EMXC vs. BND
EMXC (iShares MSCI Emerging Markets ex China ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - EMXC is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 5 years, EMXC returned 12.14%/yr vs 0.03%/yr for BND. At a 0.09 correlation, their price movements are largely independent. EMXC charges 0.49%/yr vs 0.03%/yr for BND.
Performance
EMXC vs. BND - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMXC achieves a 37.25% return, which is significantly higher than BND's 0.52% return.
EMXC
- 1D
- 0.55%
- 1M
- 3.75%
- YTD
- 37.25%
- 6M
- 42.23%
- 1Y
- 65.26%
- 3Y*
- 26.47%
- 5Y*
- 12.14%
- 10Y*
- —
BND
- 1D
- -0.12%
- 1M
- 0.42%
- YTD
- 0.52%
- 6M
- 0.91%
- 1Y
- 4.40%
- 3Y*
- 4.17%
- 5Y*
- 0.03%
- 10Y*
- 1.58%
EMXC vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 37.25% | 35.14% | 2.68% | 18.96% | -19.56% | 8.54% | 12.76% | 15.80% | -12.96% | 7.16% |
BND Vanguard Total Bond Market ETF | 0.52% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 1.09% |
Correlation
The correlation between EMXC and BND is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2017 | 0.09 |
Over the past year, EMXC and BND have become more correlated (0.35) than their long-term average of 0.09, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMXC vs. BND — Risk / Return Rank
EMXC
BND
EMXC vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ex China ETF (EMXC) and Vanguard Total Bond Market ETF (BND). 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.
| EMXC | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.21 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.55 | 1.65 | +2.90 |
| Martin ratioReturn relative to average drawdown | 17.51 | 4.81 | +12.71 |
Loading charts...
Drawdowns
EMXC vs. BND - Drawdown Comparison
The maximum EMXC drawdown since its inception was -42.81%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for EMXC and BND.
Loading charts...
Drawdown Indicators
| EMXC | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.81% | -18.58% | -24.23% |
Max Drawdown (1Y)Largest decline over 1 year | -14.41% | -2.68% | -11.73% |
Max Drawdown (3Y)Largest decline over 3 years | -19.12% | -5.92% | -13.20% |
Max Drawdown (5Y)Largest decline over 5 years | -28.91% | -17.91% | -11.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -4.12% | -2.12% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -10.17% | -3.06% | -7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 0.92% | +2.82% |
Volatility
EMXC vs. BND - Volatility Comparison
iShares MSCI Emerging Markets ex China ETF (EMXC) has a higher volatility of 12.83% compared to Vanguard Total Bond Market ETF (BND) at 1.28%. This indicates that EMXC's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMXC | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.83% | 1.28% | +11.55% |
Volatility (6M)Calculated over the trailing 6-month period | 21.90% | 2.74% | +19.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.90% | 3.75% | +20.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 6.03% | +11.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.07% | 5.53% | +14.54% |
EMXC vs. BND - Expense Ratio Comparison
EMXC has a 0.49% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
EMXC vs. BND - Dividend Comparison
EMXC's dividend yield for the trailing twelve months is around 2.05%, less than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
EMXC iShares MSCI Emerging Markets ex China ETF | 2.05% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% | 0.00% | 0.00% |
Frequently Asked Questions
EMXC and BND have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMXC has higher volatility (12.83%) compared to BND (1.28%). In terms of maximum drawdown, EMXC dropped -42.81% vs BND's -18.58%.
On 5-year performance, EMXC leads with 12.14% vs 0.03% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EMXC has performed better with a 12.14% return vs 0.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.49% for EMXC.
BND has the higher dividend yield at 3.96%, compared with 2.05% for EMXC.
EMXC is categorized as Emerging Markets Equities, while BND is Total Bond Market. EMXC tracks MSCI Emerging Markets ex China Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.49% for EMXC and 0.03% for BND.
EMXC currently has the higher Sharpe Ratio (2.74 vs 1.18), 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.
Find the right allocation for EMXC and BND
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer