EMBX vs. NEMD
EMBX (VanEck Emerging Markets Bond ETF) and NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) are both Emerging Markets Bonds funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. EMBX charges 0.76%/yr vs 0.60%/yr for NEMD.
Performance
EMBX vs. NEMD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EMBX having a 3.68% return and NEMD slightly lower at 3.51%.
EMBX
- 1D
- -0.36%
- 1M
- 0.99%
- YTD
- 3.68%
- 6M
- 4.19%
- 1Y
- 13.48%
- 3Y*
- 9.41%
- 5Y*
- 4.20%
- 10Y*
- 5.12%
NEMD
- 1D
- -1.20%
- 1M
- 1.02%
- YTD
- 3.51%
- 6M
- 3.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMBX vs. NEMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMBX VanEck Emerging Markets Bond ETF | 3.68% | 5.67% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 3.51% | 7.10% |
Correlation
The correlation between EMBX and NEMD is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 11, 2025 | 0.82 |
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Return for Risk
EMBX vs. NEMD — Risk / Return Rank
EMBX
NEMD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | NEMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.44 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | — | — |
| Martin ratioReturn relative to average drawdown | 11.06 | — | — |
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Drawdowns
EMBX vs. NEMD - Drawdown Comparison
The maximum EMBX drawdown since its inception was -25.11%, 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.
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Drawdown Indicators
| EMBX | NEMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.11% | -4.43% | -20.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.14% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -7.41% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.11% | — | — |
Current DrawdownCurrent decline from peak | -0.89% | -1.31% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -0.56% | -6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | — | — |
Volatility
EMBX vs. NEMD - Volatility Comparison
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Volatility by Period
| EMBX | NEMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.07% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.97% | 6.65% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.14% | 6.65% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 6.65% | +0.02% |
EMBX vs. NEMD - Expense Ratio Comparison
EMBX has a 0.76% expense ratio, which is higher than NEMD's 0.60% expense ratio.
Dividends
EMBX vs. NEMD - Dividend Comparison
EMBX's dividend yield for the trailing twelve months is around 5.90%, more than NEMD's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMBX VanEck Emerging Markets Bond ETF | 5.90% | 6.95% | 8.20% | 5.49% | 8.21% | 5.50% | 6.56% | 7.89% | 7.25% | 7.66% | 3.94% | 6.84% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 4.74% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMBX and NEMD have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NEMD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NEMD is cheaper with a 0.60% expense ratio, compared with 0.76% for EMBX.
EMBX has the higher dividend yield at 5.90%, compared with 4.74% for NEMD.
They also come from different issuers: VanEck and Neuberger Berman. Their fees differ too: 0.76% for EMBX and 0.60% for NEMD.
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