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EBND vs ISHG

SPDR Bloomberg Emerging Markets Local Bond ETF

EBNDBNYSE Arca

iShares 1-3 Year International Treasury Bond ETF

ISHGBNasdaq

Overlap

No data

Expense ratio

EBND −0.05pt a year

EBND0.30%ISHG0.35%

Avg volume · 30D

EBND 3.9×the volume

EBND272KISHG70.2K

10Y return · a year

EBND +1.5pt

EBND+1.4%ISHG−0.1%

EBND vs ISHG Performance

Oct 29, 2021 – Oct 30, 2026

+7.9%EBND−2.8%ISHG

Oct 29, 2021 to Oct 30, 2026. EBND +7.9%. ISHG −2.8%. Use the arrow keys to read each point.−20%−15%−10%Oct 2021Apr 2024Oct 2026
Expense ratio
EBND 0.30%, better
ISHG 0.35%
Fund size
EBND $2.24B
ISHG $832M
1Y total return
EBND +2.4%, better
ISHG −0.1%
Yield (12M)
EBND 6.05%, better
ISHG 1.48%
Holdings
EBND 648
ISHG 190
Avg volume (30D)
EBND 272K sh, better
ISHG 70.2K sh
NAV per share
EBND $20.51
ISHG $73.95
52W range

ETF.net Grade

EBND: Cost 75, Risk 62, Mission 89, Tradability 36, Holdings 71, Durability 62. ISHG: Cost 49, Risk 53, Mission 84, Tradability 50, Holdings 52, Durability 52.
Pillar letters and Scores for EBND, ISHG, with each pillar’s weight
PillarEBNDISHG
Cost30% weightA75HigherC49
Mission25% weightA89HigherA84
Risk15% weightB62HigherC53
Tradability15% weightD36C50Higher
Holdings10% weightA71HigherC52
Durability5% weightB62HigherC52

Rank among International Sovereign funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EBND and ISHG are both graded against the same 6 International Sovereign funds, so their Grades compare head to head.

International Sovereign⁠

Category · 6 funds
See all 6 ›

EBND ranks 1st and ISHG 4th of 6 funds in the International Sovereign Category.

  1. Rank 1BEBNDSPDR Bloomberg Emerging Markets Local Bond ETFScore 69
  2. Rank 2BIGOViShares International Treasury Bond ETFScore 65
  3. Rank 3BBWXSPDR Bloomberg International Treasury Bond ETFScore 62
  4. Rank 4BISHGiShares 1-3 Year International Treasury Bond ETFScore 59
  5. Rank 5DGGOViShares Global Government Bond USD Hedged Active ETFScore 38

Our read on each fund

ETF.net Research

EBNDBSPDR Bloomberg Emerging Markets Local Bond ETF

ISHGBiShares 1-3 Year International Treasury Bond ETF

In short

EBND Most international bond funds pay you in dollars. EBND owns emerging-market government debt in the local currency (rupiah, real, peso), so the exchange rate is part of the trade, not hedged away. And it costs less than its group's median.

ISHG Foreign government bonds with the rate risk dialed down. ISHG holds developed-market sovereigns maturing in one to three years, in local currency, so the dollar's direction does more of the talking than the yield curve does.

Stated mandate

EBND The fund seeks to track the Bloomberg EM Local Currency Government Diversified Index and provide exposure to fixed-rate, local-currency sovereign debt issued by emerging-market countries.

ISHG The fund seeks to track an index of non-U.S. developed-market government bonds with remaining maturities between one and three years.

Why people hold it

  • EBND At 0.30% a year it undercuts the 0.35% median for international government bond funds, where IGOV, BWX and ISHG each charge 0.35% and WIP asks 0.50%.
  • Roughly 700 bonds across emerging-market sovereign issuers, so no single government's budget drama sets the tone for the whole portfolio.ssga.com
  • Running since 2011 and now a multibillion-dollar fund: a long-tenured version of the local-currency trade, not a launch-and-see experiment.
  • Pays monthly, and the holdings match the label: fixed-rate local-currency sovereign debt tracking the Bloomberg EM Local Currency Government Diversified Index.ssga.com
  • ISHG The whole point is the short end: only non-US developed government bonds with one to three years left to run, which keeps interest-rate sensitivity modest.ishares.com
  • Index rules do real work: investment-grade sovereigns only, US excluded, and each country capped at 21% of the index, so no single government runs away with it.ftserussell.com
  • Running since 2009 under the iShares roof, spreading a couple hundred sovereign bonds across Japan, Europe and other developed issuers.
  • Tracking has been tight: the fund has hugged its FTSE benchmark closely rather than drifting from it.

