VEMY vs. NEMD

Last updated Jun 5, 2026

VEMY (Virtus Stone Harbor Emerging Markets High Yield Bond ETF) and NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) are both Emerging Markets Bonds funds. Both are actively managed. Their correlation of 0.87 suggests significant overlap in exposure. VEMY charges 0.58%/yr vs 0.60%/yr for NEMD.

Performance

VEMY vs. NEMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) and Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEMY achieves a 5.93% return, which is significantly higher than NEMD's 4.12% return.

VEMY

• 1D: 0.03%
• 1M: 1.22%
• YTD: 5.93%
• 6M: 6.67%
• 1Y: 18.43%
• 3Y*: 15.52%
• 5Y*: —
• 10Y*: —

NEMD

• 1D: 0.35%
• 1M: 1.38%
• YTD: 4.12%
• 6M: 4.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VEMY vs. NEMD - Yearly Performance Comparison

	2026 (YTD)	2025
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF	5.93%	5.30%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	4.12%	7.07%

Correlation

The correlation between VEMY and NEMD is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 12, 2025	0.87

Return for Risk

VEMY vs. NEMD — Risk / Return Rank

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

VEMY

VEMY Risk / Return Rank: 90
VEMY Sharpe Ratio Rank: 90
VEMY Sortino Ratio Rank: 93
VEMY Omega Ratio Rank: 93
VEMY Calmar Ratio Rank: 85
VEMY Martin Ratio Rank: 91

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.

VEMY vs. NEMD - 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 Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD). 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	NEMD	Difference
Sharpe ratio: Return per unit of total volatility	3.06	—	—
Sortino ratio: Return per unit of downside risk	4.70	—	—
Omega ratio: Gain probability vs. loss probability	1.63	—	—
Calmar ratio: Return relative to maximum drawdown	4.62	—	—
Martin ratio: Return relative to average drawdown	21.97	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VEMY	NEMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.83	2.20	-0.38

Drawdowns

VEMY vs. NEMD - Drawdown Comparison

The maximum VEMY drawdown since its inception was -8.77%, which is greater than NEMD's maximum drawdown of -4.43%. Use the drawdown chart below to compare losses from any high point for VEMY and NEMD.

Drawdown Indicators

	VEMY	NEMD	Difference
Max Drawdown Largest peak-to-trough decline	-8.77%	-4.43%	-4.34%
Max Drawdown (1Y) Largest decline over 1 year	-4.00%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.57%	—	—
Current Drawdown Current decline from peak	-0.14%	-0.04%	-0.10%
Average Drawdown Average peak-to-trough decline	-1.30%	-0.57%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	—	—

Volatility

Volatility by Period

	VEMY	NEMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.05%	6.51%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.63%	6.51%	+1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.63%	6.51%	+1.12%

VEMY vs. NEMD - Expense Ratio Comparison

VEMY has a 0.58% expense ratio, which is lower than NEMD's 0.60% expense ratio.

Dividends

VEMY vs. NEMD - Dividend Comparison

VEMY's dividend yield for the trailing twelve months is around 8.37%, more than NEMD's 4.71% yield.

Position	TTM	2025	2024	2023
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	4.71%	2.39%	0.00%	0.00%
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF	8.37%	8.89%	10.28%	9.55%

Frequently Asked Questions

Can I hold both VEMY and NEMD in my portfolio?

VEMY and NEMD have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VEMY or NEMD?

On fees, VEMY is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VEMY or NEMD?

VEMY is cheaper with a 0.58% expense ratio, compared with 0.60% for NEMD.

Which ETF pays a higher dividend yield, VEMY or NEMD?

VEMY has the higher dividend yield at 8.37%, compared with 4.71% for NEMD.

What is the main difference between VEMY and NEMD?

They also come from different issuers: Virtus and Neuberger Berman. Their fees differ too: 0.58% for VEMY and 0.60% for NEMD.