VGIVX vs. VOO
Compare and contrast key facts about Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX) and Vanguard S&P 500 ETF (VOO).
VGIVX is managed by Vanguard. It was launched on Feb 11, 2015. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
VGIVX vs. VOO - Performance Comparison
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VGIVX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 8.47% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, VGIVX achieves a -2.20% return, which is significantly higher than VOO's -4.42% return. Over the past 10 years, VGIVX has underperformed VOO with an annualized return of 3.50%, while VOO has yielded a comparatively higher 14.05% annualized return.
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%
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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VGIVX vs. VOO - Expense Ratio Comparison
VGIVX has a 0.18% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VGIVX vs. VOO — Risk / Return Rank
VGIVX
VOO
VGIVX vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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.
| VGIVX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.86 | 0.98 | +0.88 |
Sortino ratioReturn per unit of downside risk | 2.65 | 1.50 | +1.16 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.23 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.13 | 1.53 | +0.60 |
Martin ratioReturn relative to average drawdown | 8.84 | 7.29 | +1.55 |
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
| VGIVX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 0.98 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.70 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.78 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.83 | -0.19 |
Correlation
The correlation between VGIVX and VOO is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VGIVX vs. VOO - Dividend Comparison
VGIVX's dividend yield for the trailing twelve months is around 5.51%, more than VOO's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
VGIVX vs. VOO - Drawdown Comparison
The maximum VGIVX drawdown since its inception was -26.79%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VGIVX and VOO.
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Drawdown Indicators
| VGIVX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.79% | -33.99% | +7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -11.98% | +8.05% |
Max Drawdown (5Y)Largest decline over 5 years | -26.79% | -24.52% | -2.27% |
Max Drawdown (10Y)Largest decline over 10 years | -26.79% | -33.99% | +7.20% |
Current DrawdownCurrent decline from peak | -3.90% | -6.29% | +2.39% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -3.72% | -1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.52% | -1.57% |
Volatility
VGIVX vs. VOO - Volatility Comparison
The current volatility for Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX) is 1.87%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.29%. This indicates that VGIVX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGIVX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 5.29% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 9.44% | -6.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 18.10% | -13.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 16.82% | -10.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.33% | 17.99% | -11.66% |