HYDB vs. EMCB
Compare and contrast key facts about iShares High Yield Bond Factor ETF (HYDB) and WisdomTree Emerging Markets Corporate Bond Fund (EMCB).
HYDB and EMCB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYDB is a passively managed fund by iShares that tracks the performance of the BlackRock High Yield Defensive Bond Index. It was launched on Jul 11, 2017. EMCB is an actively managed fund by WisdomTree. It was launched on Mar 8, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYDB or EMCB.
Key characteristics
| HYDB | EMCB | |
|---|---|---|
| YTD Return | 9.73% | 7.71% |
| 1Y Return | 15.57% | 13.53% |
| 3Y Return (Ann) | 4.25% | 0.55% |
| 5Y Return (Ann) | 5.33% | 2.46% |
| Sharpe Ratio | 3.37 | 2.34 |
| Sortino Ratio | 5.40 | 3.61 |
| Omega Ratio | 1.68 | 1.44 |
| Calmar Ratio | 5.59 | 1.05 |
| Martin Ratio | 29.97 | 22.27 |
| Ulcer Index | 0.54% | 0.60% |
| Daily Std Dev | 4.78% | 5.73% |
| Max Drawdown | -21.58% | -22.81% |
| Current Drawdown | 0.00% | -1.01% |
Correlation
The correlation between HYDB and EMCB is 0.35, 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.
Performance
HYDB vs. EMCB - Performance Comparison
In the year-to-date period, HYDB achieves a 9.73% return, which is significantly higher than EMCB's 7.71% 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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HYDB vs. EMCB - Expense Ratio Comparison
HYDB has a 0.35% expense ratio, which is lower than EMCB's 0.60% expense ratio.
Risk-Adjusted Performance
HYDB vs. EMCB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Bond Factor ETF (HYDB) and WisdomTree Emerging Markets Corporate Bond Fund (EMCB). 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
HYDB vs. EMCB - Dividend Comparison
HYDB's dividend yield for the trailing twelve months is around 6.95%, more than EMCB's 5.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYDB iShares High Yield Bond Factor ETF | 6.95% | 7.00% | 6.30% | 4.70% | 5.81% | 5.68% | 6.17% | 2.70% | 0.00% | 0.00% | 0.00% | 0.00% |
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 5.38% | 5.09% | 4.04% | 3.43% | 3.86% | 4.17% | 4.20% | 4.04% | 4.08% | 5.09% | 5.26% | 5.14% |
Drawdowns
HYDB vs. EMCB - Drawdown Comparison
The maximum HYDB drawdown since its inception was -21.58%, smaller than the maximum EMCB drawdown of -22.81%. Use the drawdown chart below to compare losses from any high point for HYDB and EMCB. For additional features, visit the drawdowns tool.
Volatility
HYDB vs. EMCB - Volatility Comparison
The current volatility for iShares High Yield Bond Factor ETF (HYDB) is 1.11%, while WisdomTree Emerging Markets Corporate Bond Fund (EMCB) has a volatility of 1.75%. This indicates that HYDB experiences smaller price fluctuations and is considered to be less risky than EMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.