EBND vs. IEMG
Compare and contrast key facts about SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) and iShares Core MSCI Emerging Markets ETF (IEMG).
EBND and IEMG 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. IEMG is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on Oct 18, 2012. Both EBND and IEMG 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 IEMG.
Key characteristics
| EBND | IEMG | |
|---|---|---|
| YTD Return | -1.25% | 11.77% |
| 1Y Return | 4.85% | 18.93% |
| 3Y Return (Ann) | -2.29% | -0.80% |
| 5Y Return (Ann) | -1.74% | 4.16% |
| 10Y Return (Ann) | -0.55% | 3.90% |
| Sharpe Ratio | 0.64 | 1.26 |
| Sortino Ratio | 1.00 | 1.84 |
| Omega Ratio | 1.12 | 1.23 |
| Calmar Ratio | 0.25 | 0.70 |
| Martin Ratio | 1.75 | 6.69 |
| Ulcer Index | 2.80% | 2.79% |
| Daily Std Dev | 7.61% | 14.81% |
| Max Drawdown | -29.50% | -38.72% |
| Current Drawdown | -14.58% | -11.48% |
Correlation
The correlation between EBND and IEMG is 0.64, 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.
Performance
EBND vs. IEMG - Performance Comparison
In the year-to-date period, EBND achieves a -1.25% return, which is significantly lower than IEMG's 11.77% return. Over the past 10 years, EBND has underperformed IEMG with an annualized return of -0.55%, while IEMG has yielded a comparatively higher 3.90% annualized return. 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. IEMG - Expense Ratio Comparison
EBND has a 0.30% expense ratio, which is higher than IEMG's 0.14% expense ratio.
Risk-Adjusted Performance
EBND vs. IEMG - 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 iShares Core MSCI Emerging Markets ETF (IEMG). 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. IEMG - Dividend Comparison
EBND's dividend yield for the trailing twelve months is around 5.81%, more than IEMG's 2.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | 5.81% | 5.27% | 4.74% | 3.83% | 3.67% | 4.68% | 4.70% | 2.00% | 0.00% | 0.00% | 0.24% | 2.31% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.65% | 2.89% | 2.70% | 3.06% | 1.87% | 3.15% | 2.76% | 2.34% | 2.28% | 2.52% | 2.30% | 1.76% |
Drawdowns
EBND vs. IEMG - Drawdown Comparison
The maximum EBND drawdown since its inception was -29.50%, smaller than the maximum IEMG drawdown of -38.72%. Use the drawdown chart below to compare losses from any high point for EBND and IEMG. For additional features, visit the drawdowns tool.
Volatility
EBND vs. IEMG - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) is 2.10%, while iShares Core MSCI Emerging Markets ETF (IEMG) has a volatility of 3.50%. This indicates that EBND experiences smaller price fluctuations and is considered to be less risky than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.