VFEM.L vs. UBTS.L
VFEM.L (Vanguard FTSE Emerging Markets UCITS ETF Distributing) and UBTS.L (UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis) are both exchange-traded funds - VFEM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while UBTS.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 5 years, VFEM.L returned 5.97%/yr vs 3.21%/yr for UBTS.L. At a 0.09 correlation, their price movements are largely independent. VFEM.L charges 0.22%/yr vs 0.15%/yr for UBTS.L.
Performance
VFEM.L vs. UBTS.L - Performance Comparison
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Different Trading Currencies
VFEM.L is traded in GBP, while UBTS.L is traded in GBp. To make them comparable, the UBTS.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VFEM.L achieves a 10.41% return, which is significantly higher than UBTS.L's 1.63% return.
VFEM.L
- 1D
- 1.96%
- 1M
- -0.58%
- YTD
- 10.41%
- 6M
- 11.41%
- 1Y
- 27.25%
- 3Y*
- 14.24%
- 5Y*
- 5.97%
- 10Y*
- 9.54%
UBTS.L
- 1D
- -0.54%
- 1M
- -0.11%
- YTD
- 1.63%
- 6M
- 1.00%
- 1Y
- 6.12%
- 3Y*
- 2.62%
- 5Y*
- 3.21%
- 10Y*
- —
VFEM.L vs. UBTS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFEM.L Vanguard FTSE Emerging Markets UCITS ETF Distributing | 10.41% | 16.90% | 14.50% | 1.36% | -7.39% | 0.09% | 11.19% | 15.14% | -7.60% | 19.93% |
UBTS.L UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis | 1.63% | -0.11% | 4.94% | -1.60% | 3.40% | 6.97% | 4.62% | 3.52% | 5.25% | -7.29% |
Correlation
The correlation between VFEM.L and UBTS.L is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2016 | 0.09 |
The correlation between VFEM.L and UBTS.L shifts across timeframes, from -0.12 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VFEM.L vs. UBTS.L — Risk / Return Rank
VFEM.L
UBTS.L
VFEM.L vs. UBTS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.L) and UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis (UBTS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VFEM.L | UBTS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.16 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 1.18 | +1.70 |
| Martin ratioReturn relative to average drawdown | 9.32 | 3.14 | +6.19 |
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Drawdowns
VFEM.L vs. UBTS.L - Drawdown Comparison
The maximum VFEM.L drawdown since its inception was -32.13%, which is greater than UBTS.L's maximum drawdown of -30.43%. Use the drawdown chart below to compare losses from any high point for VFEM.L and UBTS.L.
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Drawdown Indicators
| VFEM.L | UBTS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.13% | -30.43% | -1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -4.97% | -3.95% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -7.52% | -7.16% |
Max Drawdown (5Y)Largest decline over 5 years | -19.58% | -16.00% | -3.58% |
Max Drawdown (10Y)Largest decline over 10 years | -25.90% | — | — |
Current DrawdownCurrent decline from peak | -2.67% | -5.92% | +3.25% |
Average DrawdownAverage peak-to-trough decline | -8.58% | -14.03% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 1.88% | +0.88% |
Volatility
VFEM.L vs. UBTS.L - Volatility Comparison
Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.L) has a higher volatility of 5.13% compared to UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis (UBTS.L) at 1.63%. This indicates that VFEM.L's price experiences larger fluctuations and is considered to be riskier than UBTS.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.L | UBTS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 1.63% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 4.57% | +6.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.09% | 6.31% | +7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 8.16% | +7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 10.65% | +6.84% |
VFEM.L vs. UBTS.L - Expense Ratio Comparison
VFEM.L has a 0.22% expense ratio, which is higher than UBTS.L's 0.15% 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.L vs. UBTS.L - Dividend Comparison
VFEM.L's dividend yield for the trailing twelve months is around 2.06%, less than UBTS.L's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UBTS.L UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis | 4.02% | 3.26% | 4.41% | 4.56% | 6.66% | 2.83% | 0.84% | 2.30% | 2.38% | 1.27% | 0.00% | 0.00% |
VFEM.L Vanguard FTSE Emerging Markets UCITS ETF Distributing | 2.06% | 2.36% | 2.31% | 2.63% | 3.28% | 2.26% | 1.94% | 2.43% | 2.73% | 2.22% | 2.22% | 2.82% |
Frequently Asked Questions
VFEM.L and UBTS.L have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UBTS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UBTS.L is cheaper with a 0.15% expense ratio, compared with 0.22% for VFEM.L.
VFEM.L is categorized as Emerging Markets Equities, while UBTS.L is Inflation-Protected Bonds. VFEM.L tracks MSCI EM NR USD, while UBTS.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: Vanguard and UBS. Their fees differ too: 0.22% for VFEM.L and 0.15% for UBTS.L.
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