Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in EMERGING MARKETS BONDS, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is Jan 4, 2016, corresponding to the inception date of EADOX
Returns By Period
As of Apr 3, 2026, the EMERGING MARKETS BONDS returned 0.01% Year-To-Date and 4.49% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.43% | -3.84% | -1.98% | 16.08% | 16.86% | 10.37% | 12.29% |
Portfolio EMERGING MARKETS BONDS | 0.06% | -1.42% | 0.01% | 2.25% | 8.85% | 9.33% | 3.37% | 4.49% |
| Portfolio components: | ||||||||
DBLLX DoubleLine Low Duration Emerging Markets Fixed Income Fund | 0.00% | -0.92% | -0.19% | 0.88% | 4.99% | 6.88% | 3.25% | 3.60% |
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | -0.10% | -1.50% | 0.26% | 1.62% | 6.98% | 8.91% | 2.62% | 4.66% |
VWOB Vanguard Emerging Markets Government Bond ETF | 0.18% | -2.07% | -1.09% | 1.20% | 8.85% | 8.12% | 2.14% | 3.52% |
IMCDX Voya Emerging Markets Corporate Debt Fund | — | — | — | — | — | — | — | — |
FEMDX Franklin Emerging Market Debt Opportunities Fund | 0.71% | -1.01% | 1.44% | 5.78% | 14.96% | 14.04% | 7.33% | 6.79% |
PCY Invesco Emerging Markets Sovereign Debt ETF | 0.24% | -2.56% | -1.33% | 0.16% | 10.57% | 9.94% | 1.26% | 2.58% |
EADOX Eaton Vance Emerging Markets Debt Opportunities Fund Class A | 0.48% | -1.13% | 1.96% | 7.10% | 15.38% | 14.13% | 7.81% | 7.63% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 0.12% | -2.20% | -1.09% | 1.28% | 9.38% | 8.40% | 1.88% | 3.24% |
Monthly Returns
Based on dividend-adjusted daily data since Jan 5, 2016, EMERGING MARKETS BONDS's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, your investment would double in approximately 13.8 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2022 with a return of +8.1%, while the worst month was Mar 2020 at -13.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, EMERGING MARKETS BONDS closed higher 58% of trading days. The best single day was Mar 25, 2020 with a return of +2.5%, while the worst single day was Mar 18, 2020 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.06% | 1.20% | -2.58% | 0.38% | 0.01% | ||||||||
| 2025 | 1.60% | 1.51% | -0.76% | -0.64% | 1.33% | 1.99% | 0.86% | 1.46% | 1.27% | 1.35% | 0.45% | 0.65% | 11.59% |
| 2024 | 0.11% | 1.02% | 1.84% | -1.43% | 2.05% | 0.09% | 1.97% | 1.80% | 1.73% | -1.37% | 1.21% | -1.04% | 8.17% |
| 2023 | 3.67% | -2.03% | 0.88% | 0.33% | -0.84% | 2.64% | 1.71% | -1.33% | -1.65% | -1.09% | 4.94% | 3.84% | 11.31% |
| 2022 | -2.47% | -5.35% | -1.53% | -4.32% | 0.79% | -5.30% | 1.84% | -0.37% | -5.11% | -0.42% | 8.14% | 0.47% | -13.53% |
| 2021 | -0.61% | -1.17% | -1.00% | 1.69% | 0.94% | 0.52% | 0.06% | 1.00% | -1.66% | -0.25% | -1.76% | 1.47% | -0.84% |
Benchmark Metrics
EMERGING MARKETS BONDS has an annualized alpha of 2.32%, beta of 0.20, and R² of 0.34 versus S&P 500 Index. Calculated based on daily prices since January 05, 2016.
