EBND vs. ESHY
Compare and contrast key facts about SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY).
EBND and ESHY 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. ESHY is a passively managed fund by Deutsche Bank that tracks the performance of the JPMorgan ESG DM Corporate High Yield USD Index. It was launched on Mar 3, 2015. Both EBND and ESHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EBND or ESHY.
Key characteristics
| EBND | ESHY |
|---|
Correlation
The correlation between EBND and ESHY is 0.31, 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.
Performance
EBND vs. ESHY - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EBND vs. ESHY - Expense Ratio Comparison
EBND has a 0.30% expense ratio, which is higher than ESHY's 0.20% expense ratio.
Risk-Adjusted Performance
EBND vs. ESHY - Risk-Adjusted Performance 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.
Dividends
EBND vs. ESHY - Dividend Comparison
EBND's dividend yield for the trailing twelve months is around 5.17%, while ESHY has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | 5.17% | 5.27% | 4.60% | 3.83% | 3.67% | 4.68% | 4.70% | 2.00% | 0.00% | 0.00% | 0.24% | 2.31% |
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF | 5.90% | 7.07% | 6.39% | 5.31% | 5.88% | 5.85% | 7.55% | 5.68% | 5.31% | 5.25% | 0.00% | 0.00% |
Drawdowns
EBND vs. ESHY - Drawdown Comparison
Volatility
EBND vs. ESHY - Volatility Comparison
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) has a higher volatility of 2.52% compared to Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY) at 0.00%. This indicates that EBND's price experiences larger fluctuations and is considered to be riskier than ESHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.