EBND vs. LEMB
Compare and contrast key facts about SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) and iShares J.P. Morgan EM Local Currency Bond ETF (LEMB).
EBND and LEMB 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. LEMB is a passively managed fund by iShares that tracks the performance of the J.P. Morgan GBI-EM Global 15 cap 4.5 floor. It was launched on Oct 18, 2011. Both EBND and LEMB 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 LEMB.
Key characteristics
| EBND | LEMB | |
|---|---|---|
| YTD Return | -0.61% | 0.60% |
| 1Y Return | 6.54% | 6.49% |
| 3Y Return (Ann) | -2.23% | -2.40% |
| 5Y Return (Ann) | -1.61% | -1.98% |
| 10Y Return (Ann) | -0.48% | -0.68% |
| Sharpe Ratio | 0.72 | 0.89 |
| Sortino Ratio | 1.12 | 1.39 |
| Omega Ratio | 1.13 | 1.16 |
| Calmar Ratio | 0.29 | 0.29 |
| Martin Ratio | 1.99 | 2.93 |
| Ulcer Index | 2.83% | 2.07% |
| Daily Std Dev | 7.88% | 6.77% |
| Max Drawdown | -29.50% | -28.42% |
| Current Drawdown | -14.03% | -15.62% |
Correlation
The correlation between EBND and LEMB is 0.81, 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.
Performance
EBND vs. LEMB - Performance Comparison
In the year-to-date period, EBND achieves a -0.61% return, which is significantly lower than LEMB's 0.60% return. Over the past 10 years, EBND has outperformed LEMB with an annualized return of -0.48%, while LEMB has yielded a comparatively lower -0.68% 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. LEMB - Expense Ratio Comparison
Both EBND and LEMB have an expense ratio of 0.30%.
Risk-Adjusted Performance
EBND vs. LEMB - 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 J.P. Morgan EM Local Currency Bond ETF (LEMB). 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. LEMB - Dividend Comparison
EBND's dividend yield for the trailing twelve months is around 5.77%, more than LEMB's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | 5.77% | 5.27% | 4.74% | 3.83% | 3.67% | 4.68% | 4.70% | 2.00% | 0.00% | 0.00% | 0.24% | 2.31% |
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | 1.33% | 1.34% | 0.86% | 3.89% | 0.00% | 4.39% | 6.91% | 0.00% | 0.00% | 0.64% | 2.85% | 2.99% |
Drawdowns
EBND vs. LEMB - Drawdown Comparison
The maximum EBND drawdown since its inception was -29.50%, roughly equal to the maximum LEMB drawdown of -28.42%. Use the drawdown chart below to compare losses from any high point for EBND and LEMB. For additional features, visit the drawdowns tool.
Volatility
EBND vs. LEMB - Volatility Comparison
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) has a higher volatility of 2.99% compared to iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) at 2.35%. This indicates that EBND's price experiences larger fluctuations and is considered to be riskier than LEMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.