VEMY vs. EMCB
VEMY (Virtus Stone Harbor Emerging Markets High Yield Bond ETF) and EMCB (WisdomTree Emerging Markets Corporate Bond Fund) are both Emerging Markets Bonds funds. Both are actively managed. Over the past 3 years, VEMY returned 15.52%/yr vs 7.85%/yr for EMCB. At a 0.39 correlation, their price movements are largely independent. VEMY charges 0.58%/yr vs 0.60%/yr for EMCB.
Performance
VEMY vs. EMCB - Performance Comparison
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Returns By Period
In the year-to-date period, VEMY achieves a 5.93% return, which is significantly higher than EMCB's 1.87% return.
VEMY
- 1D
- 0.03%
- 1M
- 1.22%
- YTD
- 5.93%
- 6M
- 6.67%
- 1Y
- 18.43%
- 3Y*
- 15.52%
- 5Y*
- —
- 10Y*
- —
EMCB
- 1D
- -0.16%
- 1M
- 0.25%
- YTD
- 1.87%
- 6M
- 1.80%
- 1Y
- 7.30%
- 3Y*
- 7.85%
- 5Y*
- 2.14%
- 10Y*
- 4.18%
VEMY vs. EMCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 5.93% | 15.27% | 13.48% | 14.45% | -1.08% |
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 1.87% | 8.19% | 7.11% | 8.76% | -0.80% |
Correlation
The correlation between VEMY and EMCB is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2022 | 0.39 |
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Return for Risk
VEMY vs. EMCB — Risk / Return Rank
VEMY
EMCB
VEMY vs. EMCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) and WisdomTree Emerging Markets Corporate Bond Fund (EMCB). 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.
| VEMY | EMCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.36 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | 2.39 | +2.23 |
| Martin ratioReturn relative to average drawdown | 21.97 | 8.45 | +13.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VEMY | EMCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 1.78 | +1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.31 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.83 | 0.46 | +1.37 |
Drawdowns
VEMY vs. EMCB - Drawdown Comparison
The maximum VEMY drawdown since its inception was -8.77%, smaller than the maximum EMCB drawdown of -22.81%. Use the drawdown chart below to compare losses from any high point for VEMY and EMCB.
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Drawdown Indicators
| VEMY | EMCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.77% | -22.81% | +14.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -3.07% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -6.57% | -4.20% | -2.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.81% | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.80% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -4.23% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.87% | -0.03% |
Volatility
VEMY vs. EMCB - Volatility Comparison
Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) and WisdomTree Emerging Markets Corporate Bond Fund (EMCB) have volatilities of 1.54% and 1.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEMY | EMCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.56% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 2.89% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.05% | 4.14% | +1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.63% | 6.94% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 8.48% | -0.85% |
VEMY vs. EMCB - Expense Ratio Comparison
VEMY has a 0.58% expense ratio, which is lower than EMCB's 0.60% expense ratio.
Dividends
VEMY vs. EMCB - Dividend Comparison
VEMY's dividend yield for the trailing twelve months is around 8.37%, more than EMCB's 5.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 5.36% | 5.47% | 5.29% | 5.09% | 4.04% | 3.43% | 3.85% | 4.17% | 4.20% | 4.04% | 4.08% | 5.09% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 8.37% | 8.89% | 10.28% | 9.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VEMY and EMCB have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMCB has higher volatility (1.56%) compared to VEMY (1.54%). In terms of maximum drawdown, VEMY dropped -8.77% vs EMCB's -22.81%.
On 3-year performance, VEMY leads with 15.52% vs 7.85% for EMCB. On fees, VEMY is cheaper at 0.58% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VEMY has performed better with a 15.52% return vs 7.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VEMY is cheaper with a 0.58% expense ratio, compared with 0.60% for EMCB.
VEMY has the higher dividend yield at 8.37%, compared with 5.36% for EMCB.
They also come from different issuers: Virtus and WisdomTree. Their fees differ too: 0.58% for VEMY and 0.60% for EMCB.
VEMY currently has the higher Sharpe Ratio (3.06 vs 1.78), 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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