SPDR Bloomberg Barclays Emerging Markets USD… (EMHC) Performance
EMHC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.3% since Dec 31, 2025
- 1 year
- +0.6% total return
- 5 years
- +1.2% a year
- Since first price
- +1.3% a year since 2021
EMHC trailing returns vs SPY, QQQ, AGG
| Period | EMHC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.6% | −1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.8% | −3.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.3% | −5.0% | +7.8% | +8.4% | −1.5% |
| YTD | −1.3% | −5.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +0.6% | −5.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +30.4%+9.3%/yr | +9.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +6.1%+1.2%/yr | −19.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionApr 7, 2021 | +7.3%+1.3%/yr | −20.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: EMHC vs SPY
From Apr 7, 2021: EMHC grew to $10,726, SPY to $20,114.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EMHC returns by calendar year
3 of 4 full years positive. Best 2025 (+14.1%), worst 2022 (−17.8%). 2026 is year to date.
EMHC annual returns table
| Year | EMHC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −1.3% | −5.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +14.1% | −5.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +3.5% | −3.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +10.1% | −8.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.8% | −25.4% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
EMHC largest drawdowns
Now 3.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 2, 2021 | −28.0% | Oct 20, 2022 | Sep 5, 2025 | 1.1 years | 4.0 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EMHC risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +8.0% | +0.8% | +0.9% |
| Volatility (annualized) | 7.5% | 10.1% | 9.8% |
| Sharpe ratio | 0.49 | -0.23 | -0.20 |
| Sortino ratio | 0.75 | -0.30 | -0.27 |
| Best month | +6.0% | +9.4% | +9.4% |
| Worst month | −3.7% | −6.5% | −6.5% |
| Best 12 months | +17.3% | +17.3% | +17.3% |
| Worst 12 months | +0.7% | −24.1% | −24.1% |
| Positive months | 72% | 62% | 63% |
| Beta vs S&P 500 | 0.41 | 0.50 | — |
| Correlation with S&P 500 | 0.69 | 0.77 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
EMHC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 55 | −24.1% | +7.0% | +17.3% | 75% |
| 3-year (a year) | 31 | −3.8% | +7.4% | +11.8% | 68% |
| 5-year (a year) | 7 | +0.8% | +1.2% | +1.7% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
EMHC performance overview
SPDR Bloomberg Barclays Emerging Markets USD… (EMHC) returned +0.6% over the past year and +1.2% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +1.3% a year, turning $10,000 into about $10,726. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −28.0%, from Sep 2, 2021 to Oct 20, 2022, and it took 2.9 years to get back to the old high. EMHC finished 3 of its 4 full calendar years with a gain; the best year was 2025 (+14.1%) and the worst 2022 (−17.8%). Volatility has been 9.8% a year.
Related: EMHC chart, EMHC dividends. See the EMHC overview for the latest quote and fund facts.
EMHC performance FAQ
What is the EMHC return over the past year?
EMHC returned +0.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.3%.
What is the average annual return of EMHC?
EMHC has returned +1.2% a year over 5 years, +1.3% a year since April 7, 2021 (total return, distributions reinvested).
How much would $10,000 invested in EMHC be worth?
$10,000 invested in EMHC at its first recorded close on April 7, 2021 would be worth about $10,726 on October 23, 2026 with distributions reinvested.
What was the worst year for EMHC?
The worst calendar year was 2022, with a total return of −17.8%. The best was 2025 at +14.1%.
What is the biggest drawdown of EMHC?
The largest peak-to-trough decline was −28.0% between September 2, 2021 and October 20, 2022. It recovered to the old high on September 5, 2025, 2.9 years after the bottom.
How volatile is EMHC?
Over the past 3 years EMHC had an annualized volatility of 7.5% and a Sharpe ratio of 0.49 (excess return over 1–3 month T-bills per unit of risk).