Vanguard Emerging Markets Government Bond ETF (VWOB)
Bonds · Emerging Markets · data since 2013-06-04 · last close 2026-10-02
Vanguard Emerging Markets Government Bond ETF (VWOB) monthly returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.3 | 1.5 | -3.4 | 2.4 | 1.0 | 0.5 | -1.6 | 0.2 | -4.3 | -0.1 | · | · |
| 2025 | 1.6 | 2.1 | -0.9 | -0.2 | 1.1 | 2.5 | 0.7 | 1.7 | 1.5 | 2.1 | 0.4 | 0.2 |
| 2024 | -1.2 | 0.4 | 2.0 | -2.1 | 2.4 | -0.2 | 2.5 | 2.4 | 2.1 | -2.4 | 1.8 | -2.2 |
| 2023 | 4.0 | -2.7 | 1.9 | 0.2 | -1.2 | 2.4 | 1.5 | -1.7 | -3.4 | -1.4 | 6.3 | 4.9 |
| 2022 | -3.3 | -4.9 | -1.4 | -6.5 | 1.1 | -6.1 | 4.3 | -2.8 | -6.3 | 0.0 | 9.5 | -1.3 |
| 2021 | -1.7 | -2.7 | -0.9 | 2.1 | 1.1 | 0.8 | 0.6 | 0.8 | -2.3 | -0.0 | -1.6 | 2.2 |
| 2020 | 1.4 | -1.4 | -12.8 | 2.9 | 6.2 | 2.4 | 3.8 | 0.9 | -2.1 | -0.3 | 4.0 | 2.1 |
| 2019 | 3.6 | 0.6 | 1.5 | 0.3 | 0.4 | 3.3 | 1.2 | 0.7 | -0.5 | 0.5 | -0.6 | 2.7 |
| 2018 | -0.5 | -1.7 | 0.5 | -1.5 | -0.6 | -0.9 | 2.0 | -1.7 | 1.6 | -1.4 | -0.2 | 1.5 |
| 2017 | 1.4 | 1.4 | 0.6 | 1.4 | 0.8 | -0.4 | 0.8 | 1.8 | -0.1 | 0.1 | -0.5 | 0.8 |
| 2016 | -0.3 | 1.9 | 2.8 | 1.3 | -0.4 | 4.2 | 1.0 | 1.6 | 0.3 | -1.4 | -3.6 | 1.5 |
| 2015 | 0.6 | 1.5 | 0.5 | 1.8 | -0.1 | -1.5 | 0.3 | -1.3 | -1.4 | 2.8 | 0.2 | -1.5 |
| 2014 | -0.8 | 2.8 | 0.9 | 0.8 | 3.4 | 0.1 | -0.3 | 1.1 | -2.2 | 1.6 | -0.5 | -2.7 |
| 2013 | · | · | · | · | · | -4.8 | 1.1 | -2.0 | 3.1 | 1.8 | -1.5 | 0.7 |
| Avg | 0.4 | -0.1 | -0.7 | 0.2 | 1.2 | 0.2 | 1.3 | 0.1 | -1.0 | 0.2 | 1.1 | 0.7 |
| Median | 0.3 | 0.6 | 0.5 | 0.8 | 1.0 | 0.3 | 1.0 | 0.7 | -0.9 | 0.0 | -0.2 | 0.8 |
October so far: -0.1% against an average of +0.2% and a median of +0.0% across 13 completed Octobers, 7 of them positive.
Values in %. Current and first-listed months are partial (greyed) and are left out of the Avg and Median rows.
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VWOB seasonality — average by calendar month
Vanguard Emerging Markets Government Bond ETF has monthly history back to 2013. Its strongest month by median is July — positive in 12 of 14 years, median +1.0%, and higher in 8 of the last 9. September is the soft spot, down in 9 of 14 with a median of -0.9%. Across its full record it has closed 61% of months higher, swings ±2.5% in an average month and has fallen 27% peak to trough.
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg | +0.4% | -0.1% | -0.7% | +0.2% | +1.2% | +0.2% | +1.3% | +0.1% | -1.0% | +0.2% | +1.1% | +0.7% |
| Win rate | 54%/13 | 62%/13 | 62%/13 | 69%/13 | 69%/13 | 57%/14 | 86%/14 | 64%/14 | 36%/14 | 54%/13 | 46%/13 | 69%/13 |
Win rate = share of positive months / sample size.
VWOB risk & extremes
VWOB drawdown & rolling returns
Percent below the all-time high at each month-end — how far underwater the asset was.
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Frequently asked questions
What was Vanguard Emerging Markets Government Bond ETF's best month?+
Vanguard Emerging Markets Government Bond ETF's strongest completed month on record is November 2022, at +9.49%.
What was Vanguard Emerging Markets Government Bond ETF's worst month?+
Its weakest completed month on record is March 2020, at -12.85%.
Is Vanguard Emerging Markets Government Bond ETF up this year?+
Vanguard Emerging Markets Government Bond ETF is down 3.76% year to date, measured from its last close before 1 January.
What is Vanguard Emerging Markets Government Bond ETF's 1-year return?+
-1.54% over the past twelve months, comparing the latest close with the most recent close on or before the same date a year earlier.
What is Vanguard Emerging Markets Government Bond ETF's biggest drawdown?+
The deepest peak-to-trough fall on record is 27.0%, measured on month-end closes since 2013.
Which calendar month is historically best for Vanguard Emerging Markets Government Bond ETF?+
July has the highest average return across every completed July since 2013. An average is not a forecast.
About Vanguard Emerging Markets Government Bond ETF
Vanguard Emerging Markets Government Bond ETF is an emerging markets business worth about $7 billion. Tracked here from its first session onward — every monthly, quarterly and weekly return on record since 2013, with no gaps filled in and nothing smoothed. Since 2013 it has ground out +56% overall — not every story is a rocket.
Did you know?
- Its best month on record was November 2022 at +9.49%; its worst, March 2020 at -12.85%.
- It has closed July in the green 12 out of 14 times — past performance, future shrug.
Trivia for entertainment — the numbers come from our price data; the jokes don't.