EMCB vs. 3199.HK

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF (3199.HK).

EMCB and 3199.HK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMCB is an actively managed fund by WisdomTree. It was launched on Mar 8, 2012. 3199.HK is a passively managed fund by CSOP that tracks the performance of the FTSE Chinese Government and Policy Bank Bond. It was launched on Feb 24, 2022.

Performance

EMCB vs. 3199.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF (3199.HK). The values are adjusted to include any dividend payments, if applicable.

EMCB vs. 3199.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMCB WisdomTree Emerging Markets Corporate Bond Fund	-0.16%	8.19%	7.11%	8.76%	-12.98%	-0.62%	8.60%	13.43%	-3.07%	9.47%
3199.HK ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF	2.78%	5.29%	3.79%	2.32%	-6.39%	6.72%	11.14%	1.14%	0.36%	5.40%

Different Trading Currencies

EMCB is traded in USD, while 3199.HK is traded in HKD. To make them comparable, the 3199.HK values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, EMCB achieves a -0.16% return, which is significantly lower than 3199.HK's 2.78% return. Over the past 10 years, EMCB has outperformed 3199.HK with an annualized return of 4.24%, while 3199.HK has yielded a comparatively lower 2.41% annualized return.

EMCB

• 1D: 0.02%
• 1M: -2.46%
• YTD: -0.16%
• 6M: 0.44%
• 1Y: 5.84%
• 3Y*: 7.33%
• 5Y*: 2.02%
• 10Y*: 4.24%

3199.HK

• 1D: 0.95%
• 1M: 0.77%
• YTD: 2.78%
• 6M: 5.22%
• 1Y: 8.27%
• 3Y*: 3.91%
• 5Y*: 3.02%
• 10Y*: 2.41%

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

EMCB vs. 3199.HK - Expense Ratio Comparison

EMCB has a 0.60% expense ratio, which is lower than 3199.HK's 0.62% expense ratio.

3199.HK

ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF

EMCB

WisdomTree Emerging Markets Corporate Bond Fund

Return for Risk

EMCB vs. 3199.HK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMCB

EMCB Risk / Return Rank: 51
EMCB Sharpe Ratio Rank: 40
EMCB Sortino Ratio Rank: 38
EMCB Omega Ratio Rank: 49
EMCB Calmar Ratio Rank: 61
EMCB Martin Ratio Rank: 64

3199.HK

3199.HK Risk / Return Rank: 89
3199.HK Sharpe Ratio Rank: 87
3199.HK Sortino Ratio Rank: 91
3199.HK Omega Ratio Rank: 85
3199.HK Calmar Ratio Rank: 93
3199.HK Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMCB vs. 3199.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF (3199.HK). 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.

	EMCB	3199.HK	Difference
Sharpe ratio Return per unit of total volatility	0.78	1.76	-0.98
Sortino ratio Return per unit of downside risk	1.16	2.64	-1.47
Omega ratio Gain probability vs. loss probability	1.20	1.33	-0.13
Calmar ratio Return relative to maximum drawdown	1.67	4.01	-2.34
Martin ratio Return relative to average drawdown	6.80	14.40	-7.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMCB vs. 3199.HK - Sharpe Ratio Comparison

The current EMCB Sharpe Ratio is 0.78, which is lower than the 3199.HK Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of EMCB and 3199.HK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EMCB	3199.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	1.76	-0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.59	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.49	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.51	-0.06

Correlation

The correlation between EMCB and 3199.HK is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EMCB vs. 3199.HK - Dividend Comparison

EMCB's dividend yield for the trailing twelve months is around 5.46%, more than 3199.HK's 3.30% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMCB WisdomTree Emerging Markets Corporate Bond Fund	5.46%	5.47%	5.29%	5.09%	4.04%	3.43%	3.85%	4.17%	4.20%	4.04%	4.08%	5.09%
3199.HK ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF	3.30%	3.34%	3.43%	3.51%	3.65%	3.40%	3.29%	3.57%	3.62%	3.39%	3.56%	3.69%

Drawdowns

EMCB vs. 3199.HK - Drawdown Comparison

The maximum EMCB drawdown since its inception was -22.81%, which is greater than 3199.HK's maximum drawdown of -11.56%. Use the drawdown chart below to compare losses from any high point for EMCB and 3199.HK.

Drawdown Indicators

	EMCB	3199.HK	Difference
Max Drawdown Largest peak-to-trough decline	-22.81%	-11.05%	-11.76%
Max Drawdown (1Y) Largest decline over 1 year	-3.43%	-1.67%	-1.76%
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	-11.05%	-10.45%
Max Drawdown (10Y) Largest decline over 10 years	-22.81%	-11.05%	-11.76%
Current Drawdown Current decline from peak	-2.78%	-0.17%	-2.61%
Average Drawdown Average peak-to-trough decline	-4.27%	-3.30%	-0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	0.71%	+0.13%

Volatility

EMCB vs. 3199.HK - Volatility Comparison

The current volatility for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) is 1.10%, while ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF (3199.HK) has a volatility of 1.76%. This indicates that EMCB experiences smaller price fluctuations and is considered to be less risky than 3199.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMCB	3199.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	1.76%	-0.66%
Volatility (6M) Calculated over the trailing 6-month period	2.49%	3.67%	-1.18%
Volatility (1Y) Calculated over the trailing 1-year period	7.47%	5.24%	+2.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.02%	5.80%	+1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.51%	5.76%	+2.75%