BREM vs. EMBD
BREM (iShares Emerging Markets Bond Active ETF) and EMBD (Global X Emerging Markets Bond ETF) are both Emerging Markets Bonds funds. Both are actively managed. A 0.73 correlation means they provide meaningful diversification when combined. BREM charges 0.50%/yr vs 0.39%/yr for EMBD.
Performance
BREM vs. EMBD - Performance Comparison
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Returns By Period
In the year-to-date period, BREM achieves a 3.96% return, which is significantly higher than EMBD's 1.98% return.
BREM
- 1D
- 0.18%
- 1M
- 1.71%
- YTD
- 3.96%
- 6M
- 3.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMBD
- 1D
- 0.28%
- 1M
- 1.18%
- YTD
- 1.98%
- 6M
- 2.03%
- 1Y
- 9.07%
- 3Y*
- 9.26%
- 5Y*
- 3.04%
- 10Y*
- —
BREM vs. EMBD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BREM iShares Emerging Markets Bond Active ETF | 3.96% | 2.80% |
EMBD Global X Emerging Markets Bond ETF | 1.98% | 2.08% |
Correlation
The correlation between BREM and EMBD is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 16, 2025 | 0.73 |
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Return for Risk
BREM vs. EMBD — Risk / Return Rank
BREM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EMBD
BREM vs. EMBD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Bond Active ETF (BREM) and Global X Emerging Markets Bond ETF (EMBD). 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.
| BREM | EMBD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.15 | — |
| Martin ratioReturn relative to average drawdown | — | 8.33 | — |
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Drawdowns
BREM vs. EMBD - Drawdown Comparison
The maximum BREM drawdown since its inception was -4.54%, smaller than the maximum EMBD drawdown of -24.27%. Use the drawdown chart below to compare losses from any high point for BREM and EMBD.
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Drawdown Indicators
| BREM | EMBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.54% | -24.27% | +19.73% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.23% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.27% | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.41% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.63% | -5.82% | +5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.09% | — |
Volatility
BREM vs. EMBD - Volatility Comparison
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Volatility by Period
| BREM | EMBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.52% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.17% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 6.05% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.59% | 9.18% | -3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 8.86% | -3.27% |
BREM vs. EMBD - Expense Ratio Comparison
BREM has a 0.50% expense ratio, which is higher than EMBD's 0.39% expense ratio.
Dividends
BREM vs. EMBD - Dividend Comparison
BREM's dividend yield for the trailing twelve months is around 3.88%, less than EMBD's 5.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BREM iShares Emerging Markets Bond Active ETF | 3.88% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMBD Global X Emerging Markets Bond ETF | 5.65% | 5.48% | 5.83% | 5.29% | 4.53% | 4.99% | 3.34% |
Frequently Asked Questions
BREM and EMBD have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMBD is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMBD is cheaper with a 0.39% expense ratio, compared with 0.50% for BREM.
EMBD has the higher dividend yield at 5.65%, compared with 3.88% for BREM.
They also come from different issuers: BlackRock and Global X. Their fees differ too: 0.50% for BREM and 0.39% for EMBD.
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