EMBD vs IVV
Global X Emerging Markets Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EMBD | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $249M | $865.2B | |
| Dividend Yield | 5.65% | 1.09% | |
| Holdings | 234 | 508 | |
| YTD Return | +1.45% | +13.80% | |
| 1Y Return | +6.14% | +23.01% | |
| 3Y Return (annualized) | +8.82% | +21.77% | |
| 5Y Return (annualized) | +2.82% | +13.39% | |
| Volatility (annualized) | 8.8% | 15.1% | |
| Max Drawdown | -25.0% | -56.5% | |
| Fund Family | Global X by mirae Asset | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 1, 2020 | May 15, 2000 |
EMBD vs IVV Performance
Global X Emerging Markets Bond ETF (EMBD) is a ETF from Global X by mirae Asset and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EMBD returned +6.14% while IVV returned +23.01%. Year to date, EMBD is up 1.45% versus a gain of 13.80% for IVV.
Over three years, EMBD compounded at +8.82% per year against +21.77% for IVV; over five years the annualized figures are +2.82% and +13.39% respectively. Across the full 6-year window we track, IVV has the edge at +7.04% annualized vs +3.28%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.8% for EMBD. 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 -25.0% for EMBD and -56.5% for IVV. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EMBD charges 0.39% per year while IVV charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, EMBD currently yields 5.65% against 1.09% for IVV.
Holdings Overlap
EMBD and IVV share 0 holdings out of 582 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, EMBD or IVV?
EMBD has an expense ratio of 0.39% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, EMBD or IVV?
Over the past year EMBD returned +6.14% vs +23.01% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), EMBD annualized +3.28% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, EMBD or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 8.8% for EMBD. Worst drawdown: EMBD -25.0% vs IVV -56.5%.
Should I hold both EMBD and IVV?
EMBD and IVV have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EMBD and IVV?
EMBD and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 582 unique securities.
Which pays a higher dividend, EMBD or IVV?
EMBD yields 5.65% while IVV yields 1.09%, so EMBD currently pays the higher dividend yield.
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