EMCB vs. UMI
EMCB (WisdomTree Emerging Markets Corporate Bond Fund) and UMI (USCF Midstream Energy Income Fund ETF) are both exchange-traded funds - EMCB is a Emerging Markets Bonds fund actively managed by WisdomTree, while UMI is a Energy Equities fund actively managed by Wainwright, Inc.. Both are actively managed. Over the past 5 years, EMCB returned 2.18%/yr vs 20.20%/yr for UMI. At a 0.12 correlation, their price movements are largely independent. EMCB charges 0.60%/yr vs 0.85%/yr for UMI.
Performance
EMCB vs. UMI - Performance Comparison
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Returns By Period
In the year-to-date period, EMCB achieves a 2.29% return, which is significantly lower than UMI's 21.76% return.
EMCB
- 1D
- -0.13%
- 1M
- 1.18%
- YTD
- 2.29%
- 6M
- 2.12%
- 1Y
- 6.91%
- 3Y*
- 7.78%
- 5Y*
- 2.18%
- 10Y*
- 4.26%
UMI
- 1D
- 0.96%
- 1M
- -5.27%
- YTD
- 21.76%
- 6M
- 23.01%
- 1Y
- 24.46%
- 3Y*
- 27.84%
- 5Y*
- 20.20%
- 10Y*
- —
EMCB vs. UMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 2.29% | 8.19% | 7.11% | 8.76% | -12.98% | -0.62% | 8.60% | 13.43% | -3.07% | 0.49% |
UMI USCF Midstream Energy Income Fund ETF | 21.76% | 5.11% | 42.97% | 14.60% | 20.78% | 20.97% | -8.25% | 21.06% | -10.64% | 2.76% |
Correlation
The correlation between EMCB and UMI is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2017 | 0.12 |
The correlation between EMCB and UMI shifts across timeframes, from -0.09 (1 year) to 0.13 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMCB vs. UMI — Risk / Return Rank
EMCB
UMI
EMCB vs. UMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and USCF Midstream Energy Income Fund ETF (UMI). 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 | UMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.30 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 3.28 | -1.02 |
| Martin ratioReturn relative to average drawdown | 7.98 | 8.47 | -0.49 |
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Drawdowns
EMCB vs. UMI - Drawdown Comparison
The maximum EMCB drawdown since its inception was -22.81%, smaller than the maximum UMI drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for EMCB and UMI.
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Drawdown Indicators
| EMCB | UMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.81% | -48.08% | +25.27% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -7.50% | +4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -4.20% | -17.08% | +12.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -20.05% | -1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -22.81% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -5.35% | +4.96% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -6.59% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 2.90% | -2.03% |
Volatility
EMCB vs. UMI - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) is 1.47%, while USCF Midstream Energy Income Fund ETF (UMI) has a volatility of 5.33%. This indicates that EMCB experiences smaller price fluctuations and is considered to be less risky than UMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMCB | UMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 5.33% | -3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 11.05% | -8.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 14.23% | -10.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.93% | 19.45% | -12.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.48% | 23.16% | -14.68% |
EMCB vs. UMI - Expense Ratio Comparison
EMCB has a 0.60% expense ratio, which is lower than UMI's 0.85% expense ratio.
Dividends
EMCB vs. UMI - Dividend Comparison
EMCB's dividend yield for the trailing twelve months is around 5.34%, less than UMI's 6.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 5.34% | 5.47% | 5.29% | 5.09% | 4.04% | 3.43% | 3.85% | 4.17% | 4.20% | 4.04% | 4.08% | 5.09% |
UMI USCF Midstream Energy Income Fund ETF | 6.02% | 6.23% | 4.39% | 4.67% | 4.36% | 3.00% | 2.18% | 2.47% | 2.48% | 0.15% | 0.00% | 0.00% |
Frequently Asked Questions
EMCB and UMI have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UMI has higher volatility (5.33%) compared to EMCB (1.47%). In terms of maximum drawdown, EMCB dropped -22.81% vs UMI's -48.08%.
On 5-year performance, UMI leads with 20.20% vs 2.18% for EMCB. On fees, EMCB is cheaper at 0.60% 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 5-year period, UMI has performed better with a 20.20% return vs 2.18%. 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 0.85% for UMI.
UMI has the higher dividend yield at 6.02%, compared with 5.34% for EMCB.
EMCB is categorized as Emerging Markets Bonds, while UMI is Energy Equities. They also come from different issuers: WisdomTree and Wainwright, Inc.. Their fees differ too: 0.60% for EMCB and 0.85% for UMI.
EMCB currently has the higher Sharpe Ratio (1.83 vs 1.73), 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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