VEMBX vs. VGIVX
Compare and contrast key facts about Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX) and Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX).
VEMBX is managed by Vanguard. It was launched on Mar 10, 2016. VGIVX is managed by Vanguard. It was launched on Feb 11, 2015.
Performance
VEMBX vs. VGIVX - Performance Comparison
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VEMBX vs. VGIVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEMBX Vanguard Emerging Markets Bond Fund Investor Shares | -1.87% | 14.32% | 7.38% | 13.66% | -13.18% | -1.53% | 14.99% | 17.72% | -0.89% | 13.12% |
VGIVX Vanguard Emerging Markets Government Bond Index Fund Institutional Shares | -2.20% | 13.05% | 6.31% | 10.48% | -16.72% | -2.41% | 5.83% | 14.03% | -2.72% | 8.30% |
Returns By Period
In the year-to-date period, VEMBX achieves a -1.87% return, which is significantly higher than VGIVX's -2.20% return.
VEMBX
- 1D
- -0.10%
- 1M
- -3.68%
- YTD
- -1.87%
- 6M
- 1.55%
- 1Y
- 9.39%
- 3Y*
- 10.11%
- 5Y*
- 4.06%
- 10Y*
- —
VGIVX
- 1D
- 0.04%
- 1M
- -3.76%
- YTD
- -2.20%
- 6M
- 0.55%
- 1Y
- 8.13%
- 3Y*
- 8.28%
- 5Y*
- 2.22%
- 10Y*
- 3.50%
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VEMBX vs. VGIVX - Expense Ratio Comparison
VEMBX has a 0.55% expense ratio, which is higher than VGIVX's 0.18% expense ratio.
Return for Risk
VEMBX vs. VGIVX — Risk / Return Rank
VEMBX
VGIVX
VEMBX vs. VGIVX - 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 Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX). 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 | VGIVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.87 | 1.86 | 0.00 |
Sortino ratioReturn per unit of downside risk | 2.69 | 2.65 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.38 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.13 | +0.13 |
Martin ratioReturn relative to average drawdown | 10.41 | 8.84 | +1.57 |
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 | VGIVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.86 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.36 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.65 | +0.37 |
Correlation
The correlation between VEMBX and VGIVX is 0.94, 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. VGIVX - Dividend Comparison
VEMBX's dividend yield for the trailing twelve months is around 5.69%, more than VGIVX's 5.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VGIVX Vanguard Emerging Markets Government Bond Index Fund Institutional Shares | 5.51% | 5.95% | 6.58% | 5.53% | 5.32% | 3.53% | 4.21% | 4.62% | 4.62% | 4.67% | 4.76% | 4.55% |
Drawdowns
VEMBX vs. VGIVX - Drawdown Comparison
The maximum VEMBX drawdown since its inception was -24.36%, smaller than the maximum VGIVX drawdown of -26.79%. Use the drawdown chart below to compare losses from any high point for VEMBX and VGIVX.
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Drawdown Indicators
| VEMBX | VGIVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.36% | -26.79% | +2.43% |
Max Drawdown (1Y)Largest decline over 1 year | -4.26% | -3.93% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -24.36% | -26.79% | +2.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.79% | — |
Current DrawdownCurrent decline from peak | -3.77% | -3.90% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -4.75% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.95% | -0.03% |
Volatility
VEMBX vs. VGIVX - Volatility Comparison
Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX) has a higher volatility of 2.03% compared to Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX) at 1.87%. This indicates that VEMBX's price experiences larger fluctuations and is considered to be riskier than VGIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEMBX | VGIVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.03% | 1.87% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.70% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.06% | 4.48% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 6.25% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.37% | 6.33% | +0.04% |