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ETFs

WisdomTree Emerging Markets Local Debt Fund

ELD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 09 2010
Expense Ratio
0.55%
Type
Global Ex. US Bonds
Fund Owner
Wisdom Tree
Volume (1m avg. daily)
$453,850
AUM
$103,859,477
Associated Index
JP Morgan GBI-EM Global Diversified Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Citi Triparty Repo WisdomTree
7.89%
n/a
Letra Tesouro Nacional 1/1/2024
2.19%
n/a
Yuan Renminbi
2.09%
n/a
Nota Do Tesouro Nacional 10% 1/1/2029
2.07%
NTF010125
Brazil 10 % Notas do Tesouro Nacional 2014-1.1.25 Series F
1.93%
EI72
European Investment Bank - 7.50% BD REDEEM 30/07/2023 MXN 1000 - Ser 2330 Reg S
1.73%
n/a
China Government Bond 2.68% 5/21/2030
1.66%
76WT
Intl Fin 7 % Euro Medium Term Notes 2017-20.07.27
1.55%
TFIT16240724
Colombia 10 % Treasury Bonds 2008-24.7.24
1.48%
n/a
Brazil Nota Do Tesouro Nacional 10% 1/1/2027
1.42%
Invest with ELD

What is ELD?

WisdomTree Emerging Markets Local Debt Fund seeks a high level of total returns consisting of both income and capital appreciation. The fund attempts to achieve its investment objective through investment in local debt denominated in the currencies of emerging market countries.

ETFs related toELD

ETFs correlated to ELD include EMLC, FEMB, EBND

ELD
WisdomTree Trust - WisdomTree Emerging Market Local Debt Fund
EMLC
VanEck ETF Trust - VanEck J.P. Morgan EM Local Currency Bond ETF
FEMB
First Trust Exchange-Traded Fund III - First Trust Emerging Markets Local Currency Bond ETF
EBND
SPDR Series Trust - SPDR Bloomberg Emerging Markets Local Bond ETF
LEMB
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM Local Currency Bond ETF
JPIN
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return International Equity ETF
IDLV
Invesco Capital Management LLC - Invesco S&P International Developed Low Volatility ETF
FNDC
Schwab Strategic Trust - Schwab Fundamental International Small Company Index ETF
AVDV
American Century ETF Trust - Avantis International Small Cap Value ETF
DISV
Dimensional ETF Trust - Dimensional International Small Cap Value ETF
BWZ
SPDR Series Trust - SPDR Bloomberg Short Term International Treasury Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toELD

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#LSBH

Hedgefundies Refined: Leveraged Stocks and Bonds with a Hedge

Category

Balance Risk Not Assets, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

Create your own algorithmic trading strategy with ELD using Composer

FAQ

ELD is a Global Ex. US Bonds ETF. WisdomTree Emerging Markets Local Debt Fund seeks a high level of total returns consisting of both income and capital appreciation. The fund attempts to achieve its investment objective through investment in local debt denominated in the currencies of emerging market countries.

ELD tracks the JP Morgan GBI-EM Global Diversified Index.

No, ELD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, ELD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ELD is 0.0125%. This is the percent change in the value of ELD over the most recent 1-month period. The 3-month return on ELD is 0.0547%. This is the percent change in the value of ELD over the most recent 3-month period.

The standard deviation of ELD for the past year is 0.1181%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to ELD include EMB, SHY, and IEI.

ETFs correlated to ELD include EMLC, FEMB, and EBND.

ETFs that are inversely correlated to ELD include USDU, UUP, and EFZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.