Worth knowing

  • EBND Unhedged by design. Moves in emerging-market currencies against the dollar land in your return before a single bond does anything.ssga.com
  • Emerging-market sovereign debt carries credit and policy risk, and local interest rates can shift quickly.
  • Moderately traded rather than a volume heavyweight, so spreads can run wider than on the busiest bond ETFs.
  • ISHG The bonds are local-currency and unhedged, so exchange-rate moves flow straight through. At these maturities, the yen and euro can matter more than the coupons.ftserussell.comishares.com
  • 0.35% a year sits right at the median for international treasury funds, matching IGOV and BWX, so cost is not the tiebreaker here.
  • It is a mid-size, moderately traded fund, not a headline name, and it pays out only once or twice a year rather than monthly.

Full EBND profile⁠

Full ISHG profile⁠

EBND vs ISHG Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EBND vs ISHG Cost

Overpaying ISHG vs EBND

$977

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EBND 0.30%

    $6,149

  • ISHG 0.35%

    $7,126

$10,000
30 years

Cost over time

  • EBND 0.30%
  • ISHG 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530ISHG $7,126EBND $6,149

Year by year

YearEBNDISHGOverpaying
10$545$634$89
20$2,113$2,454$341
30$6,149$7,126$977

Expense ratio

  • 0.30%EBND, cheaper
  • 0.35%ISHG
  • Middle half of International Sovereign funds
  • Median 0.35%

EBND cheapest of 6 funds

ISHG 2nd cheapest of 6 funds

EBND vs ISHG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EBND 6.05%, better
ISHG 1.48%
Payout (12M)
EBND $1.24
ISHG $1.09
Last payment
EBND $0.10
ISHG $1.09
Ex-dividend
EBND Oct 1, 2026
ISHG Dec 19, 2025
Paid on
EBND Oct 6, 2026
ISHG Dec 24, 2025
Frequency
EBND Monthly
ISHG Annual

Distribution history

Per share, 2023 to 2026, same scale for both

EBNDMonthly · 45 paymentsAll EBND payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.09; Mar 1, 2023 $0.08; Apr 3, 2023 $0.13; May 1, 2023 $0.08; Jun 1, 2023 $0.09; Jul 3, 2023 $0.09; Aug 1, 2023 $0.10; Sep 1, 2023 $0.08; Oct 2, 2023 $0.09; Nov 1, 2023 $0.10; Dec 1, 2023 $0.10; Dec 18, 2023 $0.08; Feb 1, 2024 $0.10; Mar 1, 2024 $0.09; Apr 1, 2024 $0.10; May 1, 2024 $0.10; Jun 3, 2024 $0.10; Jul 1, 2024 $0.10; Aug 1, 2024 $0.10; Sep 3, 2024 $0.10; Oct 1, 2024 $0.10; Nov 1, 2024 $0.10; Dec 2, 2024 $0.09; Dec 19, 2024 $0.07; Feb 3, 2025 $0.10; Mar 3, 2025 $0.09; Apr 1, 2025 $0.10; May 1, 2025 $0.10; Jun 2, 2025 $0.10; Jul 1, 2025 $0.10; Aug 1, 2025 $0.10; Sep 2, 2025 $0.10; Oct 1, 2025 $0.10; Nov 3, 2025 $0.10; Dec 1, 2025 $0.10; Dec 18, 2025 $0.11; Feb 2, 2026 $0.10; Mar 2, 2026 $0.09; Apr 1, 2026 $0.10; May 1, 2026 $0.10; Jun 1, 2026 $0.10; Jul 1, 2026 $0.11; Aug 3, 2026 $0.11; Sep 1, 2026 $0.11; Oct 1, 2026 $0.10. Use the arrow keys to read each point.$0$220232026YTD
ISHGAnnual · 3 paymentsAll ISHG payments⁠
One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 14, 2023 $0.13; Dec 18, 2024 $1.72; Dec 19, 2025 $1.09. Use the arrow keys to read each point.$0$220232026YTD

EBND vs ISHG Risk

Fall from peak · 5 years

  • EBND
  • ISHG
Oct 29, 2021 to Oct 30, 2026. Worst fall: EBND −23.3% · Oct 2022. Use the arrow keys to read each point.−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
EBND 7.8%ISHG 7.7%, better
Return per unit of riskSharpe ratio, 3 years
EBND 0.41, betterISHG 0.05
Worst fallMax drawdown, 5 years
EBND −23.3%ISHG −20.7%, better
Market sensitivityBeta, 5 years
EBND 1.23ISHG 0.87

Popular comparisons

  • EBNDBvsIGOVB

    SPDR Bloomberg Emerging Markets Local Bond ETF · iShares International Treasury Bond ETF

    Expense ratio
    0.30% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ISHGBvsIGOVB

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    Expense ratio
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