EMCB vs. GAEM

Last updated Jun 24, 2026

EMCB (WisdomTree Emerging Markets Corporate Bond Fund) and GAEM (Simplify Gamma Emerging Market Bond ETF) are both Emerging Markets Bonds funds. Both are actively managed. Over the past year, EMCB returned 6.40% vs 12.94% for GAEM. At a 0.26 correlation, their price movements are largely independent. EMCB charges 0.60%/yr vs 0.76%/yr for GAEM.

Performance

EMCB vs. GAEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and Simplify Gamma Emerging Market Bond ETF (GAEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMCB achieves a 2.12% return, which is significantly lower than GAEM's 4.21% 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%

GAEM

• 1D: 0.08%
• 1M: 2.34%
• YTD: 4.21%
• 6M: 4.94%
• 1Y: 12.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMCB vs. GAEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EMCB WisdomTree Emerging Markets Corporate Bond Fund	2.12%	8.19%	1.78%
GAEM Simplify Gamma Emerging Market Bond ETF	4.21%	13.55%	3.89%

Correlation

The correlation between EMCB and GAEM is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Aug 13, 2024	0.26

The correlation between EMCB and GAEM shifts across timeframes, from 0.26 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EMCB vs. GAEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMCB

EMCB Risk / Return Rank: 52
EMCB Sharpe Ratio Rank: 53
EMCB Sortino Ratio Rank: 58
EMCB Omega Ratio Rank: 57
EMCB Calmar Ratio Rank: 44
EMCB Martin Ratio Rank: 47

GAEM

GAEM Risk / Return Rank: 86
GAEM Sharpe Ratio Rank: 88
GAEM Sortino Ratio Rank: 93
GAEM Omega Ratio Rank: 90
GAEM Calmar Ratio Rank: 76
GAEM Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMCB vs. GAEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and Simplify Gamma Emerging Market Bond ETF (GAEM). 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	GAEM	Difference
Sharpe ratio: Return per unit of total volatility	1.70	2.69	-0.99
Sortino ratio: Return per unit of downside risk	2.57	4.33	-1.75
Omega ratio: Gain probability vs. loss probability	1.33	1.54	-0.22
Calmar ratio: Return relative to maximum drawdown	2.10	3.60	-1.50
Martin ratio: Return relative to average drawdown	7.40	16.38	-8.98

EMCB vs. GAEM - Sharpe Ratio Comparison

The current EMCB Sharpe Ratio is 1.70, which is lower than the GAEM Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of EMCB and GAEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EMCB vs. GAEM - Drawdown Comparison

The maximum EMCB drawdown since its inception was -22.81%, which is greater than GAEM's maximum drawdown of -3.84%. Use the drawdown chart below to compare losses from any high point for EMCB and GAEM.

Drawdown Indicators

	EMCB	GAEM	Difference
Max Drawdown Largest peak-to-trough decline	-22.81%	-3.84%	-18.97%
Max Drawdown (1Y) Largest decline over 1 year	-3.07%	-3.61%	+0.54%
Max Drawdown (3Y) Largest decline over 3 years	-4.20%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.81%	—	—
Current Drawdown Current decline from peak	-0.55%	-0.25%	-0.30%
Average Drawdown Average peak-to-trough decline	-4.22%	-0.51%	-3.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	0.79%	+0.08%

Volatility

EMCB vs. GAEM - Volatility Comparison

WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and Simplify Gamma Emerging Market Bond ETF (GAEM) have volatilities of 1.47% and 1.40%, 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.

Volatility by Period

	EMCB	GAEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.47%	1.40%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	3.06%	3.89%	-0.83%
Volatility (1Y) Calculated over the trailing 1-year period	3.79%	4.84%	-1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.93%	4.97%	+1.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.46%	4.97%	+3.49%

EMCB vs. GAEM - Expense Ratio Comparison

EMCB has a 0.60% expense ratio, which is lower than GAEM's 0.76% expense ratio.

Dividends

EMCB vs. GAEM - Dividend Comparison

EMCB's dividend yield for the trailing twelve months is around 5.35%, less than GAEM's 7.47% 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%
GAEM Simplify Gamma Emerging Market Bond ETF	7.47%	6.50%	3.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMCB and GAEM in my portfolio?

EMCB and GAEM have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMCB or GAEM?

EMCB has higher volatility (1.47%) compared to GAEM (1.40%). In terms of maximum drawdown, EMCB dropped -22.81% vs GAEM's -3.84%.

Which ETF is better, EMCB or GAEM?

On 1-year performance, GAEM leads with 12.94% vs 6.40% for EMCB. On fees, EMCB is cheaper at 0.60% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMCB or GAEM?

Over the 1-year period, GAEM has performed better with a 12.94% return vs 6.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMCB or GAEM?

EMCB is cheaper with a 0.60% expense ratio, compared with 0.76% for GAEM.

Which ETF pays a higher dividend yield, EMCB or GAEM?

GAEM has the higher dividend yield at 7.47%, compared with 5.35% for EMCB.

What is the main difference between EMCB and GAEM?

They also come from different issuers: WisdomTree and Simplify. Their fees differ too: 0.60% for EMCB and 0.76% for GAEM.

Which has better risk-adjusted returns?

GAEM currently has the higher Sharpe Ratio (2.69 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.