TMH vs. EMB

Last updated Jun 5, 2026

TMH (Toyota Motor Corporation ADRhedged) and EMB (iShares J.P. Morgan USD Emerging Markets Bond ETF) are both exchange-traded funds - TMH is a Consumer Discretionary Equities fund tracking the Toyota Motor Corporation Local Shares Total Return, while EMB is a Emerging Markets Bonds fund tracking the JPMorgan EMBI Global Core Index. Both are passively managed. At a correlation of -0.10, they often move in opposite directions. TMH charges 0.19%/yr vs 0.39%/yr for EMB.

Performance

TMH vs. EMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Toyota Motor Corporation ADRhedged (TMH) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TMH

• 1D: -0.24%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMB

• 1D: 0.21%
• 1M: 1.03%
• YTD: 2.01%
• 6M: 2.23%
• 1Y: 11.38%
• 3Y*: 9.69%
• 5Y*: 1.90%
• 10Y*: 3.29%

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

TMH vs. EMB - Yearly Performance Comparison

	2026 (YTD)
TMH Toyota Motor Corporation ADRhedged	-5.82%
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF	0.29%

Correlation

The correlation between TMH and EMB is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.10

Return for Risk

TMH vs. EMB — Risk / Return Rank

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

EMB

EMB Risk / Return Rank: 62
EMB Sharpe Ratio Rank: 63
EMB Sortino Ratio Rank: 66
EMB Omega Ratio Rank: 68
EMB Calmar Ratio Rank: 52
EMB Martin Ratio Rank: 62

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.

TMH vs. EMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Toyota Motor Corporation ADRhedged (TMH) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). 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

	TMH	EMB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.06	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.20	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	-5.34	0.44	-5.78

Drawdowns

TMH vs. EMB - Drawdown Comparison

The maximum TMH drawdown since its inception was -5.82%, smaller than the maximum EMB drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for TMH and EMB.

Drawdown Indicators

	TMH	EMB	Difference
Max Drawdown Largest peak-to-trough decline	-5.82%	-34.70%	+28.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.51%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.74%	—
Current Drawdown Current decline from peak	-5.82%	-0.17%	-5.65%
Average Drawdown Average peak-to-trough decline	-4.54%	-5.06%	+0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.05%	—

Volatility

Volatility by Period

	TMH	EMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.92%	5.56%	+14.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.92%	9.75%	+10.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.92%	9.95%	+9.97%

TMH vs. EMB - Expense Ratio Comparison

TMH has a 0.19% expense ratio, which is lower than EMB's 0.39% expense ratio.

Dividends

TMH vs. EMB - Dividend Comparison

TMH has not paid dividends to shareholders, while EMB's dividend yield for the trailing twelve months is around 5.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF	5.04%	4.98%	5.46%	4.74%	5.04%	3.89%	3.88%	4.51%	5.64%	4.54%	4.83%	4.84%
TMH Toyota Motor Corporation ADRhedged	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TMH and EMB in my portfolio?

TMH and EMB have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TMH or EMB?

On fees, TMH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TMH or EMB?

TMH is cheaper with a 0.19% expense ratio, compared with 0.39% for EMB.

Which ETF pays a higher dividend yield, TMH or EMB?

EMB has the higher dividend yield at 5.04%, compared with 0.00% for TMH.

What is the main difference between TMH and EMB?

TMH is categorized as Consumer Discretionary Equities, while EMB is Emerging Markets Bonds. TMH tracks Toyota Motor Corporation Local Shares Total Return, while EMB tracks JPMorgan EMBI Global Core Index. They also come from different issuers: ADRhedged and iShares. Their fees differ too: 0.19% for TMH and 0.39% for EMB.