VWOB vs. ELD
Compare and contrast key facts about Vanguard Emerging Markets Government Bond ETF (VWOB) and WisdomTree Emerging Markets Local Debt Fund (ELD).
VWOB and ELD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ELD is an actively managed fund by WisdomTree. It was launched on Aug 9, 2010.
Performance
VWOB vs. ELD - Performance Comparison
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VWOB vs. ELD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWOB Vanguard Emerging Markets Government Bond ETF | -1.63% | 13.49% | 5.20% | 10.68% | -17.39% | -1.80% | 5.65% | 14.46% | -2.92% | 8.41% |
ELD WisdomTree Emerging Markets Local Debt Fund | -3.30% | 21.77% | -4.56% | 14.29% | -9.25% | -9.75% | 1.79% | 12.89% | -7.53% | 12.72% |
Returns By Period
In the year-to-date period, VWOB achieves a -1.63% return, which is significantly higher than ELD's -3.30% return. Over the past 10 years, VWOB has outperformed ELD with an annualized return of 3.45%, while ELD has yielded a comparatively lower 2.39% annualized return.
VWOB
- 1D
- 0.86%
- 1M
- -3.44%
- YTD
- -1.63%
- 6M
- 1.03%
- 1Y
- 8.59%
- 3Y*
- 8.03%
- 5Y*
- 2.02%
- 10Y*
- 3.45%
ELD
- 1D
- 0.47%
- 1M
- -6.54%
- YTD
- -3.30%
- 6M
- -0.28%
- 1Y
- 10.08%
- 3Y*
- 6.57%
- 5Y*
- 2.35%
- 10Y*
- 2.39%
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VWOB vs. ELD - Expense Ratio Comparison
VWOB has a 0.20% expense ratio, which is lower than ELD's 0.55% expense ratio.
Return for Risk
VWOB vs. ELD — Risk / Return Rank
VWOB
ELD
VWOB vs. ELD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Government Bond ETF (VWOB) and WisdomTree Emerging Markets Local Debt Fund (ELD). 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.
| VWOB | ELD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 1.07 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.83 | 1.55 | +0.28 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.21 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 1.73 | +0.24 |
Martin ratioReturn relative to average drawdown | 8.17 | 7.27 | +0.90 |
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
| VWOB | ELD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.07 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.22 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.21 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.10 | +0.29 |
Correlation
The correlation between VWOB and ELD is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VWOB vs. ELD - Dividend Comparison
VWOB's dividend yield for the trailing twelve months is around 5.98%, more than ELD's 5.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWOB Vanguard Emerging Markets Government Bond ETF | 5.98% | 5.92% | 6.08% | 5.50% | 5.30% | 4.04% | 4.18% | 4.58% | 4.52% | 4.61% | 4.71% | 4.93% |
ELD WisdomTree Emerging Markets Local Debt Fund | 5.86% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
Drawdowns
VWOB vs. ELD - Drawdown Comparison
The maximum VWOB drawdown since its inception was -26.98%, smaller than the maximum ELD drawdown of -31.92%. Use the drawdown chart below to compare losses from any high point for VWOB and ELD.
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Drawdown Indicators
| VWOB | ELD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.98% | -31.92% | +4.94% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -7.15% | +2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -26.98% | -23.56% | -3.42% |
Max Drawdown (10Y)Largest decline over 10 years | -26.98% | -25.15% | -1.83% |
Current DrawdownCurrent decline from peak | -3.47% | -6.64% | +3.17% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -13.43% | +8.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.70% | -0.62% |
Volatility
VWOB vs. ELD - Volatility Comparison
The current volatility for Vanguard Emerging Markets Government Bond ETF (VWOB) is 2.92%, while WisdomTree Emerging Markets Local Debt Fund (ELD) has a volatility of 4.06%. This indicates that VWOB experiences smaller price fluctuations and is considered to be less risky than ELD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWOB | ELD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 4.06% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 5.92% | -2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.51% | 9.66% | -3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.17% | 10.83% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.33% | 11.27% | -1.94% |