VWOB vs. FEDCX
Compare and contrast key facts about Vanguard Emerging Markets Government Bond ETF (VWOB) and Fidelity Series Emerging Markets Debt Fund (FEDCX).
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. FEDCX is managed by Fidelity. It was launched on Mar 17, 2011.
Performance
VWOB vs. FEDCX - Performance Comparison
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VWOB vs. FEDCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWOB Vanguard Emerging Markets Government Bond ETF | -1.27% | 13.49% | 5.20% | 10.68% | -17.39% | -1.80% | 5.65% | 14.46% | -2.92% | 8.41% |
FEDCX Fidelity Series Emerging Markets Debt Fund | -1.01% | 14.91% | 7.39% | 11.92% | -16.08% | -1.28% | 4.78% | 10.50% | -4.55% | 10.59% |
Returns By Period
In the year-to-date period, VWOB achieves a -1.27% return, which is significantly lower than FEDCX's -1.01% return. Over the past 10 years, VWOB has underperformed FEDCX with an annualized return of 3.49%, while FEDCX has yielded a comparatively higher 4.29% annualized return.
VWOB
- 1D
- 0.37%
- 1M
- -2.64%
- YTD
- -1.27%
- 6M
- 1.07%
- 1Y
- 8.63%
- 3Y*
- 8.17%
- 5Y*
- 2.10%
- 10Y*
- 3.49%
FEDCX
- 1D
- 0.36%
- 1M
- -3.24%
- YTD
- -1.01%
- 6M
- 2.49%
- 1Y
- 10.61%
- 3Y*
- 10.40%
- 5Y*
- 3.39%
- 10Y*
- 4.29%
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VWOB vs. FEDCX - Expense Ratio Comparison
VWOB has a 0.20% expense ratio, which is higher than FEDCX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VWOB vs. FEDCX — Risk / Return Rank
VWOB
FEDCX
VWOB vs. FEDCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Government Bond ETF (VWOB) and Fidelity Series Emerging Markets Debt Fund (FEDCX). 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 | FEDCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 2.13 | -0.79 |
Sortino ratioReturn per unit of downside risk | 1.84 | 3.01 | -1.17 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.45 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.35 | -0.35 |
Martin ratioReturn relative to average drawdown | 8.18 | 10.10 | -1.92 |
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 | FEDCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 2.13 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.54 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.65 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.71 | -0.32 |
Correlation
The correlation between VWOB and FEDCX is 0.68, 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. FEDCX - Dividend Comparison
VWOB's dividend yield for the trailing twelve months is around 5.96%, more than FEDCX's 5.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWOB Vanguard Emerging Markets Government Bond ETF | 5.96% | 5.92% | 6.08% | 5.50% | 5.30% | 4.04% | 4.18% | 4.58% | 4.52% | 4.61% | 4.71% | 4.93% |
FEDCX Fidelity Series Emerging Markets Debt Fund | 5.51% | 5.97% | 5.18% | 5.55% | 3.84% | 3.81% | 4.99% | 5.89% | 6.08% | 7.33% | 7.03% | 5.61% |
Drawdowns
VWOB vs. FEDCX - Drawdown Comparison
The maximum VWOB drawdown since its inception was -26.98%, roughly equal to the maximum FEDCX drawdown of -26.00%. Use the drawdown chart below to compare losses from any high point for VWOB and FEDCX.
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Drawdown Indicators
| VWOB | FEDCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.98% | -26.00% | -0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -4.76% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -26.98% | -26.00% | -0.98% |
Max Drawdown (10Y)Largest decline over 10 years | -26.98% | -26.00% | -0.98% |
Current DrawdownCurrent decline from peak | -3.12% | -3.73% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -4.40% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.14% | -0.04% |
Volatility
VWOB vs. FEDCX - Volatility Comparison
Vanguard Emerging Markets Government Bond ETF (VWOB) has a higher volatility of 2.95% compared to Fidelity Series Emerging Markets Debt Fund (FEDCX) at 1.92%. This indicates that VWOB's price experiences larger fluctuations and is considered to be riskier than FEDCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWOB | FEDCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 1.92% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.75% | 3.07% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.52% | 5.22% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.17% | 6.27% | +2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.32% | 6.59% | +2.73% |