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CEW vs. EMHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

CEW vs. EMHY

Last updated May 12, 2025

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 -0.80. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

CEW vs. EMHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Currency Strategy Fund (CEW) and iShares J.P. Morgan EM High Yield Bond ETF (EMHY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

CEW:

6.30%

EMHY:

4.38%

Max Drawdown

CEW:

-0.71%

EMHY:

-0.11%

Current Drawdown

CEW:

-0.44%

EMHY:

0.00%

Returns By Period

CEW

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

EMHY

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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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.

CEW
WisdomTree Emerging Currency Strategy Fund
EMHY
iShares J.P. Morgan EM High Yield Bond ETF

Risk-Adjusted Performance

CEW vs. EMHY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CEW
The Risk-Adjusted Performance Rank of CEW is 7777
Overall Rank
The Sharpe Ratio Rank of CEW is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of CEW is 8484
Sortino Ratio Rank
The Omega Ratio Rank of CEW is 8181
Omega Ratio Rank
The Calmar Ratio Rank of CEW is 6060
Calmar Ratio Rank
The Martin Ratio Rank of CEW is 7575
Martin Ratio Rank
EMHY
The Risk-Adjusted Performance Rank of EMHY is 8888
Overall Rank
The Sharpe Ratio Rank of EMHY is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of EMHY is 8686
Sortino Ratio Rank
The Omega Ratio Rank of EMHY is 8787
Omega Ratio Rank
The Calmar Ratio Rank of EMHY is 9090
Calmar Ratio Rank
The Martin Ratio Rank of EMHY is 9090
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.

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.

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Dividends

CEW vs. EMHY - Dividend Comparison

CEW's dividend yield for the trailing twelve months is around 5.04%, less than EMHY's 7.22% yield.

TTM20242023202220212020201920182017201620152014
CEW
WisdomTree Emerging Currency Strategy Fund		5.04%0.00%0.00%0.00%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		7.22%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

CEW vs. EMHY - Drawdown Comparison

The maximum CEW drawdown since its inception was -0.71%, which is greater than EMHY's maximum drawdown of -0.11%. Use the drawdown chart below to compare losses from any high point for CEW and EMHY. For additional features, visit the drawdowns tool.

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Volatility

CEW vs. EMHY - Volatility Comparison

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