EMCB vs. EBND
EMCB (WisdomTree Emerging Markets Corporate Bond Fund) and EBND (SPDR Bloomberg Barclays Emerging Markets Local Bond ETF) are both Emerging Markets Bonds funds. EMCB is actively managed, while EBND is passively managed. Over the past 10 years, EMCB returned 3.83%/yr vs 1.42%/yr for EBND. Their 0.30 correlation means their historical movements had little consistent relationship. EMCB charges 0.60%/yr vs 0.30%/yr for EBND.
Performance
EMCB vs. EBND - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMCB achieves a 1.84% return, which is significantly higher than EBND's 0.87% return. Over the past 10 years, EMCB has outperformed EBND with an annualized return of 3.83%, while EBND has yielded a comparatively lower 1.42% annualized return.
EMCB
- 1D
- -0.14%
- 1M
- -0.32%
- 6M
- 0.75%
- YTD
- 1.84%
- 1Y
- 4.81%
- 3Y*
- 7.22%
- 5Y*
- 2.03%
- 10Y*
- 3.83%
- ALL TIME*
- 3.68%
EBND
- 1D
- -0.24%
- 1M
- 0.29%
- 6M
- -0.48%
- YTD
- 0.87%
- 1Y
- 5.00%
- 3Y*
- 5.35%
- 5Y*
- 0.73%
- 10Y*
- 1.42%
- ALL TIME*
- 1.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.14M | $5.71M | $6.29M | |
| $161.65K | $154.71K | $333.62K |
EMCB vs. EBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 1.84% | 8.19% | 7.11% | 8.76% | -12.98% | -0.62% | 8.60% | 13.43% | -3.07% | 9.47% |
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | 0.87% | 15.83% | -2.70% | 9.02% | -11.84% | -9.66% | 4.49% | 10.40% | -6.52% | 13.93% |
Correlation
The correlation between EMCB and EBND is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2012 | 0.30 |
The correlation between EMCB and EBND shifts across timeframes, from 0.30 (all time) to 0.40 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMCB vs. EBND — Risk / Return Rank
EMCB
EBND
EMCB vs. EBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND). 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.
| EMCB | EBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 0.89 | +0.69 |
| Martin ratioReturn relative to average drawdown | 5.45 | 2.62 | +2.83 |
Loading charts...
Drawdowns
EMCB vs. EBND - Drawdown Comparison
The maximum EMCB drawdown since its inception was -22.81%, smaller than the maximum EBND drawdown of -29.51%. Use the drawdown chart below to compare losses from any high point for EMCB and EBND.
Loading charts...
Drawdown Indicators
| EMCB | EBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.81% | -29.51% | +6.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -6.63% | +3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -4.20% | -7.31% | +3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -26.12% | +4.62% |
Max Drawdown (10Y)Largest decline over 10 years | -22.81% | -29.50% | +6.69% |
Current DrawdownCurrent decline from peak | -0.82% | -2.17% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -10.78% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 2.26% | -1.37% |
Volatility
EMCB vs. EBND - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) is 1.10%, while SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) has a volatility of 1.78%. This indicates that EMCB experiences smaller price fluctuations and is considered to be less risky than EBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMCB | EBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.78% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 6.38% | -3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 7.11% | -3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 9.00% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.43% | 9.08% | -0.65% |
EMCB vs. EBND - Expense Ratio Comparison
EMCB has a 0.60% expense ratio, which is higher than EBND's 0.30% expense ratio.
Dividends
EMCB vs. EBND - Dividend Comparison
EMCB's dividend yield for the trailing twelve months is around 5.40%, less than EBND's 5.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | 5.37% | 5.54% | 5.89% | 5.26% | 4.75% | 3.83% | 3.67% | 4.68% | 4.70% | 2.00% | 0.00% | 0.00% |
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 5.40% | 5.47% | 5.29% | 5.09% | 4.04% | 3.43% | 3.85% | 4.17% | 4.20% | 4.04% | 4.08% | 5.09% |
Frequently Asked Questions
EMCB and EBND have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EBND has higher volatility (1.78%) compared to EMCB (1.10%). In terms of maximum drawdown, EMCB dropped -22.81% vs EBND's -29.51%.
On 10-year performance, EMCB leads with 3.83% vs 1.42% for EBND. On fees, EBND is cheaper at 0.30% per year. On volatility, EMCB has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EMCB has performed better with a 3.83% return vs 1.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EBND is cheaper with a 0.30% expense ratio, compared with 0.60% for EMCB.
EMCB has the higher dividend yield at 5.40%, compared with 5.37% for EBND.
They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.60% for EMCB and 0.30% for EBND.
EMCB currently has the higher Sharpe Ratio (1.31 vs 0.84), 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.
Find the right allocation for EMCB and EBND
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer