EMSF vs. IBID

Last updated Jun 24, 2026

EMSF (Matthews Emerging Markets Sustainable Future Active ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - EMSF is a Emerging Markets Diversified fund actively managed by Matthews, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. EMSF is actively managed, while IBID is passively managed. Over the past year, EMSF returned 58.48% vs 3.92% for IBID. At a correlation of -0.01, they often move in opposite directions. EMSF charges 0.79%/yr vs 0.10%/yr for IBID.

Performance

EMSF vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Emerging Markets Sustainable Future Active ETF (EMSF) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMSF achieves a 45.49% return, which is significantly higher than IBID's 1.94% return.

EMSF

• 1D: -6.10%
• 1M: 5.39%
• YTD: 45.49%
• 6M: 45.93%
• 1Y: 58.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBID

• 1D: -0.05%
• 1M: -0.25%
• YTD: 1.94%
• 6M: 2.03%
• 1Y: 3.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMSF vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EMSF Matthews Emerging Markets Sustainable Future Active ETF	45.49%	19.20%	-3.09%	0.98%
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.94%	5.66%	4.71%	3.05%

Correlation

The correlation between EMSF and IBID is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.17
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023	-0.01

The correlation between EMSF and IBID shifts across timeframes, from -0.17 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EMSF vs. IBID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMSF

EMSF Risk / Return Rank: 71
EMSF Sharpe Ratio Rank: 70
EMSF Sortino Ratio Rank: 61
EMSF Omega Ratio Rank: 68
EMSF Calmar Ratio Rank: 82
EMSF Martin Ratio Rank: 75

IBID

IBID Risk / Return Rank: 95
IBID Sharpe Ratio Rank: 94
IBID Sortino Ratio Rank: 96
IBID Omega Ratio Rank: 95
IBID Calmar Ratio Rank: 95
IBID Martin Ratio Rank: 95

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.

EMSF vs. IBID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Sustainable Future Active ETF (EMSF) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EMSF	IBID	Difference
Sharpe ratio: Return per unit of total volatility	2.08	3.19	-1.11
Sortino ratio: Return per unit of downside risk	2.62	5.38	-2.76
Omega ratio: Gain probability vs. loss probability	1.37	1.72	-0.34
Calmar ratio: Return relative to maximum drawdown	4.03	7.20	-3.17
Martin ratio: Return relative to average drawdown	13.14	29.14	-16.00

EMSF vs. IBID - Sharpe Ratio Comparison

The current EMSF Sharpe Ratio is 2.08, which is lower than the IBID Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of EMSF and IBID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EMSF vs. IBID - Drawdown Comparison

The maximum EMSF drawdown since its inception was -24.75%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for EMSF and IBID.

Drawdown Indicators

	EMSF	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-24.75%	-1.28%	-23.47%
Max Drawdown (1Y) Largest decline over 1 year	-14.57%	-0.55%	-14.02%
Current Drawdown Current decline from peak	-6.10%	-0.55%	-5.55%
Average Drawdown Average peak-to-trough decline	-5.72%	-0.22%	-5.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	0.13%	+4.33%

Volatility

EMSF vs. IBID - Volatility Comparison

Matthews Emerging Markets Sustainable Future Active ETF (EMSF) has a higher volatility of 14.20% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that EMSF's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMSF	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.20%	0.35%	+13.85%
Volatility (6M) Calculated over the trailing 6-month period	24.49%	0.86%	+23.63%
Volatility (1Y) Calculated over the trailing 1-year period	28.21%	1.23%	+26.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.87%	2.24%	+21.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.87%	2.24%	+21.63%

EMSF vs. IBID - Expense Ratio Comparison

EMSF has a 0.79% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

EMSF vs. IBID - Dividend Comparison

EMSF's dividend yield for the trailing twelve months is around 1.29%, less than IBID's 3.68% yield.

Position	TTM	2025	2024	2023
EMSF Matthews Emerging Markets Sustainable Future Active ETF	1.29%	1.88%	3.29%	0.02%
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.68%	4.43%	4.24%	0.81%

Frequently Asked Questions

Can I hold both EMSF and IBID in my portfolio?

EMSF and IBID have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMSF or IBID?

EMSF has higher volatility (14.20%) compared to IBID (0.35%). In terms of maximum drawdown, EMSF dropped -24.75% vs IBID's -1.28%.

Which ETF is better, EMSF or IBID?

On 1-year performance, EMSF leads with 58.48% vs 3.92% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMSF or IBID?

Over the 1-year period, EMSF has performed better with a 58.48% return vs 3.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMSF or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.79% for EMSF.

Which ETF pays a higher dividend yield, EMSF or IBID?

IBID has the higher dividend yield at 3.68%, compared with 1.29% for EMSF.

What is the main difference between EMSF and IBID?

EMSF is categorized as Emerging Markets Diversified, while IBID is Inflation-Protected Bonds. They also come from different issuers: Matthews and iShares. Their fees differ too: 0.79% for EMSF and 0.10% for IBID.

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.19 vs 2.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.