EBND vs. VEMY
EBND (SPDR Bloomberg Barclays Emerging Markets Local Bond ETF) and VEMY (Virtus Stone Harbor Emerging Markets High Yield Bond ETF) are both Emerging Markets Bonds funds. EBND is passively managed, while VEMY is actively managed. Over the past 3 years, EBND returned 5.35%/yr vs 13.84%/yr for VEMY. Their 0.59 correlation means they have sometimes moved together and sometimes differently. EBND charges 0.30%/yr vs 0.58%/yr for VEMY.
Performance
EBND vs. VEMY - Performance Comparison
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Returns By Period
In the year-to-date period, EBND achieves a 0.87% return, which is significantly lower than VEMY's 5.65% return.
EBND
- 1D
- -0.24%
- 1M
- 0.29%
- 6M
- -0.48%
- YTD
- 0.87%
- 1Y
- 5.00%
- 3Y*
- 5.35%
- 5Y*
- 0.73%
- 10Y*
- 1.42%
- ALL TIME*
- 1.04%
VEMY
- 1D
- 0.04%
- 1M
- -0.85%
- 6M
- 3.07%
- YTD
- 5.65%
- 1Y
- 12.83%
- 3Y*
- 13.84%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.14M | $5.71M | $6.29M | |
| $966.52K | $884.39K | $876.68K |
EBND vs. VEMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | 0.87% | 15.83% | -2.70% | 9.02% | 1.68% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 5.65% | 15.27% | 13.48% | 14.45% | -1.43% |
Correlation
The correlation between EBND and VEMY is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.59 |
The correlation between EBND and VEMY has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
EBND vs. VEMY — Risk / Return Rank
EBND
VEMY
EBND vs. VEMY - 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 Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY). 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 | VEMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.43 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 3.23 | -2.34 |
| Martin ratioReturn relative to average drawdown | 2.62 | 14.88 | -12.26 |
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Drawdowns
EBND vs. VEMY - Drawdown Comparison
The maximum EBND drawdown since its inception was -29.51%, which is greater than VEMY's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for EBND and VEMY.
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Drawdown Indicators
| EBND | VEMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.51% | -8.77% | -20.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -4.00% | -2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -7.31% | -6.57% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -26.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.50% | — | — |
Current DrawdownCurrent decline from peak | -2.17% | -1.07% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -10.78% | -1.27% | -9.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 0.87% | +1.39% |
Volatility
EBND vs. VEMY - Volatility Comparison
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) has a higher volatility of 1.78% compared to Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) at 1.13%. This indicates that EBND's price experiences larger fluctuations and is considered to be riskier than VEMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EBND | VEMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.13% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 6.38% | 4.52% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.11% | 6.02% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.00% | 7.52% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.08% | 7.52% | +1.56% |
EBND vs. VEMY - Expense Ratio Comparison
EBND has a 0.30% expense ratio, which is lower than VEMY's 0.58% expense ratio.
Dividends
EBND vs. VEMY - Dividend Comparison
EBND's dividend yield for the trailing twelve months is around 5.85%, less than VEMY's 8.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | 5.37% | 5.54% | 5.89% | 5.26% | 4.75% | 3.83% | 3.67% | 4.68% | 4.70% | 2.00% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 8.12% | 8.89% | 10.28% | 9.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EBND and VEMY have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EBND has higher volatility (1.78%) compared to VEMY (1.13%). In terms of maximum drawdown, EBND dropped -29.51% vs VEMY's -8.77%.
On 3-year performance, VEMY leads with 13.84% vs 5.35% for EBND. On fees, EBND is cheaper at 0.30% per year. On volatility, VEMY has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VEMY has performed better with a 13.84% return vs 5.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EBND is cheaper with a 0.30% expense ratio, compared with 0.58% for VEMY.
VEMY has the higher dividend yield at 8.12%, compared with 5.37% for EBND.
They also come from different issuers: State Street and Virtus. Their fees differ too: 0.30% for EBND and 0.58% for VEMY.
VEMY currently has the higher Sharpe Ratio (2.15 vs 0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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