EMBD vs. EPI

Last updated Jun 4, 2026

EMBD (Global X Emerging Markets Bond ETF) and EPI (WisdomTree India Earnings Fund) are both exchange-traded funds - EMBD is a Emerging Markets Bonds fund actively managed by Global X, while EPI is a Asia Pacific Equities fund tracking the WisdomTree India Earnings Index. EMBD is actively managed, while EPI is passively managed. Over the past 5 years, EMBD returned 2.87%/yr vs 5.37%/yr for EPI. At a 0.31 correlation, their price movements are largely independent. EMBD charges 0.39%/yr vs 0.84%/yr for EPI.

Performance

EMBD vs. EPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Emerging Markets Bond ETF (EMBD) and WisdomTree India Earnings Fund (EPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMBD achieves a 1.27% return, which is significantly higher than EPI's -10.02% return.

EMBD

• 1D: -0.38%
• 1M: 0.94%
• YTD: 1.27%
• 6M: 2.05%
• 1Y: 10.34%
• 3Y*: 9.44%
• 5Y*: 2.87%
• 10Y*: —

EPI

• 1D: -1.40%
• 1M: -2.71%
• YTD: -10.02%
• 6M: -8.12%
• 1Y: -9.55%
• 3Y*: 7.59%
• 5Y*: 5.37%
• 10Y*: 8.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMBD vs. EPI - 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%
EPI WisdomTree India Earnings Fund	-10.02%	2.25%	10.70%	26.03%	-4.74%	26.41%	49.37%

Correlation

The correlation between EMBD and EPI is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.31

The correlation between EMBD and EPI shifts across timeframes, from 0.24 (3 years) to 0.34 (1 year), reflecting how their relationship changes across market environments.

EMBD vs. EPI - Sectors Allocation Comparison

Sectors	EMBD	EPI
Financial Services	0.8%	23.4%
Basic Materials	-	13.5%
Communication Services	-	2.0%
Consumer Cyclical	-	7.5%
Consumer Defensive	-	3.5%
Energy	-	17.3%
Healthcare	-	5.5%
Industrials	-	9.7%
Real Estate	-	0.9%
Technology	-	8.3%
Utilities	-	8.4%

Return for Risk

EMBD vs. EPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMBD

EMBD Risk / Return Rank: 52
EMBD Sharpe Ratio Rank: 50
EMBD Sortino Ratio Rank: 54
EMBD Omega Ratio Rank: 50
EMBD Calmar Ratio Rank: 50
EMBD Martin Ratio Rank: 55

EPI

EPI Risk / Return Rank: 3
EPI Sharpe Ratio Rank: 3
EPI Sortino Ratio Rank: 3
EPI Omega Ratio Rank: 3
EPI Calmar Ratio Rank: 4
EPI Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMBD vs. EPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets Bond ETF (EMBD) and WisdomTree India Earnings Fund (EPI). 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	EPI	Difference
Sharpe ratio: Return per unit of total volatility	1.73	-0.64	+2.38
Sortino ratio: Return per unit of downside risk	2.59	-0.84	+3.43
Omega ratio: Gain probability vs. loss probability	1.32	0.90	+0.41
Calmar ratio: Return relative to maximum drawdown	2.45	-0.57	+3.02
Martin ratio: Return relative to average drawdown	9.52	-1.39	+10.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMBD vs. EPI - Sharpe Ratio Comparison

The current EMBD Sharpe Ratio is 1.73, which is higher than the EPI Sharpe Ratio of -0.64. The chart below compares the historical Sharpe Ratios of EMBD and EPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EMBD	EPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	-0.64	+2.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.33	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.13	+0.32

Drawdowns

EMBD vs. EPI - Drawdown Comparison

The maximum EMBD drawdown since its inception was -24.27%, smaller than the maximum EPI drawdown of -66.21%. Use the drawdown chart below to compare losses from any high point for EMBD and EPI.

Drawdown Indicators

	EMBD	EPI	Difference
Max Drawdown Largest peak-to-trough decline	-24.27%	-66.21%	+41.94%
Max Drawdown (1Y) Largest decline over 1 year	-4.23%	-16.88%	+12.65%
Max Drawdown (3Y) Largest decline over 3 years	-7.03%	-21.89%	+14.86%
Max Drawdown (5Y) Largest decline over 5 years	-24.27%	-21.89%	-2.38%
Max Drawdown (10Y) Largest decline over 10 years	—	-50.29%	—
Current Drawdown Current decline from peak	-0.50%	-17.83%	+17.33%
Average Drawdown Average peak-to-trough decline	-5.88%	-18.65%	+12.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	6.87%	-5.78%

Volatility

EMBD vs. EPI - Volatility Comparison

The current volatility for Global X Emerging Markets Bond ETF (EMBD) is 1.62%, while WisdomTree India Earnings Fund (EPI) has a volatility of 4.86%. This indicates that EMBD experiences smaller price fluctuations and is considered to be less risky than EPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMBD	EPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.62%	4.86%	-3.24%
Volatility (6M) Calculated over the trailing 6-month period	4.16%	12.80%	-8.64%
Volatility (1Y) Calculated over the trailing 1-year period	6.00%	14.94%	-8.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.17%	16.21%	-7.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.89%	20.35%	-11.46%

EMBD vs. EPI - Expense Ratio Comparison

EMBD has a 0.39% expense ratio, which is lower than EPI's 0.84% expense ratio.

Dividends

EMBD vs. EPI - Dividend Comparison

EMBD's dividend yield for the trailing twelve months is around 5.69%, while EPI has not paid dividends to shareholders.

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%
EPI WisdomTree India Earnings Fund	0.00%	0.00%	0.27%	0.15%	6.01%	1.18%	0.78%	1.17%	1.18%	0.85%	1.05%	1.20%

Frequently Asked Questions

Can I hold both EMBD and EPI in my portfolio?

EMBD and EPI have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMBD or EPI?

EPI has higher volatility (4.86%) compared to EMBD (1.62%). In terms of maximum drawdown, EMBD dropped -24.27% vs EPI's -66.21%.

Which ETF is better, EMBD or EPI?

On 5-year performance, EPI leads with 5.37% 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.

Which ETF has performed better, EMBD or EPI?

Over the 5-year period, EPI has performed better with a 5.37% return vs 2.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMBD or EPI?

EMBD is cheaper with a 0.39% expense ratio, compared with 0.84% for EPI.

Which ETF pays a higher dividend yield, EMBD or EPI?

EMBD has the higher dividend yield at 5.69%, compared with 0.00% for EPI.

What is the main difference between EMBD and EPI?

EMBD is categorized as Emerging Markets Bonds, while EPI is Asia Pacific Equities. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.39% for EMBD and 0.84% for EPI.

Which has better risk-adjusted returns?

EMBD currently has the higher Sharpe Ratio (1.73 vs -0.64), 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.