatility
VFEM.DE vs. VNQ - Volatility Comparison
Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.DE) has a higher volatility of 5.44% compared to Vanguard Real Estate ETF (VNQ) at 3.58%. This indicates that VFEM.DE's price experiences larger fluctuations and is considered to be riskier than VNQ 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 | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 3.58% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 9.35% | +2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.69% | 12.96% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 18.12% | -2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 20.88% | -2.68% |
VFEM.DE vs. VNQ - Expense Ratio Comparison
VFEM.DE has a 0.22% expense ratio, which is higher than VNQ's 0.13% 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. VNQ - Dividend Comparison
VFEM.DE's dividend yield for the trailing twelve months is around 2.04%, less than VNQ's 3.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VNQ Vanguard Real Estate ETF | 3.63% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
Frequently Asked Questions
VFEM.DE and VNQ have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VNQ is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VNQ is cheaper with a 0.13% expense ratio, compared with 0.22% for VFEM.DE.
VFEM.DE is categorized as Emerging Markets Equities, while VNQ is REIT. VFEM.DE tracks MSCI EM NR USD, while VNQ tracks MSCI US Investable Market Real Estate 25/50 Index. Their fees differ too: 0.22% for VFEM.DE and 0.13% for VNQ.
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