EMDL.L vs. REET
EMDL.L (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and REET (iShares Global REIT ETF) are both exchange-traded funds - EMDL.L is a Emerging Markets Bonds fund tracking the JPM GBI-EM Global Diversified TR USD, while REET is a REIT fund tracking the FTSE EPRA/NAREIT Global REIT Index. Both are passively managed. Over the past 10 years, EMDL.L returned 2.73%/yr vs 4.90%/yr for REET. At a 0.36 correlation, their price movements are largely independent. EMDL.L charges 0.55%/yr vs 0.14%/yr for REET.
Performance
EMDL.L vs. REET - Performance Comparison
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Different Trading Currencies
EMDL.L is traded in GBP, while REET is traded in USD. To make them comparable, the REET values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMDL.L achieves a -0.66% return, which is significantly lower than REET's 9.64% return. Over the past 10 years, EMDL.L has underperformed REET with an annualized return of 2.73%, while REET has yielded a comparatively higher 4.90% annualized return.
EMDL.L
- 1D
- 0.02%
- 1M
- 0.48%
- YTD
- -0.66%
- 6M
- -0.55%
- 1Y
- 5.93%
- 3Y*
- 2.66%
- 5Y*
- 1.57%
- 10Y*
- 2.73%
REET
- 1D
- 1.04%
- 1M
- 0.66%
- YTD
- 9.64%
- 6M
- 8.57%
- 1Y
- 14.32%
- 3Y*
- 7.03%
- 5Y*
- 3.54%
- 10Y*
- 4.90%
EMDL.L vs. REET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMDL.L SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | -0.66% | 7.85% | -1.25% | 3.50% | 0.26% | -7.31% | 0.02% | 8.55% | -0.27% | 4.06% |
REET iShares Global REIT ETF | 9.64% | 0.28% | 4.44% | 4.77% | -15.08% | 33.69% | -13.11% | 19.69% | 0.35% | -1.82% |
Correlation
The correlation between EMDL.L and REET is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2014 | 0.36 |
The correlation between EMDL.L and REET shifts across timeframes, from 0.25 (5 years) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMDL.L vs. REET — Risk / Return Rank
EMDL.L
REET
EMDL.L vs. REET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (EMDL.L) and iShares Global REIT ETF (REET). 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.
| EMDL.L | REET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.82 | -0.62 |
| Martin ratioReturn relative to average drawdown | 3.34 | 5.97 | -2.63 |
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
| EMDL.L | REET | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.27 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.23 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.27 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.38 | -0.26 |
Drawdowns
EMDL.L vs. REET - Drawdown Comparison
The maximum EMDL.L drawdown since its inception was -27.54%, smaller than the maximum REET drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for EMDL.L and REET.
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Drawdown Indicators
| EMDL.L | REET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.54% | -38.34% | +10.80% |
Max Drawdown (1Y)Largest decline over 1 year | -4.91% | -7.89% | +2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -4.91% | -17.09% | +12.18% |
Max Drawdown (5Y)Largest decline over 5 years | -8.41% | -26.46% | +18.05% |
Max Drawdown (10Y)Largest decline over 10 years | -16.87% | -38.34% | +21.47% |
Current DrawdownCurrent decline from peak | -3.44% | -1.60% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -9.41% | -9.20% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.41% | -0.64% |
Volatility
EMDL.L vs. REET - Volatility Comparison
The current volatility for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (EMDL.L) is 2.00%, while iShares Global REIT ETF (REET) has a volatility of 3.40%. This indicates that EMDL.L experiences smaller price fluctuations and is considered to be less risky than REET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMDL.L | REET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 3.40% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.52% | 8.48% | -3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.45% | 11.30% | -5.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.22% | 15.33% | -8.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 18.07% | -9.00% |
EMDL.L vs. REET - Expense Ratio Comparison
EMDL.L has a 0.55% expense ratio, which is higher than REET's 0.14% expense ratio.
Dividends
EMDL.L vs. REET - Dividend Comparison
EMDL.L's dividend yield for the trailing twelve months is around 5.09%, more than REET's 3.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMDL.L SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 5.09% | 4.87% | 4.87% | 4.23% | 4.03% | 4.01% | 3.97% | 4.56% | 4.06% | 4.92% | 4.02% | 5.26% |
REET iShares Global REIT ETF | 3.39% | 3.67% | 3.64% | 3.27% | 2.43% | 3.18% | 2.65% | 5.25% | 5.73% | 3.84% | 5.37% | 3.56% |
Frequently Asked Questions
EMDL.L and REET have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, REET is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
REET is cheaper with a 0.14% expense ratio, compared with 0.55% for EMDL.L.
EMDL.L is categorized as Emerging Markets Bonds, while REET is REIT. EMDL.L tracks JPM GBI-EM Global Diversified TR USD, while REET tracks FTSE EPRA/NAREIT Global REIT Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.55% for EMDL.L and 0.14% for REET.
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