EMB vs. EMCB
EMB (iShares J.P. Morgan USD Emerging Markets Bond ETF) and EMCB (WisdomTree Emerging Markets Corporate Bond Fund) are both Emerging Markets Bonds funds. EMB is passively managed, while EMCB is actively managed. Over the past 10 years, EMB returned 3.29%/yr vs 4.20%/yr for EMCB. At a 0.39 correlation, their price movements are largely independent. EMB charges 0.39%/yr vs 0.60%/yr for EMCB.
Performance
EMB vs. EMCB - Performance Comparison
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Returns By Period
In the year-to-date period, EMB achieves a 1.80% return, which is significantly lower than EMCB's 2.03% return. Over the past 10 years, EMB has underperformed EMCB with an annualized return of 3.29%, while EMCB has yielded a comparatively higher 4.20% annualized return.
EMB
- 1D
- -0.37%
- 1M
- 1.29%
- YTD
- 1.80%
- 6M
- 1.93%
- 1Y
- 11.56%
- 3Y*
- 9.74%
- 5Y*
- 1.86%
- 10Y*
- 3.29%
EMCB
- 1D
- 0.09%
- 1M
- 0.53%
- YTD
- 2.03%
- 6M
- 2.01%
- 1Y
- 7.19%
- 3Y*
- 7.97%
- 5Y*
- 2.17%
- 10Y*
- 4.20%
EMB vs. EMCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 1.80% | 13.85% | 5.54% | 10.62% | -18.63% | -2.23% | 5.42% | 15.48% | -5.47% | 10.28% |
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 2.03% | 8.19% | 7.11% | 8.76% | -12.98% | -0.62% | 8.60% | 13.43% | -3.07% | 9.47% |
Correlation
The correlation between EMB and EMCB is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2012 | 0.39 |
The correlation between EMB and EMCB shifts across timeframes, from 0.38 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMB vs. EMCB — Risk / Return Rank
EMB
EMCB
EMB vs. EMCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) and WisdomTree Emerging Markets Corporate Bond Fund (EMCB). 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.
| EMB | EMCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.35 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.36 | +0.22 |
| Martin ratioReturn relative to average drawdown | 11.01 | 8.34 | +2.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMB | EMCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 1.75 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.31 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.50 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.46 | -0.03 |
Drawdowns
EMB vs. EMCB - Drawdown Comparison
The maximum EMB drawdown since its inception was -34.70%, which is greater than EMCB's maximum drawdown of -22.81%. Use the drawdown chart below to compare losses from any high point for EMB and EMCB.
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Drawdown Indicators
| EMB | EMCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.70% | -22.81% | -11.89% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -3.07% | -1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -7.95% | -4.20% | -3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -28.74% | -21.50% | -7.24% |
Max Drawdown (10Y)Largest decline over 10 years | -28.74% | -22.81% | -5.93% |
Current DrawdownCurrent decline from peak | -0.37% | -0.64% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -4.23% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.86% | +0.19% |
Volatility
EMB vs. EMCB - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a higher volatility of 1.85% compared to WisdomTree Emerging Markets Corporate Bond Fund (EMCB) at 1.55%. This indicates that EMB's price experiences larger fluctuations and is considered to be riskier than EMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMB | EMCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 1.55% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 4.52% | 2.89% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.56% | 4.16% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.75% | 6.94% | +2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.96% | 8.48% | +1.48% |
EMB vs. EMCB - Expense Ratio Comparison
EMB has a 0.39% expense ratio, which is lower than EMCB's 0.60% expense ratio.
Dividends
EMB vs. EMCB - Dividend Comparison
EMB's dividend yield for the trailing twelve months is around 5.06%, less than EMCB's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.06% | 4.98% | 5.46% | 4.74% | 5.04% | 3.89% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% |
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 5.35% | 5.47% | 5.29% | 5.09% | 4.04% | 3.43% | 3.85% | 4.17% | 4.20% | 4.04% | 4.08% | 5.09% |
Frequently Asked Questions
EMB and EMCB have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMB has higher volatility (1.85%) compared to EMCB (1.55%). In terms of maximum drawdown, EMB dropped -34.70% vs EMCB's -22.81%.
On 10-year performance, EMCB leads with 4.20% vs 3.29% for EMB. On fees, EMB is cheaper at 0.39% per year. On volatility, EMCB has been the lower-risk option at 1.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EMCB has performed better with a 4.20% return vs 3.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMB is cheaper with a 0.39% expense ratio, compared with 0.60% for EMCB.
EMCB has the higher dividend yield at 5.35%, compared with 5.06% for EMB.
They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.39% for EMB and 0.60% for EMCB.
EMB currently has the higher Sharpe Ratio (2.09 vs 1.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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