- CUSIP
- 922020813
- Issuer
- Vanguard
- Inception Date
- Dec 6, 2017
- Category
- Emerging Markets Bonds
- Min. Investment
- $50,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
VEGBX Performance Chart
Vanguard Emerging Markets Bond Fund Admiral Shares (VEGBX) is up 3.5% since the beginning of the year. VEGBX is currently trading at $25 per share. Investors who bought $1,000 worth of VEGBX shares 5 years ago would now be looking at an investment worth $1,243.
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Returns By Period
Vanguard Emerging Markets Bond Fund Admiral Shares (VEGBX) has returned 3.48% so far this year and 13.29% over the past 12 months.
Vanguard Emerging Markets Bond Fund Admiral Shares
- 1D
- 0.12%
- 1M
- 1.93%
- YTD
- 3.48%
- 6M
- 3.73%
- 1Y
- 13.29%
- 3Y*
- 11.53%
- 5Y*
- 4.44%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VEGBX Monthly Returns History
Based on dividend-adjusted daily data since Feb 1, 2017, VEGBX's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.
Historically, 69% of months were positive and 31% were negative. The best month was Nov 2022 with a return of +8.3%, while the worst month was Mar 2020 at -11.8%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.
On a daily basis, VEGBX closed higher 53% of trading days. The best single day was Mar 25, 2020 with a return of +3.2%, while the worst single day was Mar 18, 2020 at -4.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.52% | 1.38% | -3.24% | 3.04% | 1.08% | 0.75% | 3.48% | ||||||
| 2025 | 1.61% | 1.96% | -1.04% | 0.09% | 0.80% | 2.64% | 0.90% | 1.60% | 1.61% | 2.22% | 0.56% | 0.67% | 14.46% |
| 2024 | -0.53% | 0.93% | 2.05% | -2.02% | 1.70% | 0.58% | 2.09% | 2.04% | 1.92% | -1.12% | 1.30% | -1.47% | 7.60% |
| 2023 | 3.98% | -2.34% | 0.98% | 0.49% | -0.40% | 2.47% | 2.35% | -1.23% | -1.96% | -1.20% | 5.63% | 4.65% | 13.81% |
| 2022 | -2.21% | -5.71% | -0.37% | -5.56% | 0.89% | -7.03% | 3.76% | -0.17% | -6.04% | 1.25% | 8.29% | 0.17% | -13.02% |
| 2021 | -0.85% | -1.83% | -1.49% | 2.56% | 0.95% | 0.65% | 0.28% | 0.93% | -1.80% | -0.35% | -2.10% | 1.75% | -1.44% |
Benchmark Metrics
Vanguard Emerging Markets Bond Fund Admiral Shares has an annualized alpha of 4.96%, beta of 0.14, and R2 of 0.17 versus S&P 500 Index. Calculated based on daily prices since February 01, 2017.
- This fund participated in 41.61% of S&P 500 Index downside but only 38.04% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.14 may look defensive, but with R2 of 0.17 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.17 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.96%
- Beta
- 0.14
- R²
- 0.17
- Upside Capture
- 38.04%
- Downside Capture
- 41.61%
Expense Ratio
VEGBX has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
VEGBX ranks 90 for risk / return — in the top 90% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Emerging Markets Bond Fund Admiral Shares (VEGBX) and compare them to S&P 500 Index.
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.
| VEGBX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.37 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 2.78 | +0.72 |
| Martin ratioReturn relative to average drawdown | 15.32 | 12.44 | +2.88 |
Dividends
Dividend History
Vanguard Emerging Markets Bond Fund Admiral Shares provided a 6.11% dividend yield over the last twelve months, with an annual payout of $1.54 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.54 | $1.58 | $1.63 | $1.67 | $1.23 | $1.37 | $1.32 | $1.67 | $1.17 | $0.10 |
Dividend yield | 6.11% | 6.34% | 7.02% | 7.20% | 5.61% | 5.14% | 4.62% | 6.42% | 5.00% | 0.39% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Emerging Markets Bond Fund Admiral Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.14 | $0.13 | $0.13 | $0.13 | $0.13 | $0.65 | ||||||
| 2025 | $0.15 | $0.14 | $0.14 | $0.13 | $0.13 | $0.13 | $0.15 | $0.12 | $0.12 | $0.10 | $0.12 | $0.15 | $1.58 |
| 2024 | $0.13 | $0.10 | $0.11 | $0.14 | $0.13 | $0.16 | $0.13 | $0.11 | $0.12 | $0.27 | $0.09 | $0.15 | $1.63 |
| 2023 | $0.11 | $0.12 | $0.12 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.15 | $0.14 | $0.24 | $1.67 |
| 2022 | $0.07 | $0.07 | $0.09 | $0.07 | $0.15 | $0.08 | $0.11 | $0.10 | $0.12 | $0.15 | $0.10 | $0.13 | $1.23 |
| 2021 | $0.03 | $0.07 | $0.05 | $0.05 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.09 | $0.60 | $1.37 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Emerging Markets Bond Fund Admiral Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard Emerging Markets Bond Fund Admiral Shares was 24.27%, occurring on Oct 21, 2022. Recovery took 427 trading sessions.
The current Vanguard Emerging Markets Bond Fund Admiral Shares drawdown is 0.16%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -24.27%Oct 2022 | 1y 1mo | 1y 8mo | 2y 9moSep 2021 - Jul 2024 |
COVID crash2020 | -19.72%Mar 2020 | 18d | 2mo 17d | 3mo 5dMar 2020 - Jun 2020 |
2025 selloff2025 | -4.96%Apr 2025 | 1mo 8d | 1mo 24d | 3mo 2dMar 2025 - Jun 2025 |
2021 pullback2021 | -4.46%Mar 2021 | 2mo 24d | 2mo 13d | 5mo 7dJan 2021 - Jun 2021 |
2018 pullback2018 | -4.19%Jun 2018 | 5mo 3d | 6mo 22d | 11mo 25dJan 2018 - Jan 2019 |
Drawdown Indicators
| VEGBX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.27% | -56.78% | +32.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -9.10% | +5.31% |
Max Drawdown (3Y)Largest decline over 3 years | -5.53% | -18.90% | +13.37% |
Max Drawdown (5Y)Largest decline over 5 years | -24.27% | -25.43% | +1.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.16% | -1.80% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -10.71% | +6.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 2.03% | -1.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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