GMCDX vs. VEMBX
Compare and contrast key facts about GMO Emerging Country Debt Fund (GMCDX) and Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX).
GMCDX is managed by GMO. It was launched on Apr 18, 1994. VEMBX is managed by Vanguard. It was launched on Mar 10, 2016.
Performance
GMCDX vs. VEMBX - Performance Comparison
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GMCDX vs. VEMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMCDX GMO Emerging Country Debt Fund | 2.00% | 22.34% | 13.39% | 17.63% | -16.30% | 6.56% | 7.25% | 14.28% | -5.89% | 12.12% |
VEMBX Vanguard Emerging Markets Bond Fund Investor Shares | -1.87% | 14.32% | 7.38% | 13.66% | -13.18% | -1.53% | 14.99% | 17.72% | -0.89% | 13.12% |
Returns By Period
In the year-to-date period, GMCDX achieves a 2.00% return, which is significantly higher than VEMBX's -1.87% return.
GMCDX
- 1D
- -0.26%
- 1M
- -3.28%
- YTD
- 2.00%
- 6M
- 8.11%
- 1Y
- 20.48%
- 3Y*
- 17.79%
- 5Y*
- 9.25%
- 10Y*
- 7.59%
VEMBX
- 1D
- -0.10%
- 1M
- -3.68%
- YTD
- -1.87%
- 6M
- 1.55%
- 1Y
- 9.39%
- 3Y*
- 10.11%
- 5Y*
- 4.06%
- 10Y*
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GMCDX vs. VEMBX - Expense Ratio Comparison
GMCDX has a 0.53% expense ratio, which is lower than VEMBX's 0.55% expense ratio.
Return for Risk
GMCDX vs. VEMBX — Risk / Return Rank
GMCDX
VEMBX
GMCDX vs. VEMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Emerging Country Debt Fund (GMCDX) and Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX). 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.
| GMCDX | VEMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.99 | 1.87 | +1.12 |
Sortino ratioReturn per unit of downside risk | 4.36 | 2.69 | +1.66 |
Omega ratioGain probability vs. loss probability | 1.72 | 1.39 | +0.33 |
Calmar ratioReturn relative to maximum drawdown | 3.48 | 2.26 | +1.22 |
Martin ratioReturn relative to average drawdown | 17.82 | 10.41 | +7.41 |
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
| GMCDX | VEMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.99 | 1.87 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.65 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 1.01 | -0.71 |
Correlation
The correlation between GMCDX and VEMBX is 0.86, 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
GMCDX vs. VEMBX - Dividend Comparison
GMCDX's dividend yield for the trailing twelve months is around 6.15%, more than VEMBX's 5.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMCDX GMO Emerging Country Debt Fund | 6.15% | 6.27% | 6.88% | 10.26% | 13.73% | 17.75% | 9.66% | 6.60% | 7.76% | 7.06% | 6.00% | 2.50% |
VEMBX Vanguard Emerging Markets Bond Fund Investor Shares | 5.69% | 6.20% | 6.86% | 7.06% | 5.43% | 5.00% | 4.50% | 6.27% | 4.81% | 6.50% | 0.00% | 0.00% |
Drawdowns
GMCDX vs. VEMBX - Drawdown Comparison
The maximum GMCDX drawdown since its inception was -68.24%, which is greater than VEMBX's maximum drawdown of -24.36%. Use the drawdown chart below to compare losses from any high point for GMCDX and VEMBX.
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Drawdown Indicators
| GMCDX | VEMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.24% | -24.36% | -43.88% |
Max Drawdown (1Y)Largest decline over 1 year | -5.74% | -4.26% | -1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -26.02% | -24.36% | -1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -26.02% | — | — |
Current DrawdownCurrent decline from peak | -3.85% | -3.77% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -17.75% | -3.93% | -13.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.92% | +0.20% |
Volatility
GMCDX vs. VEMBX - Volatility Comparison
GMO Emerging Country Debt Fund (GMCDX) has a higher volatility of 2.25% compared to Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX) at 2.03%. This indicates that GMCDX's price experiences larger fluctuations and is considered to be riskier than VEMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMCDX | VEMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 2.03% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.91% | 2.86% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.73% | 5.06% | +1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.16% | 6.28% | +4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.31% | 6.37% | +2.94% |