GCC vs. EMHC

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree Enhanced Commodity Strategy Fund (GCC) and SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC).

GCC and EMHC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GCC is an actively managed fund by WisdomTree. It was launched on Jan 24, 2008. 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.

Performance

GCC vs. EMHC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Enhanced Commodity Strategy Fund (GCC) and SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC). The values are adjusted to include any dividend payments, if applicable.

GCC vs. EMHC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GCC WisdomTree Enhanced Commodity Strategy Fund	13.19%	20.01%	15.13%	-3.72%	7.74%	12.41%
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF	-1.69%	14.07%	3.52%	10.06%	-17.75%	1.68%

Returns By Period

In the year-to-date period, GCC achieves a 13.19% return, which is significantly higher than EMHC's -1.69% return.

GCC

• 1D: 0.42%
• 1M: 2.70%
• YTD: 13.19%
• 6M: 19.55%
• 1Y: 30.43%
• 3Y*: 15.36%
• 5Y*: 12.83%
• 10Y*: 7.15%

EMHC

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

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

GCC vs. EMHC - Expense Ratio Comparison

GCC has a 0.55% expense ratio, which is higher than EMHC's 0.23% expense ratio.

GCC

WisdomTree Enhanced Commodity Strategy Fund

EMHC

SPDR Bloomberg Emerging Markets USD Bond ETF

Return for Risk

GCC vs. EMHC — Risk / Return Rank

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

GCC

GCC Risk / Return Rank: 85
GCC Sharpe Ratio Rank: 85
GCC Sortino Ratio Rank: 82
GCC Omega Ratio Rank: 83
GCC Calmar Ratio Rank: 90
GCC Martin Ratio Rank: 86

EMHC

EMHC Risk / Return Rank: 78
EMHC Sharpe Ratio Rank: 76
EMHC Sortino Ratio Rank: 79
EMHC Omega Ratio Rank: 77
EMHC Calmar Ratio Rank: 80
EMHC Martin Ratio Rank: 81

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.

GCC vs. EMHC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity Strategy Fund (GCC) and SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC). 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.

	GCC	EMHC	Difference
Sharpe ratio Return per unit of total volatility	1.72	1.38	+0.33
Sortino ratio Return per unit of downside risk	2.12	2.01	+0.11
Omega ratio Gain probability vs. loss probability	1.32	1.29	+0.04
Calmar ratio Return relative to maximum drawdown	2.98	2.18	+0.80
Martin ratio Return relative to average drawdown	10.06	8.84	+1.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GCC vs. EMHC - Sharpe Ratio Comparison

The current GCC Sharpe Ratio is 1.72, which is comparable to the EMHC Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of GCC and EMHC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GCC	EMHC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	1.38	+0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.15	-0.08

Correlation

The correlation between GCC and EMHC is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GCC vs. EMHC - Dividend Comparison

GCC's dividend yield for the trailing twelve months is around 5.86%, less than EMHC's 6.33% yield.

	TTM	2025	2024	2023	2022	2021
GCC WisdomTree Enhanced Commodity Strategy Fund	5.86%	6.64%	3.51%	3.68%	22.49%	9.76%
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF	6.33%	6.16%	5.95%	5.12%	5.11%	2.97%

Drawdowns

GCC vs. EMHC - Drawdown Comparison

The maximum GCC drawdown since its inception was -63.19%, which is greater than EMHC's maximum drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for GCC and EMHC.

Drawdown Indicators

	GCC	EMHC	Difference
Max Drawdown Largest peak-to-trough decline	-63.19%	-28.03%	-35.16%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-4.37%	-6.05%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.93%	—	—
Current Drawdown Current decline from peak	-2.33%	-3.44%	+1.11%
Average Drawdown Average peak-to-trough decline	-35.23%	-10.22%	-25.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	1.08%	+2.01%

Volatility

GCC vs. EMHC - Volatility Comparison

WisdomTree Enhanced Commodity Strategy Fund (GCC) has a higher volatility of 5.30% compared to SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) at 2.75%. This indicates that GCC's price experiences larger fluctuations and is considered to be riskier than EMHC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GCC	EMHC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	2.75%	+2.55%
Volatility (6M) Calculated over the trailing 6-month period	14.91%	3.85%	+11.06%
Volatility (1Y) Calculated over the trailing 1-year period	17.83%	6.76%	+11.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	9.05%	+7.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.76%	9.05%	+5.71%