VEMBX vs. VWOB
Compare and contrast key facts about Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX) and Vanguard Emerging Markets Government Bond ETF (VWOB).
VEMBX is managed by Vanguard. It was launched on Mar 10, 2016. VWOB is a passively managed fund by Vanguard that tracks the performance of the Barclays USD Emerging Markets Government RIC Capped Index. It was launched on May 31, 2013.
Performance
VEMBX vs. VWOB - Performance Comparison
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VEMBX vs. VWOB - 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% |
VWOB Vanguard Emerging Markets Government Bond ETF | -1.27% | 13.49% | 5.20% | 10.68% | -17.39% | -1.80% | 5.65% | 14.46% | -2.92% | 8.05% |
Returns By Period
In the year-to-date period, VEMBX achieves a -1.40% return, which is significantly lower than VWOB's -1.27% return.
VEMBX
- 1D
- 0.48%
- 1M
- -2.88%
- YTD
- -1.40%
- 6M
- 1.85%
- 1Y
- 9.48%
- 3Y*
- 10.29%
- 5Y*
- 4.09%
- 10Y*
- —
VWOB
- 1D
- 0.37%
- 1M
- -2.64%
- YTD
- -1.27%
- 6M
- 1.07%
- 1Y
- 8.63%
- 3Y*
- 8.17%
- 5Y*
- 2.10%
- 10Y*
- 3.49%
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VEMBX vs. VWOB - Expense Ratio Comparison
VEMBX has a 0.55% expense ratio, which is higher than VWOB's 0.20% expense ratio.
Return for Risk
VEMBX vs. VWOB — Risk / Return Rank
VEMBX
VWOB
VEMBX vs. VWOB - 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 ETF (VWOB). 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 | VWOB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.96 | 1.33 | +0.63 |
Sortino ratioReturn per unit of downside risk | 2.83 | 1.84 | +0.99 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.28 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.00 | +0.33 |
Martin ratioReturn relative to average drawdown | 10.49 | 8.18 | +2.31 |
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 | VWOB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 1.33 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.23 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.39 | +0.63 |
Correlation
The correlation between VEMBX and VWOB is 0.72, 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. VWOB - Dividend Comparison
VEMBX's dividend yield for the trailing twelve months is around 5.66%, less than VWOB's 5.96% 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% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.96% | 5.92% | 6.08% | 5.50% | 5.30% | 4.04% | 4.18% | 4.58% | 4.52% | 4.61% | 4.71% | 4.93% |
Drawdowns
VEMBX vs. VWOB - Drawdown Comparison
The maximum VEMBX drawdown since its inception was -24.36%, smaller than the maximum VWOB drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for VEMBX and VWOB.
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Drawdown Indicators
| VEMBX | VWOB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.36% | -26.98% | +2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -4.16% | -4.48% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -24.36% | -26.98% | +2.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.98% | — |
Current DrawdownCurrent decline from peak | -3.30% | -3.12% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -4.83% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.10% | -0.15% |
Volatility
VEMBX vs. VWOB - Volatility Comparison
The current volatility for Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX) is 2.13%, while Vanguard Emerging Markets Government Bond ETF (VWOB) has a volatility of 2.95%. This indicates that VEMBX experiences smaller price fluctuations and is considered to be less risky than VWOB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEMBX | VWOB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 2.95% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 3.75% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 6.52% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 9.17% | -2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.37% | 9.32% | -2.95% |