JEMB vs. VEMY

Last updated Jun 5, 2026

JEMB (Janus Henderson Emerging Markets Debt Hard Currency ETF) and VEMY (Virtus Stone Harbor Emerging Markets High Yield Bond ETF) are both Emerging Markets Bonds funds. Both are actively managed. Over the past year, JEMB returned 12.99% vs 18.43% for VEMY. At a 0.50 correlation, their price movements are largely independent. JEMB charges 0.52%/yr vs 0.58%/yr for VEMY.

Performance

JEMB vs. VEMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Emerging Markets Debt Hard Currency ETF (JEMB) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEMB achieves a 2.72% return, which is significantly lower than VEMY's 5.93% return.

JEMB

• 1D: 0.24%
• 1M: 0.57%
• YTD: 2.72%
• 6M: 3.66%
• 1Y: 12.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VEMY

• 1D: 0.03%
• 1M: 1.22%
• YTD: 5.93%
• 6M: 6.67%
• 1Y: 18.43%
• 3Y*: 15.52%
• 5Y*: —
• 10Y*: —

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

JEMB vs. VEMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF	2.72%	14.63%	1.79%
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF	5.93%	15.27%	3.74%

Correlation

The correlation between JEMB and VEMY is 0.53, 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	0.53
Correlation (All Time) Calculated using the full available price history since Aug 15, 2024	0.50

The correlation between JEMB and VEMY has been stable across timeframes, ranging from 0.50 to 0.53 - a consistent structural relationship.

Return for Risk

JEMB vs. VEMY — Risk / Return Rank

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

JEMB

JEMB Risk / Return Rank: 54
JEMB Sharpe Ratio Rank: 48
JEMB Sortino Ratio Rank: 49
JEMB Omega Ratio Rank: 53
JEMB Calmar Ratio Rank: 57
JEMB Martin Ratio Rank: 64

VEMY

VEMY Risk / Return Rank: 90
VEMY Sharpe Ratio Rank: 90
VEMY Sortino Ratio Rank: 93
VEMY Omega Ratio Rank: 93
VEMY Calmar Ratio Rank: 85
VEMY Martin Ratio Rank: 91

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.

JEMB vs. VEMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Emerging Markets Debt Hard Currency ETF (JEMB) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY). 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.

	JEMB	VEMY	Difference
Sharpe ratio: Return per unit of total volatility	1.64	3.06	-1.42
Sortino ratio: Return per unit of downside risk	2.36	4.70	-2.34
Omega ratio: Gain probability vs. loss probability	1.33	1.63	-0.30
Calmar ratio: Return relative to maximum drawdown	2.79	4.62	-1.83
Martin ratio: Return relative to average drawdown	11.47	21.97	-10.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEMB vs. VEMY - Sharpe Ratio Comparison

The current JEMB Sharpe Ratio is 1.64, which is lower than the VEMY Sharpe Ratio of 3.06. The chart below compares the historical Sharpe Ratios of JEMB and VEMY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JEMB	VEMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	3.06	-1.42
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	1.83	-0.58

Drawdowns

JEMB vs. VEMY - Drawdown Comparison

The maximum JEMB drawdown since its inception was -5.37%, smaller than the maximum VEMY drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for JEMB and VEMY.

Drawdown Indicators

	JEMB	VEMY	Difference
Max Drawdown Largest peak-to-trough decline	-5.37%	-8.77%	+3.40%
Max Drawdown (1Y) Largest decline over 1 year	-4.67%	-4.00%	-0.67%
Max Drawdown (3Y) Largest decline over 3 years	—	-6.57%	—
Current Drawdown Current decline from peak	-0.42%	-0.14%	-0.28%
Average Drawdown Average peak-to-trough decline	-1.01%	-1.30%	+0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	0.84%	+0.30%

Volatility

JEMB vs. VEMY - Volatility Comparison

Janus Henderson Emerging Markets Debt Hard Currency ETF (JEMB) has a higher volatility of 2.38% compared to Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) at 1.54%. This indicates that JEMB's price experiences larger fluctuations and is considered to be riskier than VEMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEMB	VEMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	1.54%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	6.35%	4.63%	+1.72%
Volatility (1Y) Calculated over the trailing 1-year period	7.98%	6.05%	+1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.51%	7.63%	+0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.51%	7.63%	+0.88%

JEMB vs. VEMY - Expense Ratio Comparison

JEMB has a 0.52% expense ratio, which is lower than VEMY's 0.58% expense ratio.

Dividends

JEMB vs. VEMY - Dividend Comparison

JEMB's dividend yield for the trailing twelve months is around 6.27%, less than VEMY's 8.37% yield.

Position	TTM	2025	2024	2023
JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF	6.27%	6.19%	2.53%	0.00%
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF	8.37%	8.89%	10.28%	9.55%

Frequently Asked Questions

Can I hold both JEMB and VEMY in my portfolio?

JEMB and VEMY have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JEMB or VEMY?

JEMB has higher volatility (2.38%) compared to VEMY (1.54%). In terms of maximum drawdown, JEMB dropped -5.37% vs VEMY's -8.77%.

Which ETF is better, JEMB or VEMY?

On 1-year performance, VEMY leads with 18.43% vs 12.99% for JEMB. On fees, JEMB is cheaper at 0.52% per year. On volatility, VEMY has been the lower-risk option at 1.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JEMB or VEMY?

Over the 1-year period, VEMY has performed better with a 18.43% return vs 12.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JEMB or VEMY?

JEMB is cheaper with a 0.52% expense ratio, compared with 0.58% for VEMY.

Which ETF pays a higher dividend yield, JEMB or VEMY?

VEMY has the higher dividend yield at 8.37%, compared with 6.27% for JEMB.

What is the main difference between JEMB and VEMY?

They also come from different issuers: Janus Henderson and Virtus. Their fees differ too: 0.52% for JEMB and 0.58% for VEMY.

Which has better risk-adjusted returns?

VEMY currently has the higher Sharpe Ratio (3.06 vs 1.64), 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.