BREM vs. EMFI

Last updated Jul 17, 2026

BREM (iShares Emerging Markets Bond Active ETF) and EMFI (Pictet Emerging Markets Debt ETF) are both Emerging Markets Bonds funds. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.

Performance

BREM vs. EMFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Emerging Markets Bond Active ETF (BREM) and Pictet Emerging Markets Debt ETF (EMFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BREM

• 1D: -0.15%
• 1M: -0.85%
• 6M: 2.82%
• YTD: 3.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMFI

• 1D: -0.12%
• 1M: -0.67%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BREM vs. EMFI - Yearly Performance Comparison

	2026 (YTD)
BREM iShares Emerging Markets Bond Active ETF	0.94%
EMFI Pictet Emerging Markets Debt ETF	1.68%

Correlation

The correlation between BREM and EMFI is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 23, 2026	0.92

Return for Risk

BREM vs. EMFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Bond Active ETF (BREM) and Pictet Emerging Markets Debt ETF (EMFI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

BREM vs. EMFI - Drawdown Comparison

The maximum BREM drawdown since its inception was -4.54%, which is greater than EMFI's maximum drawdown of -1.84%. Use the drawdown chart below to compare losses from any high point for BREM and EMFI.

Drawdown Indicators

	BREM	EMFI	Difference
Max Drawdown Largest peak-to-trough decline	-4.54%	-1.84%	-2.70%
Current Drawdown Current decline from peak	-0.87%	-0.74%	-0.13%
Average Drawdown Average peak-to-trough decline	-0.63%	-0.52%	-0.11%

Volatility

Volatility by Period

	BREM	EMFI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.42%	6.24%	-0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.42%	6.24%	-0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.42%	6.24%	-0.82%

BREM vs. EMFI - Expense Ratio Comparison

Both BREM and EMFI have an expense ratio of 0.50%.

Dividends

BREM vs. EMFI - Dividend Comparison

BREM's dividend yield for the trailing twelve months is around 4.43%, more than EMFI's 0.90% yield.

Position	TTM	2025
BREM iShares Emerging Markets Bond Active ETF	4.43%	1.19%
EMFI Pictet Emerging Markets Debt ETF	0.90%	0.00%

Frequently Asked Questions

Can I hold both BREM and EMFI in my portfolio?

With a correlation of 0.92, BREM and EMFI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BREM or EMFI?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BREM or EMFI?

BREM and EMFI have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, BREM or EMFI?

BREM has the higher dividend yield at 4.43%, compared with 0.90% for EMFI.

What is the main difference between BREM and EMFI?

They also come from different issuers: BlackRock and Pictet.