BEMB vs. CEMB
BEMB (Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF) and CEMB (iShares J.P. Morgan EM Corporate Bond ETF) are both exchange-traded funds - BEMB is a Emerging Markets Bonds fund actively managed by iShares, while CEMB is a Corporate Bonds fund tracking the JP Morgan CEMBI Broad Diversified. BEMB is actively managed, while CEMB is passively managed. Over the past 3 years, BEMB returned 8.50%/yr vs 7.13%/yr for CEMB. Their correlation of 0.85 suggests significant overlap in exposure. BEMB charges 0.18%/yr vs 0.50%/yr for CEMB.
Performance
BEMB vs. CEMB - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BEMB having a 1.68% return and CEMB slightly lower at 1.63%.
BEMB
- 1D
- -0.33%
- 1M
- 1.31%
- YTD
- 1.68%
- 6M
- 1.92%
- 1Y
- 9.29%
- 3Y*
- 8.50%
- 5Y*
- —
- 10Y*
- —
CEMB
- 1D
- -0.22%
- 1M
- 0.61%
- YTD
- 1.63%
- 6M
- 1.85%
- 1Y
- 6.71%
- 3Y*
- 7.13%
- 5Y*
- 1.94%
- 10Y*
- 3.63%
BEMB vs. CEMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 1.68% | 12.27% | 5.51% | 8.88% |
CEMB iShares J.P. Morgan EM Corporate Bond ETF | 1.63% | 8.86% | 5.81% | 6.61% |
Correlation
The correlation between BEMB and CEMB is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.85 |
The correlation between BEMB and CEMB has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.
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Return for Risk
BEMB vs. CEMB — Risk / Return Rank
BEMB
CEMB
BEMB vs. CEMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) and iShares J.P. Morgan EM Corporate Bond ETF (CEMB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BEMB | CEMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.34 | +0.20 |
| Martin ratioReturn relative to average drawdown | 10.92 | 10.08 | +0.83 |
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Drawdowns
BEMB vs. CEMB - Drawdown Comparison
The maximum BEMB drawdown since its inception was -6.17%, smaller than the maximum CEMB drawdown of -20.84%. Use the drawdown chart below to compare losses from any high point for BEMB and CEMB.
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Drawdown Indicators
| BEMB | CEMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.17% | -20.84% | +14.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -2.88% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | -3.85% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.84% | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.22% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -3.64% | +2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.67% | +0.18% |
Volatility
BEMB vs. CEMB - Volatility Comparison
Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) has a higher volatility of 1.34% compared to iShares J.P. Morgan EM Corporate Bond ETF (CEMB) at 1.00%. This indicates that BEMB's price experiences larger fluctuations and is considered to be riskier than CEMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BEMB | CEMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.00% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.59% | 2.52% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 3.13% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 5.63% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 6.29% | -0.42% |
BEMB vs. CEMB - Expense Ratio Comparison
BEMB has a 0.18% expense ratio, which is lower than CEMB's 0.50% expense ratio.
Dividends
BEMB vs. CEMB - Dividend Comparison
BEMB's dividend yield for the trailing twelve months is around 6.85%, more than CEMB's 5.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 6.85% | 6.88% | 6.31% | 5.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CEMB iShares J.P. Morgan EM Corporate Bond ETF | 5.13% | 5.14% | 5.11% | 4.77% | 4.29% | 3.51% | 3.86% | 4.19% | 4.66% | 4.06% | 4.26% | 4.76% |
Frequently Asked Questions
BEMB and CEMB have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEMB has higher volatility (1.34%) compared to CEMB (1.00%). In terms of maximum drawdown, BEMB dropped -6.17% vs CEMB's -20.84%.
On 3-year performance, BEMB leads with 8.50% vs 7.13% for CEMB. On fees, BEMB is cheaper at 0.18% per year. On volatility, CEMB has been the lower-risk option at 1.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BEMB has performed better with a 8.50% return vs 7.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BEMB is cheaper with a 0.18% expense ratio, compared with 0.50% for CEMB.
BEMB has the higher dividend yield at 6.85%, compared with 5.13% for CEMB.
BEMB is categorized as Emerging Markets Bonds, while CEMB is Corporate Bonds. Their fees differ too: 0.18% for BEMB and 0.50% for CEMB.
CEMB currently has the higher Sharpe Ratio (2.16 vs 2.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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