VGIVX vs. AAPL

Last updated Jun 13, 2026

VGIVX (Vanguard Emerging Markets Government Bond Index Fund Institutional Shares) is Government Bonds fund managed by Vanguard, while AAPL (Apple Inc) is a stock. Over the past 10 years, VGIVX returned 3.58%/yr vs 29.36%/yr for AAPL. At a 0.19 correlation, their price movements are largely independent.

Performance

VGIVX vs. AAPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX) and Apple Inc (AAPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGIVX achieves a 1.51% return, which is significantly lower than AAPL's 7.29% return. Over the past 10 years, VGIVX has underperformed AAPL with an annualized return of 3.58%, while AAPL has yielded a comparatively higher 29.36% annualized return.

VGIVX

• 1D: 0.45%
• 1M: 0.71%
• YTD: 1.51%
• 6M: 2.06%
• 1Y: 10.33%
• 3Y*: 9.47%
• 5Y*: 2.07%
• 10Y*: 3.58%

AAPL

• 1D: -1.52%
• 1M: -2.37%
• YTD: 7.29%
• 6M: 4.81%
• 1Y: 48.78%
• 3Y*: 17.21%
• 5Y*: 18.59%
• 10Y*: 29.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VGIVX vs. AAPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGIVX Vanguard Emerging Markets Government Bond Index Fund Institutional Shares	1.51%	13.05%	6.31%	10.48%	-16.72%	-2.41%	5.83%	14.03%	-2.72%	8.47%
AAPL Apple Inc	7.29%	9.05%	30.71%	49.01%	-26.40%	34.65%	82.31%	88.96%	-5.39%	48.46%

Correlation

The correlation between VGIVX and AAPL is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.19

The correlation between VGIVX and AAPL shifts across timeframes, from 0.19 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VGIVX vs. AAPL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VGIVX

VGIVX Risk / Return Rank: 78
VGIVX Sharpe Ratio Rank: 87
VGIVX Sortino Ratio Rank: 89
VGIVX Omega Ratio Rank: 85
VGIVX Calmar Ratio Rank: 65
VGIVX Martin Ratio Rank: 66

AAPL

AAPL Risk / Return Rank: 88
AAPL Sharpe Ratio Rank: 90
AAPL Sortino Ratio Rank: 89
AAPL Omega Ratio Rank: 88
AAPL Calmar Ratio Rank: 86
AAPL Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VGIVX vs. AAPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX) and Apple Inc (AAPL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VGIVX	AAPL	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.07	+0.39
Sortino ratio: Return per unit of downside risk	3.90	2.93	+0.97
Omega ratio: Gain probability vs. loss probability	1.49	1.38	+0.12
Calmar ratio: Return relative to maximum drawdown	2.59	3.40	-0.81
Martin ratio: Return relative to average drawdown	10.36	8.47	+1.89

VGIVX vs. AAPL - Sharpe Ratio Comparison

The current VGIVX Sharpe Ratio is 2.47, which is comparable to the AAPL Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of VGIVX and AAPL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VGIVX vs. AAPL - Drawdown Comparison

The maximum VGIVX drawdown since its inception was -26.79%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for VGIVX and AAPL.

Drawdown Indicators

	VGIVX	AAPL	Difference
Max Drawdown Largest peak-to-trough decline	-26.79%	-81.80%	+55.01%
Max Drawdown (1Y) Largest decline over 1 year	-3.93%	-13.80%	+9.87%
Max Drawdown (3Y) Largest decline over 3 years	-7.14%	-33.36%	+26.22%
Max Drawdown (5Y) Largest decline over 5 years	-26.79%	-33.36%	+6.57%
Max Drawdown (10Y) Largest decline over 10 years	-26.79%	-38.52%	+11.73%
Current Drawdown Current decline from peak	-0.25%	-7.64%	+7.39%
Average Drawdown Average peak-to-trough decline	-4.69%	-29.59%	+24.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	5.53%	-4.55%

Volatility

VGIVX vs. AAPL - Volatility Comparison

The current volatility for Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX) is 1.51%, while Apple Inc (AAPL) has a volatility of 6.73%. This indicates that VGIVX experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGIVX	AAPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.51%	6.73%	-5.22%
Volatility (6M) Calculated over the trailing 6-month period	3.39%	16.53%	-13.14%
Volatility (1Y) Calculated over the trailing 1-year period	4.15%	22.64%	-18.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.30%	27.52%	-21.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.36%	28.92%	-22.56%

Dividends

VGIVX vs. AAPL - Dividend Comparison

VGIVX's dividend yield for the trailing twelve months is around 5.89%, more than AAPL's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAPL Apple Inc	0.36%	0.38%	0.40%	0.49%	0.70%	0.49%	0.61%	1.04%	1.79%	1.45%	1.93%	1.93%
VGIVX Vanguard Emerging Markets Government Bond Index Fund Institutional Shares	5.89%	5.95%	6.58%	5.53%	5.32%	3.53%	4.21%	4.62%	4.62%	4.67%	4.76%	4.55%

Frequently Asked Questions

Can I hold both VGIVX and AAPL in my portfolio?

VGIVX and AAPL have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VGIVX or AAPL?

AAPL has higher volatility (6.73%) compared to VGIVX (1.51%). In terms of maximum drawdown, VGIVX dropped -26.79% vs AAPL's -81.80%.

Which has better risk-adjusted returns?

VGIVX currently has the higher Sharpe Ratio (2.47 vs 2.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.