EMHC vs. IAGG
Compare and contrast key facts about SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) and iShares Core International Aggregate Bond ETF (IAGG).
EMHC and IAGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMHC is a passively managed fund by State Street that tracks the performance of the Bloomberg Emerging USD Bond Core Index - Benchmark TR Net. It was launched on Apr 6, 2021. IAGG is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate ex USD 10% Issuer Capped (Hedged) Index. It was launched on Nov 10, 2015. Both EMHC and IAGG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EMHC vs. IAGG - Performance Comparison
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EMHC vs. IAGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | -1.69% | 14.07% | 3.52% | 10.06% | -17.75% | 1.68% |
IAGG iShares Core International Aggregate Bond ETF | 0.27% | 3.26% | 4.51% | 8.49% | -10.86% | 0.38% |
Returns By Period
In the year-to-date period, EMHC achieves a -1.69% return, which is significantly lower than IAGG's 0.27% return.
EMHC
- 1D
- 0.81%
- 1M
- -3.43%
- YTD
- -1.69%
- 6M
- 1.67%
- 1Y
- 9.31%
- 3Y*
- 7.46%
- 5Y*
- —
- 10Y*
- —
IAGG
- 1D
- 0.46%
- 1M
- -1.61%
- YTD
- 0.27%
- 6M
- 0.89%
- 1Y
- 3.40%
- 3Y*
- 4.48%
- 5Y*
- 0.97%
- 10Y*
- 2.23%
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EMHC vs. IAGG - Expense Ratio Comparison
EMHC has a 0.23% expense ratio, which is higher than IAGG's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
EMHC vs. IAGG — Risk / Return Rank
EMHC
IAGG
EMHC vs. IAGG - 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 Core International Aggregate Bond ETF (IAGG). 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 | IAGG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.30 | +0.08 |
Sortino ratioReturn per unit of downside risk | 2.01 | 1.84 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.47 | +0.71 |
Martin ratioReturn relative to average drawdown | 8.84 | 6.38 | +2.46 |
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 | IAGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.30 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.61 | -0.46 |
Correlation
The correlation between EMHC and IAGG is 0.62, 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
EMHC vs. IAGG - Dividend Comparison
EMHC's dividend yield for the trailing twelve months is around 6.33%, more than IAGG's 3.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | 6.33% | 6.16% | 5.95% | 5.12% | 5.11% | 2.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IAGG iShares Core International Aggregate Bond ETF | 3.29% | 3.08% | 4.28% | 3.55% | 2.27% | 1.16% | 1.95% | 2.82% | 3.02% | 1.74% | 1.56% | 0.13% |
Drawdowns
EMHC vs. IAGG - Drawdown Comparison
The maximum EMHC drawdown since its inception was -28.03%, which is greater than IAGG's maximum drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for EMHC and IAGG.
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Drawdown Indicators
| EMHC | IAGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.03% | -13.88% | -14.15% |
Max Drawdown (1Y)Largest decline over 1 year | -4.37% | -2.32% | -2.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.88% | — |
Current DrawdownCurrent decline from peak | -3.44% | -1.61% | -1.83% |
Average DrawdownAverage peak-to-trough decline | -10.22% | -2.87% | -7.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.54% | +0.54% |
Volatility
EMHC vs. IAGG - Volatility Comparison
SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) has a higher volatility of 2.75% compared to iShares Core International Aggregate Bond ETF (IAGG) at 1.47%. This indicates that EMHC's price experiences larger fluctuations and is considered to be riskier than IAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMHC | IAGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 1.47% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 1.91% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.76% | 2.62% | +4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.05% | 4.47% | +4.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.05% | 4.03% | +5.02% |