EMD vs JEMB
Western Asset Emerging Markets Debt Fund Inc vs Janus Henderson Emerging Markets Debt Hard Currency ETF
Which is better, EMD or JEMB?
Each has led over a different period.
JEMB has a lower expense ratio. EMD led over the full window, JEMB over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EMD | JEMB |
|---|---|---|
| Expense Ratio | 3.09% | 0.52%Best |
| AUM | $607M | $475M |
| Dividend Yield | 9.82% | 7.12% |
| Holdings | 267 | 343 |
| YTD Return | -7.89% | -0.03%Best |
| 1Y Return | -0.57% | +2.78%Best |
| 3Y Return (annualized) | +17.03% | - |
| 5Y Return (annualized) | +2.60% | - |
| Volatility (annualized) | 16.1% | 6.1%Best |
| Max Drawdown | -15.6% | -5.4%Best |
| $10,000 over 2.2 years | $11,799Best | $11,641 |
| Fund Family | Franklin Templeton Investments (US) | Janus Henderson Investors |
| Category | Fixed Income | Fixed Income |
| Style | Emerging Markets Bond | Emerging Markets Bond |
| Inception | Dec 1, 2003 | Aug 13, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Aug 14, 2024 to Oct 14, 2026 (2.2 years).
EMD vs JEMB growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
EMD vs JEMB Performance
Western Asset Emerging Markets Debt Fund Inc (EMD) is an ETF from Franklin Templeton Investments (US) and Janus Henderson Emerging Markets Debt Hard Currency ETF (JEMB) is an ETF from Janus Henderson Investors. Over the past year EMD returned -0.57% while JEMB returned +2.78%. Year to date, EMD is down 7.89% versus a loss of 0.03% for JEMB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EMD has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 6.1% for JEMB. 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 -15.6% for EMD and -5.4% for JEMB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EMD charges 3.09% per year while JEMB charges 0.52%. On a $10,000 position that is $309 vs $52 annually, a gap of $257 per year that compounds over a long holding period. On income, EMD currently yields 9.82% against 7.12% for JEMB.
Holdings Overlap
We hold position weights for 4 holdings in EMD and 89 in JEMB, totalling 1.6% and 25.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 4 positions we hold weights for in EMD and 89 in JEMB, against full books of 267 and 343.
You are not choosing between two funds in isolation.
Whichever of EMD and JEMB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EMD or JEMB?
EMD has an expense ratio of 3.09% while JEMB charges 0.52%. JEMB is the cheaper option, by $257 a year on a $10,000 investment.
Which performed better, EMD or JEMB?
Over the past year EMD returned -0.57% vs +2.78% for JEMB, so JEMB leads on 1-year performance. Over the longest common window we track (2 years), EMD annualized +7.81% vs +7.15% for JEMB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EMD or JEMB?
EMD has been the more volatile fund at 16.1% annualized versus 6.1% for JEMB. Worst drawdown: EMD -15.6% vs JEMB -5.4%.
Should I hold both EMD and JEMB?
EMD and JEMB have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EMD or JEMB?
EMD yields 9.82% while JEMB yields 7.12%, so EMD currently pays the higher dividend yield.
Is JEMB better than EMD?
JEMB has a lower expense ratio. EMD led over the full window, JEMB over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.