EMTL vs. BREM
EMTL (SPDR DoubleLine Emerging Markets Fixed Income ETF) and BREM (iShares Emerging Markets Bond Active ETF) are both Emerging Markets Bonds funds. Both are actively managed. A 0.65 correlation means they provide meaningful diversification when combined. EMTL charges 0.65%/yr vs 0.50%/yr for BREM.
Performance
EMTL vs. BREM - Performance Comparison
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Returns By Period
In the year-to-date period, EMTL achieves a 0.74% return, which is significantly lower than BREM's 3.26% return.
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%
BREM
- 1D
- -0.21%
- 1M
- 1.16%
- YTD
- 3.26%
- 6M
- 3.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMTL vs. BREM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | 0.74% | 0.98% |
BREM iShares Emerging Markets Bond Active ETF | 3.26% | 2.74% |
Correlation
The correlation between EMTL and BREM is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 17, 2025 | 0.65 |
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Return for Risk
EMTL vs. BREM — Risk / Return Rank
EMTL
BREM
EMTL vs. BREM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) and iShares Emerging Markets Bond Active ETF (BREM). 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.
| EMTL | BREM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.51 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | — | — |
| Martin ratioReturn relative to average drawdown | 10.06 | — | — |
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
| EMTL | BREM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.75 | -1.01 |
Drawdowns
EMTL vs. BREM - Drawdown Comparison
The maximum EMTL drawdown since its inception was -22.91%, which is greater than BREM's maximum drawdown of -4.54%. Use the drawdown chart below to compare losses from any high point for EMTL and BREM.
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Drawdown Indicators
| EMTL | BREM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.91% | -4.54% | -18.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.91% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.21% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -0.67% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | — | — |
Volatility
EMTL vs. BREM - Volatility Comparison
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Volatility by Period
| EMTL | BREM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.22% | 5.70% | -3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 5.70% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 5.70% | -1.03% |
EMTL vs. BREM - Expense Ratio Comparison
EMTL has a 0.65% expense ratio, which is higher than BREM's 0.50% expense ratio.
Dividends
EMTL vs. BREM - Dividend Comparison
EMTL's dividend yield for the trailing twelve months is around 4.95%, more than BREM's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BREM iShares Emerging Markets Bond Active ETF | 3.91% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
EMTL and BREM have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BREM is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BREM is cheaper with a 0.50% expense ratio, compared with 0.65% for EMTL.
EMTL has the higher dividend yield at 4.95%, compared with 3.91% for BREM.
They also come from different issuers: State Street and BlackRock. Their fees differ too: 0.65% for EMTL and 0.50% for BREM.
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