VWOB vs. EMB
Compare and contrast key facts about Vanguard Emerging Markets Government Bond ETF (VWOB) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB).
VWOB and EMB 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. EMB is a passively managed fund by iShares that tracks the performance of the JPMorgan EMBI Global Core Index. It was launched on Dec 17, 2007. Both VWOB and EMB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWOB or EMB.
Performance
VWOB vs. EMB - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with VWOB having a 6.28% return and EMB slightly higher at 6.56%. Over the past 10 years, VWOB has outperformed EMB with an annualized return of 2.81%, while EMB has yielded a comparatively lower 2.47% annualized return.
VWOB
6.28%
0.28%
5.27%
12.40%
0.71%
2.81%
EMB
6.56%
0.17%
5.33%
12.33%
0.33%
2.47%
Key characteristics
| VWOB | EMB | |
|---|---|---|
| Sharpe Ratio | 1.83 | 1.72 |
| Sortino Ratio | 2.67 | 2.49 |
| Omega Ratio | 1.33 | 1.30 |
| Calmar Ratio | 0.83 | 0.75 |
| Martin Ratio | 9.23 | 8.97 |
| Ulcer Index | 1.41% | 1.44% |
| Daily Std Dev | 7.09% | 7.50% |
| Max Drawdown | -26.97% | -34.70% |
| Current Drawdown | -4.94% | -6.66% |
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VWOB vs. EMB - Expense Ratio Comparison
VWOB has a 0.20% expense ratio, which is lower than EMB's 0.39% expense ratio.
Correlation
The correlation between VWOB and EMB is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
VWOB vs. EMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Government Bond ETF (VWOB) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). 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.
Dividends
VWOB vs. EMB - Dividend Comparison
VWOB's dividend yield for the trailing twelve months is around 5.84%, more than EMB's 4.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWOB Vanguard Emerging Markets Government Bond ETF | 5.84% | 5.50% | 5.31% | 4.04% | 4.18% | 4.58% | 4.53% | 4.61% | 4.71% | 4.93% | 4.49% | 2.39% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 4.93% | 4.74% | 5.04% | 3.90% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% | 4.56% | 4.75% |
Drawdowns
VWOB vs. EMB - Drawdown Comparison
The maximum VWOB drawdown since its inception was -26.97%, smaller than the maximum EMB drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for VWOB and EMB. For additional features, visit the drawdowns tool.
Volatility
VWOB vs. EMB - Volatility Comparison
The current volatility for Vanguard Emerging Markets Government Bond ETF (VWOB) is 1.78%, while iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a volatility of 1.88%. This indicates that VWOB experiences smaller price fluctuations and is considered to be less risky than EMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.