VGAVX vs. VWOB
Compare and contrast key facts about Vanguard Emerging Markets Government Bond Index Fund Admiral Shares (VGAVX) and Vanguard Emerging Markets Government Bond ETF (VWOB).
VGAVX is managed by Vanguard. It was launched on May 31, 2013. 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
VGAVX vs. VWOB - Performance Comparison
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VGAVX vs. VWOB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGAVX Vanguard Emerging Markets Government Bond Index Fund Admiral Shares | -1.88% | 12.98% | 6.27% | 10.44% | -16.68% | -1.74% | 5.82% | 14.01% | -2.77% | 8.45% |
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% | 8.41% |
Returns By Period
In the year-to-date period, VGAVX achieves a -1.88% return, which is significantly lower than VWOB's -1.27% return. Both investments have delivered pretty close results over the past 10 years, with VGAVX having a 3.59% annualized return and VWOB not far behind at 3.49%.
VGAVX
- 1D
- 0.36%
- 1M
- -3.00%
- YTD
- -1.88%
- 6M
- 0.74%
- 1Y
- 8.07%
- 3Y*
- 8.36%
- 5Y*
- 2.22%
- 10Y*
- 3.59%
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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VGAVX vs. VWOB - Expense Ratio Comparison
Both VGAVX and VWOB have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
VGAVX vs. VWOB — Risk / Return Rank
VGAVX
VWOB
VGAVX vs. VWOB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Government Bond Index Fund Admiral Shares (VGAVX) 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.
| VGAVX | VWOB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.88 | 1.33 | +0.55 |
Sortino ratioReturn per unit of downside risk | 2.66 | 1.84 | +0.83 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.28 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.00 | +0.16 |
Martin ratioReturn relative to average drawdown | 8.81 | 8.18 | +0.63 |
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
| VGAVX | VWOB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.33 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.23 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.37 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.39 | +0.25 |
Correlation
The correlation between VGAVX and VWOB 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
VGAVX vs. VWOB - Dividend Comparison
VGAVX's dividend yield for the trailing twelve months is around 5.42%, less than VWOB's 5.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGAVX Vanguard Emerging Markets Government Bond Index Fund Admiral Shares | 5.42% | 5.88% | 6.56% | 5.50% | 5.29% | 4.27% | 4.20% | 4.60% | 4.54% | 4.62% | 4.73% | 4.94% |
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
VGAVX vs. VWOB - Drawdown Comparison
The maximum VGAVX drawdown since its inception was -26.77%, roughly equal to the maximum VWOB drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for VGAVX and VWOB.
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Drawdown Indicators
| VGAVX | VWOB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.77% | -26.98% | +0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -4.48% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -26.77% | -26.98% | +0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -26.77% | -26.98% | +0.21% |
Current DrawdownCurrent decline from peak | -3.57% | -3.12% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -4.83% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.10% | -0.13% |
Volatility
VGAVX vs. VWOB - Volatility Comparison
The current volatility for Vanguard Emerging Markets Government Bond Index Fund Admiral Shares (VGAVX) is 1.91%, while Vanguard Emerging Markets Government Bond ETF (VWOB) has a volatility of 2.95%. This indicates that VGAVX 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
| VGAVX | VWOB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 2.95% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 3.75% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 6.52% | -2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.27% | 9.17% | -2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 9.32% | -2.97% |