ELD vs. EBND
Compare and contrast key facts about WisdomTree Emerging Markets Local Debt Fund (ELD) and SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND).
ELD and EBND 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. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ELD or EBND.
Key characteristics
| ELD | EBND | |
|---|---|---|
| YTD Return | -3.81% | -5.07% |
| 1Y Return | 3.46% | -0.45% |
| 3Y Return (Ann) | -1.81% | -4.83% |
| 5Y Return (Ann) | 0.03% | -1.39% |
| 10Y Return (Ann) | -0.47% | -1.13% |
| Sharpe Ratio | 0.35 | -0.03 |
| Daily Std Dev | 10.60% | 8.37% |
| Max Drawdown | -31.92% | -29.57% |
| Current Drawdown | -16.32% | -18.00% |
Correlation
The correlation between ELD and EBND is 0.78, 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
ELD vs. EBND - Performance Comparison
In the year-to-date period, ELD achieves a -3.81% return, which is significantly higher than EBND's -5.07% return. Over the past 10 years, ELD has outperformed EBND with an annualized return of -0.47%, while EBND has yielded a comparatively lower -1.13% 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. EBND - Expense Ratio Comparison
ELD has a 0.55% expense ratio, which is higher than EBND's 0.30% expense ratio.
Risk-Adjusted Performance
ELD vs. EBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Local Debt Fund (ELD) and SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND). 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. EBND - Dividend Comparison
ELD's dividend yield for the trailing twelve months is around 5.28%, less than EBND's 5.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 5.28% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% | 4.33% | 3.90% |
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | 5.57% | 5.27% | 4.60% | 3.83% | 3.67% | 4.68% | 4.70% | 2.00% | 0.00% | 0.00% | 0.24% | 2.31% |
Drawdowns
ELD vs. EBND - Drawdown Comparison
The maximum ELD drawdown since its inception was -31.92%, which is greater than EBND's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for ELD and EBND. For additional features, visit the drawdowns tool.
Volatility
ELD vs. EBND - Volatility Comparison
WisdomTree Emerging Markets Local Debt Fund (ELD) has a higher volatility of 3.26% compared to SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) at 2.36%. This indicates that ELD's price experiences larger fluctuations and is considered to be riskier than EBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.