VEMY vs. JPMB
Compare and contrast key facts about Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) and JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB).
VEMY and JPMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEMY is an actively managed fund by Virtus. It was launched on Dec 12, 2022. JPMB is a passively managed fund by JPMorgan Chase that tracks the performance of the J.P. Morgan Emerging Markets Risk-Aware Bond Index. It was launched on Jan 29, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VEMY or JPMB.
Key characteristics
| VEMY | JPMB | |
|---|---|---|
| YTD Return | 13.55% | 2.65% |
| 1Y Return | 21.17% | 10.44% |
| Sharpe Ratio | 3.05 | 1.41 |
| Sortino Ratio | 4.52 | 2.07 |
| Omega Ratio | 1.61 | 1.25 |
| Calmar Ratio | 6.77 | 0.60 |
| Martin Ratio | 27.80 | 5.95 |
| Ulcer Index | 0.73% | 1.68% |
| Daily Std Dev | 6.67% | 7.08% |
| Max Drawdown | -8.77% | -26.33% |
| Current Drawdown | -0.66% | -7.86% |
Correlation
The correlation between VEMY and JPMB is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VEMY vs. JPMB - Performance Comparison
In the year-to-date period, VEMY achieves a 13.55% return, which is significantly higher than JPMB's 2.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VEMY vs. JPMB - Expense Ratio Comparison
VEMY has a 0.58% expense ratio, which is higher than JPMB's 0.39% expense ratio.
Risk-Adjusted Performance
VEMY vs. JPMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) and JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB). 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
VEMY vs. JPMB - Dividend Comparison
VEMY's dividend yield for the trailing twelve months is around 7.40%, more than JPMB's 6.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 7.40% | 9.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 6.19% | 5.99% | 4.94% | 4.29% | 4.28% | 4.51% | 4.58% |
Drawdowns
VEMY vs. JPMB - Drawdown Comparison
The maximum VEMY drawdown since its inception was -8.77%, smaller than the maximum JPMB drawdown of -26.33%. Use the drawdown chart below to compare losses from any high point for VEMY and JPMB. For additional features, visit the drawdowns tool.
Volatility
VEMY vs. JPMB - Volatility Comparison
The current volatility for Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) is 1.62%, while JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) has a volatility of 2.13%. This indicates that VEMY experiences smaller price fluctuations and is considered to be less risky than JPMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.