- ISIN
- US78468R5155
- Issuer
- State Street
- Inception Date
- Apr 6, 2021
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg Emerging USD Bond Core Index - Benchmark TR Net
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $283M
Highlights
- Avg. Volume (1M)
- 42K
- Avg. Volume Value (1M)
- $1.05M
Share Price Chart
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Performance
EMHC Performance Chart
SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) is up 0.6% since the beginning of the year. EMHC is currently trading at $25 per share. Investors who bought $1,000 worth of EMHC shares 5 years ago would now be looking at an investment worth $1,059.
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Compare this symbol against anything
Returns By Period
SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) has returned 0.55% so far this year and 6.90% over the past 12 months.
SPDR Bloomberg Emerging Markets USD Bond ETF
- 1D
- -0.08%
- 1M
- -1.67%
- 6M
- 0.23%
- YTD
- 0.55%
- 1Y
- 6.90%
- 3Y*
- 7.66%
- 5Y*
- 1.15%
- 10Y*
- —
- ALL TIME*
- 1.66%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
EMHC Monthly Returns History
Based on dividend-adjusted daily data since Apr 7, 2021, EMHC's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2022 with a return of +9.4%, while the worst month was Feb 2022 at -6.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, EMHC closed higher 51% of trading days. The best single day was Nov 10, 2022 with a return of +4.2%, while the worst single day was Jun 13, 2022 at -2.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.31% | 1.49% | -3.43% | 2.51% | 0.91% | 0.59% | -1.71% | 0.55% | |||||
| 2025 | 1.30% | 2.44% | -1.14% | 0.07% | 0.82% | 2.59% | 0.78% | 1.65% | 1.41% | 2.55% | 0.40% | 0.45% | 14.07% |
| 2024 | -1.43% | 0.34% | 1.17% | -2.51% | 2.61% | -0.01% | 2.58% | 2.22% | 1.98% | -2.95% | 1.88% | -2.17% | 3.52% |
| 2023 | 3.42% | -2.31% | 1.92% | 0.47% | -1.31% | 1.88% | 1.40% | -1.73% | -3.13% | -1.43% | 5.95% | 4.98% | 10.06% |
| 2022 | -3.54% | -6.55% | -0.90% | -6.50% | 0.82% | -5.53% | 3.93% | -2.32% | -6.28% | 0.15% | 9.44% | -0.86% | -17.75% |
| 2021 | 0.65% | 1.00% | 0.94% | 0.46% | 0.84% | -2.51% | 0.10% | -1.76% | 1.91% | 1.56% |
Benchmark Metrics
SPDR Bloomberg Emerging Markets USD Bond ETF has an annualized alpha of -1.78%, beta of 0.30, and R2 of 0.32 versus S&P 500 Index. Calculated based on daily prices since April 07, 2021.
- This ETF participated in 67.51% of S&P 500 Index downside but only 37.38% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.30 may look defensive, but with R2 of 0.32 this ETF 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 ETF's risk.
- R2 of 0.32 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.78%
- Beta
- 0.30
- R²
- 0.32
- Upside Capture
- 37.38%
- Downside Capture
- 67.51%
Expense Ratio
EMHC has an expense ratio of 0.23%, which is considered low.
Return for Risk
Risk / Return Rank
EMHC ranks 53 for risk / return — above 53% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMHC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.00 | -0.35 |
| Martin ratioReturn relative to average drawdown | 6.59 | 8.49 | -1.90 |
Dividends
Dividend History
SPDR Bloomberg Emerging Markets USD Bond ETF provided a 5.71% dividend yield over the last twelve months, with an annual payout of $1.42 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.42 | $1.57 | $1.42 | $1.25 | $1.19 | $0.88 |
Dividend yield | 5.71% | 6.16% | 5.95% | 5.12% | 5.11% | 2.97% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR Bloomberg Emerging Markets USD Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.71 | |||||
| 2025 | $0.00 | $0.11 | $0.12 | $0.14 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.34 | $1.57 |
| 2024 | $0.00 | $0.09 | $0.11 | $0.12 | $0.12 | $0.11 | $0.12 | $0.12 | $0.12 | $0.13 | $0.12 | $0.26 | $1.42 |
| 2023 | $0.00 | $0.09 | $0.10 | $0.07 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.22 | $1.25 |
| 2022 | $0.00 | $0.10 | $0.10 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.21 | $1.19 |
| 2021 | $0.07 | $0.09 | $0.10 | $0.10 | $0.10 | $0.11 | $0.11 | $0.21 | $0.88 |
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 SPDR Bloomberg Emerging Markets USD Bond ETF. 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 SPDR Bloomberg Emerging Markets USD Bond ETF was 28.03%, occurring on Oct 20, 2022. Recovery took 720 trading sessions.
The current SPDR Bloomberg Emerging Markets USD Bond ETF drawdown is 1.90%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-28.03%Oct 2022 | 1y 1mo | 2y 10mo | 4y 3dSep 2021 - Sep 2025 | Bear market2022 |
-4.37%Mar 2026 | 29d | 2mo 7d | 3mo 6dFeb 2026 - Jun 2026 | — |
-1.94%Jul 2026 | 1mo 1d | — | 1mo 11dJun 2026 - now | — |
-1.24%May 2021 | 2d | 13d | 15dMay 2021 - May 2021 | — |
-1.23%Apr 2021 | 11d | 10d | 21dApr 2021 - May 2021 | — |
Drawdown Indicators
| EMHC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.03% | -56.78% | +28.75% |
Max Drawdown (1Y)Largest decline over 1 year | -4.37% | -9.10% | +4.73% |
Max Drawdown (3Y)Largest decline over 3 years | -6.74% | -18.90% | +12.16% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | -25.43% | -2.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.90% | -1.58% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -9.63% | -10.70% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 2.14% | -1.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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