EMB vs. BND
Compare and contrast key facts about iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) and Vanguard Total Bond Market ETF (BND).
EMB and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMB is a passively managed fund by iShares that tracks the performance of the JPMorgan EMBI Global Core Index. It was launched on Dec 17, 2007. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. Both EMB and BND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMB or BND.
Performance
EMB vs. BND - Performance Comparison
Returns By Period
In the year-to-date period, EMB achieves a 5.86% return, which is significantly higher than BND's 1.55% return. Over the past 10 years, EMB has outperformed BND with an annualized return of 2.45%, while BND has yielded a comparatively lower 1.40% annualized return.
EMB
5.86%
-1.69%
3.69%
12.86%
0.29%
2.45%
BND
1.55%
-1.53%
2.79%
6.33%
-0.32%
1.40%
Key characteristics
| EMB | BND | |
|---|---|---|
| Sharpe Ratio | 1.87 | 1.25 |
| Sortino Ratio | 2.72 | 1.83 |
| Omega Ratio | 1.33 | 1.22 |
| Calmar Ratio | 0.78 | 0.48 |
| Martin Ratio | 10.08 | 4.20 |
| Ulcer Index | 1.41% | 1.70% |
| Daily Std Dev | 7.56% | 5.68% |
| Max Drawdown | -34.70% | -18.84% |
| Current Drawdown | -7.27% | -9.21% |
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EMB vs. BND - Expense Ratio Comparison
EMB has a 0.39% expense ratio, which is higher than BND's 0.03% expense ratio.
Correlation
The correlation between EMB and BND is 0.36, 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.
Risk-Adjusted Performance
EMB vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) and Vanguard Total Bond Market ETF (BND). 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
EMB vs. BND - Dividend Comparison
EMB's dividend yield for the trailing twelve months is around 4.96%, more than BND's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 4.96% | 4.74% | 5.04% | 3.90% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% | 4.56% | 4.75% |
BND Vanguard Total Bond Market ETF | 3.58% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
EMB vs. BND - Drawdown Comparison
The maximum EMB drawdown since its inception was -34.70%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for EMB and BND. For additional features, visit the drawdowns tool.
Volatility
EMB vs. BND - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a higher volatility of 2.12% compared to Vanguard Total Bond Market ETF (BND) at 1.64%. This indicates that EMB's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.