ELD vs. NEMD
ELD (WisdomTree Emerging Markets Local Debt Fund) and NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) are both Emerging Markets Bonds funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. ELD charges 0.55%/yr vs 0.60%/yr for NEMD.
Performance
ELD vs. NEMD - Performance Comparison
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Returns By Period
In the year-to-date period, ELD achieves a 1.78% return, which is significantly lower than NEMD's 4.23% return.
ELD
- 1D
- 0.00%
- 1M
- -0.42%
- 6M
- 1.16%
- YTD
- 1.78%
- 1Y
- 9.34%
- 3Y*
- 6.49%
- 5Y*
- 3.07%
- 10Y*
- 2.53%
NEMD
- 1D
- -0.11%
- 1M
- -0.55%
- 6M
- 3.09%
- YTD
- 4.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ELD vs. NEMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 1.78% | 5.76% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 4.23% | 7.10% |
Correlation
The correlation between ELD and NEMD is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 11, 2025 | 0.52 |
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Return for Risk
ELD vs. NEMD — Risk / Return Rank
ELD
NEMD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ELD vs. NEMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Local Debt Fund (ELD) and Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD). 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.
| ELD | NEMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | — | — |
| Martin ratioReturn relative to average drawdown | 4.32 | — | — |
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Drawdowns
ELD vs. NEMD - Drawdown Comparison
The maximum ELD drawdown since its inception was -31.92%, which is greater than NEMD's maximum drawdown of -4.43%. Use the drawdown chart below to compare losses from any high point for ELD and NEMD.
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Drawdown Indicators
| ELD | NEMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.92% | -4.43% | -27.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -10.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.15% | — | — |
Current DrawdownCurrent decline from peak | -1.74% | -0.62% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -13.23% | -0.56% | -12.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | — | — |
Volatility
ELD vs. NEMD - Volatility Comparison
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Volatility by Period
| ELD | NEMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.03% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.41% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.55% | 6.51% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 6.51% | +4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.18% | 6.51% | +4.67% |
ELD vs. NEMD - Expense Ratio Comparison
ELD has a 0.55% expense ratio, which is lower than NEMD's 0.60% expense ratio.
Dividends
ELD vs. NEMD - Dividend Comparison
ELD's dividend yield for the trailing twelve months is around 5.86%, more than NEMD's 5.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 5.86% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 5.23% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ELD and NEMD have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ELD is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ELD is cheaper with a 0.55% expense ratio, compared with 0.60% for NEMD.
ELD has the higher dividend yield at 5.86%, compared with 5.23% for NEMD.
They also come from different issuers: WisdomTree and Neuberger Berman. Their fees differ too: 0.55% for ELD and 0.60% for NEMD.
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