EBND vs. ESHY

Last updated Jun 23, 2026

EBND (SPDR Bloomberg Barclays Emerging Markets Local Bond ETF) and ESHY (Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF) are both exchange-traded funds - EBND is a Emerging Markets Bonds fund tracking the Bloomberg Emerging Market Local Currency Government Diversified, while ESHY is a High Yield Bonds fund tracking the JPMorgan ESG DM Corporate High Yield USD Index. Both are passively managed. EBND charges 0.30%/yr vs 0.20%/yr for ESHY.

Performance

EBND vs. ESHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EBND

• 1D: -0.29%
• 1M: 1.12%
• YTD: 0.20%
• 6M: 0.81%
• 1Y: 5.68%
• 3Y*: 5.34%
• 5Y*: 0.51%
• 10Y*: 1.79%

ESHY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EBND vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF	-1.16%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

Return for Risk

EBND vs. ESHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EBND

EBND Risk / Return Rank: 22
EBND Sharpe Ratio Rank: 23
EBND Sortino Ratio Rank: 21
EBND Omega Ratio Rank: 23
EBND Calmar Ratio Rank: 19
EBND Martin Ratio Rank: 23

ESHY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EBND vs. ESHY - 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 Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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.

	EBND	ESHY	Difference
Sharpe ratio: Return per unit of total volatility	0.80	—	—
Sortino ratio: Return per unit of downside risk	1.15	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	0.86	—	—
Martin ratio: Return relative to average drawdown	2.72	—	—

Drawdowns

EBND vs. ESHY - Drawdown Comparison

The maximum EBND drawdown since its inception was -29.51%, which is greater than ESHY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for EBND and ESHY.

Drawdown Indicators

	EBND	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	-29.51%	0.00%	-29.51%
Max Drawdown (1Y) Largest decline over 1 year	-6.63%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.50%	—	—
Current Drawdown Current decline from peak	-2.82%	0.00%	-2.82%
Average Drawdown Average peak-to-trough decline	-10.84%	0.00%	-10.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	—	—

Volatility

Volatility by Period

	EBND	ESHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.15%	0.00%	+7.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.00%	0.00%	+9.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.18%	0.00%	+9.18%

EBND vs. ESHY - Expense Ratio Comparison

EBND has a 0.30% expense ratio, which is higher than ESHY's 0.20% expense ratio.

Dividends

EBND vs. ESHY - Dividend Comparison

EBND's dividend yield for the trailing twelve months is around 5.80%, while ESHY has not paid dividends to shareholders.

Position	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%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, EBND or ESHY?

On fees, ESHY is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EBND or ESHY?

ESHY is cheaper with a 0.20% expense ratio, compared with 0.30% for EBND.

Which ETF pays a higher dividend yield, EBND or ESHY?

EBND has the higher dividend yield at 5.80%, compared with 0.00% for ESHY.

What is the main difference between EBND and ESHY?

EBND is categorized as Emerging Markets Bonds, while ESHY is High Yield Bonds. EBND tracks Bloomberg Emerging Market Local Currency Government Diversified, while ESHY tracks JPMorgan ESG DM Corporate High Yield USD Index. They also come from different issuers: State Street and Deutsche Bank. Their fees differ too: 0.30% for EBND and 0.20% for ESHY.