BEMB vs. EMHY
BEMB (Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF) and EMHY (iShares J.P. Morgan EM High Yield Bond ETF) are both Emerging Markets Bonds funds from iShares. BEMB is actively managed, while EMHY is passively managed. Over the past 3 years, BEMB returned 8.80%/yr vs 13.15%/yr for EMHY. Their correlation of 0.88 suggests significant overlap in exposure. BEMB charges 0.18%/yr vs 0.50%/yr for EMHY.
Performance
BEMB vs. EMHY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BEMB achieves a 1.27% return, which is significantly lower than EMHY's 2.80% return.
BEMB
- 1D
- -0.34%
- 1M
- 0.94%
- YTD
- 1.27%
- 6M
- 1.64%
- 1Y
- 9.77%
- 3Y*
- 8.80%
- 5Y*
- —
- 10Y*
- —
EMHY
- 1D
- -0.37%
- 1M
- 1.38%
- YTD
- 2.80%
- 6M
- 3.49%
- 1Y
- 12.96%
- 3Y*
- 13.15%
- 5Y*
- 4.25%
- 10Y*
- 4.73%
BEMB vs. EMHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 1.27% | 12.27% | 5.51% | 8.88% |
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 2.80% | 13.70% | 11.97% | 10.08% |
Correlation
The correlation between BEMB and EMHY is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2023 | 0.88 |
The correlation between BEMB and EMHY has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BEMB vs. EMHY — Risk / Return Rank
BEMB
EMHY
BEMB vs. EMHY - 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 High Yield Bond ETF (EMHY). 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.
| BEMB | EMHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.47 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 3.00 | -0.32 |
| Martin ratioReturn relative to average drawdown | 11.53 | 13.63 | -2.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BEMB | EMHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.30 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.45 | 0.50 | +0.95 |
Drawdowns
BEMB vs. EMHY - Drawdown Comparison
The maximum BEMB drawdown since its inception was -6.17%, smaller than the maximum EMHY drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for BEMB and EMHY.
Loading charts...
Drawdown Indicators
| BEMB | EMHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.17% | -30.11% | +23.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -4.34% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | -5.95% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.11% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.37% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -0.94% | -4.90% | +3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.95% | -0.10% |
Volatility
BEMB vs. EMHY - Volatility Comparison
The current volatility for Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) is 1.49%, while iShares J.P. Morgan EM High Yield Bond ETF (EMHY) has a volatility of 1.66%. This indicates that BEMB experiences smaller price fluctuations and is considered to be less risky than EMHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BEMB | EMHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.66% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.46% | 4.31% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 5.65% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 9.10% | -3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.88% | 10.66% | -4.78% |
BEMB vs. EMHY - Expense Ratio Comparison
BEMB has a 0.18% expense ratio, which is lower than EMHY's 0.50% expense ratio.
Dividends
BEMB vs. EMHY - Dividend Comparison
BEMB's dividend yield for the trailing twelve months is around 6.88%, more than EMHY's 6.41% 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 | 6.88% | 6.88% | 6.31% | 5.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 6.41% | 6.52% | 6.86% | 6.73% | 7.08% | 5.58% | 5.44% | 5.72% | 6.79% | 5.59% | 6.43% | 6.99% |
Frequently Asked Questions
BEMB and EMHY have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMHY has higher volatility (1.66%) compared to BEMB (1.49%). In terms of maximum drawdown, BEMB dropped -6.17% vs EMHY's -30.11%.
On 3-year performance, EMHY leads with 13.15% vs 8.80% for BEMB. On fees, BEMB is cheaper at 0.18% per year. On volatility, BEMB has been the lower-risk option at 1.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EMHY has performed better with a 13.15% return vs 8.80%. 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 EMHY.
BEMB has the higher dividend yield at 6.88%, compared with 6.41% for EMHY.
Their fees differ too: 0.18% for BEMB and 0.50% for EMHY.
EMHY currently has the higher Sharpe Ratio (2.30 vs 2.30), 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.
Find the right allocation for BEMB and EMHY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer