EMB vs. EMHY
Compare and contrast key facts about iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) and iShares J.P. Morgan EM High Yield Bond ETF (EMHY).
EMB and EMHY 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. 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. Both EMB and EMHY 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 EMHY.
Correlation
The correlation between EMB and EMHY is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EMB vs. EMHY - Performance Comparison
Key characteristics
EMB:
1.33
EMHY:
2.26
EMB:
1.89
EMHY:
3.21
EMB:
1.23
EMHY:
1.43
EMB:
0.65
EMHY:
2.08
EMB:
6.09
EMHY:
15.96
EMB:
1.49%
EMHY:
0.86%
EMB:
6.77%
EMHY:
6.06%
EMB:
-34.70%
EMHY:
-30.11%
EMB:
-5.45%
EMHY:
-0.39%
Returns By Period
The year-to-date returns for both investments are quite close, with EMB having a 2.27% return and EMHY slightly higher at 2.28%. Over the past 10 years, EMB has underperformed EMHY with an annualized return of 2.71%, while EMHY has yielded a comparatively higher 4.32% annualized return.
EMB
2.27%
1.35%
1.12%
9.81%
-0.47%
2.71%
EMHY
2.28%
1.27%
4.72%
14.15%
2.16%
4.32%
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EMB vs. EMHY - Expense Ratio Comparison
EMB has a 0.39% expense ratio, which is lower than EMHY's 0.50% expense ratio.
Risk-Adjusted Performance
EMB vs. EMHY — Risk-Adjusted Performance Rank
EMB
EMHY
EMB vs. EMHY - 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 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
EMB vs. EMHY - Dividend Comparison
EMB's dividend yield for the trailing twelve months is around 5.45%, less than EMHY's 6.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.45% | 5.46% | 4.74% | 5.04% | 3.90% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% | 4.56% |
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 6.95% | 6.87% | 6.73% | 7.08% | 5.59% | 5.44% | 5.72% | 6.80% | 5.59% | 6.43% | 6.99% | 6.37% |
Drawdowns
EMB vs. EMHY - Drawdown Comparison
The maximum EMB drawdown since its inception was -34.70%, which is greater than EMHY's maximum drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for EMB and EMHY. For additional features, visit the drawdowns tool.
Volatility
EMB vs. EMHY - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a higher volatility of 1.69% compared to iShares J.P. Morgan EM High Yield Bond ETF (EMHY) at 1.26%. This indicates that EMB'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.