SPDR Bloomberg Emerging Markets Local Bond ETF (EBND) Performance
EBND total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.3% since Dec 31, 2025
- 1 year
- +3.0% total return
- 5 years
- +1.6% a year
- 10 years
- +1.4% a year
- Since first price
- +1.0% a year since 2011
EBND trailing returns vs AGG, TLT, SPY
| Period | EBND total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.5% | 0.0% | +0.9% | +1.5% | −1.0% |
| 3 months | +1.9% | +0.4% | −0.4% | −1.0% | +3.2% |
| 6 months | +1.0% | −2.0% | −1.5% | −3.8% | +7.8% |
| YTD | +1.3% | −3.1% | −1.0% | −3.4% | +12.3% |
| 1 year | +3.0% | −2.9% | −1.1% | −6.9% | +14.4% |
| 3 years | +26.0%+8.0%/yr | +6.2% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +8.1%+1.6%/yr | −17.3% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +15.2%+1.4%/yr | −26.3% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| 15 years | +14.2%+0.9%/yr | −32.5% | +32.2%+1.9%/yr | +9.9%+0.6%/yr | +696.0%+14.8%/yr |
| Since inceptionFeb 24, 2011 | +17.6%+1.0%/yr | −31.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: EBND vs AGG
From Feb 24, 2011: EBND grew to $11,760, AGG to $14,050.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EBND returns by calendar year
7 of 14 full years positive. Best 2025 (+15.8%), worst 2015 (−13.5%). 2026 is year to date.
EBND annual returns table
| Year | EBND | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +1.3% | −6.6% | −1.0% | −3.4% | +12.3% |
| 2025 | +15.8% | −3.4% | +7.2% | +4.3% | +17.7% |
| 2024 | −2.7% | −7.0% | +1.3% | −8.1% | +24.9% |
| 2023 | +9.0% | −9.2% | +5.7% | +2.8% | +26.2% |
| 2022 | −11.8% | −22.2% | −13.0% | −31.2% | −18.2% |
| 2021 | −9.7% | −11.6% | −1.8% | −4.6% | +28.7% |
| 2020 | +4.5% | −16.0% | +7.5% | +18.2% | +18.3% |
| 2019 | +10.4% | −4.4% | +8.5% | +14.1% | +31.2% |
| 2018 | −6.5% | −14.6% | +0.1% | −1.6% | −4.6% |
| 2017 | +13.9% | −4.4% | +3.6% | +9.2% | +21.7% |
| 2016 | +8.1% | −10.1% | +2.4% | +1.2% | +12.0% |
| 2015 | −13.5% | −15.5% | +0.5% | −1.8% | +1.2% |
| 2014 | −4.3% | −12.0% | +6.0% | +27.3% | +13.5% |
| 2013 | −5.8% | −13.8% | −2.0% | −13.4% | +32.3% |
| 2012 | +14.3% | −7.5% | +3.8% | +2.6% | +16.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
EBND largest drawdowns
Now 1.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 8, 2013 | −29.5% | Oct 24, 2022 | Feb 13, 2026 | 9.5 years | 12.8 years |
| Aug 31, 2011 | −13.5% | Nov 25, 2011 | Oct 1, 2012 | 3 months | 1.1 years |
| Feb 25, 2026 | −6.6% | Mar 30, 2026 | Aug 25, 2026 | 33 days | 6 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
EBND risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2011 |
|---|---|---|---|---|
| Annualized return | +7.2% | +1.2% | +1.2% | +0.9% |
| Volatility (annualized) | 7.9% | 9.9% | 9.7% | 10.1% |
| Sharpe ratio | 0.37 | -0.19 | -0.06 | -0.00 |
| Sortino ratio | 0.54 | -0.26 | -0.08 | -0.00 |
| Best month | +5.9% | +9.1% | +9.1% | +9.1% |
| Worst month | −5.3% | −6.1% | −9.1% | −9.2% |
| Best 12 months | +15.8% | +15.8% | +15.8% | +15.8% |
| Worst 12 months | −2.7% | −21.9% | −21.9% | −21.9% |
| Positive months | 67% | 57% | 57% | 57% |
| Beta vs S&P 500 | 0.35 | 0.40 | 0.36 | — |
| Correlation with S&P 500 | 0.55 | 0.63 | 0.56 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
EBND rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 177 | −21.9% | +2.5% | +15.8% | 58% |
| 3-year (a year) | 153 | −8.6% | +0.5% | +10.1% | 53% |
| 5-year (a year) | 129 | −4.7% | −0.4% | +5.8% | 42% |
| 10-year (a year) | 69 | −2.6% | −0.0% | +2.8% | 48% |
Every holding period starting at a month-end since 2011. Returns for 3 years and longer are annualized.
EBND performance overview
SPDR Bloomberg Emerging Markets Local Bond ETF (EBND) returned +3.0% over the past year and +1.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2011 it has returned +1.0% a year, turning $10,000 into about $11,760. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −29.5%, from May 8, 2013 to Oct 24, 2022, and it took 3.3 years to get back to the old high. EBND finished 7 of its 14 full calendar years with a gain; the best year was 2025 (+15.8%) and the worst 2015 (−13.5%). Volatility has been 10.1% a year.
Related: EBND chart, EBND dividends, EBND bond profile. See the EBND overview for the latest quote and fund facts.
EBND performance FAQ
What is the EBND return over the past year?
EBND returned +3.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 2.9%.
What is the average annual return of EBND?
EBND has returned +1.6% a year over 5 years, +1.4% a year over 10 years, +1.0% a year since February 24, 2011 (total return, distributions reinvested).
How much would $10,000 invested in EBND be worth?
$10,000 invested in EBND at its first recorded close on February 24, 2011 would be worth about $11,760 on October 23, 2026 with distributions reinvested.
What was the worst year for EBND?
The worst calendar year was 2015, with a total return of −13.5%. The best was 2025 at +15.8%.
What is the biggest drawdown of EBND?
The largest peak-to-trough decline was −29.5% between May 8, 2013 and October 24, 2022. It recovered to the old high on February 13, 2026, 3.3 years after the bottom.
How volatile is EBND?
Over the past 3 years EBND had an annualized volatility of 7.9% and a Sharpe ratio of 0.37 (excess return over 1–3 month T-bills per unit of risk).