EMCB vs. LEMB
EMCB (WisdomTree Emerging Markets Corporate Bond Fund) and LEMB (iShares J.P. Morgan EM Local Currency Bond ETF) are both Emerging Markets Bonds funds. EMCB is actively managed, while LEMB is passively managed. Over the past 10 years, EMCB returned 4.25%/yr vs 1.41%/yr for LEMB. At a 0.28 correlation, their price movements are largely independent. EMCB charges 0.60%/yr vs 0.30%/yr for LEMB.
Performance
EMCB vs. LEMB - Performance Comparison
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Returns By Period
In the year-to-date period, EMCB achieves a 2.12% return, which is significantly higher than LEMB's 1.61% return. Over the past 10 years, EMCB has outperformed LEMB with an annualized return of 4.25%, while LEMB has yielded a comparatively lower 1.41% annualized 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%
LEMB
- 1D
- -0.38%
- 1M
- 1.29%
- YTD
- 1.61%
- 6M
- 1.81%
- 1Y
- 9.04%
- 3Y*
- 5.76%
- 5Y*
- 1.05%
- 10Y*
- 1.41%
EMCB vs. LEMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 2.12% | 8.19% | 7.11% | 8.76% | -12.98% | -0.62% | 8.60% | 13.43% | -3.07% | 9.47% |
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | 1.61% | 18.02% | -1.72% | 7.23% | -10.74% | -9.92% | 3.10% | 6.40% | -7.49% | 12.49% |
Correlation
The correlation between EMCB and LEMB is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2012 | 0.28 |
The correlation between EMCB and LEMB shifts across timeframes, from 0.28 (10 years) to 0.38 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMCB vs. LEMB — Risk / Return Rank
EMCB
LEMB
EMCB vs. LEMB - 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 Local Currency Bond ETF (LEMB). 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 | LEMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.51 | +0.58 |
| Martin ratioReturn relative to average drawdown | 7.40 | 4.98 | +2.42 |
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Drawdowns
EMCB vs. LEMB - Drawdown Comparison
The maximum EMCB drawdown since its inception was -22.81%, smaller than the maximum LEMB drawdown of -30.82%. Use the drawdown chart below to compare losses from any high point for EMCB and LEMB.
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Drawdown Indicators
| EMCB | LEMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.81% | -30.82% | +8.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -6.00% | +2.93% |
Max Drawdown (3Y)Largest decline over 3 years | -4.20% | -10.09% | +5.89% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -23.96% | +2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -22.81% | -29.09% | +6.28% |
Current DrawdownCurrent decline from peak | -0.55% | -4.47% | +3.92% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -12.71% | +8.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 1.82% | -0.95% |
Volatility
EMCB vs. LEMB - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) is 1.47%, while iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) has a volatility of 2.09%. This indicates that EMCB experiences smaller price fluctuations and is considered to be less risky than LEMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMCB | LEMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 2.09% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 5.60% | -2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 6.73% | -2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.93% | 8.25% | -1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.46% | 9.22% | -0.76% |
EMCB vs. LEMB - Expense Ratio Comparison
EMCB has a 0.60% expense ratio, which is higher than LEMB's 0.30% expense ratio.
Dividends
EMCB vs. LEMB - Dividend Comparison
EMCB's dividend yield for the trailing twelve months is around 5.35%, more than LEMB's 2.40% 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% |
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | 2.40% | 2.44% | 0.00% | 1.34% | 0.86% | 3.89% | 0.00% | 4.39% | 3.46% | 0.00% | 0.00% | 0.64% |
Frequently Asked Questions
EMCB and LEMB have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LEMB has higher volatility (2.09%) compared to EMCB (1.47%). In terms of maximum drawdown, EMCB dropped -22.81% vs LEMB's -30.82%.
On 10-year performance, EMCB leads with 4.25% vs 1.41% for LEMB. On fees, LEMB is cheaper at 0.30% per year. On volatility, EMCB has been the lower-risk option at 1.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EMCB has performed better with a 4.25% return vs 1.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LEMB is cheaper with a 0.30% expense ratio, compared with 0.60% for EMCB.
EMCB has the higher dividend yield at 5.35%, compared with 2.40% for LEMB.
They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.60% for EMCB and 0.30% for LEMB.
EMCB currently has the higher Sharpe Ratio (1.70 vs 1.35), 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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