VEMBX vs. DODLX
Compare and contrast key facts about Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX) and Dodge & Cox Global Bond Fund (DODLX).
VEMBX is managed by Vanguard. It was launched on Mar 10, 2016. DODLX is managed by Dodge & Cox. It was launched on Apr 30, 2014.
Performance
VEMBX vs. DODLX - Performance Comparison
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VEMBX vs. DODLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEMBX Vanguard Emerging Markets Bond Fund Investor Shares | -1.40% | 14.32% | 7.38% | 13.66% | -13.18% | -1.53% | 14.99% | 17.72% | -0.89% | 13.12% |
DODLX Dodge & Cox Global Bond Fund | -0.21% | 11.51% | 0.55% | 12.30% | -8.21% | -0.85% | 11.87% | 12.23% | -1.45% | 8.42% |
Returns By Period
In the year-to-date period, VEMBX achieves a -1.40% return, which is significantly lower than DODLX's -0.21% return.
VEMBX
- 1D
- 0.48%
- 1M
- -2.88%
- YTD
- -1.40%
- 6M
- 1.85%
- 1Y
- 9.48%
- 3Y*
- 10.29%
- 5Y*
- 4.09%
- 10Y*
- —
DODLX
- 1D
- 0.45%
- 1M
- -2.29%
- YTD
- -0.21%
- 6M
- 0.57%
- 1Y
- 6.83%
- 3Y*
- 6.69%
- 5Y*
- 3.17%
- 10Y*
- 4.88%
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VEMBX vs. DODLX - Expense Ratio Comparison
VEMBX has a 0.55% expense ratio, which is higher than DODLX's 0.45% expense ratio.
Return for Risk
VEMBX vs. DODLX — Risk / Return Rank
VEMBX
DODLX
VEMBX vs. DODLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX) and Dodge & Cox Global Bond Fund (DODLX). 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.
| VEMBX | DODLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.96 | 1.63 | +0.34 |
Sortino ratioReturn per unit of downside risk | 2.83 | 2.31 | +0.52 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.30 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.02 | +0.31 |
Martin ratioReturn relative to average drawdown | 10.49 | 8.00 | +2.49 |
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
| VEMBX | DODLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 1.63 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.62 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.78 | +0.24 |
Correlation
The correlation between VEMBX and DODLX is 0.74, 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
VEMBX vs. DODLX - Dividend Comparison
VEMBX's dividend yield for the trailing twelve months is around 5.66%, more than DODLX's 4.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VEMBX Vanguard Emerging Markets Bond Fund Investor Shares | 5.66% | 6.20% | 6.86% | 7.06% | 5.43% | 5.00% | 4.50% | 6.27% | 4.81% | 6.50% | 0.00% |
DODLX Dodge & Cox Global Bond Fund | 4.09% | 4.07% | 4.73% | 3.31% | 5.05% | 3.86% | 2.66% | 3.40% | 5.19% | 2.45% | 1.69% |
Drawdowns
VEMBX vs. DODLX - Drawdown Comparison
The maximum VEMBX drawdown since its inception was -24.36%, which is greater than DODLX's maximum drawdown of -16.30%. Use the drawdown chart below to compare losses from any high point for VEMBX and DODLX.
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Drawdown Indicators
| VEMBX | DODLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.36% | -16.30% | -8.06% |
Max Drawdown (1Y)Largest decline over 1 year | -4.16% | -3.67% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -24.36% | -16.30% | -8.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.30% | — |
Current DrawdownCurrent decline from peak | -3.30% | -2.88% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -3.06% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.93% | +0.02% |
Volatility
VEMBX vs. DODLX - Volatility Comparison
Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX) has a higher volatility of 2.13% compared to Dodge & Cox Global Bond Fund (DODLX) at 2.02%. This indicates that VEMBX's price experiences larger fluctuations and is considered to be riskier than DODLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEMBX | DODLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 2.02% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 2.79% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 4.46% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 5.17% | +1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.37% | 4.77% | +1.60% |