- This portfolio participated in 39.33% of S&P 500 Index downside but only 32.41% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.20 may look defensive, but with R² of 0.34 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.34 means the benchmark explains less than half of this portfolio's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.32%
- Beta
- 0.20
- R²
- 0.34
- Upside Capture
- 32.41%
- Downside Capture
- 39.33%
Expense Ratio
EMERGING MARKETS BONDS has an expense ratio of 0.54%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
EMERGING MARKETS BONDS ranks 86 for risk / return — in the top 86% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.17 | 0.88 | +1.29 |
Sortino ratioReturn per unit of downside risk | 2.92 | 1.37 | +1.55 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.21 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.39 | +1.37 |
Martin ratioReturn relative to average drawdown | 10.64 | 6.43 | +4.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
DBLLX DoubleLine Low Duration Emerging Markets Fixed Income Fund | 98 | 3.46 | 4.76 | 2.15 | 3.79 | 18.69 |
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 57 | 1.06 | 1.50 | 1.24 | 1.53 | 7.48 |
VWOB Vanguard Emerging Markets Government Bond ETF | 70 | 1.36 | 1.88 | 1.29 | 1.97 | 7.94 |
IMCDX Voya Emerging Markets Corporate Debt Fund | — | — | — | — | — | — |
FEMDX Franklin Emerging Market Debt Opportunities Fund | 96 | 3.05 | 4.05 | 1.69 | 3.45 | 14.93 |
PCY Invesco Emerging Markets Sovereign Debt ETF | 54 | 1.04 | 1.48 | 1.22 | 1.66 | 6.00 |
EADOX Eaton Vance Emerging Markets Debt Opportunities Fund Class A | 98 | 4.29 | 6.03 | 2.11 | 4.26 | 16.77 |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 71 | 1.35 | 1.91 | 1.28 | 2.07 | 8.24 |
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Dividends
Dividend yield
EMERGING MARKETS BONDS provided a 5.76% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 5.76% | 5.72% | 5.78% | 5.35% | 6.00% | 4.24% | 4.09% | 5.60% | 5.61% | 4.94% | 4.27% | 4.72% |
| Portfolio components: | ||||||||||||
DBLLX DoubleLine Low Duration Emerging Markets Fixed Income Fund | 5.02% | 5.27% | 4.70% | 3.74% | 2.41% | 2.15% | 2.61% | 4.93% | 2.87% | 3.00% | 3.19% | 3.77% |
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 6.78% | 6.67% | 6.34% | 6.27% | 6.47% | 5.33% | 5.56% | 6.14% | 5.71% | 5.86% | 6.25% | 7.64% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.95% | 5.92% | 6.08% | 5.50% | 5.30% | 4.04% | 4.18% | 4.58% | 4.52% | 4.61% | 4.71% | 4.93% |
IMCDX Voya Emerging Markets Corporate Debt Fund | 0.00% | 0.00% | 4.08% | 4.21% | 3.80% | 6.14% | 4.64% | 4.99% | 5.30% | 4.79% | 5.22% | 5.11% |
FEMDX Franklin Emerging Market Debt Opportunities Fund | 6.39% | 6.49% | 4.65% | 3.12% | 9.31% | 0.00% | 0.00% | 7.29% | 8.06% | 4.29% | 0.69% | 6.04% |
PCY Invesco Emerging Markets Sovereign Debt ETF | 6.03% | 5.93% | 6.65% | 6.48% | 6.81% | 4.80% | 4.45% | 4.78% | 4.93% | 4.80% | 5.19% | 5.46% |
EADOX Eaton Vance Emerging Markets Debt Opportunities Fund Class A | 10.79% | 10.51% | 8.27% | 8.73% | 8.87% | 7.56% | 7.42% | 7.57% | 7.83% | 7.61% | 4.04% | 0.00% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.15% | 4.98% | 5.46% | 4.74% | 5.04% | 3.89% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the EMERGING MARKETS BONDS. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the EMERGING MARKETS BONDS was 23.40%, occurring on Oct 20, 2022. Recovery took 455 trading sessions.
The current EMERGING MARKETS BONDS drawdown is 2.24%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.4% | Sep 3, 2021 | 286 | Oct 20, 2022 | 455 | Aug 14, 2024 | 741 |
| -21.37% | Feb 24, 2020 | 19 | Mar 19, 2020 | 167 | Nov 13, 2020 | 186 |
| -5.4% | Jan 8, 2018 | 225 | Nov 27, 2018 | 46 | Feb 5, 2019 | 271 |
| -4.65% | Sep 8, 2016 | 48 | Nov 14, 2016 | 68 | Feb 23, 2017 | 116 |
| -3.8% | Mar 3, 2025 | 27 | Apr 8, 2025 | 38 | Jun 3, 2025 | 65 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 8 assets, with an effective number of assets of 8.00, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.
Asset Correlations Table
| Benchmark | DBLLX | EADOX | IMCDX | HYEM | FEMDX | VWOB | PCY | EMB | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.17 | 0.36 | 0.20 | 0.42 | 0.39 | 0.47 | 0.47 | 0.49 | 0.51 |
| DBLLX | 0.17 | 1.00 | 0.30 | 0.52 | 0.31 | 0.44 | 0.45 | 0.44 | 0.44 | 0.52 |
| EADOX | 0.36 | 0.30 | 1.00 | 0.43 | 0.32 | 0.65 | 0.33 | 0.35 | 0.34 | 0.52 |
| IMCDX | 0.20 | 0.52 | 0.43 | 1.00 | 0.36 | 0.54 | 0.46 | 0.47 | 0.47 | 0.60 |
| HYEM | 0.42 | 0.31 | 0.32 | 0.36 | 1.00 | 0.44 | 0.56 | 0.57 | 0.58 | 0.71 |
| FEMDX | 0.39 | 0.44 | 0.65 | 0.54 | 0.44 | 1.00 | 0.55 | 0.57 | 0.57 | 0.72 |
| VWOB | 0.47 | 0.45 | 0.33 | 0.46 | 0.56 | 0.55 | 1.00 | 0.90 | 0.94 | 0.91 |
| PCY | 0.47 | 0.44 | 0.35 | 0.47 | 0.57 | 0.57 | 0.90 | 1.00 | 0.94 | 0.92 |
| EMB | 0.49 | 0.44 | 0.34 | 0.47 | 0.58 | 0.57 | 0.94 | 0.94 | 1.00 | 0.92 |
| Portfolio | 0.51 | 0.52 | 0.52 | 0.60 | 0.71 | 0.72 | 0.91 | 0.92 | 0.92 | 1.00 |