ELD vs. BND
Compare and contrast key facts about WisdomTree Emerging Markets Local Debt Fund (ELD) and Vanguard Total Bond Market ETF (BND).
ELD and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ELD is an actively managed fund by WisdomTree. It was launched on Aug 9, 2010. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ELD or BND.
Key characteristics
| ELD | BND | |
|---|---|---|
| YTD Return | -3.07% | -2.87% |
| 1Y Return | 4.39% | -0.38% |
| 3Y Return (Ann) | -1.58% | -3.58% |
| 5Y Return (Ann) | 0.25% | -0.11% |
| 10Y Return (Ann) | -0.36% | 1.20% |
| Sharpe Ratio | 0.41 | -0.08 |
| Daily Std Dev | 10.54% | 6.79% |
| Max Drawdown | -31.92% | -18.84% |
| Current Drawdown | -15.67% | -13.16% |
Correlation
The correlation between ELD and BND is 0.12, 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
ELD vs. BND - Performance Comparison
In the year-to-date period, ELD achieves a -3.07% return, which is significantly lower than BND's -2.87% return. Over the past 10 years, ELD has underperformed BND with an annualized return of -0.36%, while BND has yielded a comparatively higher 1.20% 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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ELD vs. BND - Expense Ratio Comparison
ELD has a 0.55% expense ratio, which is higher than BND's 0.03% expense ratio.
Risk-Adjusted Performance
ELD vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Local Debt Fund (ELD) and Vanguard Total Bond Market ETF (BND). 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
ELD vs. BND - Dividend Comparison
ELD's dividend yield for the trailing twelve months is around 5.18%, more than BND's 3.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 5.18% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.53% | 4.33% | 3.90% |
BND Vanguard Total Bond Market ETF | 3.36% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
ELD vs. BND - Drawdown Comparison
The maximum ELD drawdown since its inception was -31.92%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for ELD and BND. For additional features, visit the drawdowns tool.
Volatility
ELD vs. BND - Volatility Comparison
WisdomTree Emerging Markets Local Debt Fund (ELD) has a higher volatility of 2.97% compared to Vanguard Total Bond Market ETF (BND) at 1.86%. This indicates that ELD's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.