EMCB vs. SBIT
EMCB (WisdomTree Emerging Markets Corporate Bond Fund) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - EMCB is a Emerging Markets Bonds fund actively managed by WisdomTree, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). EMCB is actively managed, while SBIT is passively managed. Over the past year, EMCB returned 4.81% vs 98.77% for SBIT. Their -0.15 correlation means they have often moved in opposite directions in the past. EMCB charges 0.60%/yr vs 0.95%/yr for SBIT.
Performance
EMCB vs. SBIT - 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 SBIT's 39.44% 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%
SBIT
- 1D
- 5.60%
- 1M
- -6.04%
- 6M
- 32.41%
- YTD
- 39.44%
- 1Y
- 98.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -42.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $161.65K | $154.71K | $333.62K | |
| $29.57M | $32.71M | $46.48M |
EMCB vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 1.84% | 8.19% | 5.06% |
SBIT Proshares Ultrashort Bitcoin ETF | 39.44% | -25.11% | -73.74% |
Correlation
The correlation between EMCB and SBIT is -0.29, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | -0.15 |
The correlation between EMCB and SBIT shifts across timeframes, from -0.29 (1 year) to -0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMCB vs. SBIT — Risk / Return Rank
EMCB
SBIT
EMCB vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and Proshares Ultrashort Bitcoin ETF (SBIT). 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 | SBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.35 | -0.77 |
| Martin ratioReturn relative to average drawdown | 5.45 | 5.19 | +0.26 |
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Drawdowns
EMCB vs. SBIT - Drawdown Comparison
The maximum EMCB drawdown since its inception was -22.81%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for EMCB and SBIT.
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Drawdown Indicators
| EMCB | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.81% | -91.35% | +68.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -47.94% | +44.87% |
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 DrawdownCurrent decline from peak | -0.82% | -77.87% | +77.05% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -69.07% | +64.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 21.67% | -20.78% |
Volatility
EMCB vs. SBIT - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) is 1.10%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that EMCB experiences smaller price fluctuations and is considered to be less risky than SBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMCB | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 18.09% | -16.99% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 67.10% | -64.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 88.65% | -84.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 96.10% | -89.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.43% | 96.10% | -87.67% |
EMCB vs. SBIT - Expense Ratio Comparison
EMCB has a 0.60% expense ratio, which is lower than SBIT's 0.95% expense ratio.
Dividends
EMCB vs. SBIT - Dividend Comparison
EMCB's dividend yield for the trailing twelve months is around 5.40%, more than SBIT's 4.10% 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% |
SBIT Proshares Ultrashort Bitcoin ETF | 4.03% | 0.52% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMCB and SBIT have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBIT has higher volatility (18.09%) compared to EMCB (1.10%). In terms of maximum drawdown, EMCB dropped -22.81% vs SBIT's -91.35%.
On 1-year performance, SBIT leads with 98.77% vs 4.81% for EMCB. On fees, EMCB is cheaper at 0.60% 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 1-year period, SBIT has performed better with a 98.77% return vs 4.81%. 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 0.95% for SBIT.
EMCB has the higher dividend yield at 5.40%, compared with 4.03% for SBIT.
EMCB is categorized as Emerging Markets Bonds, while SBIT is Cryptocurrency. They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.60% for EMCB and 0.95% for SBIT.
EMCB currently has the higher Sharpe Ratio (1.31 vs 1.27), 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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