USDU vs. EMBX
USDU (WisdomTree Bloomberg U.S. Dollar Bullish Fund) and EMBX (VanEck Emerging Markets Bond ETF) are both exchange-traded funds - USDU is a Currency fund actively managed by WisdomTree, while EMBX is a Emerging Markets Bonds fund actively managed by VanEck. Both are actively managed. Over the past 10 years, USDU returned 2.85%/yr vs 5.08%/yr for EMBX. At a correlation of -0.40, they often move in opposite directions. USDU charges 0.51%/yr vs 0.76%/yr for EMBX.
Performance
USDU vs. EMBX - Performance Comparison
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Returns By Period
In the year-to-date period, USDU achieves a 3.64% return, which is significantly higher than EMBX's 3.35% return. Over the past 10 years, USDU has underperformed EMBX with an annualized return of 2.85%, while EMBX has yielded a comparatively higher 5.08% annualized return.
USDU
- 1D
- 0.26%
- 1M
- 2.02%
- YTD
- 3.64%
- 6M
- 3.96%
- 1Y
- 6.23%
- 3Y*
- 5.32%
- 5Y*
- 5.59%
- 10Y*
- 2.85%
EMBX
- 1D
- -0.32%
- 1M
- 0.67%
- YTD
- 3.35%
- 6M
- 3.36%
- 1Y
- 13.12%
- 3Y*
- 9.29%
- 5Y*
- 4.09%
- 10Y*
- 5.08%
USDU vs. EMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.64% | -3.14% | 14.56% | 3.10% | 7.67% | 4.07% | -5.43% | 1.54% | 5.40% | -7.44% |
EMBX VanEck Emerging Markets Bond ETF | 3.35% | 18.80% | 3.09% | 9.34% | -7.21% | -4.30% | 11.57% | 13.10% | -6.21% | 11.97% |
Correlation
The correlation between USDU and EMBX is -0.65, 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 (1Y) Calculated over the trailing 1-year period | -0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2013 | -0.40 |
Over the past year, the inverse relationship between USDU and EMBX has strengthened: their correlation has moved from -0.40 to -0.65, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
USDU vs. EMBX — Risk / Return Rank
USDU
EMBX
USDU vs. EMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) 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.
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.
| USDU | EMBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.42 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.56 | -0.85 |
| Martin ratioReturn relative to average drawdown | 4.76 | 10.74 | -5.98 |
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Drawdowns
USDU vs. EMBX - Drawdown Comparison
The maximum USDU drawdown since its inception was -14.54%, smaller than the maximum EMBX drawdown of -25.11%. Use the drawdown chart below to compare losses from any high point for USDU and EMBX.
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Drawdown Indicators
| USDU | EMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.54% | -25.11% | +10.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -5.14% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -7.41% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -9.28% | -23.09% | +13.81% |
Max Drawdown (10Y)Largest decline over 10 years | -14.54% | -25.11% | +10.57% |
Current DrawdownCurrent decline from peak | -0.58% | -1.21% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -7.05% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.22% | +0.10% |
Volatility
USDU vs. EMBX - Volatility Comparison
The current volatility for WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) is 1.41%, while VanEck Emerging Markets Bond ETF (EMBX) has a volatility of 2.08%. This indicates that USDU experiences smaller price fluctuations and is considered to be less risky than EMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USDU | EMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 2.08% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 5.08% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 5.97% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 6.14% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.43% | 6.67% | +0.76% |
USDU vs. EMBX - Expense Ratio Comparison
USDU has a 0.51% expense ratio, which is lower than EMBX's 0.76% expense ratio.
Dividends
USDU vs. EMBX - Dividend Comparison
USDU's dividend yield for the trailing twelve months is around 3.70%, less than EMBX's 5.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMBX VanEck Emerging Markets Bond ETF | 5.92% | 6.95% | 8.20% | 5.49% | 8.21% | 5.50% | 6.56% | 7.89% | 7.25% | 7.66% | 3.94% | 6.84% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.70% | 3.83% | 3.97% | 6.99% | 7.83% | 0.00% | 0.69% | 3.06% | 0.88% | 0.00% | 0.00% | 6.48% |
Frequently Asked Questions
USDU and EMBX have a correlation of -0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMBX has higher volatility (2.08%) compared to USDU (1.41%). In terms of maximum drawdown, USDU dropped -14.54% vs EMBX's -25.11%.
On 10-year performance, EMBX leads with 5.08% vs 2.85% for USDU. On fees, USDU is cheaper at 0.51% per year. On volatility, USDU has been the lower-risk option at 1.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EMBX has performed better with a 5.08% return vs 2.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USDU is cheaper with a 0.51% expense ratio, compared with 0.76% for EMBX.
EMBX has the higher dividend yield at 5.92%, compared with 3.70% for USDU.
USDU is categorized as Currency, while EMBX is Emerging Markets Bonds. They also come from different issuers: WisdomTree and VanEck. Their fees differ too: 0.51% for USDU and 0.76% for EMBX.
EMBX currently has the higher Sharpe Ratio (2.21 vs 1.10), 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.
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