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EMTL vs. DIA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EMTL vs. DIA

Last updated Jun 4, 2026

EMTL (SPDR DoubleLine Emerging Markets Fixed Income ETF) and DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) are both exchange-traded funds - EMTL is a Emerging Markets Bonds fund actively managed by State Street, while DIA is a Large Cap Blend Equities fund tracking the Dow Jones Industrial Average. EMTL is actively managed, while DIA is passively managed. Over the past 10 years, EMTL returned 3.38%/yr vs 13.21%/yr for DIA. At a 0.26 correlation, their price movements are largely independent. EMTL charges 0.65%/yr vs 0.16%/yr for DIA.

Performance

EMTL vs. DIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) and State Street SPDR Dow Jones Industrial Average ETF Trust (DIA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EMTL achieves a 0.74% return, which is significantly lower than DIA's 6.26% return. Over the past 10 years, EMTL has underperformed DIA with an annualized return of 3.38%, while DIA has yielded a comparatively higher 13.21% annualized 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%

DIA

1D
-1.13%
1M
3.88%
YTD
6.26%
6M
6.75%
1Y
21.13%
3Y*
16.45%
5Y*
9.76%
10Y*
13.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EMTL vs. DIA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EMTL
SPDR DoubleLine Emerging Markets Fixed Income ETF		0.74%8.27%5.86%9.60%-14.31%0.56%3.48%11.99%-2.37%7.59%
DIA
State Street SPDR Dow Jones Industrial Average ETF Trust		6.26%14.71%14.82%16.02%-7.02%20.83%9.59%24.70%-3.74%28.08%

Correlation

The correlation between EMTL and DIA is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.43

Correlation (5Y)
Calculated over the trailing 5-year period

0.36

Correlation (10Y)
Calculated over the trailing 10-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Apr 15, 2016

0.26

The correlation between EMTL and DIA shifts across timeframes, from 0.26 (all time) to 0.44 (1 year), 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.

SPDR DoubleLine Emerging Markets Fixed Income ETF

State Street SPDR Dow Jones Industrial Average ETF Trust

Often compared with EMTL:
EMTL vs. EMCBEMTL vs. EMBEMTL vs. EVSDEMTL vs. GABFEMTL vs. EMLCEMTL vs. QQQEMTL vs. SGOV
Often compared with DIA:
DIA vs. QQQDIA vs. SPYDIA vs. VOODIA vs. DJDDIA vs. SCHDDIA vs. IYYDIA vs. ^DJI

Return for Risk

EMTL vs. DIA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMTL
EMTL Risk / Return Rank: 7272
Overall Rank
EMTL Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
EMTL Sortino Ratio Rank: 8484
Sortino Ratio Rank
EMTL Omega Ratio Rank: 8484
Omega Ratio Rank
EMTL Calmar Ratio Rank: 5757
Calmar Ratio Rank
EMTL Martin Ratio Rank: 5858
Martin Ratio Rank
DIA
DIA Risk / Return Rank: 4848
Overall Rank
DIA Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
DIA Sortino Ratio Rank: 5252
Sortino Ratio Rank
DIA Omega Ratio Rank: 4949
Omega Ratio Rank
DIA Calmar Ratio Rank: 4343
Calmar Ratio Rank
DIA Martin Ratio Rank: 4949
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMTL vs. DIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) and State Street SPDR Dow Jones Industrial Average ETF Trust (DIA). 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.

EMTLDIADifference

Sharpe ratio

Return per unit of total volatility

2.54

1.76

+0.78

Sortino ratio

Return per unit of downside risk

3.76

2.57

+1.19

Omega ratio

Gain probability vs. loss probability

1.51

1.31

+0.20

Calmar ratio

Return relative to maximum drawdown

2.82

2.18

+0.64

Martin ratio

Return relative to average drawdown

10.06

8.42

+1.64

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMTL vs. DIA - Sharpe Ratio Comparison

The current EMTL Sharpe Ratio is 2.54, which is higher than the DIA Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of EMTL and DIA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EMTLDIADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.54

1.76

+0.78

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.37

0.66

-0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

0.76

-0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.49

+0.25

Drawdowns

EMTL vs. DIA - Drawdown Comparison

The maximum EMTL drawdown since its inception was -22.91%, smaller than the maximum DIA drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for EMTL and DIA.

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Drawdown Indicators

EMTLDIADifference

Max Drawdown

Largest peak-to-trough decline

-22.91%

-51.87%

+28.96%

Max Drawdown (1Y)

Largest decline over 1 year

-2.00%

-9.76%

+7.76%

Max Drawdown (3Y)

Largest decline over 3 years

-3.79%

-15.95%

+12.16%

Max Drawdown (5Y)

Largest decline over 5 years

-22.91%

-20.76%

-2.15%

Max Drawdown (10Y)

Largest decline over 10 years

-22.91%

-36.70%

+13.79%

Current Drawdown

Current decline from peak

-0.09%

-1.13%

+1.04%

Average Drawdown

Average peak-to-trough decline

-3.83%

-7.14%

+3.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.56%

2.52%

-1.96%

Volatility

EMTL vs. DIA - Volatility Comparison

The current volatility for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) is 0.67%, while State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) has a volatility of 2.97%. This indicates that EMTL experiences smaller price fluctuations and is considered to be less risky than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EMTLDIADifference

Volatility (1M)

Calculated over the trailing 1-month period

0.67%

2.97%

-2.30%

Volatility (6M)

Calculated over the trailing 6-month period

1.65%

9.28%

-7.63%

Volatility (1Y)

Calculated over the trailing 1-year period

2.22%

12.10%

-9.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.88%

14.78%

-9.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.67%

17.53%

-12.86%

EMTL vs. DIA - Expense Ratio Comparison

EMTL has a 0.65% expense ratio, which is higher than DIA's 0.16% expense ratio.

Dividends

EMTL vs. DIA - Dividend Comparison

EMTL's dividend yield for the trailing twelve months is around 4.95%, more than DIA's 1.38% yield.

PositionTTM20252024202320222021202020192018201720162015
DIA
State Street SPDR Dow Jones Industrial Average ETF Trust		1.38%1.43%1.61%1.81%1.91%1.58%1.87%1.85%2.24%1.97%2.26%2.33%
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%0.00%

Frequently Asked Questions

EMTL and DIA have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DIA has higher volatility (2.97%) compared to EMTL (0.67%). In terms of maximum drawdown, EMTL dropped -22.91% vs DIA's -51.87%.

On 10-year performance, DIA leads with 13.21% vs 3.38% for EMTL. On fees, DIA is cheaper at 0.16% 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 10-year period, DIA has performed better with a 13.21% return vs 3.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DIA is cheaper with a 0.16% expense ratio, compared with 0.65% for EMTL.

EMTL has the higher dividend yield at 4.95%, compared with 1.38% for DIA.

EMTL is categorized as Emerging Markets Bonds, while DIA is Large Cap Blend Equities. Their fees differ too: 0.65% for EMTL and 0.16% for DIA.

EMTL currently has the higher Sharpe Ratio (2.54 vs 1.76), 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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