--- title: "這隻國際債券 ETF 可能提供高收益——但也伴隨着更高的風險" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/278227338.md" description: "先鋒新興市場政府債券 ETF（VWOB）最近的表現超過了主要的美國和國際債券 ETF，提供了更高的收益率，但由於其 41% 的持倉為投機級債券，風險也隨之增加。尋求從美國市場分散投資的投資者可以考慮 VWOB，該基金包括來自沙特阿拉伯和墨西哥等新興經濟體的政府債務。然而，與新興市場債券相關的風險，如政治不穩定和經濟脆弱性，應與潛在收益進行仔細權衡。對於風險較低的選擇，推薦先鋒國際債券 ETF（BNDX）" datetime: "2026-03-07T17:31:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278227338.md) - [en](https://longbridge.com/en/news/278227338.md) - [zh-HK](https://longbridge.com/zh-HK/news/278227338.md) --- # 這隻國際債券 ETF 可能提供高收益——但也伴隨着更高的風險 ## Key Points - The Vanguard Emerging Markets Government Bond ETF has proven itself a winner lately. - The fund has outperformed prominent U.S. and international bond ETFs in the past year. - But keep in mind that it has 41% of its holdings in bonds with speculative-grade credit ratings. - 10 stocks we like better than Vanguard Charlotte Funds - Vanguard Total International Bond ETF › A big trend right now is investors looking for opportunities beyond the U.S. market. If you want to diversify your portfolio away from U.S. stocks and bonds, one way to do it is to buy an international bond fund, like the **Vanguard Total International Bond ETF** (NASDAQ: BNDX). But if you want to earn higher yields and are willing to accept some additional risk, you could buy the **Vanguard Emerging Markets Government Bond ETF** (NASDAQ: VWOB). This international bond fund lets you own government debt from up-and-coming markets. The VWOB has outperformed the BNDX and another popular bond index fund, the **Vanguard Total Bond Market ETF** (NASDAQ: BND), for the past year. _**Will AI create the world's first trillionaire?** Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »_ VWOB Total Return Price data by YCharts Here are a few reasons why you might want to consider the VWOB for your bond portfolio -- and why you should also beware of the risks. ## What it means to invest in emerging market bonds When you buy emerging-market bonds, you are investing in debt issued by foreign governments from nations with emerging economies. That includes countries with economies that are more developed than some of the world's poorer nations, but that have not yet reached the more prosperous levels of advanced economies like the U.S., Japan, Canada, or Western Europe. Some emerging economies represented in the Vanguard Emerging Markets Government Bond ETF include: - Saudi Arabia (13.5% of the fund) - Mexico (11%) - Turkey (6.4%) - Indonesia (6.1%) - United Arab Emirates (5.6%) - Argentina (3.9%) - Qatar (3.8%) - Brazil (3.4%) The Vanguard Emerging Markets Government Bond ETF holds 902 bonds and charges an expense ratio of 0.15%. It has delivered average annual returns (by net asset value) of 2.6% for the past five years, 9.99% for the past three years, and 11.6% in the past year. ![A bond investor follows the market.](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg1ODg5NC9nZXR0eWltYWdlcy0xMjg2ODE1MTc1LTEyMDF4NTQ1LWVmNTI5MWIuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Image source: Getty Images. ## Risks of emerging market bonds High yields on bonds can be tempting. But emerging markets' government debt tends to be riskier than advanced economies' debt. Some of these countries are politically unstable, vulnerable to economic crises, or otherwise might struggle to repay their debts to bond investors like you. Let's compare the risk of emerging market government bonds to U.S. bonds. For example, about 41% of the emerging-market bonds in the VWOB have a credit rating of BB or lower, making them speculative grade. But in the Vanguard Total Bond Market ETF, 69% of the fund's bonds are U.S. government bonds (generally considered some of the safest in the world), while the other 31% of the bonds have investment-grade credit ratings of BBB or higher. If you want to own emerging market bonds, a lower-risk strategy might be the Vanguard Total International Bond Market ETF (BNDX). This international bond fund holds 6,612 bonds from around the world, with 7.5% of its holdings in emerging markets. The BNDX could give you a more diversified way to capture some of the upside of emerging-market bond yields, while including plenty of bonds from lower-risk markets. Diversifying your bond investments with international exposure can be a good idea, but try not to take more risk than you can afford. Emerging-market bonds might pay higher yields but could have higher volatility and bigger price declines. ## Should you buy stock in Vanguard Charlotte Funds - Vanguard Total International Bond ETF right now? Before you buy stock in Vanguard Charlotte Funds - Vanguard Total International Bond ETF, consider this: The _Motley Fool Stock Advisor_ analyst team just identified what they believe are the **10 best stocks** for investors to buy now… and Vanguard Charlotte Funds - Vanguard Total International Bond ETF wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when **Netflix** made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, **you’d have $534,008**!\* Or when **Nvidia** made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, **you’d have $1,090,073**!\* Now, it’s worth noting _Stock Advisor’s_ total average return is 949% — a market-crushing outperformance compared to 192% for the S&P 500. **Don't miss the latest top 10 list, available with _Stock Advisor_, and join an investing community built by individual investors for individual investors.** See the 10 stocks » _\*Stock Advisor returns as of March 7, 2026._ _Ben Gran has positions in Vanguard Charlotte Funds - Vanguard Total International Bond ETF and Vanguard Total Bond Market ETF. The Motley Fool has positions in and recommends Vanguard Total Bond Market ETF. The Motley Fool has a disclosure policy._ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ### 相關股票 - [BNDX.US](https://longbridge.com/zh-HK/quote/BNDX.US.md) - [VWOB.US](https://longbridge.com/zh-HK/quote/VWOB.US.md) ## 相關資訊與研究 - [資本集團：固定收益工具成為穩定投資的核心配置 增持新興市場債投資者幾乎翻倍](https://longbridge.com/zh-HK/news/286707646.md) - [ETF 被當飆股操作？專家解析短進短出的三大風險](https://longbridge.com/zh-HK/news/286884155.md) - [BNB 現貨 ETF 要來了？VanEck 、灰度急補件，美國競爭幣 ETF 戰火再升温](https://longbridge.com/zh-HK/news/286721152.md) - [【ETF 觀察】台股主動 ETF 黑馬浮現！00405A 正在盯上的「明日之星」是誰？](https://longbridge.com/zh-HK/news/286706460.md) - [金管會出手！國外成分 ETF 期貨、選擇權 7 月起改三階段冷卻](https://longbridge.com/zh-HK/news/287224116.md)