EMB vs. VWOB
Compare and contrast key facts about iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) and Vanguard Emerging Markets Government Bond ETF (VWOB).
EMB and VWOB 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. VWOB is a passively managed fund by Vanguard that tracks the performance of the Barclays USD Emerging Markets Government RIC Capped Index. It was launched on May 31, 2013. Both EMB and VWOB 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 VWOB.
Performance
EMB vs. VWOB - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with EMB having a 5.86% return and VWOB slightly lower at 5.74%. Over the past 10 years, EMB has underperformed VWOB with an annualized return of 2.45%, while VWOB has yielded a comparatively higher 2.83% annualized return.
EMB
5.86%
-1.69%
3.69%
12.86%
0.29%
2.45%
VWOB
5.74%
-1.85%
3.87%
13.39%
0.56%
2.83%
Key characteristics
| EMB | VWOB | |
|---|---|---|
| Sharpe Ratio | 1.87 | 1.97 |
| Sortino Ratio | 2.72 | 2.88 |
| Omega Ratio | 1.33 | 1.36 |
| Calmar Ratio | 0.78 | 0.85 |
| Martin Ratio | 10.08 | 10.21 |
| Ulcer Index | 1.41% | 1.38% |
| Daily Std Dev | 7.56% | 7.13% |
| Max Drawdown | -34.70% | -26.97% |
| Current Drawdown | -7.27% | -5.42% |
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EMB vs. VWOB - Expense Ratio Comparison
EMB has a 0.39% expense ratio, which is higher than VWOB's 0.20% expense ratio.
Correlation
The correlation between EMB and VWOB is 0.90, 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.
Risk-Adjusted Performance
EMB vs. VWOB - 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 Emerging Markets Government Bond ETF (VWOB). 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. VWOB - Dividend Comparison
EMB's dividend yield for the trailing twelve months is around 4.96%, less than VWOB's 5.87% 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% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.87% | 5.50% | 5.31% | 4.04% | 4.18% | 4.58% | 4.53% | 4.61% | 4.71% | 4.93% | 4.49% | 2.39% |
Drawdowns
EMB vs. VWOB - Drawdown Comparison
The maximum EMB drawdown since its inception was -34.70%, which is greater than VWOB's maximum drawdown of -26.97%. Use the drawdown chart below to compare losses from any high point for EMB and VWOB. For additional features, visit the drawdowns tool.
Volatility
EMB vs. VWOB - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a higher volatility of 2.12% compared to Vanguard Emerging Markets Government Bond ETF (VWOB) at 1.98%. This indicates that EMB's price experiences larger fluctuations and is considered to be riskier than VWOB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.