VWOB vs. EMHY
Compare and contrast key facts about Vanguard Emerging Markets Government Bond ETF (VWOB) and iShares J.P. Morgan EM High Yield Bond ETF (EMHY).
VWOB and EMHY 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. EMHY is a passively managed fund by iShares that tracks the performance of the J.P. Morgan USD Emerging Markets High Yield Bond Index. It was launched on Apr 3, 2012. Both VWOB and EMHY 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 EMHY.
Correlation
The correlation between VWOB and EMHY is 0.80, 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.
Performance
VWOB vs. EMHY - Performance Comparison
Key characteristics
VWOB:
0.83
EMHY:
2.01
VWOB:
1.18
EMHY:
2.85
VWOB:
1.15
EMHY:
1.37
VWOB:
0.44
EMHY:
1.50
VWOB:
3.86
EMHY:
14.69
VWOB:
1.47%
EMHY:
0.87%
VWOB:
6.83%
EMHY:
6.37%
VWOB:
-26.97%
EMHY:
-30.11%
VWOB:
-5.56%
EMHY:
-1.68%
Returns By Period
In the year-to-date period, VWOB achieves a 5.59% return, which is significantly lower than EMHY's 12.12% return. Over the past 10 years, VWOB has underperformed EMHY with an annualized return of 3.01%, while EMHY has yielded a comparatively higher 4.27% annualized return.
VWOB
5.59%
-0.66%
3.37%
5.71%
0.12%
3.01%
EMHY
12.12%
-0.42%
6.23%
12.27%
2.14%
4.27%
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VWOB vs. EMHY - Expense Ratio Comparison
VWOB has a 0.20% expense ratio, which is lower than EMHY's 0.50% expense ratio.
Risk-Adjusted Performance
VWOB vs. EMHY - 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 EM High Yield Bond ETF (EMHY). 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. EMHY - Dividend Comparison
VWOB's dividend yield for the trailing twelve months is around 5.52%, less than EMHY's 6.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWOB Vanguard Emerging Markets Government Bond ETF | 5.52% | 5.50% | 5.31% | 4.04% | 4.18% | 4.58% | 4.53% | 4.61% | 4.71% | 4.93% | 4.49% | 2.39% |
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 6.59% | 6.73% | 7.08% | 5.59% | 5.44% | 5.72% | 6.80% | 5.59% | 6.43% | 6.99% | 6.37% | 6.03% |
Drawdowns
VWOB vs. EMHY - Drawdown Comparison
The maximum VWOB drawdown since its inception was -26.97%, smaller than the maximum EMHY drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for VWOB and EMHY. For additional features, visit the drawdowns tool.
Volatility
VWOB vs. EMHY - Volatility Comparison
Vanguard Emerging Markets Government Bond ETF (VWOB) has a higher volatility of 2.18% compared to iShares J.P. Morgan EM High Yield Bond ETF (EMHY) at 1.86%. This indicates that VWOB's price experiences larger fluctuations and is considered to be riskier than EMHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.