EMCB vs. HYDB
Compare and contrast key facts about WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and iShares High Yield Bond Factor ETF (HYDB).
EMCB and HYDB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMCB is an actively managed fund by WisdomTree. It was launched on Mar 8, 2012. HYDB is a passively managed fund by iShares that tracks the performance of the BlackRock High Yield Defensive Bond Index. It was launched on Jul 11, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMCB or HYDB.
Key characteristics
| EMCB | HYDB | |
|---|---|---|
| YTD Return | 1.10% | 1.52% |
| 1Y Return | 7.15% | 11.34% |
| 3Y Return (Ann) | -1.36% | 2.36% |
| 5Y Return (Ann) | 2.03% | 4.54% |
| Sharpe Ratio | 1.49 | 1.85 |
| Daily Std Dev | 4.90% | 6.03% |
| Max Drawdown | -22.81% | -21.58% |
| Current Drawdown | -6.45% | -0.80% |
Correlation
The correlation between EMCB and HYDB is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EMCB vs. HYDB - Performance Comparison
In the year-to-date period, EMCB achieves a 1.10% return, which is significantly lower than HYDB's 1.52% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EMCB vs. HYDB - Expense Ratio Comparison
EMCB has a 0.60% expense ratio, which is higher than HYDB's 0.35% expense ratio.
Risk-Adjusted Performance
EMCB vs. HYDB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and iShares High Yield Bond Factor ETF (HYDB). 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.
Dividends
EMCB vs. HYDB - Dividend Comparison
EMCB's dividend yield for the trailing twelve months is around 5.18%, less than HYDB's 7.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 5.18% | 5.09% | 4.04% | 3.43% | 3.85% | 4.17% | 4.20% | 4.04% | 4.08% | 5.09% | 5.26% | 5.14% |
HYDB iShares High Yield Bond Factor ETF | 7.11% | 7.00% | 6.30% | 4.70% | 5.81% | 5.68% | 6.16% | 2.70% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EMCB vs. HYDB - Drawdown Comparison
The maximum EMCB drawdown since its inception was -22.81%, which is greater than HYDB's maximum drawdown of -21.58%. Use the drawdown chart below to compare losses from any high point for EMCB and HYDB. For additional features, visit the drawdowns tool.
Volatility
EMCB vs. HYDB - Volatility Comparison
WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and iShares High Yield Bond Factor ETF (HYDB) have volatilities of 1.47% and 1.48%, 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.