LEMB vs. VWOB
Compare and contrast key facts about iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) and Vanguard Emerging Markets Government Bond ETF (VWOB).
LEMB and VWOB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LEMB is a passively managed fund by iShares that tracks the performance of the J.P. Morgan GBI-EM Global 15 cap 4.5 floor. It was launched on Oct 18, 2011. 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. Both LEMB and VWOB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LEMB or VWOB.
Key characteristics
| LEMB | VWOB | |
|---|---|---|
| YTD Return | -3.27% | -1.19% |
| 1Y Return | -0.43% | 6.32% |
| 3Y Return (Ann) | -4.55% | -2.84% |
| 5Y Return (Ann) | -2.11% | 0.22% |
| 10Y Return (Ann) | -1.53% | 2.34% |
| Sharpe Ratio | 0.00 | 0.81 |
| Daily Std Dev | 7.17% | 8.58% |
| Max Drawdown | -28.42% | -26.98% |
| Current Drawdown | -18.87% | -11.62% |
Correlation
The correlation between LEMB and VWOB is 0.55, 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.
Performance
LEMB vs. VWOB - Performance Comparison
In the year-to-date period, LEMB achieves a -3.27% return, which is significantly lower than VWOB's -1.19% return. Over the past 10 years, LEMB has underperformed VWOB with an annualized return of -1.53%, while VWOB has yielded a comparatively higher 2.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LEMB vs. VWOB - Expense Ratio Comparison
LEMB has a 0.30% expense ratio, which is higher than VWOB's 0.20% expense ratio.
Risk-Adjusted Performance
LEMB vs. VWOB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) 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.
Dividends
LEMB vs. VWOB - Dividend Comparison
LEMB's dividend yield for the trailing twelve months is around 1.38%, less than VWOB's 5.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | 1.38% | 1.34% | 0.86% | 3.89% | 0.00% | 4.39% | 6.91% | 0.00% | 0.00% | 0.64% | 2.85% | 2.99% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.77% | 5.50% | 5.30% | 4.04% | 4.18% | 4.58% | 4.52% | 4.61% | 4.71% | 4.93% | 4.49% | 2.39% |
Drawdowns
LEMB vs. VWOB - Drawdown Comparison
The maximum LEMB drawdown since its inception was -28.42%, which is greater than VWOB's maximum drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for LEMB and VWOB. For additional features, visit the drawdowns tool.
Volatility
LEMB vs. VWOB - Volatility Comparison
The current volatility for iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) is 2.25%, while Vanguard Emerging Markets Government Bond ETF (VWOB) has a volatility of 2.73%. This indicates that LEMB experiences smaller price fluctuations and is considered to be less risky than VWOB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.