VWOB — Vanguard Emerging Markets Government Bond Index Fund ETF Shares

VWOB Price Performance — Growth of $10,000

Value of a $10,000 investment in VWOB over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

VWOB Drawdown

The "underwater" chart: VWOB's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Vanguard Emerging Markets Government Bond Index Fund ETF Shares is an international bond ETF managed by Vanguard, one of the largest and most reputable fund issuers. This fund is ranked #267 out of 458 tracked ETFs across all categories, indicating a moderate position in the market. With an expense ratio of 0.15%, it is relatively cost-effective, and its dividend yield of 5.93% provides a steady income stream for investors. The fund's price of $65.91 and assets under management (AUM) of $6.68B suggest a moderate level of investor adoption, as it is neither the sole nor the most popular fund in its category.

The fund's performance shows a mixed pattern across different time horizons. In the short term, it has seen slight gains, with a 1-day return of +0.05% and a 1-week return of -0.33%. However, over the longer term, the fund has demonstrated more consistent growth, with a 1-month return of +0.82%, a 3-month return of +1.01%, and a 6-month return of -0.64%. The 1-year return of +5.62% and the 3-year return of +29.15% indicate a strong upward trend, suggesting that the fund has performed well over the past few years, particularly in the longer term.

The fund's volatility label of 'Very Low' and a beta of 1.12 suggest that it is less volatile than the market and has a slightly higher sensitivity to market movements. The Sharpe ratio of 0.12 indicates a modest risk-adjusted return, meaning that the fund's returns are not significantly higher than the risk-free rate relative to its volatility. The maximum drawdown of -6.40% reflects the fund's potential for significant losses during market downturns, though it is relatively low compared to many other funds. Overall, the combination of these figures suggests that the fund is suitable for investors who are looking for a bond investment with moderate risk and potential for steady growth, particularly in a market environment where interest rates are stable or rising.

AI-generated summary based on the data on this page.

VWOB Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 6.0% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how VWOB's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With VWOB

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with VWOB's top 10 — EMHY overlaps most, holding 1 of the same companies as VWOB's top 10 (1.1% of VWOB's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.69% (as of 2026-08-20) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 16.01 (as of 2026-08-20) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 2.75% (as of 2026-08-20) — The extra yield investors demand to hold high-yield corporate bonds over Treasuries — a real-time gauge of credit risk appetite relevant to this fund’s holdings.

Trade-Weighted US Dollar Index: 118.90 (as of 2026-08-14) — Measures the US dollar’s strength against major trading-partner currencies — dollar moves directly affect the US-dollar value of this fund’s international holdings.

VWOB Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.18% and average daily volume is 530K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $6.68B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VWOB is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

VWOB Performance History

How VWOB Compares to Other International Bonds ETFs