EMBD vs. EMTL
EMBD (Global X Emerging Markets Bond ETF) and EMTL (SPDR DoubleLine Emerging Markets Fixed Income ETF) are both Emerging Markets Bonds funds. Both are actively managed. Over the past 5 years, EMBD returned 2.87%/yr vs 1.79%/yr for EMTL. A 0.62 correlation means they provide meaningful diversification when combined. EMBD charges 0.39%/yr vs 0.65%/yr for EMTL.
Performance
EMBD vs. EMTL - Performance Comparison
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Returns By Period
In the year-to-date period, EMBD achieves a 1.27% return, which is significantly higher than EMTL's 0.74% return.
EMBD
- 1D
- -0.38%
- 1M
- 0.94%
- YTD
- 1.27%
- 6M
- 2.05%
- 1Y
- 10.34%
- 3Y*
- 9.44%
- 5Y*
- 2.87%
- 10Y*
- —
EMTL
- 1D
- -0.09%
- 1M
- 0.49%
- YTD
- 0.74%
- 6M
- 0.89%
- 1Y
- 5.61%
- 3Y*
- 7.09%
- 5Y*
- 1.79%
- 10Y*
- 3.38%
EMBD vs. EMTL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMBD Global X Emerging Markets Bond ETF | 1.27% | 12.55% | 6.76% | 10.60% | -13.84% | -1.84% | 11.53% |
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | 0.74% | 8.27% | 5.86% | 9.60% | -14.31% | 0.56% | 7.47% |
Correlation
The correlation between EMBD and EMTL 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 (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.62 |
The correlation between EMBD and EMTL shifts across timeframes, from 0.52 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMBD vs. EMTL — Risk / Return Rank
EMBD
EMTL
EMBD vs. EMTL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets Bond ETF (EMBD) and SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL). 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.
| EMBD | EMTL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.51 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.82 | -0.36 |
| Martin ratioReturn relative to average drawdown | 9.52 | 10.06 | -0.54 |
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
| EMBD | EMTL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 2.54 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.37 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.74 | -0.28 |
Drawdowns
EMBD vs. EMTL - Drawdown Comparison
The maximum EMBD drawdown since its inception was -24.27%, which is greater than EMTL's maximum drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for EMBD and EMTL.
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Drawdown Indicators
| EMBD | EMTL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.27% | -22.91% | -1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.23% | -2.00% | -2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -7.03% | -3.79% | -3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -24.27% | -22.91% | -1.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.91% | — |
Current DrawdownCurrent decline from peak | -0.50% | -0.09% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -3.83% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.56% | +0.53% |
Volatility
EMBD vs. EMTL - Volatility Comparison
Global X Emerging Markets Bond ETF (EMBD) has a higher volatility of 1.62% compared to SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) at 0.67%. This indicates that EMBD's price experiences larger fluctuations and is considered to be riskier than EMTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMBD | EMTL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 0.67% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 4.16% | 1.65% | +2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.00% | 2.22% | +3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.17% | 4.88% | +4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.89% | 4.67% | +4.22% |
EMBD vs. EMTL - Expense Ratio Comparison
EMBD has a 0.39% expense ratio, which is lower than EMTL's 0.65% expense ratio.
Dividends
EMBD vs. EMTL - Dividend Comparison
EMBD's dividend yield for the trailing twelve months is around 5.69%, more than EMTL's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMBD Global X Emerging Markets Bond ETF | 5.69% | 5.48% | 5.83% | 5.29% | 4.53% | 4.99% | 3.34% | 0.00% | 0.00% | 0.00% | 0.00% |
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | 4.95% | 5.09% | 5.34% | 4.78% | 4.19% | 5.43% | 3.28% | 3.96% | 3.35% | 4.16% | 8.87% |
Frequently Asked Questions
EMBD and EMTL 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.
EMBD has higher volatility (1.62%) compared to EMTL (0.67%). In terms of maximum drawdown, EMBD dropped -24.27% vs EMTL's -22.91%.
On 5-year performance, EMBD leads with 2.87% vs 1.79% for EMTL. On fees, EMBD is cheaper at 0.39% per year. On volatility, EMTL has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EMBD has performed better with a 2.87% return vs 1.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMBD is cheaper with a 0.39% expense ratio, compared with 0.65% for EMTL.
EMBD has the higher dividend yield at 5.69%, compared with 4.95% for EMTL.
They also come from different issuers: Global X and State Street. Their fees differ too: 0.39% for EMBD and 0.65% for EMTL.
EMTL currently has the higher Sharpe Ratio (2.54 vs 1.73), 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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