EMCB vs. EMHC
EMCB (WisdomTree Emerging Markets Corporate Bond Fund) and EMHC (SPDR Bloomberg Emerging Markets USD Bond ETF) are both Emerging Markets Bonds funds. EMCB is actively managed, while EMHC is passively managed. Over the past 5 years, EMCB returned 2.13%/yr vs 1.55%/yr for EMHC. A 0.53 correlation means they provide meaningful diversification when combined. EMCB charges 0.60%/yr vs 0.23%/yr for EMHC.
Performance
EMCB vs. EMHC - Performance Comparison
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Returns By Period
In the year-to-date period, EMCB achieves a 2.12% return, which is significantly higher than EMHC's 1.93% return.
EMCB
- 1D
- -0.17%
- 1M
- 1.01%
- YTD
- 2.12%
- 6M
- 1.71%
- 1Y
- 6.40%
- 3Y*
- 7.72%
- 5Y*
- 2.13%
- 10Y*
- 4.25%
EMHC
- 1D
- -0.18%
- 1M
- 1.60%
- YTD
- 1.93%
- 6M
- 2.03%
- 1Y
- 10.91%
- 3Y*
- 8.46%
- 5Y*
- 1.55%
- 10Y*
- —
EMCB vs. EMHC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 2.12% | 8.19% | 7.11% | 8.76% | -12.98% | 0.58% |
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | 1.93% | 14.07% | 3.52% | 10.06% | -17.75% | 1.56% |
Correlation
The correlation between EMCB and EMHC is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.53 |
The correlation between EMCB and EMHC shifts across timeframes, from 0.41 (3 years) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMCB vs. EMHC — Risk / Return Rank
EMCB
EMHC
EMCB vs. EMHC - 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 Emerging Markets USD Bond ETF (EMHC). 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 | EMHC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.50 | -0.41 |
| Martin ratioReturn relative to average drawdown | 7.40 | 10.44 | -3.05 |
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Drawdowns
EMCB vs. EMHC - Drawdown Comparison
The maximum EMCB drawdown since its inception was -22.81%, smaller than the maximum EMHC drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for EMCB and EMHC.
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Drawdown Indicators
| EMCB | EMHC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.81% | -28.03% | +5.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -4.37% | +1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -4.20% | -7.67% | +3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -28.03% | +6.53% |
Max Drawdown (10Y)Largest decline over 10 years | -22.81% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | -0.55% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -9.81% | +5.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 1.05% | -0.18% |
Volatility
EMCB vs. EMHC - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) is 1.47%, while SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) has a volatility of 1.65%. This indicates that EMCB experiences smaller price fluctuations and is considered to be less risky than EMHC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMCB | EMHC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.65% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 4.28% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 5.52% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.93% | 9.06% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.46% | 8.94% | -0.48% |
EMCB vs. EMHC - Expense Ratio Comparison
EMCB has a 0.60% expense ratio, which is higher than EMHC's 0.23% expense ratio.
Dividends
EMCB vs. EMHC - Dividend Comparison
EMCB's dividend yield for the trailing twelve months is around 5.35%, less than EMHC's 6.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 5.35% | 5.47% | 5.29% | 5.09% | 4.04% | 3.43% | 3.85% | 4.17% | 4.20% | 4.04% | 4.08% | 5.09% |
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | 6.09% | 6.16% | 5.95% | 5.12% | 5.11% | 2.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMCB and EMHC have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMHC has higher volatility (1.65%) compared to EMCB (1.47%). In terms of maximum drawdown, EMCB dropped -22.81% vs EMHC's -28.03%.
On 5-year performance, EMCB leads with 2.13% vs 1.55% for EMHC. On fees, EMHC is cheaper at 0.23% per year. On volatility, EMCB has been the lower-risk option at 1.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EMCB has performed better with a 2.13% return vs 1.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMHC is cheaper with a 0.23% expense ratio, compared with 0.60% for EMCB.
EMHC has the higher dividend yield at 6.09%, compared with 5.35% for EMCB.
They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.60% for EMCB and 0.23% for EMHC.
EMHC currently has the higher Sharpe Ratio (1.99 vs 1.70), 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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