VCEB vs. VGAVX
Compare and contrast key facts about Vanguard ESG U.S. Corporate Bond ETF (VCEB) and Vanguard Emerging Markets Government Bond Index Fund Admiral Shares (VGAVX).
VCEB is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Barclays MSCI US Corp SRI Select Index. It was launched on Sep 22, 2020. VGAVX is managed by Vanguard. It was launched on May 31, 2013.
Performance
VCEB vs. VGAVX - Performance Comparison
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VCEB vs. VGAVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VCEB Vanguard ESG U.S. Corporate Bond ETF | -0.36% | 7.48% | 2.23% | 8.52% | -15.15% | -1.99% | 2.46% |
VGAVX Vanguard Emerging Markets Government Bond Index Fund Admiral Shares | -1.88% | 12.98% | 6.27% | 10.44% | -16.68% | -1.74% | 6.22% |
Returns By Period
In the year-to-date period, VCEB achieves a -0.36% return, which is significantly higher than VGAVX's -1.88% return.
VCEB
- 1D
- 0.15%
- 1M
- -1.43%
- YTD
- -0.36%
- 6M
- -0.06%
- 1Y
- 4.43%
- 3Y*
- 4.56%
- 5Y*
- 0.61%
- 10Y*
- —
VGAVX
- 1D
- 0.36%
- 1M
- -3.00%
- YTD
- -1.88%
- 6M
- 0.74%
- 1Y
- 8.07%
- 3Y*
- 8.36%
- 5Y*
- 2.22%
- 10Y*
- 3.59%
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VCEB vs. VGAVX - Expense Ratio Comparison
VCEB has a 0.12% expense ratio, which is lower than VGAVX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VCEB vs. VGAVX — Risk / Return Rank
VCEB
VGAVX
VCEB vs. VGAVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG U.S. Corporate Bond ETF (VCEB) and Vanguard Emerging Markets Government Bond Index Fund Admiral Shares (VGAVX). 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.
| VCEB | VGAVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 1.88 | -1.01 |
Sortino ratioReturn per unit of downside risk | 1.23 | 2.66 | -1.44 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.39 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.16 | -0.49 |
Martin ratioReturn relative to average drawdown | 5.21 | 8.81 | -3.60 |
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
| VCEB | VGAVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.88 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.36 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.64 | -0.61 |
Correlation
The correlation between VCEB and VGAVX is 0.66, 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.
Dividends
VCEB vs. VGAVX - Dividend Comparison
VCEB's dividend yield for the trailing twelve months is around 4.64%, less than VGAVX's 5.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCEB Vanguard ESG U.S. Corporate Bond ETF | 4.64% | 4.57% | 4.47% | 3.70% | 2.84% | 1.69% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGAVX Vanguard Emerging Markets Government Bond Index Fund Admiral Shares | 5.42% | 5.88% | 6.56% | 5.50% | 5.29% | 4.27% | 4.20% | 4.60% | 4.54% | 4.62% | 4.73% | 4.94% |
Drawdowns
VCEB vs. VGAVX - Drawdown Comparison
The maximum VCEB drawdown since its inception was -21.60%, smaller than the maximum VGAVX drawdown of -26.77%. Use the drawdown chart below to compare losses from any high point for VCEB and VGAVX.
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Drawdown Indicators
| VCEB | VGAVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.60% | -26.77% | +5.17% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -3.97% | +1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -21.39% | -26.77% | +5.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.77% | — |
Current DrawdownCurrent decline from peak | -1.72% | -3.57% | +1.85% |
Average DrawdownAverage peak-to-trough decline | -7.83% | -4.73% | -3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.97% | -0.07% |
Volatility
VCEB vs. VGAVX - Volatility Comparison
Vanguard ESG U.S. Corporate Bond ETF (VCEB) has a higher volatility of 2.16% compared to Vanguard Emerging Markets Government Bond Index Fund Admiral Shares (VGAVX) at 1.91%. This indicates that VCEB's price experiences larger fluctuations and is considered to be riskier than VGAVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCEB | VGAVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 1.91% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 2.72% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.10% | 4.52% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.84% | 6.27% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.72% | 6.35% | +0.37% |