VEMBX vs. SPHY
Compare and contrast key facts about Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX) and SPDR Portfolio High Yield Bond ETF (SPHY).
VEMBX is managed by Vanguard. It was launched on Mar 10, 2016. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Performance
VEMBX vs. SPHY - Performance Comparison
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VEMBX vs. SPHY - 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% |
SPHY SPDR Portfolio High Yield Bond ETF | -0.07% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.65% | 13.16% | -3.35% | 6.73% |
Returns By Period
In the year-to-date period, VEMBX achieves a -1.40% return, which is significantly lower than SPHY's -0.07% return.
VEMBX
- 1D
- 0.48%
- 1M
- -2.88%
- YTD
- -1.40%
- 6M
- 1.85%
- 1Y
- 9.48%
- 3Y*
- 10.29%
- 5Y*
- 4.09%
- 10Y*
- —
SPHY
- 1D
- 0.25%
- 1M
- -0.69%
- YTD
- -0.07%
- 6M
- 1.01%
- 1Y
- 7.16%
- 3Y*
- 8.49%
- 5Y*
- 4.36%
- 10Y*
- 5.32%
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VEMBX vs. SPHY - Expense Ratio Comparison
VEMBX has a 0.55% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Return for Risk
VEMBX vs. SPHY — Risk / Return Rank
VEMBX
SPHY
VEMBX vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX) and SPDR Portfolio High Yield Bond ETF (SPHY). 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 | SPHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.96 | 1.31 | +0.65 |
Sortino ratioReturn per unit of downside risk | 2.83 | 1.94 | +0.90 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.31 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 1.81 | +0.52 |
Martin ratioReturn relative to average drawdown | 10.49 | 9.48 | +1.00 |
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 | SPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 1.31 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.61 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.63 | +0.39 |
Correlation
The correlation between VEMBX and SPHY is 0.45, 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
VEMBX vs. SPHY - Dividend Comparison
VEMBX's dividend yield for the trailing twelve months is around 5.66%, less than SPHY's 7.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.37% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
Drawdowns
VEMBX vs. SPHY - Drawdown Comparison
The maximum VEMBX drawdown since its inception was -24.36%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for VEMBX and SPHY.
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Drawdown Indicators
| VEMBX | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.36% | -21.97% | -2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.16% | -4.07% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -24.36% | -15.29% | -9.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.97% | — |
Current DrawdownCurrent decline from peak | -3.30% | -1.06% | -2.24% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -2.32% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.78% | +0.17% |
Volatility
VEMBX vs. SPHY - Volatility Comparison
Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX) and SPDR Portfolio High Yield Bond ETF (SPHY) have volatilities of 2.13% and 2.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEMBX | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 2.23% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 2.88% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 5.50% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 7.16% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.37% | 7.97% | -1.60% |