PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IVLU vs. VWOB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVLU vs. VWOB

Last updated Jun 9, 2026

IVLU (iShares MSCI Intl Value Factor ETF) and VWOB (Vanguard Emerging Markets Government Bond ETF) are both exchange-traded funds - IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value, 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 10 years, IVLU returned 11.09%/yr vs 3.44%/yr for VWOB. At a 0.43 correlation, their price movements are largely independent. IVLU charges 0.30%/yr vs 0.15%/yr for VWOB.

Performance

IVLU vs. VWOB - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, IVLU achieves a 10.99% return, which is significantly higher than VWOB's 0.95% return. Over the past 10 years, IVLU has outperformed VWOB with an annualized return of 11.09%, while VWOB has yielded a comparatively lower 3.44% annualized return.

IVLU

1D
0.45%
1M
0.05%
YTD
10.99%
6M
14.55%
1Y
32.63%
3Y*
23.34%
5Y*
13.74%
10Y*
11.09%

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

IVLU vs. VWOB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IVLU
iShares MSCI Intl Value Factor ETF		10.99%46.09%6.76%20.07%-5.73%15.60%-4.50%15.60%-15.10%23.10%
VWOB
Vanguard Emerging Markets Government Bond ETF		0.95%13.49%5.20%10.68%-17.39%-1.80%5.65%14.46%-2.92%8.41%

Correlation

The correlation between IVLU and VWOB is 0.55, 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

0.55

Correlation (3Y)
Calculated over the trailing 3-year period

0.53

Correlation (5Y)
Calculated over the trailing 5-year period

0.50

Correlation (10Y)
Calculated over the trailing 10-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Jul 16, 2015

0.43

The correlation between IVLU and VWOB shifts across timeframes, from 0.43 (all time) to 0.55 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Intl Value Factor ETF

Vanguard Emerging Markets Government Bond ETF

Often compared with IVLU:
IVLU vs. DFIVIVLU vs. VXUSIVLU vs. FIVAIVLU vs. IDMOIVLU vs. IEFAIVLU vs. DISVIVLU vs. SFNNX
Often compared with VWOB:
VWOB vs. EMBVWOB vs. BNDXVWOB vs. EMLCVWOB vs. VWOVWOB vs. VEMBXVWOB vs. EMHYVWOB vs. PCY

Return for Risk

IVLU vs. VWOB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVLU
IVLU Risk / Return Rank: 6969
Overall Rank
IVLU Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IVLU Sortino Ratio Rank: 7272
Sortino Ratio Rank
IVLU Omega Ratio Rank: 7272
Omega Ratio Rank
IVLU Calmar Ratio Rank: 6262
Calmar Ratio Rank
IVLU Martin Ratio Rank: 6464
Martin Ratio Rank
VWOB
VWOB Risk / Return Rank: 6363
Overall Rank
VWOB Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
VWOB Sortino Ratio Rank: 7070
Sortino Ratio Rank
VWOB Omega Ratio Rank: 7171
Omega Ratio Rank
VWOB Calmar Ratio Rank: 5151
Calmar Ratio Rank
VWOB Martin Ratio Rank: 5959
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.

IVLU vs. VWOB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Value Factor ETF (IVLU) 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.

IVLUVWOBDifference
Sharpe ratioReturn per unit of total volatility
2.14
1.97

+0.17

Sortino ratioReturn per unit of downside risk
2.92
2.85

+0.08

Omega ratioGain probability vs. loss probability

1.38

1.38

+0.01

Calmar ratioReturn relative to maximum drawdown

2.80

2.28

+0.53

Martin ratioReturn relative to average drawdown

10.66

9.60

+1.05

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVLU vs. VWOB - Sharpe Ratio Comparison

The current IVLU Sharpe Ratio is 2.14, which is comparable to the VWOB Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of IVLU and VWOB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

IVLUVWOBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.14

1.97

+0.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

0.20

+0.63

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.37

+0.26

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

0.41

+0.06

Drawdowns

IVLU vs. VWOB - Drawdown Comparison

The maximum IVLU drawdown since its inception was -41.85%, which is greater than VWOB's maximum drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for IVLU and VWOB.

Loading charts...

Drawdown Indicators

IVLUVWOBDifference

Max Drawdown

Largest peak-to-trough decline

-41.85%

-26.98%

-14.87%

Max Drawdown (1Y)

Largest decline over 1 year

-11.69%

-4.48%

-7.21%

Max Drawdown (3Y)

Largest decline over 3 years

-15.48%

-7.71%

-7.77%

Max Drawdown (5Y)

Largest decline over 5 years

-26.04%

-26.98%

+0.94%

Max Drawdown (10Y)

Largest decline over 10 years

-41.85%

-26.98%

-14.87%

Current Drawdown

Current decline from peak

-2.27%

-0.94%

-1.33%

Average Drawdown

Average peak-to-trough decline

-8.59%

-4.78%

-3.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.07%

1.06%

+2.01%

Volatility

IVLU vs. VWOB - Volatility Comparison

iShares MSCI Intl Value Factor ETF (IVLU) has a higher volatility of 4.47% compared to Vanguard Emerging Markets Government Bond ETF (VWOB) at 1.65%. This indicates that IVLU'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.

Loading charts...

Volatility by Period

IVLUVWOBDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.47%

1.65%

+2.82%

Volatility (6M)

Calculated over the trailing 6-month period

12.48%

4.20%

+8.28%

Volatility (1Y)

Calculated over the trailing 1-year period

15.33%

5.18%

+10.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.52%

9.18%

+7.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.67%

9.34%

+8.33%

IVLU vs. VWOB - Expense Ratio Comparison

IVLU has a 0.30% expense ratio, which is higher than VWOB's 0.15% expense ratio.

Dividends

IVLU vs. VWOB - Dividend Comparison

IVLU's dividend yield for the trailing twelve months is around 3.34%, less than VWOB's 5.88% yield.

PositionTTM20252024202320222021202020192018201720162015
IVLU
iShares MSCI Intl Value Factor ETF		3.34%3.71%4.46%4.69%3.59%3.47%2.05%3.53%2.82%2.87%2.53%0.93%
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

IVLU and VWOB have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IVLU has higher volatility (4.47%) compared to VWOB (1.65%). In terms of maximum drawdown, IVLU dropped -41.85% vs VWOB's -26.98%.

On 10-year performance, IVLU leads with 11.09% vs 3.44% for VWOB. On fees, VWOB is cheaper at 0.15% 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 10-year period, IVLU has performed better with a 11.09% return vs 3.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VWOB is cheaper with a 0.15% expense ratio, compared with 0.30% for IVLU.

VWOB has the higher dividend yield at 5.88%, compared with 3.34% for IVLU.

IVLU is categorized as Foreign Large Cap Equities, while VWOB is Emerging Markets Bonds. IVLU tracks MSCI World ex USA Enhanced Value, while VWOB tracks Bloomberg USD Emerging Markets Government RIC Capped Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.30% for IVLU and 0.15% for VWOB.

IVLU currently has the higher Sharpe Ratio (2.14 vs 1.97), 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.

Portfolio Optimizer

Find the right allocation for IVLU and VWOB

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer