EMBD vs. SHY
Compare and contrast key facts about Global X Emerging Markets Bond ETF (EMBD) and iShares 1-3 Year Treasury Bond ETF (SHY).
EMBD and SHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMBD is an actively managed fund by Global X. It was launched on Jun 1, 2020. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002.
Performance
EMBD vs. SHY - Performance Comparison
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EMBD vs. SHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMBD Global X Emerging Markets Bond ETF | -1.32% | 12.55% | 6.76% | 10.60% | -13.84% | -1.84% | 11.53% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.26% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 0.20% |
Returns By Period
In the year-to-date period, EMBD achieves a -1.32% return, which is significantly lower than SHY's 0.26% return.
EMBD
- 1D
- 0.17%
- 1M
- -2.17%
- YTD
- -1.32%
- 6M
- 1.55%
- 1Y
- 8.50%
- 3Y*
- 8.46%
- 5Y*
- 2.86%
- 10Y*
- —
SHY
- 1D
- -0.00%
- 1M
- -0.29%
- YTD
- 0.26%
- 6M
- 1.22%
- 1Y
- 3.57%
- 3Y*
- 3.88%
- 5Y*
- 1.70%
- 10Y*
- 1.65%
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EMBD vs. SHY - Expense Ratio Comparison
EMBD has a 0.39% expense ratio, which is higher than SHY's 0.15% expense ratio.
Return for Risk
EMBD vs. SHY — Risk / Return Rank
EMBD
SHY
EMBD vs. SHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets Bond ETF (EMBD) and iShares 1-3 Year Treasury Bond ETF (SHY). 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 | SHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 2.48 | -1.16 |
Sortino ratioReturn per unit of downside risk | 1.83 | 4.07 | -2.24 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.52 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | 4.06 | -1.99 |
Martin ratioReturn relative to average drawdown | 8.35 | 15.56 | -7.21 |
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 | SHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 2.48 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.87 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 1.29 | -0.87 |
Correlation
The correlation between EMBD and SHY is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EMBD vs. SHY - Dividend Comparison
EMBD's dividend yield for the trailing twelve months is around 5.77%, more than SHY's 3.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMBD Global X Emerging Markets Bond ETF | 5.77% | 5.48% | 5.83% | 5.29% | 4.53% | 4.99% | 3.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.72% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
Drawdowns
EMBD vs. SHY - Drawdown Comparison
The maximum EMBD drawdown since its inception was -24.27%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for EMBD and SHY.
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Drawdown Indicators
| EMBD | SHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.27% | -5.71% | -18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -4.23% | -0.89% | -3.34% |
Max Drawdown (5Y)Largest decline over 5 years | -24.27% | -5.71% | -18.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.71% | — |
Current DrawdownCurrent decline from peak | -3.04% | -0.47% | -2.57% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -0.52% | -5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.23% | +0.82% |
Volatility
EMBD vs. SHY - Volatility Comparison
Global X Emerging Markets Bond ETF (EMBD) has a higher volatility of 2.58% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.58%. This indicates that EMBD's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMBD | SHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 0.58% | +2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 0.89% | +3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.51% | 1.45% | +5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 1.97% | +7.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.96% | 1.56% | +7.40% |