EMCB vs. XEMD

Last updated Jun 24, 2026

EMCB (WisdomTree Emerging Markets Corporate Bond Fund) and XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) are both Emerging Markets Bonds funds. EMCB is actively managed, while XEMD is passively managed. Over the past 3 years, EMCB returned 7.72%/yr vs 10.98%/yr for XEMD. At a 0.46 correlation, their price movements are largely independent. EMCB charges 0.60%/yr vs 0.29%/yr for XEMD.

Performance

EMCB vs. XEMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD). 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 XEMD's 2.99% 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%

XEMD

• 1D: -0.05%
• 1M: 0.99%
• YTD: 2.99%
• 6M: 3.17%
• 1Y: 11.42%
• 3Y*: 10.98%
• 5Y*: —
• 10Y*: —

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

EMCB vs. XEMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EMCB WisdomTree Emerging Markets Corporate Bond Fund	2.12%	8.19%	7.11%	8.76%	3.72%
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF	2.99%	13.98%	8.77%	10.26%	2.40%

Correlation

The correlation between EMCB and XEMD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022	0.46

Return for Risk

EMCB vs. XEMD — 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

XEMD

XEMD Risk / Return Rank: 79
XEMD Sharpe Ratio Rank: 80
XEMD Sortino Ratio Rank: 86
XEMD Omega Ratio Rank: 83
XEMD Calmar Ratio Rank: 69
XEMD Martin Ratio Rank: 79

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. XEMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD). 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	XEMD	Difference
Sharpe ratio: Return per unit of total volatility	1.70	2.39	-0.69
Sortino ratio: Return per unit of downside risk	2.57	3.62	-1.05
Omega ratio: Gain probability vs. loss probability	1.33	1.47	-0.14
Calmar ratio: Return relative to maximum drawdown	2.10	3.26	-1.16
Martin ratio: Return relative to average drawdown	7.40	14.55	-7.15

EMCB vs. XEMD - Sharpe Ratio Comparison

The current EMCB Sharpe Ratio is 1.70, which is comparable to the XEMD Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of EMCB and XEMD, 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. XEMD - Drawdown Comparison

The maximum EMCB drawdown since its inception was -22.81%, which is greater than XEMD's maximum drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for EMCB and XEMD.

Drawdown Indicators

	EMCB	XEMD	Difference
Max Drawdown Largest peak-to-trough decline	-22.81%	-10.01%	-12.80%
Max Drawdown (1Y) Largest decline over 1 year	-3.07%	-3.52%	+0.45%
Max Drawdown (3Y) Largest decline over 3 years	-4.20%	-4.31%	+0.11%
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%	-0.47%	-0.08%
Average Drawdown Average peak-to-trough decline	-4.22%	-1.25%	-2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	0.79%	+0.08%

Volatility

EMCB vs. XEMD - Volatility Comparison

WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) have volatilities of 1.47% and 1.48%, 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	XEMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.47%	1.48%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	3.06%	3.86%	-0.80%
Volatility (1Y) Calculated over the trailing 1-year period	3.79%	4.79%	-1.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.93%	6.87%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.46%	6.87%	+1.59%

EMCB vs. XEMD - Expense Ratio Comparison

EMCB has a 0.60% expense ratio, which is higher than XEMD's 0.29% expense ratio.

Dividends

EMCB vs. XEMD - Dividend Comparison

EMCB's dividend yield for the trailing twelve months is around 5.35%, less than XEMD's 5.81% 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%
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF	5.81%	6.15%	6.30%	6.19%	3.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMCB and XEMD in my portfolio?

EMCB and XEMD have a correlation of 0.41, 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 XEMD?

XEMD has higher volatility (1.48%) compared to EMCB (1.47%). In terms of maximum drawdown, EMCB dropped -22.81% vs XEMD's -10.01%.

Which ETF is better, EMCB or XEMD?

On 3-year performance, XEMD leads with 10.98% vs 7.72% for EMCB. On fees, XEMD is cheaper at 0.29% 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 XEMD?

Over the 3-year period, XEMD has performed better with a 10.98% 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 XEMD?

XEMD is cheaper with a 0.29% expense ratio, compared with 0.60% for EMCB.

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

XEMD has the higher dividend yield at 5.81%, compared with 5.35% for EMCB.

What is the main difference between EMCB and XEMD?

They also come from different issuers: WisdomTree and BondBloxx. Their fees differ too: 0.60% for EMCB and 0.29% for XEMD.

Which has better risk-adjusted returns?

XEMD currently has the higher Sharpe Ratio (2.39 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.