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CEMB vs. TLT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CEMB and TLT is 0.24, 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.


-0.50.00.51.0
Correlation: 0.2

Performance

CEMB vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares J.P. Morgan EM Corporate Bond ETF (CEMB) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

0.00%10.00%20.00%30.00%40.00%50.00%60.00%NovemberDecember2025FebruaryMarchApril
53.97%
6.79%
CEMB
TLT

Key characteristics

Sharpe Ratio

CEMB:

1.64

TLT:

0.28

Sortino Ratio

CEMB:

2.21

TLT:

0.48

Omega Ratio

CEMB:

1.35

TLT:

1.06

Calmar Ratio

CEMB:

1.07

TLT:

0.09

Martin Ratio

CEMB:

7.79

TLT:

0.53

Ulcer Index

CEMB:

0.96%

TLT:

7.52%

Daily Std Dev

CEMB:

4.54%

TLT:

14.42%

Max Drawdown

CEMB:

-20.84%

TLT:

-48.35%

Current Drawdown

CEMB:

-0.71%

TLT:

-41.08%

Returns By Period

In the year-to-date period, CEMB achieves a 2.10% return, which is significantly lower than TLT's 2.84% return. Over the past 10 years, CEMB has outperformed TLT with an annualized return of 3.17%, while TLT has yielded a comparatively lower -1.03% annualized return.


CEMB

YTD

2.10%

1M

-0.41%

6M

1.43%

1Y

7.92%

5Y*

3.27%

10Y*

3.17%

TLT

YTD

2.84%

1M

0.04%

6M

-1.48%

1Y

5.49%

5Y*

-9.90%

10Y*

-1.03%

*Annualized

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CEMB vs. TLT - Expense Ratio Comparison

CEMB has a 0.50% expense ratio, which is higher than TLT's 0.15% expense ratio.


Expense ratio chart for CEMB: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
CEMB: 0.50%
Expense ratio chart for TLT: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TLT: 0.15%

Risk-Adjusted Performance

CEMB vs. TLT — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CEMB
The Risk-Adjusted Performance Rank of CEMB is 9090
Overall Rank
The Sharpe Ratio Rank of CEMB is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of CEMB is 9090
Sortino Ratio Rank
The Omega Ratio Rank of CEMB is 9292
Omega Ratio Rank
The Calmar Ratio Rank of CEMB is 8484
Calmar Ratio Rank
The Martin Ratio Rank of CEMB is 9090
Martin Ratio Rank

TLT
The Risk-Adjusted Performance Rank of TLT is 3333
Overall Rank
The Sharpe Ratio Rank of TLT is 3939
Sharpe Ratio Rank
The Sortino Ratio Rank of TLT is 3737
Sortino Ratio Rank
The Omega Ratio Rank of TLT is 3232
Omega Ratio Rank
The Calmar Ratio Rank of TLT is 2626
Calmar Ratio Rank
The Martin Ratio Rank of TLT is 3030
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CEMB vs. TLT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan EM Corporate Bond ETF (CEMB) and iShares 20+ Year Treasury Bond ETF (TLT). 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.


The chart of Sharpe ratio for CEMB, currently valued at 1.64, compared to the broader market-1.000.001.002.003.004.00
CEMB: 1.64
TLT: 0.28
The chart of Sortino ratio for CEMB, currently valued at 2.21, compared to the broader market-2.000.002.004.006.008.00
CEMB: 2.21
TLT: 0.48
The chart of Omega ratio for CEMB, currently valued at 1.35, compared to the broader market0.501.001.502.002.50
CEMB: 1.35
TLT: 1.06
The chart of Calmar ratio for CEMB, currently valued at 1.07, compared to the broader market0.002.004.006.008.0010.0012.00
CEMB: 1.07
TLT: 0.09
The chart of Martin ratio for CEMB, currently valued at 7.79, compared to the broader market0.0020.0040.0060.00
CEMB: 7.79
TLT: 0.53

The current CEMB Sharpe Ratio is 1.64, which is higher than the TLT Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of CEMB and TLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
1.64
0.28
CEMB
TLT

Dividends

CEMB vs. TLT - Dividend Comparison

CEMB's dividend yield for the trailing twelve months is around 5.19%, more than TLT's 4.24% yield.


TTM20242023202220212020201920182017201620152014
CEMB
iShares J.P. Morgan EM Corporate Bond ETF
5.19%5.11%4.77%4.29%3.51%3.86%4.19%4.66%4.06%4.26%4.76%4.23%
TLT
iShares 20+ Year Treasury Bond ETF
4.24%4.30%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%2.67%

Drawdowns

CEMB vs. TLT - Drawdown Comparison

The maximum CEMB drawdown since its inception was -20.84%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for CEMB and TLT. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-0.71%
-41.08%
CEMB
TLT

Volatility

CEMB vs. TLT - Volatility Comparison

The current volatility for iShares J.P. Morgan EM Corporate Bond ETF (CEMB) is 3.19%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 6.00%. This indicates that CEMB experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%NovemberDecember2025FebruaryMarchApril
3.19%
6.00%
CEMB
TLT