SPDR® DoubleLine® Emerging Markets Fixed Income ETF

10-Year Study

EMTL.US · · US · ETF

Executive Summary: SPDR® DoubleLine® Emerging Markets Fixed Income ETF has compounded at 3.3% annually over the last 10 years, with a maximum drawdown of 21.1% and an annualized volatility of 10.9%.

1Y CAGR
+4.5%
3Y CAGR
+6.7%
5Y CAGR
+1.5%
10Y CAGR
+3.3%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
21.1%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.12
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.12
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
7.2%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2019 · +12.0%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -14.3%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.6-0.5-1.81.0————————-0.8%
20251.01.60.6-0.70.71.50.51.51.0-0.10.20.38.3%
20240.50.30.6-0.81.70.71.61.80.9-1.20.5-0.85.9%
20234.1-2.71.21.0-0.30.71.2-0.5-1.5-1.54.43.59.6%
2022-3.1-2.6-0.4-5.00.4-4.32.8-1.4-7.1-1.17.00.3-14.3%
2021-0.3-0.5-0.60.60.61.10.00.9-1.6-0.1-0.30.80.6%
20201.70.1-12.22.34.42.11.50.90.10.31.61.73.5%
20192.90.61.60.50.92.70.7-0.80.10.9-0.21.612.0%
2018-0.7-1.00.3-0.90.1-0.91.5-1.11.1-0.3-1.00.4-2.4%
20171.11.1-0.21.80.80.30.61.7-0.10.5-0.40.27.6%
2016————0.21.23.70.90.10.4-1.51.06.1%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 10.9%. The dominant macroeconomic risk driver is SHV.US, accounting for 66.9% of variance. Idiosyncratic stock-specific factors contribute 3.8%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-04-0110000
2016-05-0110021.93913429537
2016-06-0110140.190095955357
2016-07-0110520.02553624494
2016-08-0110615.36517154329
2016-09-0110624.925060194892
2016-10-0110672.400439430814
2016-11-0110509.493455527074
2016-12-0110611.735654495904
2017-01-0110724.542340584807
2017-02-0110843.862713517683
2017-03-0110825.229032247611
2017-04-0111020.121135131458
2017-05-0111112.576600633221
2017-06-0111144.723751624373
2017-07-0111214.916018808675
2017-08-0111404.201814110394
2017-09-0111389.521713909799
2017-10-0111442.311743107966
2017-11-0111392.924386141725
2017-12-0111417.520845418221
2018-01-0111339.745480117052
2018-02-0111222.596336132166
2018-03-0111259.960917878934
2018-04-0111163.389839296651
2018-05-0111169.19058529203
2018-06-0111073.429666764965
2018-07-0111238.216221996818
2018-08-0111118.085689008722
2018-09-0111242.331835077337
2018-10-0111207.656984713898
2018-11-0111099.581633347483
2018-12-0111147.543108616537
2019-01-0111467.135047199923
2019-02-0111536.031058295877
2019-03-0111720.520706070689
2019-04-0111778.430946817853
2019-05-0111884.918384476035
2019-06-0112200.265084370069
2019-07-0112288.313279171434
2019-08-0112191.742200589148
2019-09-0112202.209468502599
2019-10-0112310.349632673431
2019-11-0112288.831781606776
2019-12-0112484.080354914917
2020-01-0112691.70817386683
2020-02-0112700.393089658795
2020-03-0111151.950379316937
2020-04-0111411.039564976458
2020-05-0111918.264572348913
2020-06-0112163.548630667474
2020-07-0112348.103091246707
2020-08-0112461.525498977577
2020-09-0112468.266030637013
2020-10-0112506.829649265508
2020-11-0112701.430094529476
2020-12-0112918.164112502067
2021-01-0112885.368833466739
2021-02-0112815.27378548906
2021-03-0112740.090932364596
2021-04-0112815.403411097897
2021-05-0112892.076958723967
2021-06-0113028.28106720764
2021-07-0113029.02641445844
2021-08-0113145.26817918148
2021-09-0112934.432126410895
2021-10-0112926.26571305427
2021-11-0112891.36401787537
2021-12-0112990.430389427735
2022-01-0112583.43838408716
2022-02-0112256.101315375865
2022-03-0112202.339094111432
