EMCB vs. EMB
Compare and contrast key facts about WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB).
EMCB and EMB 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. EMB is a passively managed fund by iShares that tracks the performance of the JPMorgan EMBI Global Core Index. It was launched on Dec 17, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMCB or EMB.
Key characteristics
| EMCB | EMB | |
|---|---|---|
| YTD Return | 7.53% | 6.44% |
| 1Y Return | 14.10% | 16.05% |
| 3Y Return (Ann) | 0.49% | -1.36% |
| 5Y Return (Ann) | 2.42% | 0.27% |
| 10Y Return (Ann) | 3.09% | 2.53% |
| Sharpe Ratio | 2.33 | 1.98 |
| Sortino Ratio | 3.59 | 2.91 |
| Omega Ratio | 1.44 | 1.35 |
| Calmar Ratio | 1.04 | 0.79 |
| Martin Ratio | 22.06 | 11.22 |
| Ulcer Index | 0.60% | 1.38% |
| Daily Std Dev | 5.72% | 7.78% |
| Max Drawdown | -22.81% | -34.70% |
| Current Drawdown | -1.18% | -6.77% |
Correlation
The correlation between EMCB and EMB is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EMCB vs. EMB - Performance Comparison
In the year-to-date period, EMCB achieves a 7.53% return, which is significantly higher than EMB's 6.44% return. Over the past 10 years, EMCB has outperformed EMB with an annualized return of 3.09%, while EMB has yielded a comparatively lower 2.53% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EMCB vs. EMB - Expense Ratio Comparison
EMCB has a 0.60% expense ratio, which is higher than EMB's 0.39% expense ratio.
Risk-Adjusted Performance
EMCB vs. EMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). 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.
Dividends
EMCB vs. EMB - Dividend Comparison
EMCB's dividend yield for the trailing twelve months is around 5.39%, more than EMB's 4.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 5.39% | 5.09% | 4.04% | 3.43% | 3.86% | 4.17% | 4.20% | 4.04% | 4.08% | 5.09% | 5.26% | 5.14% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 4.94% | 4.74% | 5.04% | 3.90% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% | 4.56% | 4.75% |
Drawdowns
EMCB vs. EMB - Drawdown Comparison
The maximum EMCB drawdown since its inception was -22.81%, smaller than the maximum EMB drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for EMCB and EMB. For additional features, visit the drawdowns tool.
Volatility
EMCB vs. EMB - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) is 1.76%, while iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a volatility of 2.23%. This indicates that EMCB experiences smaller price fluctuations and is considered to be less risky than EMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.