EMB vs. VTIP
Compare and contrast key facts about iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
EMB and VTIP 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. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012. Both EMB and VTIP 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 VTIP.
Performance
EMB vs. VTIP - Performance Comparison
Returns By Period
In the year-to-date period, EMB achieves a 5.86% return, which is significantly higher than VTIP's 4.42% return. Both investments have delivered pretty close results over the past 10 years, with EMB having a 2.45% annualized return and VTIP not far behind at 2.40%.
EMB
5.86%
-1.69%
3.69%
12.86%
0.29%
2.45%
VTIP
4.42%
-0.27%
2.91%
6.55%
3.51%
2.40%
Key characteristics
| EMB | VTIP | |
|---|---|---|
| Sharpe Ratio | 1.87 | 3.16 |
| Sortino Ratio | 2.72 | 5.62 |
| Omega Ratio | 1.33 | 1.73 |
| Calmar Ratio | 0.78 | 5.00 |
| Martin Ratio | 10.08 | 24.86 |
| Ulcer Index | 1.41% | 0.27% |
| Daily Std Dev | 7.56% | 2.13% |
| Max Drawdown | -34.70% | -6.27% |
| Current Drawdown | -7.27% | -0.59% |
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EMB vs. VTIP - Expense Ratio Comparison
EMB has a 0.39% expense ratio, which is higher than VTIP's 0.04% expense ratio.
Correlation
The correlation between EMB and VTIP is 0.39, 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. VTIP - 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 Short-Term Inflation-Protected Securities ETF (VTIP). 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. VTIP - Dividend Comparison
EMB's dividend yield for the trailing twelve months is around 4.96%, more than VTIP's 3.39% 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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.39% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
EMB vs. VTIP - Drawdown Comparison
The maximum EMB drawdown since its inception was -34.70%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for EMB and VTIP. For additional features, visit the drawdowns tool.
Volatility
EMB vs. VTIP - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a higher volatility of 2.12% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.49%. This indicates that EMB's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.