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SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) Sharpe Ratio: 0.69

ETF · Currency in USD · Last updated Jun 24, 2026

EBND is a passive ETF by State Street tracking the investment results of the Bloomberg Emerging Market Local Currency Government Diversified. EBND launched on Feb 23, 2011 and has a 0.30% expense ratio.

EBND's Sharpe Ratio of 0.69 indicates that for each unit of volatility, it generates 0.69 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

EBND Sharpe Ratio Rank

EBND Sharpe Ratio Rank: 20.821
Below Average

EBND ranks above 20.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

EBND Sharpe Ratio Market Positioning

The chart shows EBND's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.83 or lower
  • Yellow zone (middle 50%): 0.83 to 2.15
  • Green zone (top 25%): 2.15 or higher
  • Top 1%: 7.01+
  • Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares SPDR Bloomberg Barclays Emerging Markets Local Bond ETF's Sharpe Ratio with other ETFs in the Emerging Markets Bonds category across multiple time periods, showing how EBND's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
VEMYVirtus Stone Harbor Emerging Markets High Yield Bond ETF2.94
KHYBKraneShares Asia Pacific High Income Bond ETF2.77
GAEMSimplify Gamma Emerging Market Bond ETF2.69
CBONVanEck Vectors ChinaAMC China Bond ETF2.47
XEMDBondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF2.39
EMBXVanEck Emerging Markets Bond ETF2.21
EMHYiShares J.P. Morgan EM High Yield Bond ETF2.20
BEMBIshares J.P. Morgan Broad USD Emerging Markets Bond ETF2.06
EMHCSPDR Bloomberg Emerging Markets USD Bond ETF1.99
JPMBJPMorgan USD Emerging Markets Sovereign Bond ETF1.96
EBNDSPDR Bloomberg Barclays Emerging Markets Local Bond ETF0.69

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows EBND's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when EBND consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does EBND fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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