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NEMD vs VWOB

Neuberger Berman Emerging Markets Debt Hard Currency ETF

NEMDCNYSE Arca

Vanguard Emerging Markets Government Bond ETF

VWOBANasdaq

Overlap

No data

Expense ratio

VWOB −0.70pt a year

NEMD0.85%VWOB0.15%

Avg volume · 30D

VWOB 55.1×the volume

NEMD10.4KVWOB573K

NEMD vs VWOB Performance

Oct 31, 2025 – Oct 30, 2026

+3.0%NEMD−0.3%VWOB

Oct 31, 2025 to Oct 30, 2026. NEMD +3.0%. VWOB −0.3%. Use the arrow keys to read each point.−2%2%6%Oct 2025Apr 2026Oct 2026
Expense ratio
NEMD 0.85%
VWOB 0.15%, better
Fund size
NEMD $151M
VWOB $6.6B
1Y total return
NEMD +3.0%, better
VWOB −0.3%
Yield (12M)
NEMD 6.02%
VWOB 6.07%, better
Holdings
NEMD 273
VWOB 941
Avg volume (30D)
NEMD 10.4K sh
VWOB 573K sh, better
NAV per share
NEMD $50.57
VWOB $63.97
52W range

ETF.net Grade

NEMD: Cost 0, Risk 71, Mission 97, Tradability 54, Holdings 22, Durability 32. VWOB: Cost 97, Risk 46, Mission 100, Tradability 81, Holdings 82, Durability 95.
Pillar letters and Scores for NEMD, VWOB, with each pillar’s weight
PillarNEMDVWOB
Cost30% weightF0A97Higher
Mission25% weightA97A100Higher
Risk15% weightA71HigherC46
Tradability15% weightC54A81Higher
Holdings10% weightF22A82Higher
Durability5% weightD32A95Higher

Rank among Emerging Markets Bonds (US Dollar) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. NEMD and VWOB are both graded against the same 17 Emerging Markets Bonds (US Dollar) funds, so their Grades compare head to head.

Emerging Markets Bonds (US Dollar)⁠

Category · 17 funds
See all 17 ›

VWOB ranks 1st and NEMD 13th of 17 funds in the Emerging Markets Bonds (US Dollar) Category.

  1. Rank 1AVWOBVanguard Emerging Markets Government Bond ETFScore 85
  2. Rank 2AXEMDBondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETFScore 83
  3. Rank 12CTEMDTempleton Emerging Markets Debt ETFScore 47
  4. Rank 13CNEMDNeuberger Berman Emerging Markets Debt Hard Currency ETFScore 46
  5. Rank 14DEMCBWisdomTree Emerging Markets Corporate Bond FundScore 33

Our read on each fund

ETF.net Research

NEMDCNeuberger Berman Emerging Markets Debt Hard Currency ETF

VWOBAVanguard Emerging Markets Government Bond ETF

In short

NEMD Neuberger Berman's active take on emerging-markets debt, issued in hard currency: credit calls drive the outcome instead of local-currency swings. A 2025 arrival holding roughly 300 positions and paying monthly.

VWOB Emerging-market government debt, Vanguard-style: about 200 dollar bonds from sovereigns and state-backed borrowers, indexed and capped so no one issuer dominates, for 0.15% a year. Income lands monthly.

Stated mandate

NEMD The Fund invests in emerging-markets debt and other fixed-income instruments, including sovereign debt and direct debt obligations. It may also transact in foreign currencies for hedging or investment purposes.

VWOB The Fund seeks to track an index of U.S. dollar-denominated bonds issued by governments and government-related issuers in emerging-market countries.

Why people hold it

  • NEMD Hard-currency mandate: the bonds are issued in major currencies, so the exposure is sovereign and corporate credit rather than a bet on the peso, rand or rupiah.
  • Actively run, not index-shackled. The team can shift between sovereign debt and direct corporate obligations, and transact in foreign currencies to hedge or to add exposure.
  • Spread across roughly 300 positions, with income paid out monthly.
  • The portfolio lines up closely with the emerging-markets debt mandate on the label. Little drift between the pitch and the holdings.
  • VWOB 0.15% a year, versus 0.39% on the category's flagship, EMB. In emerging-market debt, where fees run rich, that gap is the whole pitch.ishares.com
  • Dollar-denominated only. Local-law bonds are excluded, so a slide in the peso or the lira doesn't hit these prices directly. Credit risk, not currency risk.bbhub.io
  • About 200 bonds spread across sovereign and government-related issuers, with index caps that keep any one borrower from swallowing the fund.bbhub.io
  • A multi-billion-dollar fund that trades actively, with monthly distributions.

