EMD vs. EMB
Compare and contrast key facts about Western Asset Emerging Markets Debt Fund Inc (EMD) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB).
EMD is managed by Franklin Templeton. It was launched on Jan 1, 2004. EMB is a passively managed fund by iShares that tracks the performance of the JPMorgan EMBI Global Core Index. It was launched on Dec 17, 2007.
Performance
EMD vs. EMB - Performance Comparison
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EMD vs. EMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMD Western Asset Emerging Markets Debt Fund Inc | -5.14% | 23.41% | 16.23% | 12.23% | -20.78% | -0.32% | 7.03% | 26.62% | -13.70% | 14.29% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | -1.61% | 13.85% | 5.54% | 10.62% | -18.63% | -2.23% | 5.42% | 15.48% | -5.47% | 10.28% |
Returns By Period
In the year-to-date period, EMD achieves a -5.14% return, which is significantly lower than EMB's -1.61% return. Over the past 10 years, EMD has outperformed EMB with an annualized return of 5.88%, while EMB has yielded a comparatively lower 3.18% annualized return.
EMD
- 1D
- 2.08%
- 1M
- -10.21%
- YTD
- -5.14%
- 6M
- 0.38%
- 1Y
- 10.85%
- 3Y*
- 16.45%
- 5Y*
- 4.01%
- 10Y*
- 5.88%
EMB
- 1D
- 0.88%
- 1M
- -3.49%
- YTD
- -1.61%
- 6M
- 1.15%
- 1Y
- 9.10%
- 3Y*
- 8.35%
- 5Y*
- 1.77%
- 10Y*
- 3.18%
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EMD vs. EMB - Expense Ratio Comparison
EMD has a 0.02% expense ratio, which is lower than EMB's 0.39% expense ratio.
Return for Risk
EMD vs. EMB — Risk / Return Rank
EMD
EMB
EMD vs. EMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Emerging Markets Debt Fund Inc (EMD) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). 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.
| EMD | EMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 1.32 | -0.56 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.86 | -0.81 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.28 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.07 | -1.19 |
Martin ratioReturn relative to average drawdown | 3.35 | 8.46 | -5.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMD | EMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 1.32 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.18 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.32 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.42 | -0.08 |
Correlation
The correlation between EMD and EMB is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EMD vs. EMB - Dividend Comparison
EMD's dividend yield for the trailing twelve months is around 11.51%, more than EMB's 5.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMD Western Asset Emerging Markets Debt Fund Inc | 11.51% | 10.44% | 10.57% | 9.97% | 11.09% | 8.44% | 8.45% | 8.41% | 9.76% | 7.78% | 9.99% | 9.54% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.09% | 4.98% | 5.46% | 4.74% | 5.04% | 3.89% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% |
Drawdowns
EMD vs. EMB - Drawdown Comparison
The maximum EMD drawdown since its inception was -48.26%, which is greater than EMB's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for EMD and EMB.
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Drawdown Indicators
| EMD | EMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.26% | -34.70% | -13.56% |
Max Drawdown (1Y)Largest decline over 1 year | -13.33% | -4.51% | -8.82% |
Max Drawdown (5Y)Largest decline over 5 years | -40.43% | -28.74% | -11.69% |
Max Drawdown (10Y)Largest decline over 10 years | -46.44% | -28.74% | -17.70% |
Current DrawdownCurrent decline from peak | -11.53% | -3.50% | -8.03% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -5.10% | -3.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 1.10% | +2.41% |
Volatility
EMD vs. EMB - Volatility Comparison
Western Asset Emerging Markets Debt Fund Inc (EMD) has a higher volatility of 6.05% compared to iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) at 3.12%. This indicates that EMD's price experiences larger fluctuations and is considered to be riskier than EMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMD | EMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.05% | 3.12% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 4.01% | +5.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 6.95% | +7.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 9.75% | +6.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 9.94% | +8.35% |