ELD vs. NTSX
ELD (WisdomTree Emerging Markets Local Debt Fund) and NTSX (WisdomTree U.S. Efficient Core Fund) are both exchange-traded funds - ELD is a Emerging Markets Bonds fund actively managed by WisdomTree, while NTSX is a Diversified Portfolio fund actively managed by WisdomTree. Both are actively managed. Over the past 5 years, ELD returned 2.31%/yr vs 9.69%/yr for NTSX. At a 0.38 correlation, their price movements are largely independent. ELD charges 0.55%/yr vs 0.20%/yr for NTSX.
Performance
ELD vs. NTSX - 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 NTSX's 8.62% 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%
NTSX
- 1D
- -1.05%
- 1M
- 4.37%
- YTD
- 8.62%
- 6M
- 7.83%
- 1Y
- 25.27%
- 3Y*
- 19.38%
- 5Y*
- 9.69%
- 10Y*
- —
ELD vs. NTSX - 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% | -0.95% |
NTSX WisdomTree U.S. Efficient Core Fund | 8.62% | 18.82% | 20.20% | 22.70% | -25.84% | 22.21% | 24.87% | 32.03% | -8.72% |
Correlation
The correlation between ELD and NTSX is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2018 | 0.38 |
The correlation between ELD and NTSX shifts across timeframes, from 0.36 (3 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ELD vs. NTSX — Risk / Return Rank
ELD
NTSX
ELD vs. NTSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Local Debt Fund (ELD) and WisdomTree U.S. Efficient Core Fund (NTSX). 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 | NTSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 2.77 | -1.26 |
| Martin ratioReturn relative to average drawdown | 5.31 | 12.25 | -6.94 |
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 | NTSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 2.06 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.57 | -0.36 |
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 | 0.71 | -0.59 |
Drawdowns
ELD vs. NTSX - Drawdown Comparison
The maximum ELD drawdown since its inception was -31.92%, roughly equal to the maximum NTSX drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for ELD and NTSX.
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Drawdown Indicators
| ELD | NTSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.92% | -31.34% | -0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -9.16% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -10.89% | -16.82% | +5.93% |
Max Drawdown (5Y)Largest decline over 5 years | -23.56% | -31.34% | +7.78% |
Max Drawdown (10Y)Largest decline over 10 years | -25.15% | — | — |
Current DrawdownCurrent decline from peak | -2.75% | -1.05% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -6.79% | -6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.07% | -0.05% |
Volatility
ELD vs. NTSX - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Local Debt Fund (ELD) is 2.73%, while WisdomTree U.S. Efficient Core Fund (NTSX) has a volatility of 3.39%. This indicates that ELD experiences smaller price fluctuations and is considered to be less risky than NTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELD | NTSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 3.39% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 9.58% | -2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.52% | 12.31% | -3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.93% | 17.04% | -6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.27% | 18.27% | -7.00% |
ELD vs. NTSX - Expense Ratio Comparison
ELD has a 0.55% expense ratio, which is higher than NTSX's 0.20% expense ratio.
Dividends
ELD vs. NTSX - Dividend Comparison
ELD's dividend yield for the trailing twelve months is around 5.82%, more than NTSX's 1.08% 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% |
NTSX WisdomTree U.S. Efficient Core Fund | 1.08% | 1.14% | 1.14% | 1.21% | 1.36% | 0.82% | 0.92% | 1.42% | 0.62% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ELD and NTSX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTSX has higher volatility (3.39%) compared to ELD (2.73%). In terms of maximum drawdown, ELD dropped -31.92% vs NTSX's -31.34%.
On 5-year performance, NTSX leads with 9.69% vs 2.31% for ELD. On fees, NTSX is cheaper at 0.20% 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, NTSX has performed better with a 9.69% return vs 2.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NTSX is cheaper with a 0.20% expense ratio, compared with 0.55% for ELD.
ELD has the higher dividend yield at 5.82%, compared with 1.08% for NTSX.
ELD is categorized as Emerging Markets Bonds, while NTSX is Diversified Portfolio. Their fees differ too: 0.55% for ELD and 0.20% for NTSX.
NTSX currently has the higher Sharpe Ratio (2.06 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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