EMHC vs. PYLD
Compare and contrast key facts about SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD).
EMHC and PYLD 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. PYLD is an actively managed fund by PIMCO. It was launched on Jun 21, 2023.
Performance
EMHC vs. PYLD - Performance Comparison
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EMHC vs. PYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | -1.69% | 14.07% | 3.52% | 6.21% |
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund | -0.92% | 9.57% | 7.69% | 5.60% |
Returns By Period
In the year-to-date period, EMHC achieves a -1.69% return, which is significantly lower than PYLD's -0.92% return.
EMHC
- 1D
- 0.81%
- 1M
- -3.43%
- YTD
- -1.69%
- 6M
- 1.67%
- 1Y
- 9.31%
- 3Y*
- 7.46%
- 5Y*
- —
- 10Y*
- —
PYLD
- 1D
- 0.50%
- 1M
- -2.28%
- YTD
- -0.92%
- 6M
- 0.90%
- 1Y
- 5.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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EMHC vs. PYLD - Expense Ratio Comparison
EMHC has a 0.23% expense ratio, which is lower than PYLD's 0.55% expense ratio.
Return for Risk
EMHC vs. PYLD — Risk / Return Rank
EMHC
PYLD
EMHC vs. PYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). 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 | PYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.72 | -0.34 |
Sortino ratioReturn per unit of downside risk | 2.01 | 2.39 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.34 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.84 | +0.33 |
Martin ratioReturn relative to average drawdown | 8.84 | 7.60 | +1.24 |
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 | PYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.72 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 1.99 | -1.84 |
Correlation
The correlation between EMHC and PYLD is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EMHC vs. PYLD - Dividend Comparison
EMHC's dividend yield for the trailing twelve months is around 6.33%, which matches PYLD's 6.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | 6.33% | 6.16% | 5.95% | 5.12% | 5.11% | 2.97% |
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund | 6.36% | 6.21% | 6.40% | 2.72% | 0.00% | 0.00% |
Drawdowns
EMHC vs. PYLD - Drawdown Comparison
The maximum EMHC drawdown since its inception was -28.03%, which is greater than PYLD's maximum drawdown of -4.52%. Use the drawdown chart below to compare losses from any high point for EMHC and PYLD.
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Drawdown Indicators
| EMHC | PYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.03% | -4.52% | -23.51% |
Max Drawdown (1Y)Largest decline over 1 year | -4.37% | -3.25% | -1.12% |
Current DrawdownCurrent decline from peak | -3.44% | -2.28% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -10.22% | -0.64% | -9.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.79% | +0.29% |
Volatility
EMHC vs. PYLD - Volatility Comparison
SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) has a higher volatility of 2.75% compared to PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) at 1.61%. This indicates that EMHC's price experiences larger fluctuations and is considered to be riskier than PYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMHC | PYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 1.61% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 2.12% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.76% | 3.43% | +3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.05% | 4.00% | +5.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.05% | 4.00% | +5.05% |