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EMBX vs. VWOB
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EMBX vs. VWOB

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Emerging Markets Bond ETF (EMBX) and Vanguard Emerging Markets Government Bond ETF (VWOB).

EMBX and VWOB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMBX is an actively managed fund by VanEck. It was launched on Oct 6, 2025. VWOB is a passively managed fund by Vanguard that tracks the performance of the Barclays USD Emerging Markets Government RIC Capped Index. It was launched on May 31, 2013.

Performance

EMBX vs. VWOB - Performance Comparison

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

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EMBX vs. VWOB - Yearly Performance Comparison

2026 (YTD)2025
EMBX
VanEck Emerging Markets Bond ETF		0.42%2.86%
VWOB
Vanguard Emerging Markets Government Bond ETF		-1.27%2.30%

Returns By Period

In the year-to-date period, EMBX achieves a 0.42% return, which is significantly higher than VWOB's -1.27% return.

EMBX

1D
0.63%
1M
-2.46%
YTD
0.42%
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

VWOB

1D
0.37%
1M
-2.64%
YTD
-1.27%
6M
1.07%
1Y
8.63%
3Y*
8.17%
5Y*
2.10%
10Y*
3.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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VanEck Emerging Markets Bond ETF

Vanguard Emerging Markets Government Bond ETF

Often compared with EMBX:
EMBX vs. EMLCEMBX vs. EMCBEMBX vs. EMHCEMBX vs. GAEMEMBX vs. LEMBEMBX vs. CBONEMBX vs. DAPP
Often compared with VWOB:
VWOB vs. EMBVWOB vs. BNDXVWOB vs. VWOVWOB vs. VEMBXVWOB vs. EMLCVWOB vs. EMHYVWOB vs. PCY

EMBX vs. VWOB - Expense Ratio Comparison

EMBX has a 0.76% expense ratio, which is higher than VWOB's 0.20% expense ratio.

EMBX
VanEck Emerging Markets Bond ETF
VWOB
Vanguard Emerging Markets Government Bond ETF

Return for Risk

EMBX vs. VWOB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMBX
VWOB
VWOB Risk / Return Rank: 7373
Overall Rank
VWOB Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
VWOB Sortino Ratio Rank: 7171
Sortino Ratio Rank
VWOB Omega Ratio Rank: 7373
Omega Ratio Rank
VWOB Calmar Ratio Rank: 7474
Calmar Ratio Rank
VWOB Martin Ratio Rank: 7575
Martin Ratio Rank
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.

EMBX vs. VWOB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Emerging Markets Bond ETF (EMBX) 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.

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

EMBX vs. VWOB - Sharpe Ratio Comparison

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Sharpe Ratios by Period

EMBXVWOBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.33

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.23

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.37

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.15

0.39

+0.76

Correlation

The correlation between EMBX and VWOB is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

EMBX vs. VWOB - Dividend Comparison

EMBX's dividend yield for the trailing twelve months is around 2.72%, less than VWOB's 5.96% yield.

TTM20252024202320222021202020192018201720162015
EMBX
VanEck Emerging Markets Bond ETF		2.72%1.47%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VWOB
Vanguard Emerging Markets Government Bond ETF		5.96%5.92%6.08%5.50%5.30%4.04%4.18%4.58%4.52%4.61%4.71%4.93%

Drawdowns

EMBX vs. VWOB - Drawdown Comparison

The maximum EMBX drawdown since its inception was -5.14%, smaller than the maximum VWOB drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for EMBX and VWOB.

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Drawdown Indicators

EMBXVWOBDifference

Max Drawdown

Largest peak-to-trough decline

-5.14%

-26.98%

+21.84%

Max Drawdown (1Y)

Largest decline over 1 year

—

-4.48%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.98%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.98%

—

Current Drawdown

Current decline from peak

-3.39%

-3.12%

-0.27%

Average Drawdown

Average peak-to-trough decline

-0.79%

-4.83%

+4.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

1.10%

—

Volatility

EMBX vs. VWOB - Volatility Comparison

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Volatility by Period

EMBXVWOBDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

2.95%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

3.75%

—

Volatility (1Y)

Calculated over the trailing 1-year period

6.05%

6.52%

-0.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.05%

9.17%

-3.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.05%

9.32%

-3.27%