EMCB vs. GEMD
EMCB (WisdomTree Emerging Markets Corporate Bond Fund) and GEMD (Goldman Sachs Access Emerging Markets USD Bond ETF) are both Emerging Markets Bonds funds. EMCB is actively managed, while GEMD is passively managed. Over the past 3 years, EMCB returned 7.22%/yr vs 7.29%/yr for GEMD. Their 0.53 correlation means they have sometimes moved together and sometimes differently. EMCB charges 0.60%/yr vs 0.39%/yr for GEMD.
Performance
EMCB vs. GEMD - Performance Comparison
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Returns By Period
In the year-to-date period, EMCB achieves a 1.84% return, which is significantly higher than GEMD's 0.66% 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%
GEMD
- 1D
- -0.01%
- 1M
- -1.75%
- 6M
- 0.26%
- YTD
- 0.66%
- 1Y
- 6.62%
- 3Y*
- 7.29%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $161.65K | $154.71K | $333.62K | |
| $98.79K | $107.77K | $129.61K |
EMCB vs. GEMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 1.84% | 8.19% | 7.11% | 8.76% | -9.67% |
GEMD Goldman Sachs Access Emerging Markets USD Bond ETF | 0.66% | 13.67% | 3.31% | 8.51% | -15.70% |
Correlation
The correlation between EMCB and GEMD is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022 | 0.53 |
The correlation between EMCB and GEMD shifts across timeframes, from 0.42 (3 years) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMCB vs. GEMD — Risk / Return Rank
EMCB
GEMD
EMCB vs. GEMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD). 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 | GEMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.51 | +0.07 |
| Martin ratioReturn relative to average drawdown | 5.45 | 6.01 | -0.56 |
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Drawdowns
EMCB vs. GEMD - Drawdown Comparison
The maximum EMCB drawdown since its inception was -22.81%, smaller than the maximum GEMD drawdown of -24.56%. Use the drawdown chart below to compare losses from any high point for EMCB and GEMD.
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Drawdown Indicators
| EMCB | GEMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.81% | -24.56% | +1.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -4.64% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -4.20% | -6.58% | +2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.81% | — | — |
Current DrawdownCurrent decline from peak | -0.82% | -2.01% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -7.91% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 1.16% | -0.27% |
Volatility
EMCB vs. GEMD - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) is 1.10%, while Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) has a volatility of 1.37%. This indicates that EMCB experiences smaller price fluctuations and is considered to be less risky than GEMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMCB | GEMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.37% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 4.61% | -1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 5.69% | -1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 9.82% | -2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.43% | 9.82% | -1.39% |
EMCB vs. GEMD - Expense Ratio Comparison
EMCB has a 0.60% expense ratio, which is higher than GEMD's 0.39% expense ratio.
Dividends
EMCB vs. GEMD - Dividend Comparison
EMCB's dividend yield for the trailing twelve months is around 5.40%, less than GEMD's 5.77% 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% |
GEMD Goldman Sachs Access Emerging Markets USD Bond ETF | 5.30% | 6.32% | 5.79% | 5.70% | 5.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMCB and GEMD have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GEMD has higher volatility (1.37%) compared to EMCB (1.10%). In terms of maximum drawdown, EMCB dropped -22.81% vs GEMD's -24.56%.
On 3-year performance, GEMD leads with 7.29% vs 7.22% for EMCB. On fees, GEMD is cheaper at 0.39% per year. On volatility, EMCB has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GEMD has performed better with a 7.29% return vs 7.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GEMD is cheaper with a 0.39% expense ratio, compared with 0.60% for EMCB.
EMCB has the higher dividend yield at 5.40%, compared with 5.30% for GEMD.
They also come from different issuers: WisdomTree and Goldman Sachs. Their fees differ too: 0.60% for EMCB and 0.39% for GEMD.
EMCB currently has the higher Sharpe Ratio (1.31 vs 1.23), 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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