ESHY vs. EBND
Compare and contrast key facts about Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY) and SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND).
ESHY and EBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ESHY is a passively managed fund by Deutsche Bank that tracks the performance of the JPMorgan ESG DM Corporate High Yield USD Index. It was launched on Mar 3, 2015. EBND is a passively managed fund by State Street that tracks the performance of the Bloomberg Emerging Market Local Currency Government Diversified. It was launched on Feb 23, 2011. Both ESHY and EBND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESHY or EBND.
Key characteristics
| ESHY | EBND |
|---|
Correlation
The correlation between ESHY and EBND is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ESHY vs. EBND - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ESHY vs. EBND - Expense Ratio Comparison
ESHY has a 0.20% expense ratio, which is lower than EBND's 0.30% expense ratio.
Risk-Adjusted Performance
ESHY vs. EBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY) and SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND). 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.
Dividends
ESHY vs. EBND - Dividend Comparison
ESHY has not paid dividends to shareholders, while EBND's dividend yield for the trailing twelve months is around 5.17%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF | 5.90% | 7.07% | 6.39% | 5.31% | 5.88% | 5.85% | 7.55% | 5.68% | 5.31% | 5.25% | 0.00% | 0.00% |
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | 5.17% | 5.27% | 4.60% | 3.83% | 3.67% | 4.68% | 4.70% | 2.00% | 0.00% | 0.00% | 0.24% | 2.31% |
Drawdowns
ESHY vs. EBND - Drawdown Comparison
Volatility
ESHY vs. EBND - Volatility Comparison
The current volatility for Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY) is 0.00%, while SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) has a volatility of 2.52%. This indicates that ESHY experiences smaller price fluctuations and is considered to be less risky than EBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.