When holding the Vanguard USD Emerging Markets Government Bond UCITS USD Accumulation (VEMA.L) ETF, how long should you stay invested to have high probability to achieve a positive return?
Over the selected period (~41 years), the longest duration with a negative return was 73 months (from January 1985 to January 1991).
This indicates that, within the same timeframe, any rolling period of 74 months or more has consistently resulted in a positive return.
Understanding this metric is crucial as it highlights the importance of a safe investment horizon. Knowing the minimum duration required to likely see positive returns helps investors set realistic expectations and reinforces the strategy of staying invested through market cycles. This approach can mitigate the emotional reactions to short-term market fluctuations and enhance the likelihood of achieving financial goals.
Vanguard USD Emerging Markets Government Bond UCITS USD Accumulation (VEMA.L) ETF: Historical Returns
Previous vs subsequent Returns
Is there a correlation between past and future returns over all 10-year rolling periods?
The following chart illustrates the relationship between past returns (x-axis) and subsequent returns (y-axis).
Data points are aggregated to show occurrences, and you can zoom in by clicking or drawing over the desired area.
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As of Nov 30, 2025, the annualized return of the previous 10 years has been 5.28%.
Rolling Returns
A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.
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Rolling Period Analysis
By selecting the 'Rolling Period', the chart and data will update. To study a different date range, change the simulation settings.
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| Worst | Median | Best | Negative Periods |
|---|---|---|---|
|
-30.76%
Sep 1997 - Aug 1998 |
+8.00% |
+59.56%
Sep 1992 - Aug 1993 |
26.46%
127 out of 480 |
|
-31.67%
Sep 1997 - Aug 1998 |
+5.45% |
+55.04%
Sep 1992 - Aug 1993 |
34.38%
165 out of 480 |
|
-10.02%
Jan 1986 - Dec 1987 |
+7.99% |
+42.11%
Sep 1998 - Aug 2000 |
13.89%
65 out of 468 |
|
-13.56%
Dec 1986 - Nov 1988 |
+5.23% |
+40.84%
Sep 1998 - Aug 2000 |
27.78%
130 out of 468 |
|
-7.64%
Jan 1985 - Dec 1987 |
+9.56% |
+33.66%
Sep 1998 - Aug 2001 |
7.46%
34 out of 456 |
|
-11.51%
Jan 1985 - Dec 1987 |
+6.49% |
+32.07%
Sep 1998 - Aug 2001 |
19.30%
88 out of 456 |
|
-3.70%
Nov 1986 - Oct 1990 |
+10.54% |
+25.23%
Sep 1998 - Aug 2002 |
5.18%
23 out of 444 |
|
-8.82%
Nov 1986 - Oct 1990 |
+8.17% |
+23.80%
Sep 1998 - Aug 2002 |
16.22%
72 out of 444 |
|
-0.62%
Sep 2019 - Aug 2024 |
+10.40% |
+26.75%
Sep 1998 - Aug 2003 |
1.39%
6 out of 432 |
|
-5.13%
Jul 2020 - Jun 2025 |
+8.00% |
+25.25%
Sep 1998 - Aug 2003 |
17.36%
75 out of 432 |
|
-1.38%
Feb 1985 - Jan 1991 |
+10.45% |
+22.13%
Feb 1991 - Jan 1997 |
0.71%
3 out of 420 |
|
-6.12%
Feb 1985 - Jan 1991 |
+7.70% |
+20.41%
Sep 1998 - Aug 2004 |
14.76%
62 out of 420 |
|
+0.40%
Nov 2016 - Oct 2023 |
