BEMB vs. EMTL
BEMB (Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF) and EMTL (SPDR DoubleLine Emerging Markets Fixed Income ETF) are both Emerging Markets Bonds funds. Both are actively managed. Over the past 3 years, BEMB returned 8.80%/yr vs 7.09%/yr for EMTL. Their correlation of 0.81 suggests significant overlap in exposure. BEMB charges 0.18%/yr vs 0.65%/yr for EMTL.
Performance
BEMB vs. EMTL - Performance Comparison
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Returns By Period
In the year-to-date period, BEMB achieves a 1.27% return, which is significantly higher than EMTL's 0.74% return.
BEMB
- 1D
- -0.34%
- 1M
- 0.94%
- YTD
- 1.27%
- 6M
- 1.64%
- 1Y
- 9.77%
- 3Y*
- 8.80%
- 5Y*
- —
- 10Y*
- —
EMTL
- 1D
- -0.09%
- 1M
- 0.49%
- YTD
- 0.74%
- 6M
- 0.89%
- 1Y
- 5.61%
- 3Y*
- 7.09%
- 5Y*
- 1.79%
- 10Y*
- 3.38%
BEMB vs. EMTL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 1.27% | 12.27% | 5.51% | 8.88% |
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | 0.74% | 8.27% | 5.86% | 8.14% |
Correlation
The correlation between BEMB and EMTL is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2023 | 0.81 |
The correlation between BEMB and EMTL has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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Return for Risk
BEMB vs. EMTL — Risk / Return Rank
BEMB
EMTL
BEMB vs. EMTL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) and SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BEMB | EMTL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.51 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.82 | -0.14 |
| Martin ratioReturn relative to average drawdown | 11.53 | 10.06 | +1.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BEMB | EMTL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.54 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.37 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.45 | 0.74 | +0.72 |
Drawdowns
BEMB vs. EMTL - Drawdown Comparison
The maximum BEMB drawdown since its inception was -6.17%, smaller than the maximum EMTL drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for BEMB and EMTL.
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Drawdown Indicators
| BEMB | EMTL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.17% | -22.91% | +16.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -2.00% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | -3.79% | -2.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.91% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.09% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -0.94% | -3.83% | +2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.56% | +0.29% |
Volatility
BEMB vs. EMTL - Volatility Comparison
Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) has a higher volatility of 1.49% compared to SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) at 0.67%. This indicates that BEMB's price experiences larger fluctuations and is considered to be riskier than EMTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BEMB | EMTL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 0.67% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 3.46% | 1.65% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 2.22% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 4.88% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.88% | 4.67% | +1.21% |
BEMB vs. EMTL - Expense Ratio Comparison
BEMB has a 0.18% expense ratio, which is lower than EMTL's 0.65% expense ratio.
Dividends
BEMB vs. EMTL - Dividend Comparison
BEMB's dividend yield for the trailing twelve months is around 6.88%, more than EMTL's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 6.88% | 6.88% | 6.31% | 5.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | 4.95% | 5.09% | 5.34% | 4.78% | 4.19% | 5.43% | 3.28% | 3.96% | 3.35% | 4.16% | 8.87% |
Frequently Asked Questions
BEMB and EMTL have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEMB has higher volatility (1.49%) compared to EMTL (0.67%). In terms of maximum drawdown, BEMB dropped -6.17% vs EMTL's -22.91%.
On 3-year performance, BEMB leads with 8.80% vs 7.09% for EMTL. On fees, BEMB is cheaper at 0.18% per year. On volatility, EMTL has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BEMB has performed better with a 8.80% return vs 7.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BEMB is cheaper with a 0.18% expense ratio, compared with 0.65% for EMTL.
BEMB has the higher dividend yield at 6.88%, compared with 4.95% for EMTL.
They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for BEMB and 0.65% for EMTL.
EMTL currently has the higher Sharpe Ratio (2.54 vs 2.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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