EMBD vs. EMBX
EMBD (Global X Emerging Markets Bond ETF) and EMBX (VanEck Emerging Markets Bond ETF) are both Emerging Markets Bonds funds. Both are actively managed. Over the past 5 years, EMBD returned 2.87%/yr vs 3.88%/yr for EMBX. At a 0.49 correlation, their price movements are largely independent. EMBD charges 0.39%/yr vs 0.76%/yr for EMBX.
Performance
EMBD vs. EMBX - Performance Comparison
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Returns By Period
In the year-to-date period, EMBD achieves a 1.27% return, which is significantly lower than EMBX's 3.49% return.
EMBD
- 1D
- -0.38%
- 1M
- 0.94%
- YTD
- 1.27%
- 6M
- 2.05%
- 1Y
- 10.34%
- 3Y*
- 9.44%
- 5Y*
- 2.87%
- 10Y*
- —
EMBX
- 1D
- -0.40%
- 1M
- 0.90%
- YTD
- 3.49%
- 6M
- 3.62%
- 1Y
- 15.18%
- 3Y*
- 10.16%
- 5Y*
- 3.88%
- 10Y*
- 5.10%
EMBD vs. EMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMBD Global X Emerging Markets Bond ETF | 1.27% | 12.55% | 6.76% | 10.60% | -13.84% | -1.84% | 11.53% |
EMBX VanEck Emerging Markets Bond ETF | 3.49% | 18.80% | 3.09% | 9.34% | -7.21% | -4.30% | 17.38% |
Correlation
The correlation between EMBD and EMBX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.49 |
The correlation between EMBD and EMBX has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.
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Return for Risk
EMBD vs. EMBX — Risk / Return Rank
EMBD
EMBX
EMBD vs. EMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets Bond ETF (EMBD) and VanEck Emerging Markets Bond ETF (EMBX). 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.
| EMBD | EMBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.52 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.96 | -0.51 |
| Martin ratioReturn relative to average drawdown | 9.52 | 12.58 | -3.06 |
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
| EMBD | EMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 2.66 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.64 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.52 | -0.07 |
Drawdowns
EMBD vs. EMBX - Drawdown Comparison
The maximum EMBD drawdown since its inception was -24.27%, roughly equal to the maximum EMBX drawdown of -25.11%. Use the drawdown chart below to compare losses from any high point for EMBD and EMBX.
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Drawdown Indicators
| EMBD | EMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.27% | -25.11% | +0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -4.23% | -5.14% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -7.03% | -7.41% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -24.27% | -24.07% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.11% | — |
Current DrawdownCurrent decline from peak | -0.50% | -0.62% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -7.08% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 1.21% | -0.12% |
Volatility
EMBD vs. EMBX - Volatility Comparison
The current volatility for Global X Emerging Markets Bond ETF (EMBD) is 1.62%, while VanEck Emerging Markets Bond ETF (EMBX) has a volatility of 1.73%. This indicates that EMBD experiences smaller price fluctuations and is considered to be less risky than EMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMBD | EMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.73% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.16% | 4.77% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.00% | 5.72% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.17% | 6.10% | +3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.89% | 6.65% | +2.24% |
EMBD vs. EMBX - Expense Ratio Comparison
EMBD has a 0.39% expense ratio, which is lower than EMBX's 0.76% expense ratio.
Dividends
EMBD vs. EMBX - Dividend Comparison
EMBD's dividend yield for the trailing twelve months is around 5.69%, less than EMBX's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMBD Global X Emerging Markets Bond ETF | 5.69% | 5.48% | 5.83% | 5.29% | 4.53% | 4.99% | 3.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMBX VanEck Emerging Markets Bond ETF | 5.91% | 6.95% | 8.20% | 5.49% | 8.21% | 5.50% | 6.56% | 7.89% | 7.25% | 7.66% | 3.94% | 6.84% |
Frequently Asked Questions
EMBD and EMBX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMBX has higher volatility (1.73%) compared to EMBD (1.62%). In terms of maximum drawdown, EMBD dropped -24.27% vs EMBX's -25.11%.
On 5-year performance, EMBX leads with 3.88% vs 2.87% for EMBD. On fees, EMBD is cheaper at 0.39% per year. On volatility, EMBD has been the lower-risk option at 1.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EMBX has performed better with a 3.88% return vs 2.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMBD is cheaper with a 0.39% expense ratio, compared with 0.76% for EMBX.
EMBX has the higher dividend yield at 5.91%, compared with 5.69% for EMBD.
They also come from different issuers: Global X and VanEck. Their fees differ too: 0.39% for EMBD and 0.76% for EMBX.
EMBX currently has the higher Sharpe Ratio (2.66 vs 1.73), 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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