EMDV vs. EMB
EMDV (ProShares MSCI Emerging Markets Dividend Growers ETF) and EMB (iShares J.P. Morgan USD Emerging Markets Bond ETF) are both exchange-traded funds - EMDV is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Dividend Masters Index, while EMB is a Emerging Markets Bonds fund tracking the J.P. Morgan EMBI Global Core Index. Both are passively managed. Over the past 10 years, EMDV returned 2.58%/yr vs 3.32%/yr for EMB. At a 0.42 correlation, their price movements are largely independent. EMDV charges 0.60%/yr vs 0.39%/yr for EMB.
Performance
EMDV vs. EMB - Performance Comparison
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Returns By Period
In the year-to-date period, EMDV achieves a -0.55% return, which is significantly lower than EMB's 2.33% return. Over the past 10 years, EMDV has underperformed EMB with an annualized return of 2.58%, while EMB has yielded a comparatively higher 3.32% annualized return.
EMDV
- 1D
- 0.25%
- 1M
- -1.09%
- YTD
- -0.55%
- 6M
- -1.04%
- 1Y
- 6.45%
- 3Y*
- 2.73%
- 5Y*
- -3.06%
- 10Y*
- 2.58%
EMB
- 1D
- -0.34%
- 1M
- 1.72%
- YTD
- 2.33%
- 6M
- 2.30%
- 1Y
- 11.30%
- 3Y*
- 9.42%
- 5Y*
- 1.91%
- 10Y*
- 3.32%
EMDV vs. EMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF | -0.55% | 11.90% | 0.06% | -1.03% | -18.19% | 1.11% | -0.09% | 14.93% | -7.52% | 26.98% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 2.33% | 13.85% | 5.54% | 10.62% | -18.63% | -2.23% | 5.42% | 15.48% | -5.47% | 10.28% |
Correlation
The correlation between EMDV and EMB is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2016 | 0.42 |
The correlation between EMDV and EMB shifts across timeframes, from 0.38 (3 years) to 0.51 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMDV vs. EMB — Risk / Return Rank
EMDV
EMB
EMDV vs. EMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) 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.
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.
| EMDV | EMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.39 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.52 | -1.62 |
| Martin ratioReturn relative to average drawdown | 2.57 | 10.72 | -8.16 |
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Drawdowns
EMDV vs. EMB - Drawdown Comparison
The maximum EMDV drawdown since its inception was -39.20%, which is greater than EMB's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for EMDV and EMB.
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Drawdown Indicators
| EMDV | EMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.20% | -34.70% | -4.50% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -4.51% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -20.71% | -7.95% | -12.76% |
Max Drawdown (5Y)Largest decline over 5 years | -34.13% | -28.74% | -5.39% |
Max Drawdown (10Y)Largest decline over 10 years | -39.20% | -28.74% | -10.46% |
Current DrawdownCurrent decline from peak | -16.25% | -0.34% | -15.91% |
Average DrawdownAverage peak-to-trough decline | -13.55% | -5.05% | -8.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 1.06% | +1.46% |
Volatility
EMDV vs. EMB - Volatility Comparison
ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) has a higher volatility of 4.07% compared to iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) at 1.77%. This indicates that EMDV'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
| EMDV | EMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 1.77% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 4.70% | +4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 5.69% | +5.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.45% | 9.76% | +5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 9.96% | +8.23% |
EMDV vs. EMB - Expense Ratio Comparison
EMDV has a 0.60% expense ratio, which is higher than EMB's 0.39% expense ratio.
Dividends
EMDV vs. EMB - Dividend Comparison
EMDV's dividend yield for the trailing twelve months is around 2.45%, less than EMB's 5.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.03% | 4.98% | 5.46% | 4.74% | 5.04% | 3.89% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% |
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF | 2.45% | 2.46% | 2.79% | 1.88% | 3.68% | 2.12% | 3.12% | 2.38% | 1.27% | 2.09% | 2.87% | 0.00% |
Frequently Asked Questions
EMDV and EMB have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMDV has higher volatility (4.07%) compared to EMB (1.77%). In terms of maximum drawdown, EMDV dropped -39.20% vs EMB's -34.70%.
On 10-year performance, EMB leads with 3.32% vs 2.58% for EMDV. On fees, EMB is cheaper at 0.39% per year. On volatility, EMB has been the lower-risk option at 1.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EMB has performed better with a 3.32% return vs 2.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMB is cheaper with a 0.39% expense ratio, compared with 0.60% for EMDV.
EMB has the higher dividend yield at 5.03%, compared with 2.45% for EMDV.
EMDV is categorized as Emerging Markets Equities, while EMB is Emerging Markets Bonds. EMDV tracks MSCI Emerging Markets Dividend Masters Index, while EMB tracks J.P. Morgan EMBI Global Core Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.60% for EMDV and 0.39% for EMB.
EMB currently has the higher Sharpe Ratio (2.00 vs 0.57), 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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