Data as of Oct 28, 2026.

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EMB vs VTIP: Differences, Returns & Fees

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EMB's duration was 6.5 years on Jul 31, 2026 and VTIP's 2.3 on Jun 30, 2026; VTIP charges 0.03% to EMB's 0.39%.

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Net assets: $13.2bn on Oct 28, 2026 for iShares J.P. Morgan USD Emerging Markets Bond ETF, and $20.9bn on Sep 30, 2026 for Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares.

At a glance
−0.4%
EMB total return, 1 year
+2.2%
VTIP total return, 1 year
0.39%
EMB expense ratio
0.03%
VTIP expense ratio

Pair scorecard

VTIP costs 0.36 points a year less; their one-year returns differ by 2.6 points; VTIP is 1.6 times larger.

EMB vs VTIP: Differences, Returns & Fees
MeasureEMBVTIP
Return
Total return, 1 year−0.4%+2.2%
Drawdown
Below its high3.5%, high on Jun 29, 2026
Benchmark
What it tracksJ.P. Morgan EMBI Global Core IndexBloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index
Cost and size
Expense ratio0.39%0.03%
Net assets, as of Sep 30, 2026$12.9bn$20.9bn
Holdings
Holdings in common0%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method

What they share

0%

By the books each fund has filed, EMB and VTIP hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EMB VTIP
Only in one fund ↓
Only in EMB
Argentina Republic Government International Bonds, due Jul 9, 2035 1.21%
Ecuador Government International Bonds, due Jul 31, 2035 0.78%
Argentina Republic Government International Bonds, due Jan 9, 2038 0.70%
Argentina Republic Government International Bonds, due Jul 9, 2030 0.65%
Argentina Republic Government International Bonds, due Jul 9, 2041 0.57%
Ghana Government International Bonds, due Jul 3, 2035 0.55%
Uruguay Government International Bonds, due Jun 18, 2050 0.51%
Eagle Funding Luxco Sarl, due Aug 17, 2030 0.50%
Only in VTIP
TSY INFL IX N/B, due Oct 15, 2030 5.39%
TSY INFL IX N/B, due Oct 15, 2029 5.33%
TSY INFL IX N/B, due Apr 15, 2030 5.30%
TSY INFL IX N/B, due Apr 15, 2029 5.14%
TSY INFL IX N/B, due Oct 15, 2028 4.97%
TSY INFL IX N/B, due Oct 15, 2026 4.83%
TSY INFL IX N/B, due Oct 15, 2027 4.83%
TSY INFL IX N/B, due Apr 15, 2027 4.74%
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Side by side

EMB iShares J.P. Morgan USD Emerging Markets Bond ETF VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares
Where it sits Bond ETF Bond ETF
What it is Tracks the J.P. Morgan USD Emerging Markets Bond Tracks an index of Short-Term Inflation-Protected Securities
Total return, 1 year −0.4% +2.2%
Expense ratio 0.39% 0.03%
Holdings 622 26
Net assets, EMB as of Oct 28, 2026 and VTIP as of Sep 30, 2026 $13.2bn $20.9bn

EMB and VTIP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
EMB

EMB tracks the J.P. Morgan USD Emerging Markets Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.39% a year. It sat 3.5% below its high of Jun 29, 2026 on Oct 28, 2026.

VTIP

VTIP tracks an index of Short-Term Inflation-Protected Securities. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, EMB or VTIP?
In the year to Oct 28, 2026, with distributions reinvested, EMB returned −0.4% and VTIP +2.2%.
Which is cheaper, EMB or VTIP?
VTIP is cheaper, by 0.36 percentage points a year. That is about $36 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, EMB against VTIP, data as of Oct 28, 2026. https://etfiq.com/compare/any/emb-vs-vtip

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