PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EMHC vs. XLK
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EMHC vs. XLK

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) and State Street Technology Select Sector SPDR ETF (XLK).

EMHC and XLK 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. XLK is a passively managed fund by State Street that tracks the performance of the S&P Technology Select Sector Daily Capped 35/20 Index. It was launched on Dec 16, 1998. Both EMHC and XLK 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. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) and State Street Technology Select Sector SPDR ETF (XLK). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

EMHC vs. XLK - Yearly Performance Comparison

2026 (YTD)20252024202320222021
EMHC
SPDR Bloomberg Emerging Markets USD Bond ETF		-1.69%14.07%3.52%10.06%-17.75%1.68%
XLK
State Street Technology Select Sector SPDR ETF		-7.57%24.61%21.63%56.02%-27.73%26.30%

Returns By Period

In the year-to-date period, EMHC achieves a -1.69% return, which is significantly higher than XLK's -7.57% return.

EMHC

1D
0.81%
1M
-3.43%
YTD
-1.69%
6M
1.67%
1Y
9.31%
3Y*
7.46%
5Y*
—
10Y*
—

XLK

1D
4.24%
1M
-4.10%
YTD
-7.57%
6M
-5.44%
1Y
29.46%
3Y*
21.58%
5Y*
15.31%
10Y*
20.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR Bloomberg Emerging Markets USD Bond ETF

State Street Technology Select Sector SPDR ETF

Often compared with EMHC:
EMHC vs. XEMDEMHC vs. EMBEMHC vs. VEMBXEMHC vs. SPHYEMHC vs. GABFEMHC vs. VEGBXEMHC vs. IAGG
Often compared with XLK:
XLK vs. QQQXLK vs. VGTXLK vs. SMHXLK vs. SPYXLK vs. FTECXLK vs. IYWXLK vs. XLE

EMHC vs. XLK - Expense Ratio Comparison

EMHC has a 0.23% expense ratio, which is higher than XLK's 0.08% 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%.

EMHC
SPDR Bloomberg Emerging Markets USD Bond ETF
XLK
State Street Technology Select Sector SPDR ETF

Return for Risk

EMHC vs. XLK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMHC
EMHC Risk / Return Rank: 7878
Overall Rank
EMHC Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
EMHC Sortino Ratio Rank: 7979
Sortino Ratio Rank
EMHC Omega Ratio Rank: 7777
Omega Ratio Rank
EMHC Calmar Ratio Rank: 8080
Calmar Ratio Rank
EMHC Martin Ratio Rank: 8181
Martin Ratio Rank
XLK
XLK Risk / Return Rank: 6969
Overall Rank
XLK Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
XLK Sortino Ratio Rank: 6969
Sortino Ratio Rank
XLK Omega Ratio Rank: 6767
Omega Ratio Rank
XLK Calmar Ratio Rank: 7575
Calmar Ratio Rank
XLK Martin Ratio Rank: 6565
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMHC vs. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) and State Street Technology Select Sector SPDR ETF (XLK). 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.

EMHCXLKDifference

Sharpe ratio

Return per unit of total volatility

1.38

1.10

+0.29

Sortino ratio

Return per unit of downside risk

2.01

1.66

+0.35

Omega ratio

Gain probability vs. loss probability

1.29

1.23

+0.05

Calmar ratio

Return relative to maximum drawdown

2.18

1.85

+0.32

Martin ratio

Return relative to average drawdown

8.84

5.98

+2.86

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMHC vs. XLK - Sharpe Ratio Comparison

The current EMHC Sharpe Ratio is 1.38, which is comparable to the XLK Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of EMHC and XLK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

EMHCXLKDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.38

1.10

+0.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.62

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.86

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.15

0.36

-0.21

Correlation

The correlation between EMHC and XLK is 0.41, 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. XLK - Dividend Comparison

EMHC's dividend yield for the trailing twelve months is around 6.33%, more than XLK's 0.57% yield.

TTM20252024202320222021202020192018201720162015
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%
XLK
State Street Technology Select Sector SPDR ETF		0.57%0.54%0.66%0.76%1.04%0.65%0.92%1.16%1.60%1.37%1.74%1.79%

Drawdowns

EMHC vs. XLK - Drawdown Comparison

The maximum EMHC drawdown since its inception was -28.03%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for EMHC and XLK.

Loading graphics...

Drawdown Indicators

EMHCXLKDifference

Max Drawdown

Largest peak-to-trough decline

-28.03%

-82.05%

+54.02%

Max Drawdown (1Y)

Largest decline over 1 year

-4.37%

-15.92%

+11.55%

Max Drawdown (5Y)

Largest decline over 5 years

—

-33.56%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.56%

—

Current Drawdown

Current decline from peak

-3.44%

-12.36%

+8.92%

Average Drawdown

Average peak-to-trough decline

-10.22%

-35.17%

+24.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.08%

4.93%

-3.85%

Volatility

EMHC vs. XLK - Volatility Comparison

The current volatility for SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) is 2.75%, while State Street Technology Select Sector SPDR ETF (XLK) has a volatility of 8.06%. This indicates that EMHC experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

EMHCXLKDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.75%

8.06%

-5.31%

Volatility (6M)

Calculated over the trailing 6-month period

3.85%

16.43%

-12.58%

Volatility (1Y)

Calculated over the trailing 1-year period

6.76%

27.02%

-20.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.05%

24.72%

-15.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.05%

24.33%

-15.28%