VEMY vs. JPMB
VEMY (Virtus Stone Harbor Emerging Markets High Yield Bond ETF) and JPMB (JPMorgan USD Emerging Markets Sovereign Bond ETF) are both Emerging Markets Bonds funds. VEMY is actively managed, while JPMB is passively managed. Over the past 3 years, VEMY returned 13.84%/yr vs 6.85%/yr for JPMB. Their 0.80 correlation means they have sometimes moved together and sometimes differently. VEMY charges 0.58%/yr vs 0.39%/yr for JPMB.
Performance
VEMY vs. JPMB - Performance Comparison
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Returns By Period
In the year-to-date period, VEMY achieves a 5.65% return, which is significantly higher than JPMB's 0.76% return.
VEMY
- 1D
- 0.04%
- 1M
- -0.85%
- 6M
- 3.07%
- YTD
- 5.65%
- 1Y
- 12.83%
- 3Y*
- 13.84%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.01%
JPMB
- 1D
- -0.09%
- 1M
- -1.48%
- 6M
- 0.58%
- YTD
- 0.76%
- 1Y
- 6.64%
- 3Y*
- 6.85%
- 5Y*
- 1.08%
- 10Y*
- —
- ALL TIME*
- 2.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $317.74K | $415.08K | $340.28K | |
| $966.52K | $884.39K | $876.68K |
VEMY vs. JPMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 5.65% | 15.27% | 13.48% | 14.45% | -1.43% |
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 0.76% | 13.73% | 1.46% | 9.48% | -1.24% |
Correlation
The correlation between VEMY and JPMB is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.80 |
The correlation between VEMY and JPMB has been stable across timeframes, ranging from 0.80 to 0.80 - a consistent structural relationship.
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Return for Risk
VEMY vs. JPMB — Risk / Return Rank
VEMY
JPMB
VEMY vs. JPMB - 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 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.
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.
| VEMY | JPMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.24 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 1.54 | +1.70 |
| Martin ratioReturn relative to average drawdown | 14.88 | 6.27 | +8.61 |
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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.
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Drawdown Indicators
| VEMY | JPMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.77% | -26.33% | +17.56% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -4.61% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -6.57% | -6.63% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.16% | — |
Current DrawdownCurrent decline from peak | -1.07% | -1.69% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -1.27% | -6.94% | +5.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 1.12% | -0.25% |
Volatility
VEMY vs. JPMB - Volatility Comparison
The current volatility for Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) is 1.13%, while JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) has a volatility of 1.27%. 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.
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Volatility by Period
| VEMY | JPMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.27% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.52% | 4.62% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.02% | 5.40% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.52% | 8.95% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.52% | 9.59% | -2.07% |
VEMY vs. JPMB - Expense Ratio Comparison
VEMY has a 0.58% expense ratio, which is higher than JPMB's 0.39% expense ratio.
Dividends
VEMY vs. JPMB - Dividend Comparison
VEMY's dividend yield for the trailing twelve months is around 8.12%, more than JPMB's 5.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 5.37% | 6.71% | 6.32% | 5.99% | 4.94% | 4.29% | 4.29% | 4.51% | 4.58% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 8.12% | 8.89% | 10.28% | 9.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VEMY and JPMB have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPMB has higher volatility (1.27%) compared to VEMY (1.13%). In terms of maximum drawdown, VEMY dropped -8.77% vs JPMB's -26.33%.
On 3-year performance, VEMY leads with 13.84% vs 6.85% for JPMB. On fees, JPMB is cheaper at 0.39% per year. On volatility, VEMY has been the lower-risk option at 1.13%. 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 13.84% return vs 6.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPMB is cheaper with a 0.39% expense ratio, compared with 0.58% for VEMY.
VEMY has the higher dividend yield at 8.12%, compared with 5.37% for JPMB.
They also come from different issuers: Virtus and JPMorgan. Their fees differ too: 0.58% for VEMY and 0.39% for JPMB.
VEMY currently has the higher Sharpe Ratio (2.15 vs 1.31), 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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