VWOB vs SMBS

Comparison between VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND ETF SHARES (VWOB, ETF) and SCHWAB MORTGAGE-BACKED SECURITIES ETF (SMBS, ETF).

VWOB vs SMBS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VWOB(ETF)	SMBS(ETF)
Net Assets	$6.30B	$6.30B
Expense Ratio	0.15%	0.03%
Max Drawdown	32.89%	3.68%
Sharpe Ratio	1.52	0.63
5Y Beta	0.23	0.03
5Y Dividends CAGR	5.46%	N/A

Net Assets

VWOB

$6.30B

SMBS

$6.30B

Expense Ratio

VWOB

0.15%

Winner

SMBS

0.03%

Max Drawdown

VWOB

32.89%

Winner

SMBS

3.68%

Sharpe Ratio

Winner

VWOB

1.52

SMBS

0.63

5Y Beta

VWOB

0.23

Winner

SMBS

0.03

5Y Dividends CAGR

VWOB

5.46%

SMBS

N/A

VWOB vs SMBS - Historical Returns

Returns include dividend reinvestment.

Period	VWOB	SMBS
1 month	+1.54%	+0.27%
3 months	+0.65%	+0.46%
6 months	+2.35%	+1.89%
1 year	+12.29%	+7.06%
5 years(CAGR)	+2.20%	N/A
10 years(CAGR)	+3.63%	N/A
Max(CAGR)	+3.60%	+6.30%

Winner

VWOB

+1.54%

SMBS

+0.27%

Winner

VWOB

+0.65%

SMBS

+0.46%

Winner

VWOB

+2.35%

SMBS

+1.89%

Winner

VWOB

+12.29%

SMBS

+7.06%

5Y(CAGR)

VWOB

+2.20%

SMBS

N/A

10Y(CAGR)

VWOB

+3.63%

SMBS

N/A

Max(CAGR)

VWOB

+3.60%

Winner

SMBS

+6.30%

VWOB vs SMBS - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	VWOB	SMBS
2026	+1.41%	+1.30%
2025	+13.19%	+8.23%
2024	+6.15%	-0.07%
2023	+10.12%	N/A
2022	-16.58%	N/A
2021	-1.32%	N/A
2020	+5.53%	N/A
2019	+14.14%	N/A
2018	-3.09%	N/A
2017	+8.05%	N/A
2016	+9.56%	N/A
2015	+1.59%	N/A
2014	+4.34%	N/A
2013	-1.82%	N/A

VWOB vs SMBS Drawdown Comparison

The maximum drawdown for VWOB was -26.98%, occurring on Oct 20, 2022. Recovery took 959 trading sessions.

The maximum drawdown for SMBS was -3.20%, occurring on Jan 13, 2025. Recovery took 52 trading sessions.

The current VWOB drawdown is -0.46%. The current SMBS drawdown is -0.85%.

Rank	VWOB	SMBS
#1	-26.98% Sep 2, 2021 - Jul 1, 2025	-3.20% Dec 6, 2024 - Feb 25, 2025
#2	-25.31% Mar 4, 2020 - Sep 2, 2020	-2.83% Apr 4, 2025 - Jun 26, 2025
#3	-7.74% Aug 27, 2014 - Apr 8, 2015	-2.53% Feb 27, 2026 - Mar 26, 2026
#4	-6.90% Dec 30, 2020 - Aug 30, 2021	-1.11% Jun 26, 2025 - Aug 1, 2025
#5	-6.77% Jun 4, 2013 - Feb 28, 2014	-0.90% Oct 28, 2025 - Nov 25, 2025
#6	-6.03% Sep 7, 2016 - Apr 12, 2017	-0.89% Mar 3, 2025 - Apr 1, 2025
#7	-5.58% Jan 5, 2018 - Jan 31, 2019	-0.85% Sep 16, 2025 - Oct 14, 2025
#8	-5.39% Apr 24, 2015 - Mar 16, 2016	-0.78% Nov 26, 2025 - Dec 18, 2025
#9	-4.48% Feb 23, 2026 - Mar 27, 2026	-0.58% Jan 14, 2026 - Feb 6, 2026
#10	-3.65% Sep 2, 2020 - Nov 11, 2020	-0.47% Aug 13, 2025 - Aug 22, 2025
#11	-2.64% Feb 21, 2020 - Mar 4, 2020	-0.39% Aug 5, 2025 - Aug 13, 2025
#12	-2.02% Sep 4, 2019 - Dec 11, 2019	-0.39% Dec 29, 2025 - Jan 7, 2026
#13	-2.01% Jun 14, 2017 - Aug 3, 2017	-0.38% Nov 25, 2024 - Nov 29, 2024
#14	-1.88% Aug 9, 2019 - Sep 4, 2019	-0.36% Apr 1, 2025 - Apr 3, 2025
#15	-1.51% Jul 24, 2014 - Aug 27, 2014	-0.31% Oct 21, 2025 - Oct 28, 2025

Correlation

Correlation between VWOB and SMBS is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (2013 - 2026)

VWOB vs SMBS dividend yield comparison.

Year	VWOB	SMBS
2026	1.95%	1.69%
2025	5.92%	4.83%
2024	6.08%	0.50%
2023	5.50%	0.00%
2022	5.30%	0.00%
2021	4.04%	0.00%
2020	4.18%	0.00%
2019	4.58%	0.00%
2018	4.52%	0.00%
2017	4.61%	0.00%
2016	4.71%	0.00%
2015	4.93%	0.00%
2014	4.49%	0.00%
2013	2.39%	0.00%