BREM vs. EMTL
BREM (iShares Emerging Markets Bond Active ETF) and EMTL (SPDR DoubleLine Emerging Markets Fixed Income ETF) are both Emerging Markets Bonds funds. Both are actively managed. A 0.65 correlation means they provide meaningful diversification when combined. BREM charges 0.50%/yr vs 0.65%/yr for EMTL.
Performance
BREM vs. EMTL - Performance Comparison
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Returns By Period
In the year-to-date period, BREM achieves a 3.77% return, which is significantly higher than EMTL's 0.44% return.
BREM
- 1D
- -0.20%
- 1M
- 1.52%
- YTD
- 3.77%
- 6M
- 3.87%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMTL
- 1D
- -0.28%
- 1M
- 0.36%
- YTD
- 0.44%
- 6M
- 0.69%
- 1Y
- 4.33%
- 3Y*
- 6.67%
- 5Y*
- 1.54%
- 10Y*
- 3.27%
BREM vs. EMTL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BREM iShares Emerging Markets Bond Active ETF | 3.77% | 2.80% |
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | 0.44% | 1.08% |
Correlation
The correlation between BREM and EMTL is 0.65, 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 | 0.65 |
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Return for Risk
BREM vs. EMTL — Risk / Return Rank
BREM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EMTL
BREM vs. EMTL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Bond Active ETF (BREM) 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.
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 | EMTL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.17 | — |
| Martin ratioReturn relative to average drawdown | — | 7.69 | — |
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Drawdowns
BREM vs. EMTL - Drawdown Comparison
The maximum BREM drawdown since its inception was -4.54%, smaller than the maximum EMTL drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for BREM and EMTL.
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Drawdown Indicators
| BREM | EMTL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.54% | -22.91% | +18.37% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.00% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.79% | — |
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 | -0.58% | -0.39% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -0.63% | -3.81% | +3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.56% | — |
Volatility
BREM vs. EMTL - Volatility Comparison
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Volatility by Period
| BREM | EMTL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.73% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 2.27% | +3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.61% | 4.87% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 4.68% | +0.93% |
BREM vs. EMTL - Expense Ratio Comparison
BREM has a 0.50% expense ratio, which is lower than EMTL's 0.65% expense ratio.
Dividends
BREM vs. EMTL - Dividend Comparison
BREM's dividend yield for the trailing twelve months is around 3.89%, less than EMTL's 4.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BREM iShares Emerging Markets Bond Active ETF | 3.89% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | 4.97% | 5.09% | 5.34% | 4.78% | 4.19% | 5.43% | 3.28% | 3.96% | 3.35% | 4.16% | 8.87% |
Frequently Asked Questions
BREM and EMTL have a correlation of 0.65, 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 0.65% for EMTL.
EMTL has the higher dividend yield at 4.97%, compared with 3.89% for BREM.
They also come from different issuers: BlackRock and State Street. Their fees differ too: 0.50% for BREM and 0.65% for EMTL.
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