ELD vs. FLLA
ELD (WisdomTree Emerging Markets Local Debt Fund) and FLLA (Franklin FTSE Latin America ETF) are both exchange-traded funds - ELD is a Emerging Markets Bonds fund actively managed by WisdomTree, while FLLA is a Latin America Equities fund tracking the FTSE Latin America RIC Capped Index. ELD is actively managed, while FLLA is passively managed. Over the past 5 years, ELD returned 2.31%/yr vs 7.79%/yr for FLLA. A 0.55 correlation means they provide meaningful diversification when combined. ELD charges 0.55%/yr vs 0.19%/yr for FLLA.
Performance
ELD vs. FLLA - Performance Comparison
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Returns By Period
In the year-to-date period, ELD achieves a 0.74% return, which is significantly lower than FLLA's 12.62% 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%
FLLA
- 1D
- -2.69%
- 1M
- -5.24%
- YTD
- 12.62%
- 6M
- 11.76%
- 1Y
- 35.32%
- 3Y*
- 14.00%
- 5Y*
- 7.79%
- 10Y*
- —
ELD vs. FLLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 0.74% | 21.77% | -4.56% | 14.29% | -9.25% | -9.75% | 1.79% | 12.89% | 4.39% |
FLLA Franklin FTSE Latin America ETF | 12.62% | 51.81% | -26.89% | 32.71% | 7.78% | -8.93% | -15.08% | 19.59% | -2.78% |
Correlation
The correlation between ELD and FLLA is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2018 | 0.55 |
The correlation between ELD and FLLA has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.
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Return for Risk
ELD vs. FLLA — Risk / Return Rank
ELD
FLLA
ELD vs. FLLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Local Debt Fund (ELD) and Franklin FTSE Latin America ETF (FLLA). 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 | FLLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 3.06 | -1.55 |
| Martin ratioReturn relative to average drawdown | 5.31 | 8.72 | -3.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ELD | FLLA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.66 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.34 | -0.13 |
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 | 0.23 | -0.11 |
Drawdowns
ELD vs. FLLA - Drawdown Comparison
The maximum ELD drawdown since its inception was -31.92%, smaller than the maximum FLLA drawdown of -53.88%. Use the drawdown chart below to compare losses from any high point for ELD and FLLA.
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Drawdown Indicators
| ELD | FLLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.92% | -53.88% | +21.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -11.59% | +4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -10.89% | -27.76% | +16.87% |
Max Drawdown (5Y)Largest decline over 5 years | -23.56% | -28.32% | +4.76% |
Max Drawdown (10Y)Largest decline over 10 years | -25.15% | — | — |
Current DrawdownCurrent decline from peak | -2.75% | -10.96% | +8.21% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -13.48% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 4.06% | -2.04% |
Volatility
ELD vs. FLLA - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Local Debt Fund (ELD) is 2.73%, while Franklin FTSE Latin America ETF (FLLA) has a volatility of 6.72%. This indicates that ELD experiences smaller price fluctuations and is considered to be less risky than FLLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELD | FLLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 6.72% | -3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 18.23% | -11.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.52% | 21.33% | -12.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.93% | 22.81% | -11.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.27% | 27.54% | -16.27% |
ELD vs. FLLA - Expense Ratio Comparison
ELD has a 0.55% expense ratio, which is higher than FLLA's 0.19% expense ratio.
Dividends
ELD vs. FLLA - Dividend Comparison
ELD's dividend yield for the trailing twelve months is around 5.82%, more than FLLA's 5.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FLLA Franklin FTSE Latin America ETF | 5.38% | 6.06% | 7.04% | 5.45% | 9.55% | 7.60% | 2.12% | 3.18% | 0.48% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ELD and FLLA have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLLA has higher volatility (6.72%) compared to ELD (2.73%). In terms of maximum drawdown, ELD dropped -31.92% vs FLLA's -53.88%.
On 5-year performance, FLLA leads with 7.79% vs 2.31% for ELD. On fees, FLLA is cheaper at 0.19% per year. On volatility, ELD has been the lower-risk option at 2.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLLA has performed better with a 7.79% return vs 2.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLLA is cheaper with a 0.19% expense ratio, compared with 0.55% for ELD.
ELD has the higher dividend yield at 5.82%, compared with 5.38% for FLLA.
ELD is categorized as Emerging Markets Bonds, while FLLA is Latin America Equities. They also come from different issuers: WisdomTree and Franklin Templeton. Their fees differ too: 0.55% for ELD and 0.19% for FLLA.
FLLA currently has the higher Sharpe Ratio (1.66 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.
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