2022-04-0111591.899695703885
2022-05-0111634.773365826155
2022-06-0111138.566535204694
2022-07-0111445.487570524432
2022-08-0111281.738020163264
2022-09-0110480.100848723672
2022-10-0110366.321970568504
2022-11-0111095.01233063604
2022-12-0111131.501939523172
2023-01-0111586.552639339428
2023-02-0111271.627222674113
2023-03-0111407.960956766621
2023-04-0111517.689034645686
2023-05-0111481.717928193893
2023-06-0111561.372864823174
2023-07-0111701.271303158652
2023-08-0111642.162025529764
2023-09-0111462.922214912778
2023-10-0111291.200689608238
2023-11-0111790.648160450579
2023-12-0112199.876207543562
2024-01-0112263.878851905984
2024-02-0112301.826748892512
2024-03-0112380.315055042274
2024-04-0112275.253499081278
2024-05-0112480.93693390066
2024-06-0112569.049941506442
2024-07-0112768.284502286271
2024-08-0112991.791458320507
2024-09-0113109.361885534108
2024-10-0112958.250832034377
2024-11-0113021.184065123905
2024-12-0112915.863257945239
2025-01-0113050.99795515602
2025-02-0113259.014650934438
2025-03-0113337.373331475366
2025-04-0113243.297545863163
2025-05-0113331.280927860107
2025-06-0113536.12179622206
2025-07-0113604.855775306969
2025-08-0113803.604240053666
2025-09-0113944.280432042155
2025-10-0113924.31808828152
2025-11-0113947.229414643156
2025-12-0113984.56158998772
2026-01-0114068.494171708564
2026-02-0113992.76040974655
2026-03-0113738.6942164294
2026-04-0113878.041745927325
Annual Return Matrix
YearAnnual Return
20170.07593340214622946
2018-0.023645915821561503
20190.11989523012163072
20200.034770983944864886
20210.0055941599979931755
2022-0.14309983535398896
20230.0959775485666543
20240.058688058650870456
20250.08274308195273483
2026-0.007616959843535942
Total Factor Risk
0.10852584017108989
VTI.US Exposure
0.1121969385787657
VEA.US Exposure
0.029398750702997304
VWO.US Exposure
0.02328559017411435
QQQ.US Exposure
-0.05803014813100733
VTV.US Exposure
-0.04662171461711
IJR.US Exposure
-0.017647980821292323
QUAL.US Exposure
0.058259587791673575
SHV.US Exposure
0.6686035379163575
TLT.US Exposure
-0.019732543771406236
LQD.US Exposure
0.16474959423599897
HYG.US Exposure
0.02034018116896993
GLD.US Exposure
-0.008478211090430135
USO.US Exposure
-0.0030982868644373915
VNQ.US Exposure
0.03222936836821328
BTC-USD.CC Exposure
-0.004350963871308339
CPER.US Exposure
0.01559200558068766
VIX.INDX Exposure
-0.014686081525079268
UUP.US Exposure
0.00033933608219377667
TIP.US Exposure
0.009368791499101753
Idiosyncratic Exposure
0.038282248592996934
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
60.5
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
10.9%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →5.04%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$109
Avg Yield on Cost
1.09%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$109.071.09%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.1%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+0.1%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
1.4% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.60
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is SPDR® DoubleLine® Emerging Markets Fixed Income ETF a high-risk investment?

SPDR® DoubleLine® Emerging Markets Fixed Income ETF (EMTL.US) has an annualized volatility of 10.9% and experienced a maximum drawdown of 21.1% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of EMTL.US?

Over the past 10 years, EMTL.US has generated a Compound Annual Growth Rate (CAGR) of 3.3%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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