AIVGX vs. EBNAX

Last updated Apr 2, 2026

Compare and contrast key facts about American Funds International Vantage Fund (AIVGX) and American Funds Emerging Markets Bond Fund (EBNAX).

AIVGX is managed by American Funds. It was launched on Mar 31, 2011. EBNAX is managed by American Funds. It was launched on Apr 21, 2016.

Performance

AIVGX vs. EBNAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds International Vantage Fund (AIVGX) and American Funds Emerging Markets Bond Fund (EBNAX). The values are adjusted to include any dividend payments, if applicable.

AIVGX vs. EBNAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AIVGX American Funds International Vantage Fund	-2.62%	28.36%	1.36%	16.30%	-16.86%	9.48%	16.37%	3.80%
EBNAX American Funds Emerging Markets Bond Fund	-1.90%	15.91%	0.33%	12.11%	-14.03%	-3.96%	7.65%	2.58%

Returns By Period

In the year-to-date period, AIVGX achieves a -2.62% return, which is significantly lower than EBNAX's -1.90% return.

AIVGX

• 1D: 3.03%
• 1M: -6.76%
• YTD: -2.62%
• 6M: -0.14%
• 1Y: 16.11%
• 3Y*: 9.93%
• 5Y*: 5.69%
• 10Y*: —

EBNAX

• 1D: 0.51%
• 1M: -3.75%
• YTD: -1.90%
• 6M: 0.30%
• 1Y: 9.55%
• 3Y*: 7.58%
• 5Y*: 2.17%
• 10Y*: —

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

AIVGX vs. EBNAX - Expense Ratio Comparison

AIVGX has a 0.59% expense ratio, which is lower than EBNAX's 0.98% expense ratio.

EBNAX

American Funds Emerging Markets Bond Fund

AIVGX

American Funds International Vantage Fund

Return for Risk

AIVGX vs. EBNAX — Risk / Return Rank

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

AIVGX

AIVGX Risk / Return Rank: 48
AIVGX Sharpe Ratio Rank: 51
AIVGX Sortino Ratio Rank: 45
AIVGX Omega Ratio Rank: 44
AIVGX Calmar Ratio Rank: 50
AIVGX Martin Ratio Rank: 50

EBNAX

EBNAX Risk / Return Rank: 89
EBNAX Sharpe Ratio Rank: 92
EBNAX Sortino Ratio Rank: 92
EBNAX Omega Ratio Rank: 90
EBNAX Calmar Ratio Rank: 82
EBNAX Martin Ratio Rank: 86

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.

AIVGX vs. EBNAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds International Vantage Fund (AIVGX) and American Funds Emerging Markets Bond Fund (EBNAX). 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.

	AIVGX	EBNAX	Difference
Sharpe ratio Return per unit of total volatility	1.04	2.08	-1.04
Sortino ratio Return per unit of downside risk	1.41	2.85	-1.44
Omega ratio Gain probability vs. loss probability	1.20	1.42	-0.22
Calmar ratio Return relative to maximum drawdown	1.36	2.16	-0.80
Martin ratio Return relative to average drawdown	5.35	9.54	-4.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIVGX vs. EBNAX - Sharpe Ratio Comparison

The current AIVGX Sharpe Ratio is 1.04, which is lower than the EBNAX Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of AIVGX and EBNAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AIVGX	EBNAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	2.08	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.33	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.47	0.00

Correlation

The correlation between AIVGX and EBNAX is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AIVGX vs. EBNAX - Dividend Comparison

AIVGX's dividend yield for the trailing twelve months is around 3.55%, less than EBNAX's 5.58% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AIVGX American Funds International Vantage Fund	3.55%	3.46%	1.66%	1.53%	1.43%	2.84%	2.65%	5.86%	0.00%	0.00%	0.00%
EBNAX American Funds Emerging Markets Bond Fund	5.58%	6.12%	7.26%	5.45%	5.39%	4.85%	4.89%	6.09%	5.90%	6.59%	1.85%

Drawdowns

AIVGX vs. EBNAX - Drawdown Comparison

The maximum AIVGX drawdown since its inception was -31.04%, which is greater than EBNAX's maximum drawdown of -26.27%. Use the drawdown chart below to compare losses from any high point for AIVGX and EBNAX.

Drawdown Indicators

	AIVGX	EBNAX	Difference
Max Drawdown Largest peak-to-trough decline	-31.04%	-26.27%	-4.77%
Max Drawdown (1Y) Largest decline over 1 year	-11.58%	-4.93%	-6.65%
Max Drawdown (5Y) Largest decline over 5 years	-31.04%	-25.72%	-5.32%
Current Drawdown Current decline from peak	-8.71%	-4.45%	-4.26%
Average Drawdown Average peak-to-trough decline	-7.10%	-5.96%	-1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	1.12%	+1.82%

Volatility

AIVGX vs. EBNAX - Volatility Comparison

American Funds International Vantage Fund (AIVGX) has a higher volatility of 7.43% compared to American Funds Emerging Markets Bond Fund (EBNAX) at 2.29%. This indicates that AIVGX's price experiences larger fluctuations and is considered to be riskier than EBNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIVGX	EBNAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.43%	2.29%	+5.14%
Volatility (6M) Calculated over the trailing 6-month period	11.23%	3.31%	+7.92%
Volatility (1Y) Calculated over the trailing 1-year period	16.38%	4.79%	+11.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.35%	6.66%	+8.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.74%	6.93%	+9.81%