Vanguard USD Emerging Markets Government Bond UCITS ETF (USD) Distributing

Vanguard USD Emerging Markets Government Bond UCITS ETF (USD) Distributing

About

Vanguard USD Emerging Markets Government Bond UCITS ETF (USD) Distributing (IE00BZ163L38) is a UCITS-compliant bond ETF tracking the Bloomberg EM USD Sovereign + Quasi-Sov Index. With a TER of 0.23%, it is moderately priced. The fund holds 1,443 positions across 85 regions with 591M in assets, with heavy concentration — 71% in government bonds.

ISIN
Fund Size €591.1M
Issuer Vanguard
Distribution —
Replication Physical
Inception Dec 2016
Base Currency USD
Index Bloomberg EM USD Sovereign + Quasi-Sov Index
Asset Class Bonds
Category Emerging Market Bond

Costs

7.1
This fund has moderate costs compared to similar ETFs.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
TER0.00%
Tracking Difference0.00%
TD Consistency0.00%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%

Holdings

8.4
This fund spreads its investments across 1,443 individual holdings, providing broad diversification.
#1
Argentine Republic Government International Bond
0.01%
#2
Eagle Funding Luxco Sarl
0.01%
#3
Argentina Bonar Bonds
0.01%
#4
Argentine Republic Government International Bond
0.01%
#5
Argentine Republic Government International Bond
0.00%
#6
Argentina Bonar Bonds
0.00%
#7
Argentina Bonar Bonds
0.00%
#8
Petroleos Mexicanos
0.00%
#9
Argentine Republic Government International Bond
0.00%
#10
Petroleos Mexicanos
0.00%

Sectors

3.4
This fund is concentrated in just a few of its 4 sectors, reducing diversification.

Regions

5.6
This fund invests across 86 countries, though its geographic allocation deviates somewhat from the global market.

Nerd Stuff

Advanced risk and return metrics (2023-06-05 — 2026-05-29).
4.6%
Volatility
-7.4%
Max Drawdown
0.08
Sharpe Ratio
0.11
Sortino Ratio
0.05
Calmar Ratio
0.19
Beta
-5.65%
Alpha (Jensen's)
0.179
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
Key Information Document

Broker Availability

Where you can buy this ETF.
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