EMHC vs. BREM
EMHC (SPDR Bloomberg Emerging Markets USD Bond ETF) and BREM (iShares Emerging Markets Bond Active ETF) are both Emerging Markets Bonds funds. EMHC is passively managed, while BREM is actively managed. Their correlation of 0.83 suggests significant overlap in exposure. EMHC charges 0.23%/yr vs 0.50%/yr for BREM.
Performance
EMHC vs. BREM - Performance Comparison
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Returns By Period
In the year-to-date period, EMHC achieves a 1.57% return, which is significantly lower than BREM's 3.26% return.
EMHC
- 1D
- -0.32%
- 1M
- 1.13%
- YTD
- 1.57%
- 6M
- 1.74%
- 1Y
- 11.54%
- 3Y*
- 8.74%
- 5Y*
- 1.55%
- 10Y*
- —
BREM
- 1D
- -0.21%
- 1M
- 1.16%
- YTD
- 3.26%
- 6M
- 3.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMHC vs. BREM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | 1.57% | 2.20% |
BREM iShares Emerging Markets Bond Active ETF | 3.26% | 2.74% |
Correlation
The correlation between EMHC and BREM is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 17, 2025 | 0.83 |
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Return for Risk
EMHC vs. BREM — Risk / Return Rank
EMHC
BREM
EMHC vs. BREM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) and iShares Emerging Markets Bond Active ETF (BREM). 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.
| EMHC | BREM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.41 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | — | — |
| Martin ratioReturn relative to average drawdown | 11.09 | — | — |
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
| EMHC | BREM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 1.75 | -1.53 |
Drawdowns
EMHC vs. BREM - Drawdown Comparison
The maximum EMHC drawdown since its inception was -28.03%, which is greater than BREM's maximum drawdown of -4.54%. Use the drawdown chart below to compare losses from any high point for EMHC and BREM.
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Drawdown Indicators
| EMHC | BREM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.03% | -4.54% | -23.49% |
Max Drawdown (1Y)Largest decline over 1 year | -4.37% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -7.67% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.21% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -9.91% | -0.67% | -9.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | — | — |
Volatility
EMHC vs. BREM - Volatility Comparison
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Volatility by Period
| EMHC | BREM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.16% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 5.70% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.06% | 5.70% | +3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.96% | 5.70% | +3.26% |
EMHC vs. BREM - Expense Ratio Comparison
EMHC has a 0.23% expense ratio, which is lower than BREM's 0.50% expense ratio.
Dividends
EMHC vs. BREM - Dividend Comparison
EMHC's dividend yield for the trailing twelve months is around 6.11%, more than BREM's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BREM iShares Emerging Markets Bond Active ETF | 3.91% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% |
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | 6.11% | 6.16% | 5.95% | 5.12% | 5.11% | 2.97% |
Frequently Asked Questions
EMHC and BREM have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMHC is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMHC is cheaper with a 0.23% expense ratio, compared with 0.50% for BREM.
EMHC has the higher dividend yield at 6.11%, compared with 3.91% for BREM.
They also come from different issuers: State Street and BlackRock. Their fees differ too: 0.23% for EMHC and 0.50% for BREM.
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