Vanguard USD Emerging Markets Government Bond UCITS USD Accumulation (VEMA.L): Rolling Returns

Simulation Settings
Category:
Period: January 1985 - May 2026 (~41 years)
Initial Amount: 1£
Currency: GBP
Inflation: UK
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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.

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.

VANGUARD USD EMERGING MARKETS GOVERNMENT BOND UCITS USD ACCUMULATION (VEMA.L) ETF
Previous vs Next Returns - 10 Years annualized
Time Period: 1 June 1996 - 31 May 2026 (30 Years)
Time Period: 1 January 1985 - 31 May 2026 (~41 years)
30 Years
(1996/06 - 2026/05)
All Data
(1985/01 - 2026/05)

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As of May 31, 2026, the annualized return of the previous 10 years has been 4.37%.

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.

VANGUARD USD EMERGING MARKETS GOVERNMENT BOND UCITS USD ACCUMULATION (VEMA.L) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Time Period: 1 June 1996 - 31 May 2026 (30 Years)
Time Period: 1 January 1985 - 31 May 2026 (~41 years)
30 Years
(1996/06 - 2026/05)
All Data
(1985/01 - 2026/05)
UK Inflation Adjusted:

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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.

VANGUARD USD EMERGING MARKETS GOVERNMENT BOND UCITS USD ACCUMULATION (VEMA.L) ETF
Rolling Returns Chart
Rolling Returns Chart - Inflation Adjusted
Time Period: 1 January 1985 - 31 May 2026 (~41 years)
Over Time
Histogram
UK Inflation Adjusted:

