EMBX vs. MOAT
EMBX (VanEck Emerging Markets Bond ETF) and MOAT (VanEck Morningstar Wide Moat ETF) are both exchange-traded funds - EMBX is a Emerging Markets Bonds fund actively managed by VanEck, while MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index. EMBX is actively managed, while MOAT is passively managed. Over the past 10 years, EMBX returned 5.08%/yr vs 13.64%/yr for MOAT. At a 0.32 correlation, their price movements are largely independent. EMBX charges 0.76%/yr vs 0.47%/yr for MOAT.
Performance
EMBX vs. MOAT - Performance Comparison
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Returns By Period
In the year-to-date period, EMBX achieves a 3.35% return, which is significantly higher than MOAT's -2.39% return. Over the past 10 years, EMBX has underperformed MOAT with an annualized return of 5.08%, while MOAT has yielded a comparatively higher 13.64% annualized return.
EMBX
- 1D
- -0.32%
- 1M
- 0.67%
- YTD
- 3.35%
- 6M
- 3.36%
- 1Y
- 13.12%
- 3Y*
- 9.29%
- 5Y*
- 4.09%
- 10Y*
- 5.08%
MOAT
- 1D
- 0.09%
- 1M
- -1.13%
- YTD
- -2.39%
- 6M
- -2.98%
- 1Y
- 12.04%
- 3Y*
- 10.36%
- 5Y*
- 7.68%
- 10Y*
- 13.64%
EMBX vs. MOAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMBX VanEck Emerging Markets Bond ETF | 3.35% | 18.80% | 3.09% | 9.34% | -7.21% | -4.30% | 11.57% | 13.10% | -6.21% | 11.97% |
MOAT VanEck Morningstar Wide Moat ETF | -2.39% | 13.20% | 10.73% | 31.89% | -13.66% | 24.12% | 14.84% | 34.79% | -1.28% | 23.18% |
Correlation
The correlation between EMBX and MOAT is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2012 | 0.32 |
The correlation between EMBX and MOAT shifts across timeframes, from 0.32 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMBX vs. MOAT — Risk / Return Rank
EMBX
MOAT
EMBX vs. MOAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Emerging Markets Bond ETF (EMBX) and VanEck Morningstar Wide Moat ETF (MOAT). 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.
| EMBX | MOAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.15 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 0.97 | +1.59 |
| Martin ratioReturn relative to average drawdown | 10.74 | 2.92 | +7.82 |
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Drawdowns
EMBX vs. MOAT - Drawdown Comparison
The maximum EMBX drawdown since its inception was -25.11%, smaller than the maximum MOAT drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for EMBX and MOAT.
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Drawdown Indicators
| EMBX | MOAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.11% | -33.31% | +8.20% |
Max Drawdown (1Y)Largest decline over 1 year | -5.14% | -12.43% | +7.29% |
Max Drawdown (3Y)Largest decline over 3 years | -7.41% | -21.44% | +14.03% |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | -23.96% | +0.87% |
Max Drawdown (10Y)Largest decline over 10 years | -25.11% | -33.31% | +8.20% |
Current DrawdownCurrent decline from peak | -1.21% | -6.12% | +4.91% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -3.83% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 4.13% | -2.91% |
Volatility
EMBX vs. MOAT - Volatility Comparison
The current volatility for VanEck Emerging Markets Bond ETF (EMBX) is 2.08%, while VanEck Morningstar Wide Moat ETF (MOAT) has a volatility of 4.72%. This indicates that EMBX experiences smaller price fluctuations and is considered to be less risky than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMBX | MOAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 4.72% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 5.08% | 10.23% | -5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.97% | 13.99% | -8.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.14% | 18.24% | -12.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 18.65% | -11.98% |
EMBX vs. MOAT - Expense Ratio Comparison
EMBX has a 0.76% expense ratio, which is higher than MOAT's 0.47% expense ratio.
Dividends
EMBX vs. MOAT - Dividend Comparison
EMBX's dividend yield for the trailing twelve months is around 5.92%, more than MOAT's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMBX VanEck Emerging Markets Bond ETF | 5.92% | 6.95% | 8.20% | 5.49% | 8.21% | 5.50% | 6.56% | 7.89% | 7.25% | 7.66% | 3.94% | 6.84% |
MOAT VanEck Morningstar Wide Moat ETF | 1.39% | 1.36% | 1.37% | 0.86% | 1.25% | 1.08% | 1.46% | 1.31% | 1.79% | 1.07% | 1.17% | 2.13% |
Frequently Asked Questions
EMBX and MOAT have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MOAT has higher volatility (4.72%) compared to EMBX (2.08%). In terms of maximum drawdown, EMBX dropped -25.11% vs MOAT's -33.31%.
On 10-year performance, MOAT leads with 13.64% vs 5.08% for EMBX. On fees, MOAT is cheaper at 0.47% per year. On volatility, EMBX has been the lower-risk option at 2.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MOAT has performed better with a 13.64% return vs 5.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MOAT is cheaper with a 0.47% expense ratio, compared with 0.76% for EMBX.
EMBX has the higher dividend yield at 5.92%, compared with 1.39% for MOAT.
EMBX is categorized as Emerging Markets Bonds, while MOAT is Large Cap Blend Equities. Their fees differ too: 0.76% for EMBX and 0.47% for MOAT.
EMBX currently has the higher Sharpe Ratio (2.21 vs 0.87), 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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