EMHC vs. VEGBX
Compare and contrast key facts about SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) and Vanguard Emerging Markets Bond Fund Admiral Shares (VEGBX).
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. VEGBX is managed by Vanguard. It was launched on Dec 6, 2017.
Performance
EMHC vs. VEGBX - Performance Comparison
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EMHC vs. VEGBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | -1.37% | 14.07% | 3.52% | 10.06% | -17.75% | 1.68% |
VEGBX Vanguard Emerging Markets Bond Fund Admiral Shares | -1.39% | 14.46% | 7.60% | 13.81% | -13.02% | 1.97% |
Returns By Period
The year-to-date returns for both stocks are quite close, with EMHC having a -1.37% return and VEGBX slightly lower at -1.39%.
EMHC
- 1D
- 0.32%
- 1M
- -2.81%
- YTD
- -1.37%
- 6M
- 1.68%
- 1Y
- 9.29%
- 3Y*
- 7.58%
- 5Y*
- —
- 10Y*
- —
VEGBX
- 1D
- 0.45%
- 1M
- -2.92%
- YTD
- -1.39%
- 6M
- 1.96%
- 1Y
- 9.61%
- 3Y*
- 10.46%
- 5Y*
- 4.25%
- 10Y*
- —
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EMHC vs. VEGBX - Expense Ratio Comparison
EMHC has a 0.23% expense ratio, which is lower than VEGBX's 0.40% expense ratio.
Return for Risk
EMHC vs. VEGBX — Risk / Return Rank
EMHC
VEGBX
EMHC vs. VEGBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) and Vanguard Emerging Markets Bond Fund Admiral Shares (VEGBX). 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 | VEGBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 2.03 | -0.65 |
Sortino ratioReturn per unit of downside risk | 2.01 | 2.91 | -0.91 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.42 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.40 | -0.19 |
Martin ratioReturn relative to average drawdown | 8.83 | 10.58 | -1.75 |
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 | VEGBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.03 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 1.03 | -0.87 |
Correlation
The correlation between EMHC and VEGBX is 0.80, 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. VEGBX - Dividend Comparison
EMHC's dividend yield for the trailing twelve months is around 6.25%, more than VEGBX's 5.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | 6.25% | 6.16% | 5.95% | 5.12% | 5.11% | 2.97% | 0.00% | 0.00% | 0.00% | 0.00% |
VEGBX Vanguard Emerging Markets Bond Fund Admiral Shares | 5.80% | 6.34% | 7.02% | 7.20% | 5.61% | 5.14% | 4.62% | 6.42% | 5.00% | 0.39% |
Drawdowns
EMHC vs. VEGBX - Drawdown Comparison
The maximum EMHC drawdown since its inception was -28.03%, which is greater than VEGBX's maximum drawdown of -24.27%. Use the drawdown chart below to compare losses from any high point for EMHC and VEGBX.
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Drawdown Indicators
| EMHC | VEGBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.03% | -24.27% | -3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.37% | -4.13% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.27% | — |
Current DrawdownCurrent decline from peak | -3.13% | -3.35% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -3.90% | -6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 0.95% | +0.15% |
Volatility
EMHC vs. VEGBX - Volatility Comparison
SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) has a higher volatility of 2.78% compared to Vanguard Emerging Markets Bond Fund Admiral Shares (VEGBX) at 2.10%. This indicates that EMHC's price experiences larger fluctuations and is considered to be riskier than VEGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMHC | VEGBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 2.10% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.86% | 2.87% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.76% | 4.98% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.04% | 6.27% | +2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.04% | 6.37% | +2.67% |