VEMBX vs. VGCIX
Compare and contrast key facts about Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX) and Vanguard Global Credit Bond Fund Investor Shares (VGCIX).
VEMBX is managed by Vanguard. It was launched on Mar 10, 2016. VGCIX is managed by Vanguard. It was launched on Nov 15, 2018.
Performance
VEMBX vs. VGCIX - Performance Comparison
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VEMBX vs. VGCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VEMBX Vanguard Emerging Markets Bond Fund Investor Shares | -1.87% | 14.32% | 7.38% | 13.66% | -13.18% | -1.53% | 14.99% | 17.72% | 0.85% |
VGCIX Vanguard Global Credit Bond Fund Investor Shares | -0.83% | 7.26% | 3.82% | 9.17% | -13.61% | -0.70% | 10.70% | 12.93% | 0.95% |
Returns By Period
In the year-to-date period, VEMBX achieves a -1.87% return, which is significantly lower than VGCIX's -0.83% return.
VEMBX
- 1D
- -0.10%
- 1M
- -3.68%
- YTD
- -1.87%
- 6M
- 1.55%
- 1Y
- 9.39%
- 3Y*
- 10.11%
- 5Y*
- 4.06%
- 10Y*
- —
VGCIX
- 1D
- 0.42%
- 1M
- -2.54%
- YTD
- -0.83%
- 6M
- 0.16%
- 1Y
- 4.50%
- 3Y*
- 5.34%
- 5Y*
- 1.29%
- 10Y*
- —
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VEMBX vs. VGCIX - Expense Ratio Comparison
VEMBX has a 0.55% expense ratio, which is higher than VGCIX's 0.35% expense ratio.
Return for Risk
VEMBX vs. VGCIX — Risk / Return Rank
VEMBX
VGCIX
VEMBX vs. VGCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX) and Vanguard Global Credit Bond Fund Investor Shares (VGCIX). 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 | VGCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.87 | 1.29 | +0.58 |
Sortino ratioReturn per unit of downside risk | 2.69 | 1.81 | +0.88 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.23 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.71 | +0.55 |
Martin ratioReturn relative to average drawdown | 10.41 | 6.85 | +3.57 |
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 | VGCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.29 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.25 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.75 | +0.26 |
Correlation
The correlation between VEMBX and VGCIX is 0.64, 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. VGCIX - Dividend Comparison
VEMBX's dividend yield for the trailing twelve months is around 5.69%, more than VGCIX's 3.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEMBX Vanguard Emerging Markets Bond Fund Investor Shares | 5.69% | 6.20% | 6.86% | 7.06% | 5.43% | 5.00% | 4.50% | 6.27% | 4.81% | 6.50% |
VGCIX Vanguard Global Credit Bond Fund Investor Shares | 3.82% | 4.82% | 4.54% | 4.38% | 2.61% | 3.05% | 4.55% | 6.77% | 0.35% | 0.00% |
Drawdowns
VEMBX vs. VGCIX - Drawdown Comparison
The maximum VEMBX drawdown since its inception was -24.36%, which is greater than VGCIX's maximum drawdown of -18.69%. Use the drawdown chart below to compare losses from any high point for VEMBX and VGCIX.
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Drawdown Indicators
| VEMBX | VGCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.36% | -18.69% | -5.67% |
Max Drawdown (1Y)Largest decline over 1 year | -4.26% | -2.95% | -1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -24.36% | -18.69% | -5.67% |
Current DrawdownCurrent decline from peak | -3.77% | -2.54% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -4.52% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.74% | +0.18% |
Volatility
VEMBX vs. VGCIX - Volatility Comparison
Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX) has a higher volatility of 2.03% compared to Vanguard Global Credit Bond Fund Investor Shares (VGCIX) at 1.61%. This indicates that VEMBX's price experiences larger fluctuations and is considered to be riskier than VGCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEMBX | VGCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.03% | 1.61% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.32% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.06% | 3.59% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 5.11% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.37% | 4.92% | +1.45% |