EBND vs. GAEM
Compare and contrast key facts about SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) and Simplify Gamma Emerging Market Bond ETF (GAEM).
EBND and GAEM 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. GAEM is an actively managed fund by Simplify. It was launched on Aug 12, 2024.
Performance
EBND vs. GAEM - Performance Comparison
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EBND vs. GAEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | -2.55% | 15.83% | -3.14% |
GAEM Simplify Gamma Emerging Market Bond ETF | -1.25% | 13.55% | 3.72% |
Returns By Period
In the year-to-date period, EBND achieves a -2.55% return, which is significantly lower than GAEM's -1.25% 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%
GAEM
- 1D
- 0.58%
- 1M
- -2.64%
- YTD
- -1.25%
- 6M
- 1.75%
- 1Y
- 9.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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EBND vs. GAEM - Expense Ratio Comparison
EBND has a 0.30% expense ratio, which is lower than GAEM's 0.76% expense ratio.
Return for Risk
EBND vs. GAEM — Risk / Return Rank
EBND
GAEM
EBND vs. GAEM - 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 Simplify Gamma Emerging Market Bond ETF (GAEM). 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 | GAEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.78 | -0.54 |
Sortino ratioReturn per unit of downside risk | 1.78 | 2.67 | -0.89 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.79 | -1.41 |
Martin ratioReturn relative to average drawdown | 6.16 | 11.88 | -5.72 |
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 | GAEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.78 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | — | — |
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 | 2.00 | -1.92 |
Correlation
The correlation between EBND and GAEM is 0.44, 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
EBND vs. GAEM - Dividend Comparison
EBND's dividend yield for the trailing twelve months is around 5.80%, less than GAEM's 6.72% 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% |
GAEM Simplify Gamma Emerging Market Bond ETF | 6.72% | 6.50% | 3.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EBND vs. GAEM - Drawdown Comparison
The maximum EBND drawdown since its inception was -29.51%, which is greater than GAEM's maximum drawdown of -3.84%. Use the drawdown chart below to compare losses from any high point for EBND and GAEM.
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Drawdown Indicators
| EBND | GAEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.51% | -3.84% | -25.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -3.61% | -3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -27.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.50% | — | — |
Current DrawdownCurrent decline from peak | -5.49% | -2.80% | -2.69% |
Average DrawdownAverage peak-to-trough decline | -10.96% | -0.51% | -10.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 0.85% | +0.64% |
Volatility
EBND vs. GAEM - Volatility Comparison
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) has a higher volatility of 3.89% compared to Simplify Gamma Emerging Market Bond ETF (GAEM) at 2.27%. This indicates that EBND's price experiences larger fluctuations and is considered to be riskier than GAEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EBND | GAEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 2.27% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 4.82% | 3.37% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.16% | 5.50% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.90% | 4.88% | +4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.18% | 4.88% | +4.30% |