WGMI vs. EMBUX

Last updated Apr 2, 2026

Compare and contrast key facts about Valkyrie Bitcoin Miners ETF (WGMI) and VanEck Emerging Markets Bond Fund (EMBUX).

WGMI is an actively managed fund by Valkyrie. It was launched on Feb 7, 2022. EMBUX is managed by VanEck. It was launched on Jul 8, 2012.

Performance

WGMI vs. EMBUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Valkyrie Bitcoin Miners ETF (WGMI) and VanEck Emerging Markets Bond Fund (EMBUX). The values are adjusted to include any dividend payments, if applicable.

WGMI vs. EMBUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WGMI Valkyrie Bitcoin Miners ETF	-8.91%	72.47%	23.54%	304.08%	-83.48%
EMBUX VanEck Emerging Markets Bond Fund	0.00%	15.82%	3.09%	9.34%	-5.82%

Returns By Period

WGMI

• 1D: 0.11%
• 1M: -13.78%
• YTD: -8.91%
• 6M: -22.65%
• 1Y: 155.01%
• 3Y*: 55.57%
• 5Y*: —
• 10Y*: —

EMBUX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WGMI vs. EMBUX - Expense Ratio Comparison

WGMI has a 0.75% expense ratio, which is lower than EMBUX's 0.95% expense ratio.

EMBUX

VanEck Emerging Markets Bond Fund

WGMI

Valkyrie Bitcoin Miners ETF

Return for Risk

WGMI vs. EMBUX — Risk / Return Rank

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

WGMI

WGMI Risk / Return Rank: 83
WGMI Sharpe Ratio Rank: 89
WGMI Sortino Ratio Rank: 88
WGMI Omega Ratio Rank: 75
WGMI Calmar Ratio Rank: 92
WGMI Martin Ratio Rank: 69

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.

WGMI vs. EMBUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin Miners ETF (WGMI) and VanEck Emerging Markets Bond Fund (EMBUX). 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.

	WGMI	EMBUX	Difference
Sharpe ratio Return per unit of total volatility	2.00	—	—
Sortino ratio Return per unit of downside risk	2.48	—	—
Omega ratio Gain probability vs. loss probability	1.29	—	—
Calmar ratio Return relative to maximum drawdown	3.40	—	—
Martin ratio Return relative to average drawdown	7.40	—	—
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

	WGMI	EMBUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	—	—

Correlation

The correlation between WGMI and EMBUX is 0.25, 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.

Dividends

WGMI vs. EMBUX - Dividend Comparison

WGMI has not paid dividends to shareholders, while EMBUX's dividend yield for the trailing twelve months is around 3.58%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WGMI Valkyrie Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EMBUX VanEck Emerging Markets Bond Fund	3.58%	5.54%	8.20%	5.49%	8.21%	5.50%	6.56%	7.89%	7.25%	7.66%	3.94%	6.84%

Drawdowns

Drawdown Indicators

	WGMI	EMBUX	Difference
Max Drawdown Largest peak-to-trough decline	-85.76%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-50.94%	—	—
Current Drawdown Current decline from peak	-47.10%	—	—
Average Drawdown Average peak-to-trough decline	-43.87%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	23.36%	—	—

Volatility

Volatility by Period

	WGMI	EMBUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	60.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	78.21%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.07%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.07%	—	—