ELD vs. DBELX

Last updated Jun 4, 2026

ELD (WisdomTree Emerging Markets Local Debt Fund) and DBELX (DoubleLine Emerging Markets Local Currency Bond Fund) are both Emerging Markets Bonds funds. Over the past 5 years, ELD returned 2.31%/yr vs 2.99%/yr for DBELX. A 0.73 correlation means they provide meaningful diversification when combined. ELD charges 0.55%/yr vs 0.90%/yr for DBELX.

Performance

ELD vs. DBELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Local Debt Fund (ELD) and DoubleLine Emerging Markets Local Currency Bond Fund (DBELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELD achieves a 0.74% return, which is significantly lower than DBELX's 2.50% return.

ELD

• 1D: -0.42%
• 1M: 0.61%
• YTD: 0.74%
• 6M: 1.87%
• 1Y: 10.72%
• 3Y*: 7.80%
• 5Y*: 2.31%
• 10Y*: 2.86%

DBELX

• 1D: 0.31%
• 1M: 1.67%
• YTD: 2.50%
• 6M: 3.44%
• 1Y: 13.11%
• 3Y*: 8.35%
• 5Y*: 2.99%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ELD vs. DBELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ELD WisdomTree Emerging Markets Local Debt Fund	0.74%	21.77%	-4.56%	14.29%	-9.25%	-9.75%	1.79%	4.28%
DBELX DoubleLine Emerging Markets Local Currency Bond Fund	2.50%	20.86%	-4.37%	12.50%	-6.99%	-9.37%	2.61%	0.89%

Correlation

The correlation between ELD and DBELX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019	0.73

The correlation between ELD and DBELX has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.

Return for Risk

ELD vs. DBELX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ELD

ELD Risk / Return Rank: 34
ELD Sharpe Ratio Rank: 35
ELD Sortino Ratio Rank: 36
ELD Omega Ratio Rank: 34
ELD Calmar Ratio Rank: 30
ELD Martin Ratio Rank: 35

DBELX

DBELX Risk / Return Rank: 35
DBELX Sharpe Ratio Rank: 39
DBELX Sortino Ratio Rank: 37
DBELX Omega Ratio Rank: 44
DBELX Calmar Ratio Rank: 26
DBELX Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ELD vs. DBELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Local Debt Fund (ELD) and DoubleLine Emerging Markets Local Currency Bond Fund (DBELX). 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.

	ELD	DBELX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.81	-0.54
Sortino ratio: Return per unit of downside risk	1.90	2.55	-0.65
Omega ratio: Gain probability vs. loss probability	1.23	1.36	-0.13
Calmar ratio: Return relative to maximum drawdown	1.51	1.89	-0.39
Martin ratio: Return relative to average drawdown	5.31	6.94	-1.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELD vs. DBELX - Sharpe Ratio Comparison

The current ELD Sharpe Ratio is 1.27, which is comparable to the DBELX Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of ELD and DBELX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ELD	DBELX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	1.81	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.42	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.30	-0.17

Drawdowns

ELD vs. DBELX - Drawdown Comparison

The maximum ELD drawdown since its inception was -31.92%, which is greater than DBELX's maximum drawdown of -21.95%. Use the drawdown chart below to compare losses from any high point for ELD and DBELX.

Drawdown Indicators

	ELD	DBELX	Difference
Max Drawdown Largest peak-to-trough decline	-31.92%	-21.95%	-9.97%
Max Drawdown (1Y) Largest decline over 1 year	-7.15%	-6.89%	-0.26%
Max Drawdown (3Y) Largest decline over 3 years	-10.89%	-8.54%	-2.35%
Max Drawdown (5Y) Largest decline over 5 years	-23.56%	-19.87%	-3.69%
Max Drawdown (10Y) Largest decline over 10 years	-25.15%	—	—
Current Drawdown Current decline from peak	-2.75%	-1.70%	-1.05%
Average Drawdown Average peak-to-trough decline	-13.31%	-7.21%	-6.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	1.88%	+0.14%

Volatility

ELD vs. DBELX - Volatility Comparison

WisdomTree Emerging Markets Local Debt Fund (ELD) has a higher volatility of 2.73% compared to DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) at 2.34%. This indicates that ELD's price experiences larger fluctuations and is considered to be riskier than DBELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELD	DBELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	2.34%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	7.12%	6.32%	+0.80%
Volatility (1Y) Calculated over the trailing 1-year period	8.52%	7.23%	+1.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.93%	7.13%	+3.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.27%	7.45%	+3.82%

ELD vs. DBELX - Expense Ratio Comparison

ELD has a 0.55% expense ratio, which is lower than DBELX's 0.90% expense ratio.

Dividends

ELD vs. DBELX - Dividend Comparison

ELD's dividend yield for the trailing twelve months is around 5.82%, more than DBELX's 4.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBELX DoubleLine Emerging Markets Local Currency Bond Fund	4.92%	4.41%	3.80%	2.03%	2.01%	1.98%	1.17%	1.06%	0.00%	0.00%	0.00%	0.00%
ELD WisdomTree Emerging Markets Local Debt Fund	5.82%	5.38%	5.75%	4.85%	5.29%	4.98%	4.70%	4.92%	6.30%	4.68%	4.86%	5.57%

Frequently Asked Questions

Can I hold both ELD and DBELX in my portfolio?

ELD and DBELX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ELD or DBELX?

ELD has higher volatility (2.73%) compared to DBELX (2.34%). In terms of maximum drawdown, ELD dropped -31.92% vs DBELX's -21.95%.

Which has better risk-adjusted returns?

DBELX currently has the higher Sharpe Ratio (1.81 vs 1.27), 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.