Global X Emerging Markets Bond ETF (EMBD) Performance
EMBD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.6% since Dec 31, 2025
- 1 year
- +1.3% total return
- 5 years
- +2.7% a year
- Since first price
- +3.5% a year since 2020
EMBD trailing returns vs SPY, QQQ, AGG
| Period | EMBD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.2% | −0.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.6% | −3.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.6% | −4.4% | +7.8% | +8.4% | −1.5% |
| YTD | −0.6% | −4.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +1.3% | −4.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +32.8%+9.9%/yr | +11.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +14.3%+2.7%/yr | −13.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJun 3, 2020 | +24.6%+3.5%/yr | −11.2% | — | — | — |
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: EMBD vs SPY
From Jun 3, 2020: EMBD grew to $12,462, SPY to $26,617.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EMBD returns by calendar year
3 of 5 full years positive. Best 2025 (+12.6%), worst 2022 (−13.8%). 2026 is year to date.
EMBD annual returns table
| Year | EMBD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −0.6% | −4.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +12.6% | −3.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +6.8% | −3.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +10.6% | −7.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −13.8% | −21.9% | −18.2% | −32.6% | −13.0% |
| 2021 | −1.8% | −5.1% | +28.7% | +27.4% | −1.8% |
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.
EMBD largest drawdowns
Now 2.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 14, 2021 | −24.3% | Oct 20, 2022 | Sep 11, 2024 | 1.1 years | 3.0 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EMBD risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +9.0% | +2.3% | +3.1% |
| Volatility (annualized) | 6.3% | 9.5% | 8.9% |
| Sharpe ratio | 0.71 | -0.10 | 0.07 |
| Sortino ratio | 1.14 | -0.13 | 0.10 |
| Best month | +5.5% | +9.7% | +9.7% |
| Worst month | −3.7% | −6.8% | −6.8% |
| Best 12 months | +19.6% | +19.6% | +19.6% |
| Worst 12 months | +0.4% | −21.1% | −21.1% |
| Positive months | 75% | 62% | 63% |
| Beta vs S&P 500 | 0.35 | 0.48 | — |
| Correlation with S&P 500 | 0.68 | 0.78 | — |
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.
EMBD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 65 | −21.1% | +7.1% | +19.6% | 72% |
| 3-year (a year) | 41 | −3.3% | +3.7% | +12.6% | 63% |
| 5-year (a year) | 17 | +2.3% | +2.9% | +3.5% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
EMBD performance overview
Global X Emerging Markets Bond ETF (EMBD) returned +1.3% over the past year and +2.7% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +3.5% a year, turning $10,000 into about $12,462. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −24.3%, from Sep 14, 2021 to Oct 20, 2022, and it took 1.9 years to get back to the old high. EMBD finished 3 of its 5 full calendar years with a gain; the best year was 2025 (+12.6%) and the worst 2022 (−13.8%). Volatility has been 8.9% a year.
Related: EMBD chart, EMBD dividends. See the EMBD overview for the latest quote and fund facts.
EMBD performance FAQ
What is the EMBD return over the past year?
EMBD returned +1.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.4%.
What is the average annual return of EMBD?
EMBD has returned +2.7% a year over 5 years, +3.5% a year since June 3, 2020 (total return, distributions reinvested).
How much would $10,000 invested in EMBD be worth?
$10,000 invested in EMBD at its first recorded close on June 3, 2020 would be worth about $12,462 on October 23, 2026 with distributions reinvested.
What was the worst year for EMBD?
The worst calendar year was 2022, with a total return of −13.8%. The best was 2025 at +12.6%.
What is the biggest drawdown of EMBD?
The largest peak-to-trough decline was −24.3% between September 14, 2021 and October 20, 2022. It recovered to the old high on September 11, 2024, 1.9 years after the bottom.
How volatile is EMBD?
Over the past 3 years EMBD had an annualized volatility of 6.3% and a Sharpe ratio of 0.71 (excess return over 1–3 month T-bills per unit of risk).