VWRL.L vs. VEMT.L
VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) and VEMT.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) are both exchange-traded funds - VWRL.L is a Global Equities fund tracking the FTSE All-World Index, while VEMT.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, VWRL.L returned 12.03%/yr vs 3.20%/yr for VEMT.L. At a 0.44 correlation, their price movements are largely independent. VWRL.L charges 0.19%/yr vs 0.25%/yr for VEMT.L.
Performance
VWRL.L vs. VEMT.L - Performance Comparison
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Returns By Period
In the year-to-date period, VWRL.L achieves a 10.38% return, which is significantly higher than VEMT.L's 1.51% return.
VWRL.L
- 1D
- -0.21%
- 1M
- 2.33%
- YTD
- 10.38%
- 6M
- 10.56%
- 1Y
- 27.51%
- 3Y*
- 17.75%
- 5Y*
- 12.03%
- 10Y*
- 13.37%
VEMT.L
- 1D
- 0.03%
- 1M
- 1.28%
- YTD
- 1.51%
- 6M
- 1.47%
- 1Y
- 10.34%
- 3Y*
- 6.32%
- 5Y*
- 3.20%
- 10Y*
- —
VWRL.L vs. VEMT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing | 10.38% | 13.99% | 19.60% | 15.61% | -8.44% | 20.05% | 12.13% | 22.04% | -4.71% | 13.21% |
VEMT.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 1.51% | 4.08% | 8.08% | 3.45% | -5.21% | -0.56% | 2.53% | 9.68% | 2.79% | -1.60% |
Correlation
The correlation between VWRL.L and VEMT.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2016 | 0.44 |
The correlation between VWRL.L and VEMT.L shifts across timeframes, from 0.32 (5 years) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VWRL.L vs. VEMT.L — Risk / Return Rank
VWRL.L
VEMT.L
VWRL.L vs. VEMT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) and Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VEMT.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.
| VWRL.L | VEMT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.30 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 2.38 | +1.49 |
| Martin ratioReturn relative to average drawdown | 15.69 | 6.68 | +9.00 |
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
| VWRL.L | VEMT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 1.69 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.39 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.30 | +0.63 |
Drawdowns
VWRL.L vs. VEMT.L - Drawdown Comparison
The maximum VWRL.L drawdown since its inception was -24.99%, which is greater than VEMT.L's maximum drawdown of -14.62%. Use the drawdown chart below to compare losses from any high point for VWRL.L and VEMT.L.
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Drawdown Indicators
| VWRL.L | VEMT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.99% | -14.62% | -10.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -4.33% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -17.47% | -8.60% | -8.87% |
Max Drawdown (5Y)Largest decline over 5 years | -17.47% | -11.41% | -6.06% |
Max Drawdown (10Y)Largest decline over 10 years | -24.99% | — | — |
Current DrawdownCurrent decline from peak | -1.81% | -0.54% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -5.87% | +2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.54% | +0.21% |
Volatility
VWRL.L vs. VEMT.L - Volatility Comparison
Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) has a higher volatility of 2.99% compared to Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VEMT.L) at 1.33%. This indicates that VWRL.L's price experiences larger fluctuations and is considered to be riskier than VEMT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWRL.L | VEMT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 1.33% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 7.71% | 4.43% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.43% | 6.11% | +4.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.86% | 8.13% | +4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.25% | 9.14% | +5.11% |
VWRL.L vs. VEMT.L - Expense Ratio Comparison
VWRL.L has a 0.19% expense ratio, which is lower than VEMT.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VWRL.L vs. VEMT.L - Dividend Comparison
VWRL.L's dividend yield for the trailing twelve months is around 1.26%, less than VEMT.L's 5.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEMT.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.92% | 6.17% | 5.74% | 5.56% | 4.88% | 3.81% | 4.47% | 4.46% | 4.45% | 4.81% | 0.00% | 0.00% |
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing | 1.26% | 1.39% | 1.49% | 1.72% | 2.03% | 1.45% | 1.58% | 1.95% | 2.22% | 1.90% | 1.95% | 2.00% |
Frequently Asked Questions
VWRL.L and VEMT.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWRL.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWRL.L is cheaper with a 0.19% expense ratio, compared with 0.25% for VEMT.L.
VWRL.L is categorized as Global Equities, while VEMT.L is Emerging Markets Bonds. VWRL.L tracks FTSE All-World Index, while VEMT.L tracks JPM EMBI Global Diversified TR USD. Their fees differ too: 0.19% for VWRL.L and 0.25% for VEMT.L.
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