BREM vs. ELD
BREM (iShares Emerging Markets Bond Active ETF) and ELD (WisdomTree Emerging Markets Local Debt Fund) are both Emerging Markets Bonds funds. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. BREM charges 0.50%/yr vs 0.55%/yr for ELD.
Performance
BREM vs. ELD - Performance Comparison
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Returns By Period
In the year-to-date period, BREM achieves a 3.96% return, which is significantly higher than ELD's 0.42% return.
BREM
- 1D
- 0.18%
- 1M
- 1.71%
- YTD
- 3.96%
- 6M
- 3.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ELD
- 1D
- -0.09%
- 1M
- 0.41%
- YTD
- 0.42%
- 6M
- 0.51%
- 1Y
- 8.62%
- 3Y*
- 6.80%
- 5Y*
- 2.62%
- 10Y*
- 2.81%
BREM vs. ELD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BREM iShares Emerging Markets Bond Active ETF | 3.96% | 2.80% |
ELD WisdomTree Emerging Markets Local Debt Fund | 0.42% | 3.43% |
Correlation
The correlation between BREM and ELD is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 16, 2025 | 0.55 |
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Return for Risk
BREM vs. ELD — Risk / Return Rank
BREM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ELD
BREM vs. ELD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Bond Active ETF (BREM) 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.
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.
| BREM | ELD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.21 | — |
| Martin ratioReturn relative to average drawdown | — | 4.08 | — |
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Drawdowns
BREM vs. ELD - Drawdown Comparison
The maximum BREM drawdown since its inception was -4.54%, smaller than the maximum ELD drawdown of -31.92%. Use the drawdown chart below to compare losses from any high point for BREM and ELD.
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Drawdown Indicators
| BREM | ELD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.54% | -31.92% | +27.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.15% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.15% | — |
Current DrawdownCurrent decline from peak | -0.40% | -3.05% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -0.63% | -13.27% | +12.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.12% | — |
Volatility
BREM vs. ELD - Volatility Comparison
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Volatility by Period
| BREM | ELD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.36% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 8.55% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.59% | 10.96% | -5.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 11.21% | -5.62% |
BREM vs. ELD - Expense Ratio Comparison
BREM has a 0.50% expense ratio, which is lower than ELD's 0.55% expense ratio.
Dividends
BREM vs. ELD - Dividend Comparison
BREM's dividend yield for the trailing twelve months is around 3.88%, less than ELD's 5.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BREM iShares Emerging Markets Bond Active ETF | 3.88% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ELD WisdomTree Emerging Markets Local Debt Fund | 5.84% | 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
BREM and ELD have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BREM is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BREM is cheaper with a 0.50% expense ratio, compared with 0.55% for ELD.
ELD has the higher dividend yield at 5.84%, compared with 3.88% for BREM.
They also come from different issuers: BlackRock and WisdomTree. Their fees differ too: 0.50% for BREM and 0.55% for ELD.
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