XFVT.L vs. EMV.L
XFVT.L (Xtrackers Vietnam Swap UCITS ETF 1C) and EMV.L (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds - XFVT.L tracks the STOXX Vietnam Total Market Liquid while EMV.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 10 years, XFVT.L returned 6.44%/yr vs 6.86%/yr for EMV.L. At a 0.37 correlation, their price movements are largely independent. XFVT.L charges 0.85%/yr vs 0.40%/yr for EMV.L.
Performance
XFVT.L vs. EMV.L - Performance Comparison
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Returns By Period
In the year-to-date period, XFVT.L achieves a 5.81% return, which is significantly lower than EMV.L's 20.08% return. Over the past 10 years, XFVT.L has underperformed EMV.L with an annualized return of 6.44%, while EMV.L has yielded a comparatively higher 6.86% annualized return.
XFVT.L
- 1D
- 2.80%
- 1M
- 3.84%
- YTD
- 5.81%
- 6M
- 5.40%
- 1Y
- 55.07%
- 3Y*
- 12.82%
- 5Y*
- 0.52%
- 10Y*
- 6.44%
EMV.L
- 1D
- -0.56%
- 1M
- 1.26%
- YTD
- 20.08%
- 6M
- 20.48%
- 1Y
- 27.11%
- 3Y*
- 12.87%
- 5Y*
- 6.74%
- 10Y*
- 6.86%
XFVT.L vs. EMV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XFVT.L Xtrackers Vietnam Swap UCITS ETF 1C | 5.81% | 57.38% | -8.97% | -0.07% | -37.94% | 33.66% | 13.67% | 0.55% | -6.19% | 36.66% |
EMV.L iShares Edge MSCI EM Minimum Volatility UCITS ETF | 20.08% | 5.04% | 10.84% | 1.45% | -4.20% | 5.93% | 4.08% | 3.48% | -0.20% | 15.47% |
Correlation
The correlation between XFVT.L and EMV.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.37 |
The correlation between XFVT.L and EMV.L shifts across timeframes, from 0.27 (3 years) to 0.38 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
XFVT.L vs. EMV.L — Risk / Return Rank
XFVT.L
EMV.L
XFVT.L vs. EMV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Vietnam Swap UCITS ETF 1C (XFVT.L) and iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.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.
| XFVT.L | EMV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.43 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 3.46 | -0.21 |
| Martin ratioReturn relative to average drawdown | 8.84 | 11.45 | -2.61 |
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Drawdowns
XFVT.L vs. EMV.L - Drawdown Comparison
The maximum XFVT.L drawdown since its inception was -87.46%, which is greater than EMV.L's maximum drawdown of -44.99%. Use the drawdown chart below to compare losses from any high point for XFVT.L and EMV.L.
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Drawdown Indicators
| XFVT.L | EMV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.46% | -44.99% | -42.47% |
Max Drawdown (1Y)Largest decline over 1 year | -17.42% | -7.93% | -9.49% |
Max Drawdown (3Y)Largest decline over 3 years | -36.89% | -21.33% | -15.56% |
Max Drawdown (5Y)Largest decline over 5 years | -51.80% | -21.33% | -30.47% |
Max Drawdown (10Y)Largest decline over 10 years | -51.80% | -22.59% | -29.21% |
Current DrawdownCurrent decline from peak | -63.84% | -2.88% | -60.96% |
Average DrawdownAverage peak-to-trough decline | -74.09% | -16.50% | -57.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.41% | 2.40% | +4.01% |
Volatility
XFVT.L vs. EMV.L - Volatility Comparison
Xtrackers Vietnam Swap UCITS ETF 1C (XFVT.L) has a higher volatility of 7.23% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.L) at 5.83%. This indicates that XFVT.L's price experiences larger fluctuations and is considered to be riskier than EMV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XFVT.L | EMV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.23% | 5.83% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 19.63% | 10.89% | +8.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.92% | 12.40% | +15.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.01% | 17.99% | +11.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 16.60% | +9.28% |
XFVT.L vs. EMV.L - Expense Ratio Comparison
XFVT.L has a 0.85% expense ratio, which is higher than EMV.L's 0.40% expense ratio.
Dividends
XFVT.L vs. EMV.L - Dividend Comparison
Neither XFVT.L nor EMV.L has paid dividends to shareholders.
Frequently Asked Questions
XFVT.L and EMV.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMV.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMV.L is cheaper with a 0.40% expense ratio, compared with 0.85% for XFVT.L.
XFVT.L tracks STOXX Vietnam Total Market Liquid, while EMV.L tracks MSCI EM NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.85% for XFVT.L and 0.40% for EMV.L.
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