BKIE vs. VWOB
BKIE (BNY Mellon International Equity ETF) and VWOB (Vanguard Emerging Markets Government Bond ETF) are both exchange-traded funds - BKIE is a Foreign Large Cap Equities fund tracking the Morningstar Developed Markets ex-US Large Cap Index, while VWOB is a Emerging Markets Bonds fund tracking the Bloomberg USD Emerging Markets Government RIC Capped Index. Both are passively managed. Over the past 5 years, BKIE returned 8.82%/yr vs 1.85%/yr for VWOB. A 0.55 correlation means they provide meaningful diversification when combined. BKIE charges 0.04%/yr vs 0.15%/yr for VWOB.
Performance
BKIE vs. VWOB - Performance Comparison
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Returns By Period
In the year-to-date period, BKIE achieves a 7.27% return, which is significantly higher than VWOB's 0.95% return.
BKIE
- 1D
- 0.63%
- 1M
- -0.95%
- YTD
- 7.27%
- 6M
- 9.96%
- 1Y
- 20.75%
- 3Y*
- 16.78%
- 5Y*
- 8.82%
- 10Y*
- —
VWOB
- 1D
- -0.18%
- 1M
- -0.48%
- YTD
- 0.95%
- 6M
- 1.64%
- 1Y
- 10.16%
- 3Y*
- 9.06%
- 5Y*
- 1.85%
- 10Y*
- 3.44%
BKIE vs. VWOB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKIE BNY Mellon International Equity ETF | 7.27% | 32.08% | 4.63% | 18.25% | -13.60% | 13.75% | 34.17% |
VWOB Vanguard Emerging Markets Government Bond ETF | 0.95% | 13.49% | 5.20% | 10.68% | -17.39% | -1.80% | 20.65% |
Correlation
The correlation between BKIE and VWOB is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020 | 0.55 |
The correlation between BKIE and VWOB has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.
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Return for Risk
BKIE vs. VWOB — Risk / Return Rank
BKIE
VWOB
BKIE vs. VWOB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon International Equity ETF (BKIE) and Vanguard Emerging Markets Government Bond ETF (VWOB). 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.
| BKIE | VWOB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.38 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.28 | -0.45 |
| Martin ratioReturn relative to average drawdown | 7.03 | 9.60 | -2.57 |
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
| BKIE | VWOB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.97 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.20 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.41 | +0.49 |
Drawdowns
BKIE vs. VWOB - Drawdown Comparison
The maximum BKIE drawdown since its inception was -28.19%, roughly equal to the maximum VWOB drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for BKIE and VWOB.
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Drawdown Indicators
| BKIE | VWOB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -26.98% | -1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -4.48% | -6.93% |
Max Drawdown (3Y)Largest decline over 3 years | -13.19% | -7.71% | -5.48% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -26.98% | -1.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.98% | — |
Current DrawdownCurrent decline from peak | -2.41% | -0.94% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -4.78% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 1.06% | +1.90% |
Volatility
BKIE vs. VWOB - Volatility Comparison
BNY Mellon International Equity ETF (BKIE) has a higher volatility of 4.17% compared to Vanguard Emerging Markets Government Bond ETF (VWOB) at 1.65%. This indicates that BKIE's price experiences larger fluctuations and is considered to be riskier than VWOB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKIE | VWOB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 1.65% | +2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 4.20% | +8.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.84% | 5.18% | +9.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.16% | 9.18% | +6.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 9.34% | +7.02% |
BKIE vs. VWOB - Expense Ratio Comparison
BKIE has a 0.04% expense ratio, which is lower than VWOB's 0.15% 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
BKIE vs. VWOB - Dividend Comparison
BKIE's dividend yield for the trailing twelve months is around 3.30%, less than VWOB's 5.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKIE BNY Mellon International Equity ETF | 3.30% | 3.12% | 3.31% | 2.88% | 2.97% | 2.58% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.88% | 5.92% | 6.08% | 5.50% | 5.30% | 4.04% | 4.18% | 4.58% | 4.52% | 4.61% | 4.71% | 4.93% |
Frequently Asked Questions
BKIE and VWOB have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKIE has higher volatility (4.17%) compared to VWOB (1.65%). In terms of maximum drawdown, BKIE dropped -28.19% vs VWOB's -26.98%.
On 5-year performance, BKIE leads with 8.82% vs 1.85% for VWOB. On fees, BKIE is cheaper at 0.04% per year. On volatility, VWOB has been the lower-risk option at 1.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BKIE has performed better with a 8.82% return vs 1.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKIE is cheaper with a 0.04% expense ratio, compared with 0.15% for VWOB.
VWOB has the higher dividend yield at 5.88%, compared with 3.30% for BKIE.
BKIE is categorized as Foreign Large Cap Equities, while VWOB is Emerging Markets Bonds. BKIE tracks Morningstar Developed Markets ex-US Large Cap Index, while VWOB tracks Bloomberg USD Emerging Markets Government RIC Capped Index. They also come from different issuers: BNY Mellon and Vanguard. Their fees differ too: 0.04% for BKIE and 0.15% for VWOB.
VWOB currently has the higher Sharpe Ratio (1.97 vs 1.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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