VWOB vs. STIP
VWOB (Vanguard Emerging Markets Government Bond ETF) and STIP (iShares 0-5 Year TIPS Bond ETF) are both exchange-traded funds - VWOB is a Emerging Markets Bonds fund tracking the Bloomberg USD Emerging Markets Government RIC Capped Index, while STIP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). Both are passively managed. Over the past 10 years, VWOB returned 3.09%/yr vs 3.12%/yr for STIP. At a 0.41 correlation, their price movements are largely independent. VWOB charges 0.15%/yr vs 0.06%/yr for STIP.
Performance
VWOB vs. STIP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VWOB achieves a 1.21% return, which is significantly lower than STIP's 1.80% return. Both investments have delivered pretty close results over the past 10 years, with VWOB having a 3.09% annualized return and STIP not far ahead at 3.12%.
VWOB
- 1D
- -0.09%
- 1M
- -1.23%
- 6M
- 1.71%
- YTD
- 1.21%
- 1Y
- 8.06%
- 3Y*
- 8.36%
- 5Y*
- 1.84%
- 10Y*
- 3.09%
- ALL TIME*
- 3.50%
STIP
- 1D
- -0.05%
- 1M
- 0.25%
- 6M
- 1.81%
- YTD
- 1.80%
- 1Y
- 3.24%
- 3Y*
- 5.10%
- 5Y*
- 3.18%
- 10Y*
- 3.12%
- ALL TIME*
- 2.37%
VWOB vs. STIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWOB Vanguard Emerging Markets Government Bond ETF | 1.21% | 13.49% | 5.20% | 10.68% | -17.39% | -1.80% | 5.65% | 14.46% | -2.92% | 8.41% |
STIP iShares 0-5 Year TIPS Bond ETF | 1.80% | 6.03% | 4.77% | 4.63% | -3.02% | 5.68% | 5.18% | 4.89% | 0.54% | 0.74% |
Correlation
The correlation between VWOB and STIP is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.41 |
The correlation between VWOB and STIP shifts across timeframes, from 0.34 (1 year) to 0.51 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VWOB vs. STIP — Risk / Return Rank
VWOB
STIP
VWOB vs. STIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Government Bond ETF (VWOB) and iShares 0-5 Year TIPS Bond ETF (STIP). 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 | STIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.44 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 4.49 | -2.69 |
| Martin ratioReturn relative to average drawdown | 7.53 | 14.77 | -7.24 |
Loading charts...
Drawdowns
VWOB vs. STIP - Drawdown Comparison
The maximum VWOB drawdown since its inception was -26.98%, which is greater than STIP's maximum drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for VWOB and STIP.
Loading charts...
Drawdown Indicators
| VWOB | STIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.98% | -5.50% | -21.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -0.73% | -3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -7.71% | -0.95% | -6.76% |
Max Drawdown (5Y)Largest decline over 5 years | -26.98% | -5.50% | -21.48% |
Max Drawdown (10Y)Largest decline over 10 years | -26.98% | -5.50% | -21.48% |
Current DrawdownCurrent decline from peak | -1.29% | -0.26% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -0.99% | -3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.22% | +0.85% |
Volatility
VWOB vs. STIP - Volatility Comparison
Vanguard Emerging Markets Government Bond ETF (VWOB) has a higher volatility of 1.19% compared to iShares 0-5 Year TIPS Bond ETF (STIP) at 0.39%. This indicates that VWOB's price experiences larger fluctuations and is considered to be riskier than STIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VWOB | STIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 0.39% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 4.46% | 1.16% | +3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.25% | 1.53% | +3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.19% | 2.74% | +6.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.34% | 2.46% | +6.88% |
VWOB vs. STIP - Expense Ratio Comparison
VWOB has a 0.15% expense ratio, which is higher than STIP's 0.06% 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%.
Dividends
VWOB vs. STIP - Dividend Comparison
VWOB's dividend yield for the trailing twelve months is around 5.89%, more than STIP's 4.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 4.91% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% | 0.00% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.89% | 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 STIP have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWOB has higher volatility (1.19%) compared to STIP (0.39%). In terms of maximum drawdown, VWOB dropped -26.98% vs STIP's -5.50%.
On 10-year performance, STIP leads with 3.12% vs 3.09% for VWOB. On fees, STIP is cheaper at 0.06% per year. On volatility, STIP has been the lower-risk option at 0.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, STIP has performed better with a 3.12% return vs 3.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STIP is cheaper with a 0.06% expense ratio, compared with 0.15% for VWOB.
VWOB has the higher dividend yield at 5.89%, compared with 4.91% for STIP.
VWOB is categorized as Emerging Markets Bonds, while STIP is Inflation-Protected Bonds. VWOB tracks Bloomberg USD Emerging Markets Government RIC Capped Index, while STIP tracks Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.15% for VWOB and 0.06% for STIP.
STIP currently has the higher Sharpe Ratio (2.13 vs 1.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for VWOB and STIP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer