EMCB vs. VEMY

Last updated Jun 24, 2026

EMCB (WisdomTree Emerging Markets Corporate Bond Fund) and VEMY (Virtus Stone Harbor Emerging Markets High Yield Bond ETF) are both Emerging Markets Bonds funds. Both are actively managed. Over the past 3 years, EMCB returned 7.72%/yr vs 15.11%/yr for VEMY. At a 0.39 correlation, their price movements are largely independent. EMCB charges 0.60%/yr vs 0.58%/yr for VEMY.

Performance

EMCB vs. VEMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMCB achieves a 2.12% return, which is significantly lower than VEMY's 6.35% 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%

VEMY

• 1D: 0.00%
• 1M: 1.75%
• YTD: 6.35%
• 6M: 6.44%
• 1Y: 17.80%
• 3Y*: 15.11%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMCB vs. VEMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EMCB WisdomTree Emerging Markets Corporate Bond Fund	2.12%	8.19%	7.11%	8.76%	-0.47%
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF	6.35%	15.27%	13.48%	14.45%	-1.43%

Correlation

The correlation between EMCB and VEMY is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022	0.39

Return for Risk

EMCB vs. VEMY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMCB

EMCB Risk / Return Rank: 52
EMCB Sharpe Ratio Rank: 53
EMCB Sortino Ratio Rank: 58
EMCB Omega Ratio Rank: 57
EMCB Calmar Ratio Rank: 44
EMCB Martin Ratio Rank: 47

VEMY

VEMY Risk / Return Rank: 91
VEMY Sharpe Ratio Rank: 91
VEMY Sortino Ratio Rank: 94
VEMY Omega Ratio Rank: 93
VEMY Calmar Ratio Rank: 85
VEMY Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMCB vs. VEMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY). 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	VEMY	Difference
Sharpe ratio: Return per unit of total volatility	1.70	2.94	-1.24
Sortino ratio: Return per unit of downside risk	2.57	4.53	-1.96
Omega ratio: Gain probability vs. loss probability	1.33	1.60	-0.27
Calmar ratio: Return relative to maximum drawdown	2.10	4.46	-2.37
Martin ratio: Return relative to average drawdown	7.40	21.16	-13.76

EMCB vs. VEMY - Sharpe Ratio Comparison

The current EMCB Sharpe Ratio is 1.70, which is lower than the VEMY Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of EMCB and VEMY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EMCB vs. VEMY - Drawdown Comparison

The maximum EMCB drawdown since its inception was -22.81%, which is greater than VEMY's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for EMCB and VEMY.

Drawdown Indicators

	EMCB	VEMY	Difference
Max Drawdown Largest peak-to-trough decline	-22.81%	-8.77%	-14.04%
Max Drawdown (1Y) Largest decline over 1 year	-3.07%	-4.00%	+0.93%
Max Drawdown (3Y) Largest decline over 3 years	-4.20%	-6.57%	+2.37%
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.81%	—	—
Current Drawdown Current decline from peak	-0.55%	-0.41%	-0.14%
Average Drawdown Average peak-to-trough decline	-4.22%	-1.29%	-2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	0.84%	+0.03%

Volatility

EMCB vs. VEMY - Volatility Comparison

WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) have volatilities of 1.47% and 1.42%, 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.

Volatility by Period

	EMCB	VEMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.47%	1.42%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	3.06%	4.75%	-1.69%
Volatility (1Y) Calculated over the trailing 1-year period	3.79%	6.09%	-2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.93%	7.61%	-0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.46%	7.61%	+0.85%

EMCB vs. VEMY - Expense Ratio Comparison

EMCB has a 0.60% expense ratio, which is higher than VEMY's 0.58% expense ratio.

Dividends

EMCB vs. VEMY - Dividend Comparison

EMCB's dividend yield for the trailing twelve months is around 5.35%, less than VEMY's 8.21% 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%
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF	8.21%	8.89%	10.28%	9.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMCB and VEMY in my portfolio?

EMCB and VEMY have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMCB or VEMY?

EMCB has higher volatility (1.47%) compared to VEMY (1.42%). In terms of maximum drawdown, EMCB dropped -22.81% vs VEMY's -8.77%.

Which ETF is better, EMCB or VEMY?

On 3-year performance, VEMY leads with 15.11% vs 7.72% for EMCB. On fees, VEMY is cheaper at 0.58% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMCB or VEMY?

Over the 3-year period, VEMY has performed better with a 15.11% return vs 7.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMCB or VEMY?

VEMY is cheaper with a 0.58% expense ratio, compared with 0.60% for EMCB.

Which ETF pays a higher dividend yield, EMCB or VEMY?

VEMY has the higher dividend yield at 8.21%, compared with 5.35% for EMCB.

What is the main difference between EMCB and VEMY?

They also come from different issuers: WisdomTree and Virtus. Their fees differ too: 0.60% for EMCB and 0.58% for VEMY.

Which has better risk-adjusted returns?

VEMY currently has the higher Sharpe Ratio (2.94 vs 1.70), 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.