FLLA vs. ELD
FLLA (Franklin FTSE Latin America ETF) and ELD (WisdomTree Emerging Markets Local Debt Fund) are both exchange-traded funds - FLLA is a Latin America Equities fund tracking the FTSE Latin America RIC Capped Index, while ELD is a Emerging Markets Bonds fund actively managed by WisdomTree. FLLA is passively managed, while ELD is actively managed. Over the past 5 years, FLLA returned 7.79%/yr vs 2.31%/yr for ELD. A 0.55 correlation means they provide meaningful diversification when combined. FLLA charges 0.19%/yr vs 0.55%/yr for ELD.
Performance
FLLA vs. ELD - Performance Comparison
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Returns By Period
In the year-to-date period, FLLA achieves a 12.62% return, which is significantly higher than ELD's 0.74% return.
FLLA
- 1D
- -2.69%
- 1M
- -5.24%
- YTD
- 12.62%
- 6M
- 11.76%
- 1Y
- 35.32%
- 3Y*
- 14.00%
- 5Y*
- 7.79%
- 10Y*
- —
ELD
- 1D
- -0.42%
- 1M
- 0.61%
- YTD
- 0.74%
- 6M
- 1.87%
- 1Y
- 10.72%
- 3Y*
- 7.80%
- 5Y*
- 2.31%
- 10Y*
- 2.86%
FLLA vs. ELD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLLA Franklin FTSE Latin America ETF | 12.62% | 51.81% | -26.89% | 32.71% | 7.78% | -8.93% | -15.08% | 19.59% | -2.78% |
ELD WisdomTree Emerging Markets Local Debt Fund | 0.74% | 21.77% | -4.56% | 14.29% | -9.25% | -9.75% | 1.79% | 12.89% | 4.39% |
Correlation
The correlation between FLLA and ELD is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2018 | 0.55 |
The correlation between FLLA and ELD has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.
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Return for Risk
FLLA vs. ELD — Risk / Return Rank
FLLA
ELD
FLLA vs. ELD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Latin America ETF (FLLA) and WisdomTree Emerging Markets Local Debt Fund (ELD). 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.
| FLLA | ELD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 1.27 | +0.40 |
Sortino ratioReturn per unit of downside risk | 2.24 | 1.90 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.06 | 1.51 | +1.55 |
Martin ratioReturn relative to average drawdown | 8.72 | 5.31 | +3.41 |
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
| FLLA | ELD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.27 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.21 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.12 | +0.11 |
Drawdowns
FLLA vs. ELD - Drawdown Comparison
The maximum FLLA drawdown since its inception was -53.88%, which is greater than ELD's maximum drawdown of -31.92%. Use the drawdown chart below to compare losses from any high point for FLLA and ELD.
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Drawdown Indicators
| FLLA | ELD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.88% | -31.92% | -21.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.59% | -7.15% | -4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -27.76% | -10.89% | -16.87% |
Max Drawdown (5Y)Largest decline over 5 years | -28.32% | -23.56% | -4.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.15% | — |
Current DrawdownCurrent decline from peak | -10.96% | -2.75% | -8.21% |
Average DrawdownAverage peak-to-trough decline | -13.48% | -13.31% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 2.02% | +2.04% |
Volatility
FLLA vs. ELD - Volatility Comparison
Franklin FTSE Latin America ETF (FLLA) has a higher volatility of 6.72% compared to WisdomTree Emerging Markets Local Debt Fund (ELD) at 2.73%. This indicates that FLLA's price experiences larger fluctuations and is considered to be riskier than ELD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLLA | ELD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 2.73% | +3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 18.23% | 7.12% | +11.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.33% | 8.52% | +12.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 10.93% | +11.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.54% | 11.27% | +16.27% |
FLLA vs. ELD - Expense Ratio Comparison
FLLA has a 0.19% expense ratio, which is lower than ELD's 0.55% expense ratio.
Dividends
FLLA vs. ELD - Dividend Comparison
FLLA's dividend yield for the trailing twelve months is around 5.38%, less than ELD's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 5.82% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
FLLA Franklin FTSE Latin America ETF | 5.38% | 6.06% | 7.04% | 5.45% | 9.55% | 7.60% | 2.12% | 3.18% | 0.48% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLLA and ELD have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLLA has higher volatility (6.72%) compared to ELD (2.73%). In terms of maximum drawdown, FLLA dropped -53.88% vs ELD's -31.92%.
On 5-year performance, FLLA leads with 7.79% vs 2.31% for ELD. On fees, FLLA is cheaper at 0.19% per year. On volatility, ELD has been the lower-risk option at 2.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLLA has performed better with a 7.79% return vs 2.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLLA is cheaper with a 0.19% expense ratio, compared with 0.55% for ELD.
ELD has the higher dividend yield at 5.82%, compared with 5.38% for FLLA.
FLLA is categorized as Latin America Equities, while ELD is Emerging Markets Bonds. They also come from different issuers: Franklin Templeton and WisdomTree. Their fees differ too: 0.19% for FLLA and 0.55% for ELD.
FLLA currently has the higher Sharpe Ratio (1.66 vs 1.27), 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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