INIVX vs. EMBUX

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck International Investors Gold Fund (INIVX) and VanEck Emerging Markets Bond Fund (EMBUX).

INIVX is managed by VanEck. It was launched on Feb 9, 1956. EMBUX is managed by VanEck. It was launched on Jul 8, 2012.

Performance

INIVX vs. EMBUX - Performance Comparison

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

INIVX vs. EMBUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INIVX VanEck International Investors Gold Fund	9.59%	165.88%	14.37%	9.67%	-13.77%	-14.23%	40.91%	38.15%	-16.01%	13.06%
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%

Returns By Period

INIVX

• 1D: 7.01%
• 1M: -19.57%
• YTD: 9.59%
• 6M: 29.50%
• 1Y: 116.46%
• 3Y*: 49.06%
• 5Y*: 25.68%
• 10Y*: 18.77%

EMBUX

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

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

INIVX vs. EMBUX - Expense Ratio Comparison

INIVX has a 1.42% expense ratio, which is higher than EMBUX's 0.95% expense ratio.

INIVX

VanEck International Investors Gold Fund

EMBUX

VanEck Emerging Markets Bond Fund

Return for Risk

INIVX vs. EMBUX — Risk / Return Rank

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

INIVX

INIVX Risk / Return Rank: 94
INIVX Sharpe Ratio Rank: 97
INIVX Sortino Ratio Rank: 91
INIVX Omega Ratio Rank: 90
INIVX Calmar Ratio Rank: 97
INIVX Martin Ratio Rank: 96

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.

INIVX vs. EMBUX - Risk-Adjusted Trends Comparison

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

	INIVX	EMBUX	Difference
Sharpe ratio Return per unit of total volatility	2.56	—	—
Sortino ratio Return per unit of downside risk	2.71	—	—
Omega ratio Gain probability vs. loss probability	1.42	—	—
Calmar ratio Return relative to maximum drawdown	3.97	—	—
Martin ratio Return relative to average drawdown	14.93	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	INIVX	EMBUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	—	—

Correlation

The correlation between INIVX and EMBUX is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

INIVX vs. EMBUX - Dividend Comparison

INIVX's dividend yield for the trailing twelve months is around 5.49%, more than EMBUX's 3.58% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INIVX VanEck International Investors Gold Fund	5.49%	6.01%	7.45%	0.10%	0.00%	6.40%	11.70%	3.66%	2.87%	3.76%	6.40%	0.00%
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%

Drawdowns

Drawdown Indicators

	INIVX	EMBUX	Difference
Max Drawdown Largest peak-to-trough decline	-78.96%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-29.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.06%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.20%	—	—
Current Drawdown Current decline from peak	-19.57%	—	—
Average Drawdown Average peak-to-trough decline	-37.84%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	7.87%	—	—

Volatility

Volatility by Period

	INIVX	EMBUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	38.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	45.71%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.66%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.19%	—	—