EMLP.L vs. EMDL.L
EMLP.L (PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc) and EMDL.L (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) are both Emerging Markets Bonds funds tracking the JPM GBI-EM Global Diversified TR USD, from PIMCO and State Street respectively. Both are passively managed. Over the past 10 years, EMLP.L returned 3.99%/yr vs 2.73%/yr for EMDL.L. Their correlation of 0.83 suggests significant overlap in exposure. EMLP.L charges 0.61%/yr vs 0.55%/yr for EMDL.L.
Performance
EMLP.L vs. EMDL.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMLP.L achieves a 1.51% return, which is significantly higher than EMDL.L's -0.66% return. Over the past 10 years, EMLP.L has outperformed EMDL.L with an annualized return of 3.99%, while EMDL.L has yielded a comparatively lower 2.73% annualized return.
EMLP.L
- 1D
- -0.16%
- 1M
- 0.73%
- YTD
- 1.51%
- 6M
- 1.14%
- 1Y
- 9.68%
- 3Y*
- 3.69%
- 5Y*
- 4.40%
- 10Y*
- 3.99%
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%
EMLP.L vs. EMDL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMLP.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc | 1.51% | 9.10% | -1.68% | 7.52% | 5.55% | -4.33% | -1.55% | 9.55% | -1.46% | 2.43% |
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% |
Correlation
The correlation between EMLP.L and EMDL.L is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2013 | 0.83 |
The correlation between EMLP.L and EMDL.L shifts across timeframes, from 0.73 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMLP.L vs. EMDL.L — Risk / Return Rank
EMLP.L
EMDL.L
EMLP.L vs. EMDL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc (EMLP.L) and SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (EMDL.L). 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.
| EMLP.L | EMDL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.20 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 1.20 | +1.04 |
| Martin ratioReturn relative to average drawdown | 6.49 | 3.34 | +3.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EMLP.L | EMDL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 1.08 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.22 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.30 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.12 | +0.20 |
Drawdowns
EMLP.L vs. EMDL.L - Drawdown Comparison
The maximum EMLP.L drawdown since its inception was -20.02%, smaller than the maximum EMDL.L drawdown of -27.54%. Use the drawdown chart below to compare losses from any high point for EMLP.L and EMDL.L.
Loading charts...
Drawdown Indicators
| EMLP.L | EMDL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.02% | -27.54% | +7.52% |
Max Drawdown (1Y)Largest decline over 1 year | -4.29% | -4.91% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -4.90% | -4.91% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -11.25% | -8.41% | -2.84% |
Max Drawdown (10Y)Largest decline over 10 years | -19.12% | -16.87% | -2.25% |
Current DrawdownCurrent decline from peak | -2.33% | -3.44% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -6.09% | -9.41% | +3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.77% | -0.28% |
Volatility
EMLP.L vs. EMDL.L - Volatility Comparison
The current volatility for PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc (EMLP.L) is 1.50%, while SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (EMDL.L) has a volatility of 2.00%. This indicates that EMLP.L experiences smaller price fluctuations and is considered to be less risky than EMDL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMLP.L | EMDL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 2.00% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 4.23% | 4.52% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.40% | 5.45% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.09% | 7.22% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.52% | 9.07% | +0.45% |
EMLP.L vs. EMDL.L - Expense Ratio Comparison
EMLP.L has a 0.61% expense ratio, which is higher than EMDL.L's 0.55% expense ratio.
Dividends
EMLP.L vs. EMDL.L - Dividend Comparison
EMLP.L has not paid dividends to shareholders, while EMDL.L's dividend yield for the trailing twelve months is around 5.09%.
| 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% |
EMLP.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMLP.L and EMDL.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMDL.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMDL.L is cheaper with a 0.55% expense ratio, compared with 0.61% for EMLP.L.
Both ETFs track JPM GBI-EM Global Diversified TR USD. They also come from different issuers: PIMCO and State Street. Their fees differ too: 0.61% for EMLP.L and 0.55% for EMDL.L.
Find the right allocation for EMLP.L and EMDL.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer