Correlation
The correlation between BEMB and AAA is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
BEMB vs. AAA
Compare and contrast key facts about Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) and AAF First Priority CLO Bond ETF (AAA).
BEMB and AAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BEMB is an actively managed fund by iShares. It was launched on Feb 22, 2023. AAA is an actively managed fund by Alternative Access Funds LLC. It was launched on Sep 9, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BEMB or AAA.
Performance
BEMB vs. AAA - Performance Comparison
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Key characteristics
BEMB:
1.17
AAA:
1.62
BEMB:
1.94
AAA:
2.20
BEMB:
1.26
AAA:
1.39
BEMB:
1.93
AAA:
2.15
BEMB:
6.04
AAA:
16.38
BEMB:
1.34%
AAA:
0.32%
BEMB:
6.01%
AAA:
3.31%
BEMB:
-6.17%
AAA:
-2.63%
BEMB:
-0.10%
AAA:
0.00%
Returns By Period
In the year-to-date period, BEMB achieves a 3.42% return, which is significantly higher than AAA's 1.48% return.
BEMB
3.42%
1.12%
1.72%
6.97%
N/A
N/A
N/A
AAA
1.48%
0.22%
1.92%
5.32%
6.41%
N/A
N/A
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BEMB vs. AAA - Expense Ratio Comparison
BEMB has a 0.18% expense ratio, which is lower than AAA's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BEMB vs. AAA — Risk-Adjusted Performance Rank
BEMB
AAA
BEMB vs. AAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) and AAF First Priority CLO Bond ETF (AAA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
BEMB vs. AAA - Dividend Comparison
BEMB's dividend yield for the trailing twelve months is around 7.04%, more than AAA's 5.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 7.04% | 6.31% | 5.46% | 0.00% | 0.00% | 0.00% |
AAA AAF First Priority CLO Bond ETF | 5.79% | 6.17% | 6.11% | 2.78% | 1.06% | 0.32% |
Drawdowns
BEMB vs. AAA - Drawdown Comparison
The maximum BEMB drawdown since its inception was -6.17%, which is greater than AAA's maximum drawdown of -2.63%. Use the drawdown chart below to compare losses from any high point for BEMB and AAA.
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Volatility
BEMB vs. AAA - Volatility Comparison
Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) has a higher volatility of 1.27% compared to AAF First Priority CLO Bond ETF (AAA) at 0.81%. This indicates that BEMB's price experiences larger fluctuations and is considered to be riskier than AAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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