EMBD vs. NEMD
EMBD (Global X Emerging Markets Bond ETF) and NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) are both Emerging Markets Bonds funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. EMBD charges 0.39%/yr vs 0.60%/yr for NEMD.
Performance
EMBD vs. NEMD - Performance Comparison
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Returns By Period
In the year-to-date period, EMBD achieves a 2.10% return, which is significantly lower than NEMD's 4.35% return.
EMBD
- 1D
- 0.28%
- 1M
- -0.23%
- 6M
- 2.28%
- YTD
- 2.10%
- 1Y
- 9.17%
- 3Y*
- 8.80%
- 5Y*
- 2.96%
- 10Y*
- —
NEMD
- 1D
- 0.17%
- 1M
- -0.51%
- 6M
- 3.65%
- YTD
- 4.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMBD vs. NEMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMBD Global X Emerging Markets Bond ETF | 2.10% | 5.07% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 4.35% | 7.10% |
Correlation
The correlation between EMBD and NEMD is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 11, 2025 | 0.70 |
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Return for Risk
EMBD vs. NEMD — Risk / Return Rank
EMBD
NEMD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EMBD vs. NEMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets Bond ETF (EMBD) and Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMBD | NEMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | — | — |
| Martin ratioReturn relative to average drawdown | 8.52 | — | — |
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Drawdowns
EMBD vs. NEMD - Drawdown Comparison
The maximum EMBD drawdown since its inception was -24.27%, which is greater than NEMD's maximum drawdown of -4.43%. Use the drawdown chart below to compare losses from any high point for EMBD and NEMD.
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Drawdown Indicators
| EMBD | NEMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.27% | -4.43% | -19.84% |
Max Drawdown (1Y)Largest decline over 1 year | -4.23% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -7.03% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.27% | — | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.51% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -0.56% | -5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | — | — |
Volatility
EMBD vs. NEMD - Volatility Comparison
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Volatility by Period
| EMBD | NEMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 6.52% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.18% | 6.52% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.83% | 6.52% | +2.31% |
EMBD vs. NEMD - Expense Ratio Comparison
EMBD has a 0.39% expense ratio, which is lower than NEMD's 0.60% expense ratio.
Dividends
EMBD vs. NEMD - Dividend Comparison
EMBD's dividend yield for the trailing twelve months is around 5.68%, more than NEMD's 5.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EMBD Global X Emerging Markets Bond ETF | 5.68% | 5.48% | 5.83% | 5.29% | 4.53% | 4.99% | 3.34% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 5.22% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMBD and NEMD have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMBD is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMBD is cheaper with a 0.39% expense ratio, compared with 0.60% for NEMD.
EMBD has the higher dividend yield at 5.68%, compared with 5.22% for NEMD.
They also come from different issuers: Global X and Neuberger Berman. Their fees differ too: 0.39% for EMBD and 0.60% for NEMD.
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