VWOB vs. BREM
VWOB (Vanguard Emerging Markets Government Bond ETF) and BREM (iShares Emerging Markets Bond Active ETF) are both Emerging Markets Bonds funds. VWOB is passively managed, while BREM is actively managed. Their correlation of 0.84 suggests significant overlap in exposure. VWOB charges 0.15%/yr vs 0.50%/yr for BREM.
Performance
VWOB vs. BREM - Performance Comparison
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Returns By Period
In the year-to-date period, VWOB achieves a 2.09% return, which is significantly lower than BREM's 3.99% return.
VWOB
- 1D
- -0.37%
- 1M
- 1.81%
- YTD
- 2.09%
- 6M
- 2.11%
- 1Y
- 10.57%
- 3Y*
- 9.07%
- 5Y*
- 2.13%
- 10Y*
- 3.52%
BREM
- 1D
- -0.38%
- 1M
- 1.73%
- YTD
- 3.99%
- 6M
- 4.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VWOB vs. BREM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VWOB Vanguard Emerging Markets Government Bond ETF | 2.09% | 1.85% |
BREM iShares Emerging Markets Bond Active ETF | 3.99% | 2.80% |
Correlation
The correlation between VWOB and BREM is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 16, 2025 | 0.84 |
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Return for Risk
VWOB vs. BREM — Risk / Return Rank
VWOB
BREM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VWOB vs. BREM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Government Bond ETF (VWOB) and iShares Emerging Markets Bond Active ETF (BREM). 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.
| VWOB | BREM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | — | — |
| Martin ratioReturn relative to average drawdown | 9.98 | — | — |
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Drawdowns
VWOB vs. BREM - Drawdown Comparison
The maximum VWOB drawdown since its inception was -26.98%, which is greater than BREM's maximum drawdown of -4.54%. Use the drawdown chart below to compare losses from any high point for VWOB and BREM.
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Drawdown Indicators
| VWOB | BREM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.98% | -4.54% | -22.44% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -7.71% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.98% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.38% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -0.63% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | — | — |
Volatility
VWOB vs. BREM - Volatility Comparison
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Volatility by Period
| VWOB | BREM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 5.62% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.19% | 5.62% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.35% | 5.62% | +3.73% |
VWOB vs. BREM - Expense Ratio Comparison
VWOB has a 0.15% expense ratio, which is lower than BREM's 0.50% expense ratio.
Dividends
VWOB vs. BREM - Dividend Comparison
VWOB's dividend yield for the trailing twelve months is around 5.81%, more than BREM's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BREM iShares Emerging Markets Bond Active ETF | 3.88% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.81% | 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
VWOB and BREM have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWOB is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWOB is cheaper with a 0.15% expense ratio, compared with 0.50% for BREM.
VWOB has the higher dividend yield at 5.81%, compared with 3.88% for BREM.
They also come from different issuers: Vanguard and BlackRock. Their fees differ too: 0.15% for VWOB and 0.50% for BREM.
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