EMCB vs. KHYB
EMCB (WisdomTree Emerging Markets Corporate Bond Fund) and KHYB (KraneShares Asia Pacific High Income Bond ETF) are both Emerging Markets Bonds funds. EMCB is actively managed, while KHYB is passively managed. Over the past 5 years, EMCB returned 2.03%/yr vs 0.87%/yr for KHYB. Their 0.23 correlation means their historical movements had little consistent relationship. EMCB charges 0.60%/yr vs 0.69%/yr for KHYB.
Performance
EMCB vs. KHYB - 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 KHYB's 3.58% 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%
KHYB
- 1D
- 0.00%
- 1M
- 0.62%
- 6M
- 1.80%
- YTD
- 3.58%
- 1Y
- 8.25%
- 3Y*
- 9.30%
- 5Y*
- 0.87%
- 10Y*
- —
- ALL TIME*
- 1.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $161.65K | $154.71K | $333.62K | |
| $38.74K | $65.31K | $87.15K |
EMCB vs. KHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 1.84% | 8.19% | 7.11% | 8.76% | -12.98% | -0.62% | 8.60% | 13.43% | 0.93% |
KHYB KraneShares Asia Pacific High Income Bond ETF | 3.58% | 9.59% | 10.79% | 3.50% | -10.15% | -12.32% | 2.00% | 8.87% | 0.45% |
Correlation
The correlation between EMCB and KHYB 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. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2018 | 0.23 |
Over the past year, EMCB and KHYB have become more correlated (0.48) than their long-term average of 0.23, meaning their price movements have been converging.
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Return for Risk
EMCB vs. KHYB — Risk / Return Rank
EMCB
KHYB
EMCB vs. KHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and KraneShares Asia Pacific High Income Bond ETF (KHYB). 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 | KHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.53 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.11 | -0.52 |
| Martin ratioReturn relative to average drawdown | 5.45 | 9.42 | -3.97 |
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Drawdowns
EMCB vs. KHYB - Drawdown Comparison
The maximum EMCB drawdown since its inception was -22.81%, smaller than the maximum KHYB drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for EMCB and KHYB.
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Drawdown Indicators
| EMCB | KHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.81% | -33.63% | +10.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -3.97% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -4.20% | -4.89% | +0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -32.43% | +10.93% |
Max Drawdown (10Y)Largest decline over 10 years | -22.81% | — | — |
Current DrawdownCurrent decline from peak | -0.82% | 0.00% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -9.52% | +5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.89% | 0.00% |
Volatility
EMCB vs. KHYB - Volatility Comparison
WisdomTree Emerging Markets Corporate Bond Fund (EMCB) has a higher volatility of 1.10% compared to KraneShares Asia Pacific High Income Bond ETF (KHYB) at 0.82%. This indicates that EMCB's price experiences larger fluctuations and is considered to be riskier than KHYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMCB | KHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.82% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 3.13% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 3.47% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 6.30% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.43% | 5.67% | +2.76% |
EMCB vs. KHYB - Expense Ratio Comparison
EMCB has a 0.60% expense ratio, which is lower than KHYB's 0.69% expense ratio.
Dividends
EMCB vs. KHYB - Dividend Comparison
EMCB's dividend yield for the trailing twelve months is around 5.40%, less than KHYB's 8.38% 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% |
KHYB KraneShares Asia Pacific High Income Bond ETF | 8.38% | 7.59% | 10.11% | 15.55% | 9.67% | 6.22% | 4.76% | 4.86% | 2.56% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMCB and KHYB 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.
EMCB has higher volatility (1.10%) compared to KHYB (0.82%). In terms of maximum drawdown, EMCB dropped -22.81% vs KHYB's -33.63%.
On 5-year performance, EMCB leads with 2.03% vs 0.87% for KHYB. On fees, EMCB is cheaper at 0.60% per year. On volatility, KHYB has been the lower-risk option at 0.82%. 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 2.03% return vs 0.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMCB is cheaper with a 0.60% expense ratio, compared with 0.69% for KHYB.
KHYB has the higher dividend yield at 8.38%, compared with 5.40% for EMCB.
They also come from different issuers: WisdomTree and KraneShares. Their fees differ too: 0.60% for EMCB and 0.69% for KHYB.
KHYB currently has the higher Sharpe Ratio (2.41 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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