EMB vs. BNDX
Compare and contrast key facts about iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) and Vanguard Total International Bond ETF (BNDX).
EMB and BNDX 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. BNDX is a passively managed fund by Vanguard that tracks the performance of the Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged). It was launched on May 31, 2013. Both EMB and BNDX 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 BNDX.
Performance
EMB vs. BNDX - Performance Comparison
Returns By Period
In the year-to-date period, EMB achieves a 5.86% return, which is significantly higher than BNDX's 3.15% return. Over the past 10 years, EMB has outperformed BNDX with an annualized return of 2.45%, while BNDX has yielded a comparatively lower 2.03% annualized return.
EMB
5.86%
-1.69%
3.69%
12.86%
0.29%
2.45%
BNDX
3.15%
-0.36%
3.75%
7.27%
-0.01%
2.03%
Key characteristics
| EMB | BNDX | |
|---|---|---|
| Sharpe Ratio | 1.87 | 1.89 |
| Sortino Ratio | 2.72 | 2.86 |
| Omega Ratio | 1.33 | 1.33 |
| Calmar Ratio | 0.78 | 0.70 |
| Martin Ratio | 10.08 | 6.87 |
| Ulcer Index | 1.41% | 1.14% |
| Daily Std Dev | 7.56% | 4.13% |
| Max Drawdown | -34.70% | -16.23% |
| Current Drawdown | -7.27% | -4.45% |
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EMB vs. BNDX - Expense Ratio Comparison
EMB has a 0.39% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Correlation
The correlation between EMB and BNDX is 0.41, 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.
Risk-Adjusted Performance
EMB vs. BNDX - 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 International Bond ETF (BNDX). 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. BNDX - Dividend Comparison
EMB's dividend yield for the trailing twelve months is around 4.96%, more than BNDX's 4.77% 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% |
BNDX Vanguard Total International Bond ETF | 4.77% | 4.42% | 1.52% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
EMB vs. BNDX - Drawdown Comparison
The maximum EMB drawdown since its inception was -34.70%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for EMB and BNDX. For additional features, visit the drawdowns tool.
Volatility
EMB vs. BNDX - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a higher volatility of 2.12% compared to Vanguard Total International Bond ETF (BNDX) at 0.95%. This indicates that EMB's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.