NEMD vs. EMHY
NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) and EMHY (iShares J.P. Morgan EM High Yield Bond ETF) are both Emerging Markets Bonds funds. NEMD is actively managed, while EMHY is passively managed. Their correlation of 0.88 suggests significant overlap in exposure. NEMD charges 0.60%/yr vs 0.50%/yr for EMHY.
Performance
NEMD vs. EMHY - Performance Comparison
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Returns By Period
In the year-to-date period, NEMD achieves a 3.89% return, which is significantly higher than EMHY's 3.14% return.
NEMD
- 1D
- -0.73%
- 1M
- -0.53%
- 6M
- 3.30%
- YTD
- 3.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMHY
- 1D
- -0.52%
- 1M
- -0.19%
- 6M
- 3.08%
- YTD
- 3.14%
- 1Y
- 11.20%
- 3Y*
- 11.85%
- 5Y*
- 4.37%
- 10Y*
- 4.29%
NEMD vs. EMHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 3.89% | 7.10% |
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 3.14% | 5.54% |
Correlation
The correlation between NEMD and EMHY is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 11, 2025 | 0.88 |
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Return for Risk
NEMD vs. EMHY — Risk / Return Rank
NEMD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EMHY
NEMD vs. EMHY - 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 iShares J.P. Morgan EM High Yield Bond ETF (EMHY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NEMD | EMHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.59 | — |
| Martin ratioReturn relative to average drawdown | — | 11.78 | — |
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Drawdowns
NEMD vs. EMHY - Drawdown Comparison
The maximum NEMD drawdown since its inception was -4.43%, smaller than the maximum EMHY drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for NEMD and EMHY.
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Drawdown Indicators
| NEMD | EMHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.43% | -30.11% | +25.68% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.34% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.11% | — |
Current DrawdownCurrent decline from peak | -0.95% | -0.69% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -0.56% | -4.86% | +4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.95% | — |
Volatility
NEMD vs. EMHY - Volatility Comparison
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Volatility by Period
| NEMD | EMHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.39% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.55% | 5.67% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 9.11% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.55% | 10.65% | -4.10% |
NEMD vs. EMHY - Expense Ratio Comparison
NEMD has a 0.60% expense ratio, which is higher than EMHY's 0.50% expense ratio.
Dividends
NEMD vs. EMHY - Dividend Comparison
NEMD's dividend yield for the trailing twelve months is around 5.25%, less than EMHY's 6.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 6.45% | 6.52% | 6.86% | 6.73% | 7.08% | 5.58% | 5.44% | 5.72% | 6.79% | 5.59% | 6.43% | 6.99% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 5.25% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NEMD and EMHY have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMHY is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMHY is cheaper with a 0.50% expense ratio, compared with 0.60% for NEMD.
EMHY has the higher dividend yield at 6.45%, compared with 5.25% for NEMD.
They also come from different issuers: Neuberger Berman and iShares. Their fees differ too: 0.60% for NEMD and 0.50% for EMHY.
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