EMTL vs. EMBD
Compare and contrast key facts about SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) and Global X Emerging Markets Bond ETF (EMBD).
EMTL and EMBD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMTL is an actively managed fund by State Street. It was launched on Apr 13, 2016. EMBD is an actively managed fund by Global X. It was launched on Jun 1, 2020.
Performance
EMTL vs. EMBD - Performance Comparison
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EMTL vs. EMBD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | -0.98% | 8.27% | 5.86% | 9.60% | -14.31% | 0.56% | 7.47% |
EMBD Global X Emerging Markets Bond ETF | -1.48% | 12.55% | 6.76% | 10.60% | -13.84% | -1.84% | 11.53% |
Returns By Period
In the year-to-date period, EMTL achieves a -0.98% return, which is significantly higher than EMBD's -1.48% return.
EMTL
- 1D
- 0.26%
- 1M
- -1.43%
- YTD
- -0.98%
- 6M
- -0.70%
- 1Y
- 3.82%
- 3Y*
- 6.67%
- 5Y*
- 1.62%
- 10Y*
- —
EMBD
- 1D
- 1.08%
- 1M
- -3.00%
- YTD
- -1.48%
- 6M
- 1.30%
- 1Y
- 8.59%
- 3Y*
- 8.39%
- 5Y*
- 2.83%
- 10Y*
- —
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EMTL vs. EMBD - Expense Ratio Comparison
EMTL has a 0.65% expense ratio, which is higher than EMBD's 0.39% expense ratio.
Return for Risk
EMTL vs. EMBD — Risk / Return Rank
EMTL
EMBD
EMTL vs. EMBD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) and Global X Emerging Markets Bond ETF (EMBD). 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 | EMBD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.33 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.81 | 1.85 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.24 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.03 | -0.16 |
Martin ratioReturn relative to average drawdown | 5.99 | 8.31 | -2.32 |
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 | EMBD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.33 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.31 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.41 | +0.30 |
Correlation
The correlation between EMTL and EMBD is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EMTL vs. EMBD - Dividend Comparison
EMTL's dividend yield for the trailing twelve months is around 5.09%, less than EMBD's 5.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | 5.09% | 5.09% | 5.34% | 4.78% | 4.19% | 5.43% | 3.28% | 3.96% | 3.35% | 4.16% | 8.87% |
EMBD Global X Emerging Markets Bond ETF | 5.74% | 5.48% | 5.83% | 5.29% | 4.53% | 4.99% | 3.34% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EMTL vs. EMBD - Drawdown Comparison
The maximum EMTL drawdown since its inception was -22.91%, smaller than the maximum EMBD drawdown of -24.27%. Use the drawdown chart below to compare losses from any high point for EMTL and EMBD.
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Drawdown Indicators
| EMTL | EMBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.91% | -24.27% | +1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.15% | -4.23% | +2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -24.27% | +1.36% |
Current DrawdownCurrent decline from peak | -1.61% | -3.20% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -6.02% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.03% | -0.36% |
Volatility
EMTL vs. EMBD - Volatility Comparison
The current volatility for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) is 0.91%, while Global X Emerging Markets Bond ETF (EMBD) has a volatility of 2.56%. This indicates that EMTL experiences smaller price fluctuations and is considered to be less risky than EMBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMTL | EMBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 2.56% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 1.69% | 4.28% | -2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.84% | 6.51% | -3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 9.14% | -4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 8.96% | -4.28% |