WIP vs. ELD
Compare and contrast key facts about SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) and WisdomTree Emerging Markets Local Debt Fund (ELD).
WIP and ELD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WIP is a passively managed fund by State Street that tracks the performance of the FTSE International Inflation-Linked Securities Select (USD). It was launched on Mar 13, 2008. ELD is an actively managed fund by WisdomTree. It was launched on Aug 9, 2010.
Performance
WIP vs. ELD - Performance Comparison
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WIP vs. ELD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 1.75% | 15.18% | -8.71% | 8.84% | -15.54% | -4.15% | 8.37% | 8.62% | -5.97% | 12.73% |
ELD WisdomTree Emerging Markets Local Debt Fund | -1.49% | 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, WIP achieves a 1.75% return, which is significantly higher than ELD's -1.49% return. Over the past 10 years, WIP has underperformed ELD with an annualized return of 1.36%, while ELD has yielded a comparatively higher 2.58% annualized return.
WIP
- 1D
- 0.73%
- 1M
- -2.02%
- YTD
- 1.75%
- 6M
- 3.52%
- 1Y
- 11.92%
- 3Y*
- 3.21%
- 5Y*
- -0.22%
- 10Y*
- 1.36%
ELD
- 1D
- 1.87%
- 1M
- -3.40%
- YTD
- -1.49%
- 6M
- 1.35%
- 1Y
- 13.92%
- 3Y*
- 7.23%
- 5Y*
- 2.73%
- 10Y*
- 2.58%
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WIP vs. ELD - Expense Ratio Comparison
WIP has a 0.50% expense ratio, which is lower than ELD's 0.55% expense ratio.
Return for Risk
WIP vs. ELD — Risk / Return Rank
WIP
ELD
WIP vs. ELD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) 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.
| WIP | ELD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.47 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.72 | 2.14 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.40 | 1.70 | +0.70 |
Martin ratioReturn relative to average drawdown | 7.08 | 7.32 | -0.24 |
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
| WIP | ELD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.47 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.25 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | 0.23 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.11 | 0.00 |
Correlation
The correlation between WIP and ELD is 0.59, 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
WIP vs. ELD - Dividend Comparison
WIP's dividend yield for the trailing twelve months is around 5.32%, less than ELD's 5.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 5.32% | 5.51% | 6.06% | 6.54% | 11.15% | 4.63% | 1.59% | 2.49% | 4.05% | 1.91% | 1.27% | 1.14% |
ELD WisdomTree Emerging Markets Local Debt Fund | 5.75% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
Drawdowns
WIP vs. ELD - Drawdown Comparison
The maximum WIP drawdown since its inception was -29.60%, smaller than the maximum ELD drawdown of -31.92%. Use the drawdown chart below to compare losses from any high point for WIP and ELD.
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Drawdown Indicators
| WIP | ELD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.60% | -31.92% | +2.32% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -7.15% | +1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -28.84% | -23.56% | -5.28% |
Max Drawdown (10Y)Largest decline over 10 years | -28.84% | -25.15% | -3.69% |
Current DrawdownCurrent decline from peak | -6.22% | -4.90% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -8.62% | -13.43% | +4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.66% | +0.09% |
Volatility
WIP vs. ELD - Volatility Comparison
SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) and WisdomTree Emerging Markets Local Debt Fund (ELD) have volatilities of 4.25% and 4.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WIP | ELD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 4.33% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 6.05% | 6.20% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.51% | 9.62% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.39% | 10.86% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.12% | 11.28% | -1.16% |