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. At a 0.48 correlation, their price movements are largely independent. 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 0.74% return, which is significantly lower than NEMD's 3.76% 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%
NEMD
- 1D
- -0.39%
- 1M
- 1.56%
- YTD
- 3.76%
- 6M
- 4.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ELD vs. NEMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 0.74% | 6.38% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 3.76% | 7.07% |
Correlation
The correlation between ELD and NEMD is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 12, 2025 | 0.48 |
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Return for Risk
ELD vs. NEMD — Risk / Return Rank
ELD
NEMD
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.
| ELD | NEMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | — | — |
| Martin ratioReturn relative to average drawdown | 5.31 | — | — |
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 | NEMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 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 | 2.14 | -2.01 |
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 | -23.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.15% | — | — |
Current DrawdownCurrent decline from peak | -2.75% | -0.39% | -2.36% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -0.57% | -12.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | — | — |
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 | 2.73% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.52% | 6.51% | +2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.93% | 6.51% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.27% | 6.51% | +4.76% |
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 5.82%, more than NEMD's 4.73% 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% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 4.73% | 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 0.48, 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 5.82%, compared with 4.73% 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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