FIIG vs. CEMB
FIIG (First Trust Intermediate Duration Investment Grade Corporate ETF) and CEMB (iShares J.P. Morgan EM Corporate Bond ETF) are both Corporate Bonds funds. FIIG is actively managed, while CEMB is passively managed. Over the past year, FIIG returned 5.17% vs 7.31% for CEMB. A 0.77 correlation means they provide meaningful diversification when combined. FIIG charges 0.65%/yr vs 0.50%/yr for CEMB.
Performance
FIIG vs. CEMB - Performance Comparison
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Returns By Period
In the year-to-date period, FIIG achieves a -0.56% return, which is significantly lower than CEMB's 1.49% return.
FIIG
- 1D
- -0.17%
- 1M
- 0.08%
- YTD
- -0.56%
- 6M
- -0.47%
- 1Y
- 5.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEMB
- 1D
- -0.20%
- 1M
- 0.46%
- YTD
- 1.49%
- 6M
- 1.83%
- 1Y
- 7.31%
- 3Y*
- 7.31%
- 5Y*
- 1.97%
- 10Y*
- 3.49%
FIIG vs. CEMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FIIG First Trust Intermediate Duration Investment Grade Corporate ETF | -0.56% | 8.80% | 2.15% | 6.83% |
CEMB iShares J.P. Morgan EM Corporate Bond ETF | 1.49% | 8.86% | 5.81% | 5.28% |
Correlation
The correlation between FIIG and CEMB is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2023 | 0.77 |
The correlation between FIIG and CEMB has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.
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Return for Risk
FIIG vs. CEMB — Risk / Return Rank
FIIG
CEMB
FIIG vs. CEMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) and iShares J.P. Morgan EM Corporate Bond ETF (CEMB). 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.
| FIIG | CEMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.47 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.55 | -0.90 |
| Martin ratioReturn relative to average drawdown | 5.30 | 11.06 | -5.76 |
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
| FIIG | CEMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 2.40 | -1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.35 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.49 | +0.54 |
Drawdowns
FIIG vs. CEMB - Drawdown Comparison
The maximum FIIG drawdown since its inception was -5.50%, smaller than the maximum CEMB drawdown of -20.84%. Use the drawdown chart below to compare losses from any high point for FIIG and CEMB.
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Drawdown Indicators
| FIIG | CEMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.50% | -20.84% | +15.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -2.88% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.84% | — |
Current DrawdownCurrent decline from peak | -1.51% | -0.24% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -3.66% | +2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.66% | +0.32% |
Volatility
FIIG vs. CEMB - Volatility Comparison
First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) has a higher volatility of 1.63% compared to iShares J.P. Morgan EM Corporate Bond ETF (CEMB) at 1.08%. This indicates that FIIG's price experiences larger fluctuations and is considered to be riskier than CEMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIIG | CEMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 1.08% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 2.43% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.61% | 3.06% | +1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.91% | 5.63% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.91% | 6.30% | -0.39% |
FIIG vs. CEMB - Expense Ratio Comparison
FIIG has a 0.65% expense ratio, which is higher than CEMB's 0.50% expense ratio.
Dividends
FIIG vs. CEMB - Dividend Comparison
FIIG's dividend yield for the trailing twelve months is around 4.96%, less than CEMB's 5.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMB iShares J.P. Morgan EM Corporate Bond ETF | 5.13% | 5.14% | 5.11% | 4.77% | 4.29% | 3.51% | 3.86% | 4.19% | 4.66% | 4.06% | 4.26% | 4.76% |
FIIG First Trust Intermediate Duration Investment Grade Corporate ETF | 4.96% | 4.76% | 4.45% | 1.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FIIG and CEMB have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIIG has higher volatility (1.63%) compared to CEMB (1.08%). In terms of maximum drawdown, FIIG dropped -5.50% vs CEMB's -20.84%.
On 1-year performance, CEMB leads with 7.31% vs 5.17% for FIIG. On fees, CEMB is cheaper at 0.50% per year. On volatility, CEMB has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CEMB has performed better with a 7.31% return vs 5.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CEMB is cheaper with a 0.50% expense ratio, compared with 0.65% for FIIG.
CEMB has the higher dividend yield at 5.13%, compared with 4.96% for FIIG.
They also come from different issuers: First Trust and iShares. Their fees differ too: 0.65% for FIIG and 0.50% for CEMB.
CEMB currently has the higher Sharpe Ratio (2.40 vs 1.13), 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.
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