- ISIN
- US78470P3091
- CUSIP
- 78470P309
- 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
- $80M
Share Price Chart
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Performance
EMTL Performance Chart
SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) is up 0.4% since the beginning of the year. EMTL is currently trading at $43 per share. Investors who bought $1,000 worth of EMTL shares 5 years ago would now be looking at an investment worth $1,079.
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Returns By Period
SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) has returned 0.44% so far this year and 4.33% over the past 12 months. Over the last ten years, EMTL has returned 3.27% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
SPDR DoubleLine Emerging Markets Fixed Income ETF
- 1D
- -0.28%
- 1M
- 0.36%
- YTD
- 0.44%
- 6M
- 0.69%
- 1Y
- 4.33%
- 3Y*
- 6.67%
- 5Y*
- 1.54%
- 10Y*
- 3.27%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
EMTL Monthly Returns History
Based on dividend-adjusted daily data since Apr 14, 2016, EMTL's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2022 with a return of +7.0%, while the worst month was Mar 2020 at -12.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, EMTL closed higher 51% of trading days. The best single day was Nov 10, 2022 with a return of +2.3%, while the worst single day was Mar 18, 2020 at -3.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.60% | -0.14% | -1.43% | 1.36% | 0.32% | -0.24% | 0.44% | ||||||
| 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 2.13%, 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 33.81% 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
- 2.13%
- Beta
- 0.10
- R²
- 0.14
- Upside Capture
- 24.11%
- Downside Capture
- 33.81%
Expense Ratio
EMTL has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EMTL ranks 58 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by 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 | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.32 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.46 | -0.29 |
| Martin ratioReturn relative to average drawdown | 7.69 | 10.92 | -3.23 |
Dividends
Dividend History
SPDR DoubleLine Emerging Markets Fixed Income ETF provided a 4.97% dividend yield over the last twelve months, with an annual payout of $2.12 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.12 | $2.20 | $2.25 | $2.01 | $1.68 | $2.65 | $1.68 | $2.03 | $1.60 | $2.10 | $4.33 |
Dividend yield | 4.97% | 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 | $0.85 | ||||||
| 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 0.39%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -22.91%Oct 2022 | 1y 1mo | 2y 4mo | 3y 5moSep 2021 - Feb 2025 |
COVID crash2020 | -14.48%Mar 2020 | 29d | 8mo 22d | 9mo 21dFeb 2020 - Dec 2020 |
2018 pullback2018 | -3.82%Jun 2018 | 9mo 5d | 7mo 21d | 1y 4moSep 2017 - Jan 2019 |
2016 pullback2016 | -2.15%Dec 2016 | 1mo 9d | 1mo 28d | 3mo 7dOct 2016 - Feb 2017 |
2025 selloff2025 | -2.15%Apr 2025 | 7d | 1mo 26d | 2mo 3dApr 2025 - Jun 2025 |
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 | -3.79% | -18.90% | +15.11% |
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 | -0.39% | -3.21% | +2.82% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -10.71% | +6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 2.04% | -1.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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