CEW vs. EMHY
Compare and contrast key facts about WisdomTree Emerging Currency Strategy Fund (CEW) and iShares J.P. Morgan EM High Yield Bond ETF (EMHY).
CEW and EMHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEW is an actively managed fund by WisdomTree. It was launched on May 6, 2009. EMHY is a passively managed fund by iShares that tracks the performance of the J.P. Morgan USD Emerging Markets High Yield Bond Index. It was launched on Apr 3, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CEW or EMHY.
Correlation
The correlation between CEW and EMHY is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CEW vs. EMHY - Performance Comparison
Key characteristics
CEW:
0.50
EMHY:
2.32
CEW:
0.74
EMHY:
3.30
CEW:
1.09
EMHY:
1.44
CEW:
0.19
EMHY:
1.92
CEW:
1.26
EMHY:
16.82
CEW:
2.36%
EMHY:
0.86%
CEW:
5.77%
EMHY:
6.20%
CEW:
-27.80%
EMHY:
-30.11%
CEW:
-12.64%
EMHY:
-0.17%
Returns By Period
In the year-to-date period, CEW achieves a 2.09% return, which is significantly higher than EMHY's 1.78% return. Over the past 10 years, CEW has underperformed EMHY with an annualized return of 0.61%, while EMHY has yielded a comparatively higher 4.34% annualized return.
CEW
2.09%
1.88%
1.75%
3.46%
0.50%
0.61%
EMHY
1.78%
0.93%
7.75%
14.29%
2.07%
4.34%
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CEW vs. EMHY - Expense Ratio Comparison
CEW has a 0.55% expense ratio, which is higher than EMHY's 0.50% expense ratio.
Risk-Adjusted Performance
CEW vs. EMHY — Risk-Adjusted Performance Rank
CEW
EMHY
CEW vs. EMHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Currency Strategy Fund (CEW) 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.
Dividends
CEW vs. EMHY - Dividend Comparison
CEW's dividend yield for the trailing twelve months is around 5.31%, less than EMHY's 6.98% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEW WisdomTree Emerging Currency Strategy Fund | 5.31% | 5.42% | 2.00% | 0.80% | 0.00% | 0.64% | 1.90% | 1.87% | 0.00% | 0.00% | 0.00% | 0.12% |
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 6.98% | 6.87% | 6.73% | 7.08% | 5.59% | 5.44% | 5.72% | 6.80% | 5.59% | 6.43% | 6.99% | 6.37% |
Drawdowns
CEW vs. EMHY - Drawdown Comparison
The maximum CEW drawdown since its inception was -27.80%, smaller than the maximum EMHY drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for CEW and EMHY. For additional features, visit the drawdowns tool.
Volatility
CEW vs. EMHY - Volatility Comparison
WisdomTree Emerging Currency Strategy Fund (CEW) has a higher volatility of 1.87% compared to iShares J.P. Morgan EM High Yield Bond ETF (EMHY) at 1.45%. This indicates that CEW's price experiences larger fluctuations and is considered to be riskier than EMHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.