+10.68% |
+23.21%
Apr 1995 - Mar 2002 |
0.00%
0 out of 408 |
|
-3.34%
Nov 2016 - Oct 2023 |
+7.73% |
+21.36%
Apr 1995 - Mar 2002 |
9.80%
40 out of 408 |
|
+1.59%
Nov 2016 - Oct 2024 |
+10.74% |
+20.71%
Apr 1995 - Mar 2003 |
0.00%
0 out of 396 |
|
-2.04%
Jun 2017 - May 2025 |
+8.15% |
+18.89%
Apr 1995 - Mar 2003 |
4.55%
18 out of 396 |
|
+2.33%
Sep 2016 - Aug 2025 |
+11.64% |
+19.22%
Sep 1992 - Aug 2001 |
0.00%
0 out of 384 |
|
-1.27%
Sep 2016 - Aug 2025 |
+8.53% |
+17.27%
Apr 1995 - Mar 2004 |
1.56%
6 out of 384 |
|
+3.78%
May 2013 - Apr 2023 |
+11.15% |
+18.66%
Mar 1992 - Feb 2002 |
0.00%
0 out of 372 |
|
+0.87%
Mar 1985 - Feb 1995 |
+8.56% |
+16.63%
May 1992 - Apr 2002 |
0.00%
0 out of 372 |
|
+3.91%
Dec 2012 - Nov 2023 |
+11.30% |
+19.63%
Feb 1991 - Jan 2002 |
0.00%
0 out of 360 |
|
+1.08%
Dec 2012 - Nov 2023 |
+8.18% |
+16.94%
Feb 1991 - Jan 2002 |
0.00%
0 out of 360 |
|
+3.89%
May 2013 - Apr 2025 |
+11.39% |
+17.84%
Mar 1991 - Feb 2003 |
0.00%
0 out of 348 |
|
+0.98%
May 2013 - Apr 2025 |
+8.31% |
+15.30%
Mar 1991 - Feb 2003 |
0.00%
0 out of 348 |
|
+4.39%
Sep 2012 - Aug 2025 |
+10.89% |
+18.22%
Sep 1990 - Aug 2003 |
0.00%
0 out of 336 |
|
+1.44%
Jul 2012 - Jun 2025 |
+8.04% |
+15.61%
Oct 1990 - Sep 2003 |
0.00%
0 out of 336 |
|
+4.83%
Sep 2010 - Aug 2024 |
+11.61% |
+17.07%
Nov 1990 - Oct 2004 |
0.00%
0 out of 324 |
|
+1.86%
Sep 2010 - Aug 2024 |
+8.69% |
+14.65%
Nov 1990 - Oct 2004 |
0.00%
0 out of 324 |
|
+4.78%
Jun 2010 - May 2025 |
+12.03% |
+17.16%
Jan 1991 - Dec 2005 |
0.00%
0 out of 312 |
|
+1.77%
Jun 2010 - May 2025 |
+9.16% |
+14.70%
Jan 1991 - Dec 2005 |
0.00%
0 out of 312 |
|
+5.65%
Oct 2009 - Sep 2025 |
+11.88% |
+16.10%
Nov 1990 - Oct 2006 |
0.00%
0 out of 300 |
|
+2.59%
Oct 2009 - Sep 2025 |
+9.32% |
+13.67%
Nov 1990 - Oct 2006 |
0.00%
0 out of 300 |
|
+6.55%
Mar 2006 - Feb 2023 |
+12.19% |
+15.65%
Dec 1988 - Nov 2005 |
0.00%
0 out of 288 |
|
+3.56%
Mar 2006 - Feb 2023 |
+9.46% |
+13.03%
Jan 1992 - Dec 2008 |
0.00%
0 out of 288 |
|
+6.38%
Mar 2006 - Feb 2024 |
+12.11% |
+15.95%
Jan 1991 - Dec 2008 |
0.00%
0 out of 276 |
|
+3.36%
Mar 2006 - Feb 2024 |
+9.32% |
+13.42%
Jan 1991 - Dec 2008 |
0.00%
0 out of 276 |
|
+6.45%
Apr 2006 - Mar 2025 |
+12.07% |
+15.61%
Oct 1990 - Sep 2009 |
0.00%
0 out of 264 |
|
+3.43%
Apr 2006 - Mar 2025 |
+9.44% |
+13.06%
Oct 1990 - Sep 2009 |
0.00%
0 out of 264 |
|
+6.50%
Oct 2005 - Sep 2025 |
+11.98% |
+15.64%
Nov 1990 - Oct 2010 |
0.00%
0 out of 252 |
|
+3.48%
Jul 2005 - Jun 2025 |
+9.46% |
+13.08%
Nov 1990 - Oct 2010 |
0.00%
0 out of 252 |
|
+7.95%
Sep 2000 - Aug 2025 |
+11.93% |
+13.87%
Jan 1988 - Dec 2012 |
0.00%
0 out of 192 |
|
+5.17%
Sep 2000 - Aug 2025 |
+9.27% |
+11.30%
Sep 1992 - Aug 2017 |
0.00%
0 out of 192 |
|
+9.42%
Nov 1993 - Oct 2023 |
+11.42% |
+12.77%
Jan 1988 - Dec 2017 |
0.00%
0 out of 132 |
|
+6.85%
Nov 1993 - Oct 2023 |
+8.77% |
+10.27%
Nov 1990 - Oct 2020 |
0.00%
0 out of 132 |
Vanguard USD Emerging Markets Government Bond UCITS USD Accumulation (VEMA.L) ETF: Historical Returns

