EBND vs. ELD
Compare and contrast key facts about SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) and WisdomTree Emerging Markets Local Debt Fund (ELD).
EBND and ELD 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. ELD is an actively managed fund by WisdomTree. It was launched on Aug 9, 2010.
Performance
EBND vs. ELD - Performance Comparison
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EBND vs. ELD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -6.52% | 13.93% |
ELD WisdomTree Emerging Markets Local Debt Fund | -3.30% | 21.77% | -4.56% | 14.29% | -9.25% | -9.75% | 1.79% | 12.89% | -7.53% | 12.72% |
Returns By Period
In the year-to-date period, EBND achieves a -2.55% return, which is significantly higher than ELD's -3.30% return. Over the past 10 years, EBND has underperformed ELD with an annualized return of 1.42%, while ELD has yielded a comparatively higher 2.39% annualized 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%
ELD
- 1D
- 0.47%
- 1M
- -6.54%
- YTD
- -3.30%
- 6M
- -0.28%
- 1Y
- 10.08%
- 3Y*
- 6.57%
- 5Y*
- 2.35%
- 10Y*
- 2.39%
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EBND vs. ELD - Expense Ratio Comparison
EBND has a 0.30% expense ratio, which is lower than ELD's 0.55% expense ratio.
Return for Risk
EBND vs. ELD — Risk / Return Rank
EBND
ELD
EBND vs. ELD - 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 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.
| EBND | ELD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.07 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.78 | 1.55 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.73 | -0.35 |
Martin ratioReturn relative to average drawdown | 6.16 | 7.27 | -1.11 |
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 | ELD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.07 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.22 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.21 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.10 | -0.01 |
Correlation
The correlation between EBND and ELD is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EBND vs. ELD - Dividend Comparison
EBND's dividend yield for the trailing twelve months is around 5.80%, less than ELD's 5.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
ELD WisdomTree Emerging Markets Local Debt Fund | 5.86% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
Drawdowns
EBND vs. ELD - Drawdown Comparison
The maximum EBND drawdown since its inception was -29.51%, smaller than the maximum ELD drawdown of -31.92%. Use the drawdown chart below to compare losses from any high point for EBND and ELD.
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Drawdown Indicators
| EBND | ELD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.51% | -31.92% | +2.41% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -7.15% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -27.57% | -23.56% | -4.01% |
Max Drawdown (10Y)Largest decline over 10 years | -29.50% | -25.15% | -4.35% |
Current DrawdownCurrent decline from peak | -5.49% | -6.64% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -10.96% | -13.43% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.70% | -0.21% |
Volatility
EBND vs. ELD - Volatility Comparison
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) and WisdomTree Emerging Markets Local Debt Fund (ELD) have volatilities of 3.89% and 4.06%, 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
| EBND | ELD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 4.06% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 4.82% | 5.92% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.16% | 9.66% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.90% | 10.83% | -1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.18% | 11.27% | -2.09% |