EMB vs. FEDCX
Compare and contrast key facts about iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) and Fidelity Series Emerging Markets Debt Fund (FEDCX).
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. FEDCX is managed by Fidelity. It was launched on Mar 17, 2011.
Performance
EMB vs. FEDCX - Performance Comparison
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EMB vs. FEDCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | -1.61% | 13.85% | 5.54% | 10.62% | -18.63% | -2.23% | 5.42% | 15.48% | -5.47% | 10.28% |
FEDCX Fidelity Series Emerging Markets Debt Fund | -1.36% | 14.91% | 7.39% | 11.92% | -16.08% | -1.28% | 4.78% | 10.50% | -4.55% | 10.59% |
Returns By Period
In the year-to-date period, EMB achieves a -1.61% return, which is significantly lower than FEDCX's -1.36% return. Over the past 10 years, EMB has underperformed FEDCX with an annualized return of 3.18%, while FEDCX has yielded a comparatively higher 4.26% annualized return.
EMB
- 1D
- 0.88%
- 1M
- -3.49%
- YTD
- -1.61%
- 6M
- 1.15%
- 1Y
- 9.10%
- 3Y*
- 8.35%
- 5Y*
- 1.77%
- 10Y*
- 3.18%
FEDCX
- 1D
- -0.12%
- 1M
- -4.03%
- YTD
- -1.36%
- 6M
- 2.12%
- 1Y
- 10.62%
- 3Y*
- 10.26%
- 5Y*
- 3.39%
- 10Y*
- 4.26%
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EMB vs. FEDCX - Expense Ratio Comparison
EMB has a 0.39% expense ratio, which is higher than FEDCX's 0.00% expense ratio.
Return for Risk
EMB vs. FEDCX — Risk / Return Rank
EMB
FEDCX
EMB vs. FEDCX - 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 Fidelity Series Emerging Markets Debt Fund (FEDCX). 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 | FEDCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 2.13 | -0.82 |
Sortino ratioReturn per unit of downside risk | 1.86 | 3.02 | -1.16 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.45 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | 2.27 | -0.20 |
Martin ratioReturn relative to average drawdown | 8.46 | 9.97 | -1.50 |
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 | FEDCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 2.13 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.54 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.65 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.71 | -0.29 |
Correlation
The correlation between EMB and FEDCX is 0.68, 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.
Dividends
EMB vs. FEDCX - Dividend Comparison
EMB's dividend yield for the trailing twelve months is around 5.09%, less than FEDCX's 5.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.09% | 4.98% | 5.46% | 4.74% | 5.04% | 3.89% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% |
FEDCX Fidelity Series Emerging Markets Debt Fund | 5.53% | 5.97% | 5.18% | 5.55% | 3.84% | 3.81% | 4.99% | 5.89% | 6.08% | 7.33% | 7.03% | 5.61% |
Drawdowns
EMB vs. FEDCX - Drawdown Comparison
The maximum EMB drawdown since its inception was -34.70%, which is greater than FEDCX's maximum drawdown of -26.00%. Use the drawdown chart below to compare losses from any high point for EMB and FEDCX.
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Drawdown Indicators
| EMB | FEDCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.70% | -26.00% | -8.70% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -4.87% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -28.74% | -26.00% | -2.74% |
Max Drawdown (10Y)Largest decline over 10 years | -28.74% | -26.00% | -2.74% |
Current DrawdownCurrent decline from peak | -3.50% | -4.07% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -4.40% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.11% | -0.01% |
Volatility
EMB vs. FEDCX - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a higher volatility of 3.12% compared to Fidelity Series Emerging Markets Debt Fund (FEDCX) at 1.86%. This indicates that EMB's price experiences larger fluctuations and is considered to be riskier than FEDCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMB | FEDCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 1.86% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 4.01% | 3.05% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.95% | 5.22% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.75% | 6.27% | +3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.94% | 6.59% | +3.35% |