VHVG.L vs. EMRGX

Last updated Jun 5, 2026

VHVG.L (Vanguard FTSE Developed World UCITS ETF Acc) and EMRGX (Emerging Markets Growth Fund, Inc.) are both funds - VHVG.L is a Global Equities fund tracking the MSCI ACWI NR USD, while EMRGX is a Emerging Markets Diversified fund managed by T. Rowe Price. Over the past 5 years, VHVG.L returned 13.30%/yr vs 4.76%/yr for EMRGX. At a 0.47 correlation, their price movements are largely independent. VHVG.L charges 0.12%/yr vs 0.76%/yr for EMRGX.

Performance

VHVG.L vs. EMRGX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE Developed World UCITS ETF Acc (VHVG.L) and Emerging Markets Growth Fund, Inc. (EMRGX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VHVG.L is traded in GBP, while EMRGX is traded in USD. To make them comparable, the EMRGX values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VHVG.L achieves a 11.81% return, which is significantly lower than EMRGX's 22.84% return.

VHVG.L

• 1D: -0.07%
• 1M: 5.52%
• YTD: 11.81%
• 6M: 12.27%
• 1Y: 29.87%
• 3Y*: 18.37%
• 5Y*: 13.30%
• 10Y*: —

EMRGX

• 1D: -0.41%
• 1M: 7.79%
• YTD: 22.84%
• 6M: 22.62%
• 1Y: 43.61%
• 3Y*: 15.41%
• 5Y*: 4.76%
• 10Y*: 10.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VHVG.L vs. EMRGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VHVG.L Vanguard FTSE Developed World UCITS ETF Acc	11.81%	13.85%	19.99%	17.54%	-8.66%	23.31%	12.56%	1.61%
EMRGX Emerging Markets Growth Fund, Inc.	22.84%	22.18%	2.82%	2.69%	-15.73%	0.21%	17.99%	4.45%

Correlation

The correlation between VHVG.L and EMRGX is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.47

The correlation between VHVG.L and EMRGX has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.

Return for Risk

VHVG.L vs. EMRGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VHVG.L

VHVG.L Risk / Return Rank: 86
VHVG.L Sharpe Ratio Rank: 88
VHVG.L Sortino Ratio Rank: 88
VHVG.L Omega Ratio Rank: 88
VHVG.L Calmar Ratio Rank: 82
VHVG.L Martin Ratio Rank: 85

EMRGX

EMRGX Risk / Return Rank: 76
EMRGX Sharpe Ratio Rank: 86
EMRGX Sortino Ratio Rank: 79
EMRGX Omega Ratio Rank: 78
EMRGX Calmar Ratio Rank: 72
EMRGX Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VHVG.L vs. EMRGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF Acc (VHVG.L) and Emerging Markets Growth Fund, Inc. (EMRGX). 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.

	VHVG.L	EMRGX	Difference
Sharpe ratio: Return per unit of total volatility	2.90	3.09	-0.19
Sortino ratio: Return per unit of downside risk	3.99	4.04	-0.05
Omega ratio: Gain probability vs. loss probability	1.55	1.58	-0.03
Calmar ratio: Return relative to maximum drawdown	4.29	4.06	+0.22
Martin ratio: Return relative to average drawdown	17.65	14.65	+2.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VHVG.L vs. EMRGX - Sharpe Ratio Comparison

The current VHVG.L Sharpe Ratio is 2.90, which is comparable to the EMRGX Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of VHVG.L and EMRGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VHVG.L	EMRGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.90	3.09	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.03	0.30	+0.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.42	+0.47

Drawdowns

VHVG.L vs. EMRGX - Drawdown Comparison

The maximum VHVG.L drawdown since its inception was -25.41%, smaller than the maximum EMRGX drawdown of -34.48%. Use the drawdown chart below to compare losses from any high point for VHVG.L and EMRGX.

Drawdown Indicators

	VHVG.L	EMRGX	Difference
Max Drawdown Largest peak-to-trough decline	-25.41%	-34.48%	+9.07%
Max Drawdown (1Y) Largest decline over 1 year	-6.94%	-11.03%	+4.09%
Max Drawdown (3Y) Largest decline over 3 years	-17.96%	-14.79%	-3.17%
Max Drawdown (5Y) Largest decline over 5 years	-17.96%	-29.11%	+11.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.28%	—
Current Drawdown Current decline from peak	-0.36%	-0.41%	+0.05%
Average Drawdown Average peak-to-trough decline	-3.28%	-11.55%	+8.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	3.05%	-1.36%

Volatility

VHVG.L vs. EMRGX - Volatility Comparison

The current volatility for Vanguard FTSE Developed World UCITS ETF Acc (VHVG.L) is 2.72%, while Emerging Markets Growth Fund, Inc. (EMRGX) has a volatility of 5.41%. This indicates that VHVG.L experiences smaller price fluctuations and is considered to be less risky than EMRGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHVG.L	EMRGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	5.41%	-2.69%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	11.89%	-4.36%
Volatility (1Y) Calculated over the trailing 1-year period	10.27%	14.53%	-4.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.97%	15.91%	-2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.06%	17.26%	-2.20%

VHVG.L vs. EMRGX - Expense Ratio Comparison

VHVG.L has a 0.12% expense ratio, which is lower than EMRGX's 0.76% expense ratio.

Dividends

VHVG.L vs. EMRGX - Dividend Comparison

VHVG.L has not paid dividends to shareholders, while EMRGX's dividend yield for the trailing twelve months is around 3.24%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMRGX Emerging Markets Growth Fund, Inc.	3.24%	3.96%	0.00%	1.51%	1.34%	11.22%	6.63%	5.89%	2.21%	1.11%
VHVG.L Vanguard FTSE Developed World UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VHVG.L and EMRGX in my portfolio?

VHVG.L and EMRGX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.