EMBUX vs. GBFAX

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Emerging Markets Bond Fund (EMBUX) and VanEck Emerging Markets Fund (GBFAX).

EMBUX is managed by VanEck. It was launched on Jul 8, 2012. GBFAX is managed by VanEck. It was launched on Dec 19, 1993.

Performance

EMBUX vs. GBFAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Emerging Markets Bond Fund (EMBUX) and VanEck Emerging Markets Fund (GBFAX). The values are adjusted to include any dividend payments, if applicable.

EMBUX vs. GBFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMBUX VanEck Emerging Markets Bond Fund	0.00%	15.82%	3.09%	9.34%	-7.21%	-4.30%	11.57%	13.10%	-6.21%	11.97%
GBFAX VanEck Emerging Markets Fund	-0.35%	30.27%	-0.31%	10.60%	-25.21%	-12.13%	16.43%	29.53%	-23.30%	49.70%

Returns By Period

EMBUX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GBFAX

• 1D: 3.21%
• 1M: -10.07%
• YTD: -0.35%
• 6M: 3.08%
• 1Y: 26.93%
• 3Y*: 11.97%
• 5Y*: -1.66%
• 10Y*: 5.14%

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

EMBUX vs. GBFAX - Expense Ratio Comparison

EMBUX has a 0.95% expense ratio, which is lower than GBFAX's 1.53% expense ratio.

GBFAX

VanEck Emerging Markets Fund

EMBUX

VanEck Emerging Markets Bond Fund

Return for Risk

EMBUX vs. GBFAX — Risk / Return Rank

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

GBFAX

GBFAX Risk / Return Rank: 69
GBFAX Sharpe Ratio Rank: 73
GBFAX Sortino Ratio Rank: 68
GBFAX Omega Ratio Rank: 69
GBFAX Calmar Ratio Rank: 68
GBFAX Martin Ratio Rank: 68

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.

EMBUX vs. GBFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Emerging Markets Bond Fund (EMBUX) and VanEck Emerging Markets Fund (GBFAX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EMBUX	GBFAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.40	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.09	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.33	—

Correlation

The correlation between EMBUX and GBFAX is 0.45, 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

EMBUX vs. GBFAX - Dividend Comparison

EMBUX's dividend yield for the trailing twelve months is around 3.58%, more than GBFAX's 0.64% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMBUX VanEck Emerging Markets Bond Fund	3.58%	5.54%	8.20%	5.49%	8.21%	5.50%	6.56%	7.89%	7.25%	7.66%	3.94%	6.84%
GBFAX VanEck Emerging Markets Fund	0.64%	0.64%	0.92%	1.17%	3.85%	8.09%	0.15%	1.56%	0.03%	0.10%	0.13%	0.01%

Drawdowns

Drawdown Indicators

	EMBUX	GBFAX	Difference
Max Drawdown Largest peak-to-trough decline	—	-75.51%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-14.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.34%	—
Current Drawdown Current decline from peak	—	-17.69%	—
Average Drawdown Average peak-to-trough decline	—	-19.90%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.61%	—

Volatility

Volatility by Period

	EMBUX	GBFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	19.59%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.98%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.10%	—