EMHC vs VOO
State Street SPDR Bloomberg Emerging Markets USD Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. EMHC offers more diversification with 542 holdings.
Side-by-Side Comparison
| Metric | EMHC | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.23% | 0.03% | |
| AUM | $292M | $997.4B | |
| Dividend Yield | 6.20% | 1.08% | |
| Holdings | 542 | 509 | |
| YTD Return | +1.03% | +14.27% | |
| 1Y Return | +5.74% | +21.79% | |
| 3Y Return (annualized) | +8.47% | +22.19% | |
| 5Y Return (annualized) | +1.12% | +13.28% | |
| Volatility (annualized) | 9.7% | 14.2% | |
| Max Drawdown | -28.0% | -34.3% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 6, 2021 | Sep 7, 2010 |
EMHC vs VOO Performance
State Street SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) is a ETF from State Street Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EMHC returned +5.74% while VOO returned +21.79%. Year to date, EMHC is up 1.03% versus a gain of 14.27% for VOO.
Over three years, EMHC compounded at +8.47% per year against +22.19% for VOO; over five years the annualized figures are +1.12% and +13.28% respectively. Across the full 5-year window we track, VOO has the edge at +13.59% annualized vs +1.65%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 9.7% for EMHC. 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 -28.0% for EMHC and -34.3% for VOO. 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EMHC charges 0.23% per year while VOO charges 0.03%. On a $10,000 position that is $23 vs $3 annually, a gap of $20 per year that compounds over a long holding period. On income, EMHC currently yields 6.20% against 1.08% for VOO.
Holdings Overlap
EMHC and VOO share 0 holdings out of 513 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, EMHC or VOO?
EMHC has an expense ratio of 0.23% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, EMHC or VOO?
Over the past year EMHC returned +5.74% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), EMHC annualized +1.65% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, EMHC or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 9.7% for EMHC. Worst drawdown: EMHC -28.0% vs VOO -34.3%.
Should I hold both EMHC and VOO?
EMHC and VOO have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EMHC and VOO?
EMHC and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, EMHC or VOO?
EMHC yields 6.20% while VOO yields 1.08%, so EMHC currently pays the higher dividend yield.
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