TEDNX vs. EMHY
Compare and contrast key facts about TIAA-CREF Emerging Markets Debt Fund (TEDNX) and iShares J.P. Morgan EM High Yield Bond ETF (EMHY).
TEDNX is managed by TIAA Investments. It was launched on Sep 25, 2014. EMHY is a passively managed fund by iShares that tracks the performance of the J.P. Morgan USD Emerging Markets High Yield Bond Index. It was launched on Apr 3, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TEDNX or EMHY.
Correlation
The correlation between TEDNX and EMHY is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TEDNX vs. EMHY - Performance Comparison
Key characteristics
TEDNX:
3.18
EMHY:
2.26
TEDNX:
4.96
EMHY:
3.21
TEDNX:
1.66
EMHY:
1.43
TEDNX:
1.64
EMHY:
2.08
TEDNX:
13.89
EMHY:
15.96
TEDNX:
0.86%
EMHY:
0.86%
TEDNX:
3.77%
EMHY:
6.06%
TEDNX:
-25.65%
EMHY:
-30.11%
TEDNX:
-0.11%
EMHY:
-0.39%
Returns By Period
The year-to-date returns for both investments are quite close, with TEDNX having a 2.24% return and EMHY slightly higher at 2.28%. Both investments have delivered pretty close results over the past 10 years, with TEDNX having a 4.33% annualized return and EMHY not far behind at 4.32%.
TEDNX
2.24%
1.64%
3.11%
11.58%
1.85%
4.33%
EMHY
2.28%
1.27%
4.72%
14.15%
2.16%
4.32%
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TEDNX vs. EMHY - Expense Ratio Comparison
TEDNX has a 0.62% expense ratio, which is higher than EMHY's 0.50% expense ratio.
Risk-Adjusted Performance
TEDNX vs. EMHY — Risk-Adjusted Performance Rank
TEDNX
EMHY
TEDNX vs. EMHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Emerging Markets Debt Fund (TEDNX) 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.
Dividends
TEDNX vs. EMHY - Dividend Comparison
TEDNX's dividend yield for the trailing twelve months is around 6.44%, less than EMHY's 6.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TEDNX TIAA-CREF Emerging Markets Debt Fund | 6.44% | 6.59% | 5.03% | 6.15% | 4.81% | 4.27% | 5.29% | 5.59% | 5.64% | 5.34% | 5.18% | 0.56% |
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 6.95% | 6.87% | 6.73% | 7.08% | 5.59% | 5.44% | 5.72% | 6.80% | 5.59% | 6.43% | 6.99% | 6.37% |
Drawdowns
TEDNX vs. EMHY - Drawdown Comparison
The maximum TEDNX drawdown since its inception was -25.65%, smaller than the maximum EMHY drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for TEDNX and EMHY. For additional features, visit the drawdowns tool.
Volatility
TEDNX vs. EMHY - Volatility Comparison
The current volatility for TIAA-CREF Emerging Markets Debt Fund (TEDNX) is 0.84%, while iShares J.P. Morgan EM High Yield Bond ETF (EMHY) has a volatility of 1.26%. This indicates that TEDNX experiences smaller price fluctuations and is considered to be less risky than EMHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.