EMCB vs SPY
EMCB vs SPY
WisdomTree Emerging Markets Corporate Bond Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | EMCB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.61% | 0.09% | |
| AUM | $99M | $789.1B | |
| Dividend Yield | 5.36% | 1.01% | |
| Holdings | 200 | 505 | |
| YTD Return | +1.79% | +13.28% | |
| 1Y Return | +5.01% | +23.94% | |
| 3Y Return (annualized) | +7.52% | +21.07% | |
| 5Y Return (annualized) | +2.14% | +13.27% | |
| Volatility (annualized) | 7.4% | 15.3% | |
| Max Drawdown | -29.0% | -56.5% | |
| Fund Family | WisdomTree Investments | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Mar 8, 2012 | Jan 22, 1993 |
EMCB vs SPY Performance
WisdomTree Emerging Markets Corporate Bond Fund (EMCB) is a ETF from WisdomTree Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EMCB returned +5.01% while SPY returned +23.94%. Year to date, EMCB is up 1.79% versus a gain of 13.28% for SPY.
Over three years, EMCB compounded at +7.52% per year against +21.07% for SPY; over five years the annualized figures are +2.14% and +13.27% respectively. Across the full 14-year window we track, SPY has the edge at +8.84% annualized vs +0.92%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.4% for EMCB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -29.0% for EMCB and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EMCB charges 0.61% per year while SPY charges 0.09%. On a $10,000 position that is $61 vs $9 annually, a gap of $52 per year that compounds over a long holding period. On income, EMCB currently yields 5.36% against 1.01% for SPY.
Holdings Overlap
EMCB and SPY share 0 holdings out of 618 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EMCB or SPY?
EMCB has an expense ratio of 0.61% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, EMCB or SPY?
Over the past year EMCB returned +5.01% vs +23.94% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (14 years), EMCB annualized +0.92% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, EMCB or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.4% for EMCB. Worst drawdown: EMCB -29.0% vs SPY -56.5%.
Should I hold both EMCB and SPY?
EMCB and SPY have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EMCB and SPY?
EMCB and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 618 unique securities.
Which pays a higher dividend, EMCB or SPY?
EMCB yields 5.36% while SPY yields 1.01%, so EMCB currently pays the higher dividend yield.
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