EMCB vs. EMB
EMCB (WisdomTree Emerging Markets Corporate Bond Fund) and EMB (iShares J.P. Morgan USD Emerging Markets Bond ETF) are both Emerging Markets Bonds funds. EMCB is actively managed, while EMB is passively managed. Over the past 10 years, EMCB returned 4.19%/yr vs 3.33%/yr for EMB. At a 0.39 correlation, their price movements are largely independent. EMCB charges 0.60%/yr vs 0.39%/yr for EMB.
Performance
EMCB vs. EMB - Performance Comparison
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Returns By Period
In the year-to-date period, EMCB achieves a 1.94% return, which is significantly lower than EMB's 2.18% return. Over the past 10 years, EMCB has outperformed EMB with an annualized return of 4.19%, while EMB has yielded a comparatively lower 3.33% annualized return.
EMCB
- 1D
- 0.05%
- 1M
- 0.25%
- YTD
- 1.94%
- 6M
- 1.91%
- 1Y
- 7.64%
- 3Y*
- 7.93%
- 5Y*
- 2.14%
- 10Y*
- 4.19%
EMB
- 1D
- 0.26%
- 1M
- 1.15%
- YTD
- 2.18%
- 6M
- 2.44%
- 1Y
- 12.34%
- 3Y*
- 9.87%
- 5Y*
- 2.07%
- 10Y*
- 3.33%
EMCB vs. EMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 1.94% | 8.19% | 7.11% | 8.76% | -12.98% | -0.62% | 8.60% | 13.43% | -3.07% | 9.47% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 2.18% | 13.85% | 5.54% | 10.62% | -18.63% | -2.23% | 5.42% | 15.48% | -5.47% | 10.28% |
Correlation
The correlation between EMCB and EMB is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2012 | 0.39 |
The correlation between EMCB and EMB shifts across timeframes, from 0.39 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMCB vs. EMB — Risk / Return Rank
EMCB
EMB
EMCB vs. EMB - Risk-Adjusted Trends 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.
| EMCB | EMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.84 | 2.24 | -0.39 |
Sortino ratioReturn per unit of downside risk | 2.65 | 3.26 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.44 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.73 | -0.39 |
Martin ratioReturn relative to average drawdown | 8.29 | 11.69 | -3.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMCB | EMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 2.24 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.21 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.34 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.44 | +0.02 |
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.
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Drawdown Indicators
| EMCB | EMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.81% | -34.70% | +11.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -4.51% | +1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -4.20% | -7.95% | +3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -28.74% | +7.24% |
Max Drawdown (10Y)Largest decline over 10 years | -22.81% | -28.74% | +5.93% |
Current DrawdownCurrent decline from peak | -0.73% | 0.00% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -5.06% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.05% | -0.19% |
Volatility
EMCB vs. EMB - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) is 1.57%, while iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a volatility of 1.89%. 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.
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Volatility by Period
| EMCB | EMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.89% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 4.52% | -1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 5.55% | -1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 9.75% | -2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.48% | 9.96% | -1.48% |
EMCB vs. EMB - Expense Ratio Comparison
EMCB has a 0.60% expense ratio, which is higher than EMB's 0.39% expense ratio.
Dividends
EMCB vs. EMB - Dividend Comparison
EMCB's dividend yield for the trailing twelve months is around 5.36%, more than EMB's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.04% | 4.98% | 5.46% | 4.74% | 5.04% | 3.89% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% |
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 5.36% | 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 EMB have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMB has higher volatility (1.89%) compared to EMCB (1.57%). In terms of maximum drawdown, EMCB dropped -22.81% vs EMB's -34.70%.
On 10-year performance, EMCB leads with 4.19% vs 3.33% for EMB. On fees, EMB is cheaper at 0.39% per year. On volatility, EMCB has been the lower-risk option at 1.57%. 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 4.19% return vs 3.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMB is cheaper with a 0.39% expense ratio, compared with 0.60% for EMCB.
EMCB has the higher dividend yield at 5.36%, compared with 5.04% for EMB.
They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.60% for EMCB and 0.39% for EMB.
EMB currently has the higher Sharpe Ratio (2.24 vs 1.84), 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.
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