NEMD vs. EMBX

Last updated Apr 2, 2026

Compare and contrast key facts about Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD) and VanEck Emerging Markets Bond ETF (EMBX).

NEMD and EMBX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NEMD is an actively managed fund by Neuberger Berman. It was launched on Sep 27, 2013. EMBX is an actively managed fund by VanEck. It was launched on Oct 6, 2025.

Performance

NEMD vs. EMBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD) and VanEck Emerging Markets Bond ETF (EMBX). The values are adjusted to include any dividend payments, if applicable.

NEMD vs. EMBX - Yearly Performance Comparison

	2026 (YTD)	2025
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	-0.02%	3.74%
EMBX VanEck Emerging Markets Bond ETF	0.42%	2.86%

Returns By Period

In the year-to-date period, NEMD achieves a -0.02% return, which is significantly lower than EMBX's 0.42% return.

NEMD

• 1D: 0.34%
• 1M: -2.63%
• YTD: -0.02%
• 6M: 3.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMBX

• 1D: 0.63%
• 1M: -2.46%
• YTD: 0.42%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NEMD vs. EMBX - Expense Ratio Comparison

NEMD has a 0.60% expense ratio, which is lower than EMBX's 0.76% expense ratio.

EMBX

VanEck Emerging Markets Bond ETF

NEMD

Neuberger Berman Emerging Markets Debt Hard Currency ETF

Return for Risk

NEMD vs. EMBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD) and VanEck Emerging Markets Bond ETF (EMBX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NEMD	EMBX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.79	1.15	+0.64

Correlation

The correlation between NEMD and EMBX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NEMD vs. EMBX - Dividend Comparison

NEMD's dividend yield for the trailing twelve months is around 3.87%, more than EMBX's 2.72% yield.

	TTM	2025
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	3.87%	2.39%
EMBX VanEck Emerging Markets Bond ETF	2.72%	1.47%

Drawdowns

NEMD vs. EMBX - Drawdown Comparison

The maximum NEMD drawdown since its inception was -4.43%, smaller than the maximum EMBX drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for NEMD and EMBX.

Drawdown Indicators

	NEMD	EMBX	Difference
Max Drawdown Largest peak-to-trough decline	-4.43%	-5.14%	+0.71%
Current Drawdown Current decline from peak	-3.03%	-3.39%	+0.36%
Average Drawdown Average peak-to-trough decline	-0.51%	-0.79%	+0.28%

Volatility

Volatility by Period

	NEMD	EMBX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	6.30%	6.05%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.30%	6.05%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.30%	6.05%	+0.25%