VTIP vs. EMB
Compare and contrast key facts about Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB).
VTIP and EMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012. EMB is a passively managed fund by iShares that tracks the performance of the JPMorgan EMBI Global Core Index. It was launched on Dec 17, 2007. Both VTIP and EMB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTIP or EMB.
Performance
VTIP vs. EMB - Performance Comparison
Returns By Period
In the year-to-date period, VTIP achieves a 4.61% return, which is significantly lower than EMB's 6.50% return. Both investments have delivered pretty close results over the past 10 years, with VTIP having a 2.41% annualized return and EMB not far ahead at 2.47%.
VTIP
4.61%
-0.08%
3.01%
6.59%
3.53%
2.41%
EMB
6.50%
-1.10%
4.22%
12.83%
0.37%
2.47%
Key characteristics
| VTIP | EMB | |
|---|---|---|
| Sharpe Ratio | 3.15 | 1.80 |
| Sortino Ratio | 5.58 | 2.61 |
| Omega Ratio | 1.73 | 1.32 |
| Calmar Ratio | 4.96 | 0.78 |
| Martin Ratio | 24.40 | 9.51 |
| Ulcer Index | 0.27% | 1.42% |
| Daily Std Dev | 2.13% | 7.52% |
| Max Drawdown | -6.27% | -34.70% |
| Current Drawdown | -0.41% | -6.71% |
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VTIP vs. EMB - Expense Ratio Comparison
VTIP has a 0.04% expense ratio, which is lower than EMB's 0.39% expense ratio.
Correlation
The correlation between VTIP and EMB is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
VTIP vs. EMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). 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
VTIP vs. EMB - Dividend Comparison
VTIP's dividend yield for the trailing twelve months is around 3.38%, less than EMB's 4.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.38% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 4.93% | 4.74% | 5.04% | 3.90% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% | 4.56% | 4.75% |
Drawdowns
VTIP vs. EMB - Drawdown Comparison
The maximum VTIP drawdown since its inception was -6.27%, smaller than the maximum EMB drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for VTIP and EMB. For additional features, visit the drawdowns tool.
Volatility
VTIP vs. EMB - Volatility Comparison
The current volatility for Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) is 0.48%, while iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a volatility of 1.94%. This indicates that VTIP experiences smaller price fluctuations and is considered to be less risky than EMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.