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Swipe left to see all data
Worst Median Best Negative Periods
-30.76%
Sep 1997 - Aug 1998
+7.98% +59.56%
Sep 1992 - Aug 1993
26.13%
127 out of 486
-31.67%
Sep 1997 - Aug 1998
+5.08% +55.04%
Sep 1992 - Aug 1993
34.16%
166 out of 486
-10.02%
Jan 1986 - Dec 1987
+7.92% +42.11%
Sep 1998 - Aug 2000
13.71%
65 out of 474
-13.56%
Dec 1986 - Nov 1988
+4.83% +40.84%
Sep 1998 - Aug 2000
27.43%
130 out of 474
-7.64%
Jan 1985 - Dec 1987
+9.45% +33.66%
Sep 1998 - Aug 2001
7.36%
34 out of 462
-11.51%
Jan 1985 - Dec 1987
+6.16% +32.07%
Sep 1998 - Aug 2001
19.05%
88 out of 462
-3.70%
Nov 1986 - Oct 1990
+10.45% +25.23%
Sep 1998 - Aug 2002
5.11%
23 out of 450
-8.82%
Nov 1986 - Oct 1990
+8.06% +23.80%
Sep 1998 - Aug 2002
17.11%
77 out of 450
-0.62%
Sep 2019 - Aug 2024
+10.36% +26.75%
Sep 1998 - Aug 2003
1.37%
6 out of 438
-5.13%
Jul 2020 - Jun 2025
+7.95% +25.25%
Sep 1998 - Aug 2003
18.49%
81 out of 438
-1.38%
Feb 1985 - Jan 1991
+10.44% +22.13%
Feb 1991 - Jan 1997
0.70%
3 out of 426
-6.12%
Feb 1985 - Jan 1991
+7.56% +20.41%
Sep 1998 - Aug 2004
15.96%
68 out of 426
+0.40%
Nov 2016 - Oct 2023
+10.64% +23.21%
Apr 1995 - Mar 2002
0.00%
0 out of 414
-3.34%
Nov 2016 - Oct 2023
+7.71% +21.36%
Apr 1995 - Mar 2002
11.11%
46 out of 414
+1.59%
Nov 2016 - Oct 2024
+10.66% +20.71%
Apr 1995 - Mar 2003
0.00%
0 out of 402
-2.04%
Jun 2017 - May 2025
+8.13% +18.89%
Apr 1995 - Mar 2003
5.97%
24 out of 402
+2.33%
Sep 2016 - Aug 2025
+11.55% +19.22%
Sep 1992 - Aug 2001
0.00%
0 out of 390
-1.27%
Sep 2016 - Aug 2025
+8.35% +17.27%
Apr 1995 - Mar 2004
3.08%
12 out of 390
+3.78%
May 2013 - Apr 2023
+11.11% +18.66%
Mar 1992 - Feb 2002
0.00%
0 out of 378
+0.72%
May 2016 - Apr 2026
+8.48% +16.63%
May 1992 - Apr 2002
0.00%
0 out of 378
+3.91%
Dec 2012 - Nov 2023
+11.17% +19.63%
Feb 1991 - Jan 2002
0.00%
0 out of 366
+1.08%
Dec 2012 - Nov 2023
+8.07% +16.94%
Feb 1991 - Jan 2002
0.00%
0 out of 366
+3.89%
May 2013 - Apr 2025
+11.29% +17.84%
Mar 1991 - Feb 2003
0.00%
0 out of 354
+0.98%
May 2013 - Apr 2025
+8.24% +15.30%
Mar 1991 - Feb 2003
0.00%
0 out of 354
+4.21%
May 2013 - Apr 2026
+10.74% +18.22%
Sep 1990 - Aug 2003
0.00%
0 out of 342
+1.30%
May 2013 - Apr 2026
+7.94% +15.61%
Oct 1990 - Sep 2003
0.00%
0 out of 342
+4.83%
Sep 2010 - Aug 2024
+11.40% +17.07%
Nov 1990 - Oct 2004
0.00%
0 out of 330
+1.86%
Sep 2010 - Aug 2024
+8.53% +14.65%
Nov 1990 - Oct 2004
0.00%
0 out of 330
+4.78%
Jun 2010 - May 2025
+11.98% +17.16%
Jan 1991 - Dec 2005
0.00%
0 out of 318
+1.77%
Jun 2010 - May 2025
+9.13% +14.70%
Jan 1991 - Dec 2005
0.00%
0 out of 318
+5.10%
Jun 2010 - May 2026
+11.82% +16.10%
Nov 1990 - Oct 2006
0.00%
0 out of 306
+2.09%
Jun 2010 - May 2026
+9.20% +13.67%
Nov 1990 - Oct 2006
0.00%
0 out of 306
+5.77%
Jan 2009 - Dec 2025
+12.05% +15.65%
Dec 1988 - Nov 2005
0.00%
0 out of 294
+2.74%
Jan 2009 - Dec 2025
+9.32% +13.03%
Jan 1992 - Dec 2008
0.00%
0 out of 294
+6.38%
Mar 2006 - Feb 2024
+12.06% +15.95%
Jan 1991 - Dec 2008
0.00%
0 out of 282
+3.36%
Mar 2006 - Feb 2024
+9.28% +13.42%
Jan 1991 - Dec 2008
0.00%
0 out of 282
+6.45%
Apr 2006 - Mar 2025
+11.90% +15.61%
Oct 1990 - Sep 2009
0.00%
0 out of 270
+3.43%
Apr 2006 - Mar 2025
+9.38% +13.06%
Oct 1990 - Sep 2009
0.00%
0 out of 270
+6.41%
Apr 2006 - Mar 2026
+11.94% +15.64%
Nov 1990 - Oct 2010
0.00%
0 out of 258
+3.36%
Apr 2006 - Mar 2026
+9.44% +13.08%
Nov 1990 - Oct 2010
0.00%
0 out of 258
+7.74%
Jun 2001 - May 2026
+11.89% +13.87%
Jan 1988 - Dec 2012
0.00%
0 out of 198
+4.96%
Jun 2001 - May 2026
+9.19% +11.30%
Sep 1992 - Aug 2017
0.00%
0 out of 198
+9.13%
Feb 1996 - Jan 2026
+11.25% +12.77%
Jan 1988 - Dec 2017
0.00%
0 out of 138
+6.54%
Feb 1996 - Jan 2026
+8.73% +10.27%
Nov 1990 - Oct 2020
0.00%
0 out of 138
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