EMBD vs SPY
Global X Emerging Markets Bond ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, EMBD or SPY?
Emerging Markets Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EMBD | SPY |
|---|---|---|
| Expense Ratio | 0.39% | 0.09%Best |
| AUM | $247M | $804.7B |
| Dividend Yield | 5.75% | 0.98% |
| Holdings | 226 | 505 |
| YTD Return | +0.82% | +12.09%Best |
| 1Y Return | +3.49% | +16.29%Best |
| 3Y Return (annualized) | +8.96% | +21.20%Best |
| 5Y Return (annualized) | +2.58% | +13.37%Best |
| Volatility (annualized) | 8.8%Best | 15.5% |
| Max Drawdown | -25.0% | -24.5%Best |
| $10,000 over 5 years | $11,358 | $18,728Best |
| Fund Family | Global X by mirae Asset | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Emerging Markets Bond | Large Cap Blend |
| Inception | Jun 1, 2020 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 3, 2020 to Sep 18, 2026 (6.3 years).
EMBD vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.3 years both funds cover.
EMBD vs SPY Performance
Global X Emerging Markets Bond ETF (EMBD) is an ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year EMBD returned +3.49% while SPY returned +16.29%. Year to date, EMBD is up 0.82% versus a gain of 12.09% for SPY.
Over three years, EMBD compounded at +8.96% per year against +21.20% for SPY; over five years the annualized figures are +2.58% and +13.37% respectively. Across the full 6-year window we track, SPY has the edge at +16.60% annualized vs +3.12%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 8.8% for EMBD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -25.0% for EMBD and -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EMBD charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, EMBD currently yields 5.75% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in EMBD and 504 in SPY, totalling 0.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in EMBD and 504 in SPY, against full books of 226 and 505.
You are not choosing between two funds in isolation.
Whichever of EMBD and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EMBD or SPY?
EMBD has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, EMBD or SPY?
Over the past year EMBD returned +3.49% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), EMBD annualized +3.12% vs +16.60% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EMBD or SPY?
SPY has been the more volatile fund at 15.5% annualized versus 8.8% for EMBD. Worst drawdown: EMBD -25.0% vs SPY -24.5%.
Should I hold both EMBD and SPY?
EMBD and SPY have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EMBD or SPY?
EMBD yields 5.75% while SPY yields 0.98%, so EMBD currently pays the higher dividend yield.
Is SPY better than EMBD?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.