EBND vs. BNDW
Compare and contrast key facts about SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) and Vanguard Total World Bond ETF (BNDW).
EBND and BNDW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EBND is a passively managed fund by State Street that tracks the performance of the Bloomberg Emerging Market Local Currency Government Diversified. It was launched on Feb 23, 2011. BNDW is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Float Adjusted Composite Index. It was launched on Sep 4, 2018. Both EBND and BNDW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EBND vs. BNDW - Performance Comparison
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EBND vs. BNDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | -2.55% | 15.83% | -2.70% | 9.02% | -11.84% | -9.66% | 4.49% | 10.40% | 5.21% |
BNDW Vanguard Total World Bond ETF | -0.03% | 5.02% | 2.42% | 7.18% | -12.88% | -2.10% | 6.22% | 8.37% | 1.21% |
Returns By Period
In the year-to-date period, EBND achieves a -2.55% return, which is significantly lower than BNDW's -0.03% return.
EBND
- 1D
- 1.23%
- 1M
- -5.27%
- YTD
- -2.55%
- 6M
- -0.61%
- 1Y
- 8.84%
- 3Y*
- 4.78%
- 5Y*
- 0.35%
- 10Y*
- 1.42%
BNDW
- 1D
- 0.35%
- 1M
- -1.98%
- YTD
- -0.03%
- 6M
- 0.57%
- 1Y
- 3.50%
- 3Y*
- 3.73%
- 5Y*
- 0.20%
- 10Y*
- —
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EBND vs. BNDW - Expense Ratio Comparison
EBND has a 0.30% expense ratio, which is higher than BNDW's 0.05% expense ratio.
Return for Risk
EBND vs. BNDW — Risk / Return Rank
EBND
BNDW
EBND vs. BNDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) and Vanguard Total World Bond ETF (BNDW). 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.
| EBND | BNDW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.00 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.78 | 1.40 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.18 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.34 | +0.05 |
Martin ratioReturn relative to average drawdown | 6.16 | 4.97 | +1.19 |
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
| EBND | BNDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.00 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.04 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.37 | -0.28 |
Correlation
The correlation between EBND and BNDW is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EBND vs. BNDW - Dividend Comparison
EBND's dividend yield for the trailing twelve months is around 5.80%, more than BNDW's 4.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | 5.80% | 5.54% | 5.89% | 5.26% | 4.75% | 3.83% | 3.67% | 4.68% | 4.70% | 2.00% |
BNDW Vanguard Total World Bond ETF | 4.16% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% |
Drawdowns
EBND vs. BNDW - Drawdown Comparison
The maximum EBND drawdown since its inception was -29.51%, which is greater than BNDW's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for EBND and BNDW.
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Drawdown Indicators
| EBND | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.51% | -17.22% | -12.29% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -2.70% | -3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -27.57% | -16.93% | -10.64% |
Max Drawdown (10Y)Largest decline over 10 years | -29.50% | — | — |
Current DrawdownCurrent decline from peak | -5.49% | -1.98% | -3.51% |
Average DrawdownAverage peak-to-trough decline | -10.96% | -5.05% | -5.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 0.72% | +0.77% |
Volatility
EBND vs. BNDW - Volatility Comparison
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) has a higher volatility of 3.89% compared to Vanguard Total World Bond ETF (BNDW) at 1.66%. This indicates that EBND's price experiences larger fluctuations and is considered to be riskier than BNDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EBND | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 1.66% | +2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 4.82% | 2.28% | +2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.16% | 3.53% | +3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.90% | 5.17% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.18% | 4.92% | +4.26% |