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

Vanguard Emerging Markets Government Bond Index Fund ETF Shares is an International Bonds fund issued by Vanguard with $6.58 billion in assets under management. It holds the second position among eight peers in its category and ranks 274th out of 458 tracked ETFs overall. The fund carries an ETFValuer grade of C with a score of 57.0 out of 100. Its 0.15% expense ratio sits below the category median of 0.37%, while its 6.15% dividend yield exceeds the median of 5.06%. The top ten holdings comprise only 6.5% of assets, with the largest single position being the Argentine Republic Government International Bond at 1.2%.

The fund’s price of $63.13 rests at 11.9% of its 52-week range, indicating it is near the lower end of recent trading levels. Short-term returns show divergence, with a 1M loss of 3.21% contrasting against a 1Y gain of 0.11%, which outperforms the category median of -1.33%. Longer-term performance is stronger, evidenced by a 3Y return of 29.96%. The ETFValuer grade has remained unchanged at C across the last 35 tracked days. Historical data is available for 3.0 years.

With an annualised volatility of 5.53%, the fund is classified as Very Low. Its beta of 1.12 suggests it moves 112% as much as the broader market. A Sharpe ratio of -0.88 indicates that risk-adjusted returns have been negative relative to the risk-free rate. The maximum drawdown recorded is -5.20%. Liquidity is supported by an average daily volume of 538,047 shares.

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

VWOB Top Holdings

Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 6.5% 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 — VEA overlaps most, holding 1 of the same companies as VWOB's top 10 (1.0% 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: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 3.03% (as of 2026-10-06) — 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: 121.38 (as of 2026-10-02) — 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: Average daily volume is 538K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $6.58B 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