Worth knowing

  • NEMD At 0.85% a year, it is the priciest fund in its peer group. Index-tracking rivals JPMB and EMBD charge 0.39%.
  • Launched in August 2025, so the record is short and the fund is still building trading volume. Thinner volume usually means wider bid/ask spreads.
  • Hard currency strips out the local-FX swing, not the credit risk. These are still emerging-market borrowers, and sovereign stress shows up in prices.
  • VWOB Cheap for emerging-market debt, rich next to the plain Treasury funds it sits beside: VGIT and VCSH charge 0.03%.
  • The risk is sovereign credit. Downgrades, defaults and restructurings are live possibilities here in a way they aren't with US Treasuries.vanguard.com
  • Vanguard samples the index rather than buying every bond, so day-to-day results can drift from the benchmark more than in a Treasury fund.vanguard.com

Full NEMD profile⁠

Full VWOB profile⁠

NEMD vs VWOB Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

NEMD vs VWOB Cost

Overpaying NEMD vs VWOB

$13,062

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • NEMD 0.85%

    $16,199

  • VWOB 0.15%

    $3,137

$10,000
30 years

Cost over time

  • NEMD 0.85%
  • VWOB 0.15%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530NEMD $16,199VWOB $3,137

Year by year

YearNEMDVWOBOverpaying
10$1,508$274$1,234
20$5,706$1,071$4,635
30$16,199$3,137$13,062

Expense ratio

  • 0.85%NEMD
  • 0.15%VWOB, cheaper
  • Middle half of Emerging Markets Bonds (US Dollar) funds
  • Median 0.40%

VWOB cheapest of 17 funds

NEMD 17th cheapest of 17 funds

NEMD vs VWOB Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
NEMD 6.02%
VWOB 6.07%, better
Payout (12M)
NEMD $3.04
VWOB $3.88
Last payment
NEMD $0.26
VWOB $0.33
Ex-dividend
NEMD Oct 27, 2026
VWOB Oct 1, 2026
Paid on
NEMD Oct 30, 2026
VWOB Oct 5, 2026
Frequency
NEMD Monthly
VWOB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

NEMDMonthly · 15 paymentsAll NEMD payments⁠
One bar per payment. 15 payments from 2023 to 2026 YTD. Aug 26, 2025 $0.24; Sep 25, 2025 $0.23; Oct 28, 2025 $0.27; Nov 24, 2025 $0.25; Dec 18, 2025 $0.26; Jan 27, 2026 $0.26; Feb 24, 2026 $0.22; Mar 26, 2026 $0.26; Apr 27, 2026 $0.25; May 26, 2026 $0.26; Jun 25, 2026 $0.26; Jul 28, 2026 $0.27; Aug 26, 2026 $0.25; Sep 25, 2026 $0.23; Oct 27, 2026 $0.26. Use the arrow keys to read each point.$0$0.2520232026YTD
VWOBMonthly · 45 paymentsAll VWOB payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.28; Mar 1, 2023 $0.28; Apr 3, 2023 $0.29; May 1, 2023 $0.29; Jun 1, 2023 $0.29; Jul 3, 2023 $0.29; Aug 1, 2023 $0.30; Sep 1, 2023 $0.30; Oct 2, 2023 $0.30; Nov 1, 2023 $0.30; Dec 1, 2023 $0.28; Dec 22, 2023 $0.30; Feb 1, 2024 $0.28; Mar 1, 2024 $0.32; Apr 1, 2024 $0.32; May 1, 2024 $0.31; Jun 3, 2024 $0.32; Jul 1, 2024 $0.32; Aug 1, 2024 $0.34; Sep 3, 2024 $0.32; Oct 1, 2024 $0.32; Nov 1, 2024 $0.35; Dec 2, 2024 $0.33; Dec 24, 2024 $0.33; Feb 3, 2025 $0.38; Mar 3, 2025 $0.35; Apr 1, 2025 $0.34; May 1, 2025 $0.32; Jun 2, 2025 $0.32; Jul 1, 2025 $0.32; Aug 1, 2025 $0.39; Sep 2, 2025 $0.31; Oct 1, 2025 $0.31; Nov 3, 2025 $0.32; Dec 1, 2025 $0.32; Dec 18, 2025 $0.32; Feb 2, 2026 $0.34; Mar 2, 2026 $0.32; Apr 1, 2026 $0.33; May 1, 2026 $0.32; Jun 1, 2026 $0.32; Jul 1, 2026 $0.31; Aug 3, 2026 $0.35; Sep 1, 2026 $0.32; Oct 1, 2026 $0.33. Use the arrow keys to read each point.$0$0.2520232026YTD

NEMD vs VWOB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NEMD 6.7%since Sep 2025VWOB 7.3%
Return per unit of riskSharpe ratio, 3 years
NEMD 0.38since Sep 2025VWOB 0.70
Worst fallMax drawdown, 5 years
NEMD −5.0%since Aug 2025VWOB −26.2%
Market sensitivityBeta, 5 years
NEMD 1.03VWOB 1.11

NEMD and VWOB in the news

All news⁠

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