EMHY vs. EMB
Compare and contrast key facts about iShares J.P. Morgan EM High Yield Bond ETF (EMHY) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB).
EMHY and EMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMHY is a passively managed fund by iShares that tracks the performance of the J.P. Morgan USD Emerging Markets High Yield Bond Index. It was launched on Apr 3, 2012. EMB is a passively managed fund by iShares that tracks the performance of the JPMorgan EMBI Global Core Index. It was launched on Dec 17, 2007. Both EMHY and EMB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMHY or EMB.
Key characteristics
| EMHY | EMB | |
|---|---|---|
| YTD Return | 12.07% | 6.44% |
| 1Y Return | 21.61% | 16.05% |
| 3Y Return (Ann) | 2.70% | -1.36% |
| 5Y Return (Ann) | 2.66% | 0.27% |
| 10Y Return (Ann) | 3.74% | 2.53% |
| Sharpe Ratio | 3.09 | 1.98 |
| Sortino Ratio | 4.60 | 2.91 |
| Omega Ratio | 1.59 | 1.35 |
| Calmar Ratio | 1.48 | 0.79 |
| Martin Ratio | 25.29 | 11.22 |
| Ulcer Index | 0.83% | 1.38% |
| Daily Std Dev | 6.80% | 7.78% |
| Max Drawdown | -30.11% | -34.70% |
| Current Drawdown | -0.82% | -6.77% |
Correlation
The correlation between EMHY and EMB is 0.79, 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.
Performance
EMHY vs. EMB - Performance Comparison
In the year-to-date period, EMHY achieves a 12.07% return, which is significantly higher than EMB's 6.44% return. Over the past 10 years, EMHY has outperformed EMB with an annualized return of 3.74%, while EMB has yielded a comparatively lower 2.53% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EMHY vs. EMB - Expense Ratio Comparison
EMHY has a 0.50% expense ratio, which is higher than EMB's 0.39% expense ratio.
Risk-Adjusted Performance
EMHY vs. EMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan EM High Yield Bond ETF (EMHY) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). 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.
Dividends
EMHY vs. EMB - Dividend Comparison
EMHY's dividend yield for the trailing twelve months is around 6.52%, more than EMB's 4.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 6.52% | 6.73% | 7.08% | 5.59% | 5.44% | 5.72% | 6.80% | 5.59% | 6.43% | 6.99% | 6.37% | 6.03% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 4.94% | 4.74% | 5.04% | 3.90% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% | 4.56% | 4.75% |
Drawdowns
EMHY vs. EMB - Drawdown Comparison
The maximum EMHY drawdown since its inception was -30.11%, smaller than the maximum EMB drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for EMHY and EMB. For additional features, visit the drawdowns tool.
Volatility
EMHY vs. EMB - Volatility Comparison
iShares J.P. Morgan EM High Yield Bond ETF (EMHY) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) have volatilities of 2.12% and 2.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.