LEMB vs. ELD
Compare and contrast key facts about iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) and WisdomTree Emerging Markets Local Debt Fund (ELD).
LEMB and ELD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LEMB is a passively managed fund by iShares that tracks the performance of the J.P. Morgan GBI-EM Global 15 cap 4.5 floor. It was launched on Oct 18, 2011. ELD is an actively managed fund by WisdomTree. It was launched on Aug 9, 2010.
Performance
LEMB vs. ELD - Performance Comparison
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LEMB vs. ELD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | -1.85% | 18.02% | -1.72% | 7.23% | -10.74% | -9.92% | 3.10% | 6.40% | -7.49% | 12.49% |
ELD WisdomTree Emerging Markets Local Debt Fund | -3.30% | 21.77% | -4.56% | 14.29% | -9.25% | -9.75% | 1.79% | 12.89% | -7.53% | 12.72% |
Returns By Period
In the year-to-date period, LEMB achieves a -1.85% return, which is significantly higher than ELD's -3.30% return. Over the past 10 years, LEMB has underperformed ELD with an annualized return of 1.00%, while ELD has yielded a comparatively higher 2.39% annualized return.
LEMB
- 1D
- 0.94%
- 1M
- -5.03%
- YTD
- -1.85%
- 6M
- 1.44%
- 1Y
- 11.60%
- 3Y*
- 5.53%
- 5Y*
- 0.81%
- 10Y*
- 1.00%
ELD
- 1D
- 0.47%
- 1M
- -6.54%
- YTD
- -3.30%
- 6M
- -0.28%
- 1Y
- 10.08%
- 3Y*
- 6.57%
- 5Y*
- 2.35%
- 10Y*
- 2.39%
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LEMB vs. ELD - Expense Ratio Comparison
LEMB has a 0.30% expense ratio, which is lower than ELD's 0.55% expense ratio.
Return for Risk
LEMB vs. ELD — Risk / Return Rank
LEMB
ELD
LEMB vs. ELD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) 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.
| LEMB | ELD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 1.07 | +0.63 |
Sortino ratioReturn per unit of downside risk | 2.29 | 1.55 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.21 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.73 | +0.26 |
Martin ratioReturn relative to average drawdown | 8.51 | 7.27 | +1.24 |
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
| LEMB | ELD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.07 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.22 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 0.21 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.10 | -0.07 |
Correlation
The correlation between LEMB and ELD is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LEMB vs. ELD - Dividend Comparison
LEMB's dividend yield for the trailing twelve months is around 2.49%, less than ELD's 5.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | 2.49% | 2.44% | 0.00% | 1.34% | 0.86% | 3.89% | 0.00% | 4.39% | 3.46% | 0.00% | 0.00% | 0.64% |
ELD WisdomTree Emerging Markets Local Debt Fund | 5.86% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
Drawdowns
LEMB vs. ELD - Drawdown Comparison
The maximum LEMB drawdown since its inception was -30.82%, roughly equal to the maximum ELD drawdown of -31.92%. Use the drawdown chart below to compare losses from any high point for LEMB and ELD.
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Drawdown Indicators
| LEMB | ELD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.82% | -31.92% | +1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -7.15% | +1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -25.29% | -23.56% | -1.73% |
Max Drawdown (10Y)Largest decline over 10 years | -29.09% | -25.15% | -3.94% |
Current DrawdownCurrent decline from peak | -7.73% | -6.64% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -12.83% | -13.43% | +0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 1.70% | -0.30% |
Volatility
LEMB vs. ELD - Volatility Comparison
The current volatility for iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) is 3.56%, while WisdomTree Emerging Markets Local Debt Fund (ELD) has a volatility of 4.06%. This indicates that LEMB experiences smaller price fluctuations and is considered to be less risky 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
| LEMB | ELD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 4.06% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 4.71% | 5.92% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 9.66% | -2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 10.83% | -2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.33% | 11.27% | -1.94% |