VTILX vs. VWOB
VTILX (Vanguard Total International Bond II Index Fund) and VWOB (Vanguard Emerging Markets Government Bond ETF) are both funds - VTILX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged), while VWOB is a Emerging Markets Bonds fund tracking the Bloomberg USD Emerging Markets Government RIC Capped Index. Both are passively managed. Over the past 5 years, VTILX returned -0.02%/yr vs 1.67%/yr for VWOB. Their 0.59 correlation means they have sometimes moved together and sometimes differently. VTILX charges 0.07%/yr vs 0.15%/yr for VWOB.
Performance
VTILX vs. VWOB - Performance Comparison
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Returns By Period
In the year-to-date period, VTILX achieves a 0.25% return, which is significantly lower than VWOB's 0.51% return.
VTILX
- 1D
- 0.04%
- 1M
- -0.77%
- 6M
- -0.17%
- YTD
- 0.25%
- 1Y
- 1.28%
- 3Y*
- 3.99%
- 5Y*
- -0.02%
- 10Y*
- —
- ALL TIME*
- 0.36%
VWOB
- 1D
- -0.05%
- 1M
- -1.73%
- 6M
- 0.17%
- YTD
- 0.51%
- 1Y
- 6.22%
- 3Y*
- 8.10%
- 5Y*
- 1.67%
- 10Y*
- 3.04%
- ALL TIME*
- 3.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $31.27M | $31.92M | $36.19M |
VTILX vs. VWOB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VTILX Vanguard Total International Bond II Index Fund | 0.25% | 2.96% | 3.91% | 8.85% | -13.01% | 0.38% |
VWOB Vanguard Emerging Markets Government Bond ETF | 0.51% | 13.49% | 5.20% | 10.68% | -17.39% | 1.51% |
Correlation
The correlation between VTILX and VWOB is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021 | 0.59 |
The correlation between VTILX and VWOB has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.
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Return for Risk
VTILX vs. VWOB — Risk / Return Rank
VTILX
VWOB
VTILX vs. VWOB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond II Index Fund (VTILX) 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.
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.
| VTILX | VWOB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.23 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 1.47 | -0.97 |
| Martin ratioReturn relative to average drawdown | 1.26 | 5.83 | -4.58 |
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Drawdowns
VTILX vs. VWOB - Drawdown Comparison
The maximum VTILX drawdown since its inception was -15.85%, smaller than the maximum VWOB drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for VTILX and VWOB.
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Drawdown Indicators
| VTILX | VWOB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -26.98% | +11.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -4.48% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -2.90% | -6.65% | +3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -15.85% | -26.98% | +11.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.98% | — |
Current DrawdownCurrent decline from peak | -1.60% | -1.97% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -4.75% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.12% | +0.01% |
Volatility
VTILX vs. VWOB - Volatility Comparison
The current volatility for Vanguard Total International Bond II Index Fund (VTILX) is 0.85%, while Vanguard Emerging Markets Government Bond ETF (VWOB) has a volatility of 1.35%. This indicates that VTILX 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
| VTILX | VWOB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 1.35% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 4.48% | -1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 5.31% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 9.20% | -4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.33% | 9.34% | -5.01% |
VTILX vs. VWOB - Expense Ratio Comparison
VTILX has a 0.07% expense ratio, which is lower than VWOB's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VTILX vs. VWOB - Dividend Comparison
VTILX's dividend yield for the trailing twelve months is around 4.18%, less than VWOB's 5.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTILX Vanguard Total International Bond II Index Fund | 4.18% | 4.27% | 4.52% | 4.22% | 0.94% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.34% | 5.92% | 6.08% | 5.50% | 5.30% | 4.04% | 4.18% | 4.58% | 4.52% | 4.61% | 4.71% | 4.93% |
Frequently Asked Questions
VTILX and VWOB have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWOB has higher volatility (1.35%) compared to VTILX (0.85%). In terms of maximum drawdown, VTILX dropped -15.85% vs VWOB's -26.98%.
VWOB currently has the higher Sharpe Ratio (1.24 vs 0.46), 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.
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