ELD vs. VWOB
Compare and contrast key facts about WisdomTree Emerging Markets Local Debt Fund (ELD) and Vanguard Emerging Markets Government Bond ETF (VWOB).
ELD and VWOB 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. VWOB is a passively managed fund by Vanguard that tracks the performance of the Barclays USD Emerging Markets Government RIC Capped Index. It was launched on May 31, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ELD or VWOB.
Key characteristics
| ELD | VWOB | |
|---|---|---|
| YTD Return | -2.41% | 5.76% |
| 1Y Return | 3.38% | 14.53% |
| 3Y Return (Ann) | -0.48% | -1.31% |
| 5Y Return (Ann) | -0.83% | 0.62% |
| 10Y Return (Ann) | -0.09% | 2.78% |
| Sharpe Ratio | 0.31 | 2.06 |
| Sortino Ratio | 0.53 | 3.05 |
| Omega Ratio | 1.06 | 1.38 |
| Calmar Ratio | 0.19 | 0.84 |
| Martin Ratio | 1.48 | 11.32 |
| Ulcer Index | 2.33% | 1.34% |
| Daily Std Dev | 11.00% | 7.35% |
| Max Drawdown | -31.92% | -26.97% |
| Current Drawdown | -15.10% | -5.41% |
Correlation
The correlation between ELD and VWOB is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ELD vs. VWOB - Performance Comparison
In the year-to-date period, ELD achieves a -2.41% return, which is significantly lower than VWOB's 5.76% return. Over the past 10 years, ELD has underperformed VWOB with an annualized return of -0.09%, while VWOB has yielded a comparatively higher 2.78% 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. VWOB - Expense Ratio Comparison
ELD has a 0.55% expense ratio, which is higher than VWOB's 0.20% expense ratio.
Risk-Adjusted Performance
ELD vs. VWOB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Local Debt Fund (ELD) and Vanguard Emerging Markets Government Bond ETF (VWOB). 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. VWOB - Dividend Comparison
ELD's dividend yield for the trailing twelve months is around 5.53%, less than VWOB's 5.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 5.53% | 4.85% | 5.29% | 4.99% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% | 4.33% | 3.90% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.87% | 5.50% | 5.31% | 4.04% | 4.18% | 4.58% | 4.53% | 4.61% | 4.71% | 4.93% | 4.49% | 2.39% |
Drawdowns
ELD vs. VWOB - Drawdown Comparison
The maximum ELD drawdown since its inception was -31.92%, which is greater than VWOB's maximum drawdown of -26.97%. Use the drawdown chart below to compare losses from any high point for ELD and VWOB. For additional features, visit the drawdowns tool.
Volatility
ELD vs. VWOB - Volatility Comparison
WisdomTree Emerging Markets Local Debt Fund (ELD) has a higher volatility of 2.50% compared to Vanguard Emerging Markets Government Bond ETF (VWOB) at 1.63%. This indicates that ELD's price experiences larger fluctuations and is considered to be riskier than VWOB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.