EMCB vs. EMHY
EMCB (WisdomTree Emerging Markets Corporate Bond Fund) and EMHY (iShares J.P. Morgan EM High Yield Bond ETF) are both Emerging Markets Bonds funds. EMCB is actively managed, while EMHY is passively managed. Over the past 10 years, EMCB returned 3.83%/yr vs 4.28%/yr for EMHY. Their 0.39 correlation means their historical movements had little consistent relationship. EMCB charges 0.60%/yr vs 0.50%/yr for EMHY.
Performance
EMCB vs. EMHY - Performance Comparison
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Returns By Period
In the year-to-date period, EMCB achieves a 1.84% return, which is significantly lower than EMHY's 2.96% return. Over the past 10 years, EMCB has underperformed EMHY with an annualized return of 3.83%, while EMHY has yielded a comparatively higher 4.28% 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%
EMHY
- 1D
- 0.10%
- 1M
- -0.79%
- 6M
- 1.95%
- YTD
- 2.96%
- 1Y
- 9.70%
- 3Y*
- 11.65%
- 5Y*
- 4.38%
- 10Y*
- 4.28%
- ALL TIME*
- 4.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $161.65K | $154.71K | $333.62K | |
| $3.06M | $3.58M | $3.53M |
EMCB vs. EMHY - 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% |
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 2.96% | 13.70% | 11.97% | 11.47% | -13.03% | -1.91% | 3.83% | 12.98% | -5.21% | 8.54% |
Correlation
The correlation between EMCB and EMHY is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2012 | 0.39 |
The correlation between EMCB and EMHY shifts across timeframes, from 0.39 (3 years) to 0.53 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMCB vs. EMHY — Risk / Return Rank
EMCB
EMHY
EMCB vs. EMHY - 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 EM High Yield Bond ETF (EMHY). 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 | EMHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.21 | -0.63 |
| Martin ratioReturn relative to average drawdown | 5.45 | 9.86 | -4.41 |
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Drawdowns
EMCB vs. EMHY - Drawdown Comparison
The maximum EMCB drawdown since its inception was -22.81%, smaller than the maximum EMHY drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for EMCB and EMHY.
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Drawdown Indicators
| EMCB | EMHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.81% | -30.11% | +7.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -4.34% | +1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -4.20% | -5.95% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -25.83% | +4.33% |
Max Drawdown (10Y)Largest decline over 10 years | -22.81% | -30.11% | +7.30% |
Current DrawdownCurrent decline from peak | -0.82% | -0.86% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -4.84% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.97% | -0.08% |
Volatility
EMCB vs. EMHY - Volatility Comparison
WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and iShares J.P. Morgan EM High Yield Bond ETF (EMHY) have volatilities of 1.10% and 1.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMCB | EMHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.14% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 4.48% | -1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 5.70% | -2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 9.10% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.43% | 10.65% | -2.22% |
EMCB vs. EMHY - Expense Ratio Comparison
EMCB has a 0.60% expense ratio, which is higher than EMHY's 0.50% expense ratio.
Dividends
EMCB vs. EMHY - Dividend Comparison
EMCB's dividend yield for the trailing twelve months is around 5.40%, less than EMHY's 6.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 5.94% | 6.52% | 6.86% | 6.73% | 7.08% | 5.58% | 5.44% | 5.72% | 6.79% | 5.59% | 6.43% | 6.99% |
Frequently Asked Questions
EMCB and EMHY have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMHY has higher volatility (1.14%) compared to EMCB (1.10%). In terms of maximum drawdown, EMCB dropped -22.81% vs EMHY's -30.11%.
On 10-year performance, EMHY leads with 4.28% vs 3.83% for EMCB. On fees, EMHY is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EMHY has performed better with a 4.28% return vs 3.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMHY is cheaper with a 0.50% expense ratio, compared with 0.60% for EMCB.
EMHY has the higher dividend yield at 5.94%, compared with 5.40% for EMCB.
They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.60% for EMCB and 0.50% for EMHY.
EMHY currently has the higher Sharpe Ratio (1.68 vs 1.31), 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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