VWOBvsLEMBETF Comparison
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Vanguard Emerging Markets Government Bond ETF (VWOB) and iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) belong to the same industry segment: EM Government Bonds. VWOB's top 3 sector exposures are Sovereign, Oil and gas extraction and refining and Municipal. In contrast, LEMB's top sector exposures are Sovereign, VWOB is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.3% for LEMB. VWOB is down -1.27% year-to-date (YTD) with +$328M in YTD flows. LEMB performs better with -1.19% YTD performance, and +$114M in YTD flows. Run a side-by-side ETF comparison of VWOB and LEMB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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VWOB vs LEMB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VWOB LEMB | -2.39%-3.54% | -1.22%-1.27% | -1.27%-1.19% | +8.76%+11.66% | +26.76%+18.11% | +11.67%+4.41% |
| Flows | VWOB LEMB | -$65M-$114M | +$328M+$114M | +$328M+$114M | +$676M+$418M | +$2.28B+$213M | +$3.62B+$352M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VWOB LEMB | +4.84%+7.11% | +4.53%+4.99% | +5.21%+5.31% | +6.31%+6.19% |
| Max drawdown | VWOB LEMB | -3.93%-5.57% | -3.93%-5.57% | -7.12%-8.88% | -26.79%-25.18% |
| Max drawdown duration | VWOB LEMB | 44d36d | 44d36d | 122d391d | 1384d1629d |
Trading data
VWOB | LEMB | |
Last sale 4/2/2026 at 1:30 PM | $65.72 | $41.01 |
| Previous close 04/02/2026 | $65.60 | $40.99 |
| Consolidated volume 04/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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VWOB | LEMB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/2/2026 at 1:30 PM
Live
Closed
VWOB | LEMB | |
|---|---|---|
| Last price | $65.72 | $41.01 |
| 1D performance | +0.18% | +0.05% |
| AuM | $5.83 B | $744.97 M |
| E/R | 0.15% | 0.3% |
Characteristics
VWOB | LEMB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | iShares |
| Benchmark | Bloomberg USD Emerging Markets Government RIC Capped Index | J.P. Morgan Government Bond Emerging Markets Global 15% Cap 4.5% Floor Index |
| N° of holdings | 690 | 375 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 31, 2013 | October 18, 2011 |
| ESG | No | No |
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Exposure
Countries
VWOB
USA
13.14%
Saudi Arabia
11.19%
Mexico
8.2%
Other
67.47%
LEMB
China
14.98%
India
9.1%
Other
75.91%
Sectors
VWOB
Sovereign
69.2%
Oil and gas extra.
7.21%
Other
23.59%
LEMB
Sovereign
87.01%
Other
12.99%
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Diversification
VWOB
Total weight of top 15 holdings out of 15
7.8%
LEMB
Total weight of top 15 holdings out of 15
14.94%
Top 15 holdings
Data as of February 28, 2026
VWOB
Argentina, 4.125% 9jul2035, USD
1.15%
Argentina, 0.75% 9jul2030, USD
0.73%
Argentina, 0% 9jan2038, USD
0.67%
Pemex, 7.69% 23jan2050, USD
0.55%
Argentina, 3.5% 9jul2041, USD
0.55%
US26951TAA88
0.53%
Pemex, 6.7% 16feb2032, USD
0.51%
Qatar, 4.817% 14mar2049, USD
0.43%
Ministry of Investment Saudi Arabia, 4.5% 26oct2046, USD
0.41%
Ministry of Investment Saudi Arabia, 5.125% 13jan2028, USD
0.39%
Ecuador, 5.5% 31jul2035, USD
0.39%
USL2660VAA37
0.39%
Qatar, 5.103% 23apr2048, USD
0.39%
Ministry of Investment Saudi Arabia, 3.625% 4mar2028, USD
0.37%
Brazil, 6.625% 15mar2035, USD
0.35%
LEMB
Dominican Republic, 10.5% 15mar2037, DOP
1.41%
Uruguay, 9.75% 20jul2033, UYU
1.36%
Turkey, Bonds 30% 12sep2029, TRY
1.16%
Dominican Republic, 10.75% 1jun2036, DOP
1.14%
US760942BJ08
1.08%
Uruguay, 8.25% 21may2031, UYU
1.07%
Serbia, GB 7% 26oct2031, RSD
1.04%
Serbia, GB 4.5% 20aug2032, RSD
1.04%
Serbia, Bonds 5.25% 27jul2035, RSD
0.96%
Turkey, Bonds 26.2% 5oct2033, TRY
0.89%
Dominican Republic, 11.25% 15sep2035, DOP
0.82%
Serbia, GB 5.875% 8feb2028, RSD
0.81%
Brazil, NTN-F 10% 1jan2031, BRL (NTN-F)
0.74%
Dominican Republic, 13.625% 3feb2033, DOP
0.72%
Chile, BTP 6% 1apr2033, CLP
0.71%
Frequently asked questions about VWOB and LEMB
How have the VWOB and LEMB ETFs performed in 2026?
As of April 2, 2026, VWOB is down -1.27% year-to-date (YTD), while LEMB has lost -1.19%. That puts LEMB better performer ahead so far this year.
Which ETF is attracting more investor money: VWOB or LEMB?
Year-to-date, the VWOB ETF saw +$328M in flows, compared to +$114M for LEMB.
Which ETF is more volatile: VWOB or LEMB?
Over the past year, VWOB had a volatility of 4.53%, while LEMB experienced 4.99%.
Which ETF is bigger: VWOB or LEMB?
As of April 2, 2026, VWOB holds $5.83 B in assets under management (AUM), while LEMB manages $744.97 M.
What sectors do the VWOB and LEMB ETFs invest in?
VWOB leans toward sectors like Sovereign and Oil and gas extraction and refining. Meanwhile, LEMB focuses on Sovereign.
What are the top holdings of the VWOB ETF and LEMB ETF?
VWOB top holdings include Argentina, 4.125% 9jul2035, USD, Argentina, 0.75% 9jul2030, USD and Argentina, 0% 9jan2038, USD. LEMB holds in its top three: Dominican Republic, 10.5% 15mar2037, DOP, Uruguay, 9.75% 20jul2033, UYU and Turkey, Bonds 30% 12sep2029, TRY.
Which ETF is more diversified: VWOB or LEMB?
VWOB holds 907 securities with 7.8% of its assets in the top 15. LEMB has 440 securities and a top 15 weight of 14.94%.
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