- ISIN
- US78470P3091
- CUSIP
- 78470P309
- Delisting Date
- Jul 21, 2026
- Issuer
- State Street
- Inception Date
- Apr 13, 2016
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $67M
Share Price Chart
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Performance
EMTL Performance Chart
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Returns By Period
SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) has returned 0.65% so far this year and 3.21% over the past 12 months. Over the last ten years, EMTL has returned 3.00% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
SPDR DoubleLine Emerging Markets Fixed Income ETF
- 1D
- 0.00%
- 1M
- -0.06%
- 6M
- 0.05%
- YTD
- 0.65%
- 1Y
- 3.21%
- 3Y*
- 6.49%
- 5Y*
- 1.51%
- 10Y*
- 3.00%
- ALL TIME*
- 3.41%
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%
EMTL Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.60% | -0.14% | -1.43% | 1.36% | 0.32% | -0.12% | 0.10% | 0.65% | |||||
| 2025 | 1.05% | 1.59% | 0.59% | -0.71% | 0.66% | 1.54% | 0.51% | 1.46% | 1.02% | -0.14% | 0.16% | 0.27% | 8.27% |
| 2024 | 0.52% | 0.31% | 0.64% | -0.85% | 1.68% | 0.71% | 1.59% | 1.75% | 0.90% | -1.15% | 0.49% | -0.81% | 5.86% |
| 2023 | 4.09% | -2.72% | 1.21% | 0.96% | -0.31% | 0.69% | 1.21% | -0.51% | -1.54% | -1.50% | 4.42% | 3.47% | 9.60% |
| 2022 | -3.13% | -2.60% | -0.44% | -5.00% | 0.37% | -4.26% | 2.76% | -1.43% | -7.11% | -1.09% | 7.03% | 0.33% | -14.31% |
| 2021 | -0.25% | -0.54% | -0.59% | 0.59% | 0.60% | 1.06% | 0.01% | 0.89% | -1.60% | -0.06% | -0.27% | 0.77% | 0.56% |
Benchmark Metrics
SPDR DoubleLine Emerging Markets Fixed Income ETF has an annualized alpha of 2.12%, beta of 0.10, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since April 14, 2016.
- This ETF participated in 33.64% of S&P 500 Index downside but only 24.11% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.10 may look defensive, but with R2 of 0.14 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 0.14 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.12%
- Beta
- 0.10
- R²
- 0.14
- Upside Capture
- 24.11%
- Downside Capture
- 33.64%
Expense Ratio
EMTL has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EMTL ranks 60 for risk / return — above 60% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) 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.
| EMTL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.00 | -0.25 |
| Martin ratioReturn relative to average drawdown | 6.17 | 8.49 | -2.33 |
Dividends
Dividend History
SPDR DoubleLine Emerging Markets Fixed Income ETF provided a 4.53% dividend yield over the last twelve months, with an annual payout of $1.93 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.93 | $2.20 | $2.25 | $2.01 | $1.68 | $2.65 | $1.68 | $2.03 | $1.60 | $2.10 | $4.33 |
Dividend yield | 4.53% | 5.09% | 5.34% | 4.78% | 4.19% | 5.43% | 3.28% | 3.96% | 3.35% | 4.16% | 8.87% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR DoubleLine Emerging Markets Fixed Income 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 | $0.16 | $0.17 | $0.17 | $0.17 | $0.18 | $0.18 | $1.03 | |||||
| 2025 | $0.00 | $0.19 | $0.18 | $0.19 | $0.19 | $0.19 | $0.18 | $0.19 | $0.18 | $0.18 | $0.18 | $0.35 | $2.20 |
| 2024 | $0.00 | $0.18 | $0.19 | $0.19 | $0.18 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.37 | $2.25 |
| 2023 | $0.00 | $0.16 | $0.16 | $0.16 | $0.17 | $0.17 | $0.12 | $0.17 | $0.18 | $0.18 | $0.18 | $0.36 | $2.01 |
| 2022 | $0.00 | $0.12 | $0.12 | $0.13 | $0.13 | $0.13 | $0.14 | $0.14 | $0.15 | $0.14 | $0.17 | $0.32 | $1.68 |
| 2021 | $0.00 | $0.12 | $0.12 | $0.12 | $0.13 | $0.11 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $1.45 | $2.65 |
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 DoubleLine Emerging Markets Fixed Income 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 DoubleLine Emerging Markets Fixed Income ETF was 22.91%, occurring on Oct 21, 2022. Recovery took 586 trading sessions.
The current SPDR DoubleLine Emerging Markets Fixed Income ETF drawdown is 0.17%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-22.91%Oct 2022 | 1y 1mo | 2y 4mo | 3y 5moSep 2021 - Feb 2025 | Bear market2022 |
-14.48%Mar 2020 | 29d | 8mo 22d | 9mo 21dFeb 2020 - Dec 2020 | COVID crash2020 |
-3.82%Jun 2018 | 9mo 5d | 7mo 21d | 1y 4moSep 2017 - Jan 2019 | — |
-2.15%Dec 2016 | 1mo 9d | 1mo 28d | 3mo 7dOct 2016 - Feb 2017 | — |
-2.15%Apr 2025 | 7d | 1mo 26d | 2mo 3dApr 2025 - Jun 2025 | 2025 selloff2025 |
Drawdown Indicators
| EMTL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.91% | -56.78% | +33.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -9.10% | +7.10% |
Max Drawdown (3Y)Largest decline over 3 years | -3.53% | -18.90% | +15.37% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -25.43% | +2.52% |
Max Drawdown (10Y)Largest decline over 10 years | -22.91% | -33.92% | +11.01% |
Current DrawdownCurrent decline from peak | -0.17% | -1.58% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -10.70% | +6.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.14% | -1.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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