EBNAX vs. GMCDX
Compare and contrast key facts about American Funds Emerging Markets Bond Fund (EBNAX) and GMO Emerging Country Debt Fund (GMCDX).
EBNAX is managed by American Funds. It was launched on Apr 21, 2016. GMCDX is managed by GMO. It was launched on Apr 18, 1994.
Performance
EBNAX vs. GMCDX - Performance Comparison
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EBNAX vs. GMCDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EBNAX American Funds Emerging Markets Bond Fund | -1.90% | 15.91% | 0.33% | 12.11% | -14.03% | -3.96% | 7.65% | 13.16% | -4.67% | 13.57% |
GMCDX GMO Emerging Country Debt Fund | 2.31% | 22.34% | 13.39% | 17.63% | -16.30% | 6.56% | 7.25% | 14.28% | -5.89% | 12.49% |
Returns By Period
In the year-to-date period, EBNAX achieves a -1.90% return, which is significantly lower than GMCDX's 2.31% return.
EBNAX
- 1D
- 0.51%
- 1M
- -3.75%
- YTD
- -1.90%
- 6M
- 0.30%
- 1Y
- 9.55%
- 3Y*
- 7.58%
- 5Y*
- 2.17%
- 10Y*
- —
GMCDX
- 1D
- 0.30%
- 1M
- -2.54%
- YTD
- 2.31%
- 6M
- 8.44%
- 1Y
- 20.37%
- 3Y*
- 17.91%
- 5Y*
- 9.25%
- 10Y*
- 7.62%
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EBNAX vs. GMCDX - Expense Ratio Comparison
EBNAX has a 0.98% expense ratio, which is higher than GMCDX's 0.53% expense ratio.
Return for Risk
EBNAX vs. GMCDX — Risk / Return Rank
EBNAX
GMCDX
EBNAX vs. GMCDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Emerging Markets Bond Fund (EBNAX) and GMO Emerging Country Debt Fund (GMCDX). 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.
| EBNAX | GMCDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 3.12 | -1.04 |
Sortino ratioReturn per unit of downside risk | 2.85 | 4.54 | -1.69 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.76 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | 2.16 | 3.55 | -1.39 |
Martin ratioReturn relative to average drawdown | 9.54 | 17.85 | -8.31 |
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
| EBNAX | GMCDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 3.12 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.83 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.30 | +0.17 |
Correlation
The correlation between EBNAX and GMCDX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EBNAX vs. GMCDX - Dividend Comparison
EBNAX's dividend yield for the trailing twelve months is around 5.58%, less than GMCDX's 6.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EBNAX American Funds Emerging Markets Bond Fund | 5.58% | 6.12% | 7.26% | 5.45% | 5.39% | 4.85% | 4.89% | 6.09% | 5.90% | 6.59% | 1.85% | 0.00% |
GMCDX GMO Emerging Country Debt Fund | 6.13% | 6.27% | 6.88% | 10.26% | 13.73% | 17.75% | 9.66% | 6.60% | 7.76% | 7.06% | 6.00% | 2.50% |
Drawdowns
EBNAX vs. GMCDX - Drawdown Comparison
The maximum EBNAX drawdown since its inception was -26.27%, smaller than the maximum GMCDX drawdown of -68.24%. Use the drawdown chart below to compare losses from any high point for EBNAX and GMCDX.
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Drawdown Indicators
| EBNAX | GMCDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.27% | -68.24% | +41.97% |
Max Drawdown (1Y)Largest decline over 1 year | -4.93% | -5.69% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -25.72% | -26.02% | +0.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.02% | — |
Current DrawdownCurrent decline from peak | -4.45% | -3.56% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -17.75% | +11.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.14% | -0.02% |
Volatility
EBNAX vs. GMCDX - Volatility Comparison
American Funds Emerging Markets Bond Fund (EBNAX) and GMO Emerging Country Debt Fund (GMCDX) have volatilities of 2.29% and 2.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EBNAX | GMCDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 2.27% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 3.92% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.79% | 6.72% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 11.16% | -4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 9.31% | -2.38% |