EMBX vs. NEMD

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Emerging Markets Bond ETF (EMBX) and Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD).

EMBX and NEMD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMBX is an actively managed fund by VanEck. It was launched on Oct 6, 2025. NEMD is an actively managed fund by Neuberger Berman. It was launched on Sep 27, 2013.

Performance

EMBX vs. NEMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Emerging Markets Bond ETF (EMBX) and Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD). The values are adjusted to include any dividend payments, if applicable.

EMBX vs. NEMD - Yearly Performance Comparison

	2026 (YTD)	2025
EMBX VanEck Emerging Markets Bond ETF	0.42%	2.86%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	-0.02%	3.74%

Returns By Period

In the year-to-date period, EMBX achieves a 0.42% return, which is significantly higher than NEMD's -0.02% return.

EMBX

• 1D: 0.63%
• 1M: -2.46%
• YTD: 0.42%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEMD

• 1D: 0.34%
• 1M: -2.63%
• YTD: -0.02%
• 6M: 3.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMBX vs. NEMD - Expense Ratio Comparison

EMBX has a 0.76% expense ratio, which is higher than NEMD's 0.60% expense ratio.

EMBX

VanEck Emerging Markets Bond ETF

NEMD

Neuberger Berman Emerging Markets Debt Hard Currency ETF

Return for Risk

EMBX vs. NEMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Emerging Markets Bond ETF (EMBX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EMBX	NEMD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	1.79	-0.64

Correlation

The correlation between EMBX and NEMD is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

EMBX vs. NEMD - Dividend Comparison

EMBX's dividend yield for the trailing twelve months is around 2.72%, less than NEMD's 3.87% yield.

	TTM	2025
EMBX VanEck Emerging Markets Bond ETF	2.72%	1.47%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	3.87%	2.39%

Drawdowns

EMBX vs. NEMD - Drawdown Comparison

The maximum EMBX drawdown since its inception was -5.14%, which is greater than NEMD's maximum drawdown of -4.43%. Use the drawdown chart below to compare losses from any high point for EMBX and NEMD.

Drawdown Indicators

	EMBX	NEMD	Difference
Max Drawdown Largest peak-to-trough decline	-5.14%	-4.43%	-0.71%
Current Drawdown Current decline from peak	-3.39%	-3.03%	-0.36%
Average Drawdown Average peak-to-trough decline	-0.79%	-0.51%	-0.28%

Volatility

Volatility by Period

	EMBX	NEMD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	6.05%	6.30%	-0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.05%	6.30%	-0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.05%	6.30%	-0.25%