PREMX vs. VEGBX
Compare and contrast key facts about T. Rowe Price Emerging Markets Bond Fund (PREMX) and Vanguard Emerging Markets Bond Fund Admiral Shares (VEGBX).
PREMX is managed by T. Rowe Price. It was launched on Dec 29, 1994. VEGBX is managed by Vanguard. It was launched on Dec 6, 2017.
Performance
PREMX vs. VEGBX - Performance Comparison
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PREMX vs. VEGBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PREMX T. Rowe Price Emerging Markets Bond Fund | -0.49% | 16.55% | 10.84% | 18.52% | -18.37% | -2.44% | 4.63% | 11.34% | -7.22% | 7.16% |
VEGBX Vanguard Emerging Markets Bond Fund Admiral Shares | -1.39% | 14.46% | 7.60% | 13.81% | -13.02% | -1.44% | 15.18% | 17.87% | -0.66% | 11.65% |
Returns By Period
In the year-to-date period, PREMX achieves a -0.49% return, which is significantly higher than VEGBX's -1.39% return.
PREMX
- 1D
- 0.31%
- 1M
- -3.32%
- YTD
- -0.49%
- 6M
- 3.45%
- 1Y
- 11.63%
- 3Y*
- 13.98%
- 5Y*
- 4.77%
- 10Y*
- 4.55%
VEGBX
- 1D
- 0.45%
- 1M
- -2.92%
- YTD
- -1.39%
- 6M
- 1.96%
- 1Y
- 9.61%
- 3Y*
- 10.46%
- 5Y*
- 4.25%
- 10Y*
- —
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PREMX vs. VEGBX - Expense Ratio Comparison
PREMX has a 0.99% expense ratio, which is higher than VEGBX's 0.40% expense ratio.
Return for Risk
PREMX vs. VEGBX — Risk / Return Rank
PREMX
VEGBX
PREMX vs. VEGBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Emerging Markets Bond Fund (PREMX) and Vanguard Emerging Markets Bond Fund Admiral Shares (VEGBX). 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.
| PREMX | VEGBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.23 | 2.03 | +0.20 |
Sortino ratioReturn per unit of downside risk | 3.16 | 2.91 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.42 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.40 | +0.18 |
Martin ratioReturn relative to average drawdown | 10.65 | 10.58 | +0.07 |
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
| PREMX | VEGBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 2.03 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.68 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 1.03 | -0.17 |
Correlation
The correlation between PREMX and VEGBX is 0.85, 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
PREMX vs. VEGBX - Dividend Comparison
PREMX's dividend yield for the trailing twelve months is around 6.88%, more than VEGBX's 5.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PREMX T. Rowe Price Emerging Markets Bond Fund | 6.88% | 7.69% | 9.95% | 9.36% | 3.96% | 4.63% | 4.55% | 5.24% | 5.29% | 7.01% | 6.45% | 6.59% |
VEGBX Vanguard Emerging Markets Bond Fund Admiral Shares | 5.80% | 6.34% | 7.02% | 7.20% | 5.61% | 5.14% | 4.62% | 6.42% | 5.00% | 0.39% | 0.00% | 0.00% |
Drawdowns
PREMX vs. VEGBX - Drawdown Comparison
The maximum PREMX drawdown since its inception was -43.95%, which is greater than VEGBX's maximum drawdown of -24.27%. Use the drawdown chart below to compare losses from any high point for PREMX and VEGBX.
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Drawdown Indicators
| PREMX | VEGBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.95% | -24.27% | -19.68% |
Max Drawdown (1Y)Largest decline over 1 year | -4.77% | -4.13% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -31.69% | -24.27% | -7.42% |
Max Drawdown (10Y)Largest decline over 10 years | -31.69% | — | — |
Current DrawdownCurrent decline from peak | -3.80% | -3.35% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -3.90% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 0.95% | +0.20% |
Volatility
PREMX vs. VEGBX - Volatility Comparison
The current volatility for T. Rowe Price Emerging Markets Bond Fund (PREMX) is 1.76%, while Vanguard Emerging Markets Bond Fund Admiral Shares (VEGBX) has a volatility of 2.10%. This indicates that PREMX experiences smaller price fluctuations and is considered to be less risky than VEGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PREMX | VEGBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 2.10% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 2.87% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.36% | 4.98% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 6.27% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.14% | 6.37% | +0.77% |