XFVT.L vs. FEM.L
XFVT.L (Xtrackers Vietnam Swap UCITS ETF 1C) and FEM.L (First Trust Emerging Markets AlphaDEX UCITS ETF Acc) are both Emerging Markets Equities funds - XFVT.L tracks the STOXX Vietnam Total Market Liquid while FEM.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 10 years, XFVT.L returned 6.44%/yr vs 9.11%/yr for FEM.L. At a 0.31 correlation, their price movements are largely independent. XFVT.L charges 0.85%/yr vs 0.80%/yr for FEM.L.
Performance
XFVT.L vs. FEM.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 FEM.L's 16.85% return. Over the past 10 years, XFVT.L has underperformed FEM.L with an annualized return of 6.44%, while FEM.L has yielded a comparatively higher 9.11% 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%
FEM.L
- 1D
- -1.07%
- 1M
- -2.11%
- YTD
- 16.85%
- 6M
- 16.99%
- 1Y
- 36.24%
- 3Y*
- 16.81%
- 5Y*
- 7.60%
- 10Y*
- 9.11%
XFVT.L vs. FEM.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% |
FEM.L First Trust Emerging Markets AlphaDEX UCITS ETF Acc | 16.85% | 18.46% | 5.12% | 4.21% | -3.80% | 8.72% | -3.95% | 15.10% | -11.29% | 27.59% |
Correlation
The correlation between XFVT.L and FEM.L is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2013 | 0.31 |
Over the past year, the correlation between XFVT.L and FEM.L has dropped to 0.10 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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Return for Risk
XFVT.L vs. FEM.L — Risk / Return Rank
XFVT.L
FEM.L
XFVT.L vs. FEM.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 First Trust Emerging Markets AlphaDEX UCITS ETF Acc (FEM.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 | FEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.40 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 5.19 | -1.94 |
| Martin ratioReturn relative to average drawdown | 8.84 | 15.60 | -6.76 |
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Drawdowns
XFVT.L vs. FEM.L - Drawdown Comparison
The maximum XFVT.L drawdown since its inception was -87.46%, which is greater than FEM.L's maximum drawdown of -54.05%. Use the drawdown chart below to compare losses from any high point for XFVT.L and FEM.L.
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Drawdown Indicators
| XFVT.L | FEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.46% | -54.05% | -33.41% |
Max Drawdown (1Y)Largest decline over 1 year | -17.42% | -6.96% | -10.46% |
Max Drawdown (3Y)Largest decline over 3 years | -36.89% | -17.83% | -19.06% |
Max Drawdown (5Y)Largest decline over 5 years | -51.80% | -17.83% | -33.97% |
Max Drawdown (10Y)Largest decline over 10 years | -51.80% | -35.42% | -16.38% |
Current DrawdownCurrent decline from peak | -63.84% | -4.28% | -59.56% |
Average DrawdownAverage peak-to-trough decline | -74.09% | -17.79% | -56.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.41% | 2.32% | +4.09% |
Volatility
XFVT.L vs. FEM.L - Volatility Comparison
Xtrackers Vietnam Swap UCITS ETF 1C (XFVT.L) has a higher volatility of 7.23% compared to First Trust Emerging Markets AlphaDEX UCITS ETF Acc (FEM.L) at 6.04%. This indicates that XFVT.L's price experiences larger fluctuations and is considered to be riskier than FEM.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 | FEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.23% | 6.04% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 19.63% | 13.01% | +6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.92% | 16.13% | +11.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.01% | 16.13% | +12.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 18.66% | +7.22% |
XFVT.L vs. FEM.L - Expense Ratio Comparison
XFVT.L has a 0.85% expense ratio, which is higher than FEM.L's 0.80% expense ratio.
Dividends
XFVT.L vs. FEM.L - Dividend Comparison
Neither XFVT.L nor FEM.L has paid dividends to shareholders.
Frequently Asked Questions
XFVT.L and FEM.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FEM.L is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FEM.L is cheaper with a 0.80% expense ratio, compared with 0.85% for XFVT.L.
XFVT.L tracks STOXX Vietnam Total Market Liquid, while FEM.L tracks MSCI EM NR USD. They also come from different issuers: Xtrackers and First Trust. Their fees differ too: 0.85% for XFVT.L and 0.80% for FEM.L.
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