BOND vs. ELD
BOND (PIMCO Active Bond ETF) and ELD (WisdomTree Emerging Markets Local Debt Fund) are both exchange-traded funds - BOND is a Intermediate Core-Plus Bond fund actively managed by PIMCO, while ELD is a Emerging Markets Bonds fund actively managed by WisdomTree. Both are actively managed. Over the past 10 years, BOND returned 2.08%/yr vs 2.66%/yr for ELD. At a 0.18 correlation, their price movements are largely independent. BOND charges 0.54%/yr vs 0.55%/yr for ELD.
Performance
BOND vs. ELD - Performance Comparison
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Returns By Period
In the year-to-date period, BOND achieves a -0.03% return, which is significantly higher than ELD's -0.49% return. Over the past 10 years, BOND has underperformed ELD with an annualized return of 2.08%, while ELD has yielded a comparatively higher 2.66% annualized return.
BOND
- 1D
- -0.12%
- 1M
- -0.86%
- YTD
- -0.03%
- 6M
- 0.53%
- 1Y
- 6.21%
- 3Y*
- 4.91%
- 5Y*
- 0.34%
- 10Y*
- 2.08%
ELD
- 1D
- -0.25%
- 1M
- -1.95%
- YTD
- -0.49%
- 6M
- 1.34%
- 1Y
- 9.35%
- 3Y*
- 6.90%
- 5Y*
- 2.01%
- 10Y*
- 2.66%
BOND vs. ELD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | -0.03% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
ELD WisdomTree Emerging Markets Local Debt Fund | -0.49% | 21.77% | -4.56% | 14.29% | -9.25% | -9.75% | 1.79% | 12.89% | -7.53% | 12.72% |
Correlation
The correlation between BOND and ELD is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2012 | 0.18 |
The correlation between BOND and ELD shifts across timeframes, from 0.18 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BOND vs. ELD — Risk / Return Rank
BOND
ELD
BOND vs. ELD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Active Bond ETF (BOND) and WisdomTree Emerging Markets Local Debt Fund (ELD). 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.
| BOND | ELD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.20 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.31 | +0.75 |
| Martin ratioReturn relative to average drawdown | 6.47 | 4.55 | +1.92 |
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
| BOND | ELD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.10 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.18 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.24 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.12 | +0.51 |
Drawdowns
BOND vs. ELD - Drawdown Comparison
The maximum BOND drawdown since its inception was -19.71%, smaller than the maximum ELD drawdown of -31.92%. Use the drawdown chart below to compare losses from any high point for BOND and ELD.
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Drawdown Indicators
| BOND | ELD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -31.92% | +12.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -7.15% | +4.14% |
Max Drawdown (3Y)Largest decline over 3 years | -6.12% | -10.89% | +4.77% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -23.56% | +3.85% |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | -25.15% | +5.44% |
Current DrawdownCurrent decline from peak | -2.06% | -3.94% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -13.30% | +9.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 2.06% | -1.10% |
Volatility
BOND vs. ELD - Volatility Comparison
The current volatility for PIMCO Active Bond ETF (BOND) is 1.42%, while WisdomTree Emerging Markets Local Debt Fund (ELD) has a volatility of 2.72%. This indicates that BOND experiences smaller price fluctuations and is considered to be less risky than ELD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOND | ELD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 2.72% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 7.16% | -4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 8.54% | -4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.77% | 10.94% | -5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 11.26% | -6.17% |
BOND vs. ELD - Expense Ratio Comparison
BOND has a 0.54% expense ratio, which is lower than ELD's 0.55% expense ratio.
Dividends
BOND vs. ELD - Dividend Comparison
BOND's dividend yield for the trailing twelve months is around 5.21%, less than ELD's 5.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 5.21% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
ELD WisdomTree Emerging Markets Local Debt Fund | 5.89% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
Frequently Asked Questions
BOND and ELD have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELD has higher volatility (2.72%) compared to BOND (1.42%). In terms of maximum drawdown, BOND dropped -19.71% vs ELD's -31.92%.
On 10-year performance, ELD leads with 2.66% vs 2.08% for BOND. On fees, BOND is cheaper at 0.54% per year. On volatility, BOND has been the lower-risk option at 1.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ELD has performed better with a 2.66% return vs 2.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BOND is cheaper with a 0.54% expense ratio, compared with 0.55% for ELD.
ELD has the higher dividend yield at 5.89%, compared with 5.21% for BOND.
BOND is categorized as Intermediate Core-Plus Bond, while ELD is Emerging Markets Bonds. They also come from different issuers: PIMCO and WisdomTree. Their fees differ too: 0.54% for BOND and 0.55% for ELD.
BOND currently has the higher Sharpe Ratio (1.59 vs 1.10), 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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