EMD vs TLTD

Comparison between Western Asset Emerging Markets Debt Fund Inc (EMD, ETF) and FLEXSHARES MORNINGSTAR DEVELOPED MARKETS EX-US FACTOR TILT INDEX FUND (TLTD, ETF).

5-Year PerformanceTLTD has outperformed EMD, delivering a return of +10.1% compared to +5.0%

EMD vs TLTD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EMD(ETF)	TLTD(ETF)
Net Assets	$648M	$647M
Expense Ratio	N/A	0.39%
Max Drawdown	66.58%	44.58%
Sharpe Ratio	1.03	1.24
5Y Beta	0.42	0.71
5Y Dividends CAGR	2.07%	17.49%

Net Assets

Winner

EMD

$648M

TLTD

$647M

Expense Ratio

EMD

N/A

TLTD

0.39%

Max Drawdown

EMD

66.58%

Winner

TLTD

44.58%

Sharpe Ratio

EMD

1.03

Winner

TLTD

1.24

5Y Beta

Winner

EMD

0.42

TLTD

0.71

5Y Dividends CAGR

EMD

2.07%

Winner

TLTD

17.49%

EMD vs TLTD - Historical Returns

Returns include dividend reinvestment.

Period	EMD	TLTD
1 month	+0.19%	+0.68%
3 months	+0.97%	+2.30%
6 months	+1.71%	+2.95%
1 year	+15.93%	+18.59%
5 years(CAGR)	+4.98%	+10.06%
10 years(CAGR)	+5.50%	+9.65%
Max(CAGR)	+6.64%	+8.16%

EMD

+0.19%

Winner

TLTD

+0.68%

EMD

+0.97%

Winner

TLTD

+2.30%

EMD

+1.71%

Winner

TLTD

+2.95%

EMD

+15.93%

Winner

TLTD

+18.59%

5Y(CAGR)

EMD

+4.98%

Winner

TLTD

+10.06%

10Y(CAGR)

EMD

+5.50%

Winner

TLTD

+9.65%

Max(CAGR)

EMD

+6.64%

Winner

TLTD

+8.16%

EMD vs TLTD - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	EMD	TLTD
2026	+3.74%	+6.95%
2025	+21.86%	+39.87%
2024	+16.94%	+5.94%
2023	+11.96%	+16.61%
2022	-20.86%	-14.24%
2021	+0.40%	+12.78%
2020	+7.41%	+3.29%
2019	+25.16%	+21.55%
2018	-14.95%	-18.30%
2017	+14.27%	+25.61%
2016	+17.52%	+6.81%
2015	-4.89%	-1.07%
2014	-1.33%	-5.04%
2013	-16.02%	+19.26%
2012	+22.51%	+5.81%
2011	+10.49%	N/A
2010	+12.77%	N/A
2009	+51.98%	N/A
2008	-21.64%	N/A
2007	+7.90%	N/A
2006	+11.12%	N/A
2005	+6.97%	N/A
2004	+6.28%	N/A
2003	+0.90%	N/A

EMD vs TLTD Drawdown Comparison

The maximum drawdown for EMD was -48.11%, occurring on Nov 20, 2008. Recovery took 297 trading sessions.

The maximum drawdown for TLTD was -40.60%, occurring on Mar 23, 2020. Recovery took 741 trading sessions.

The current EMD drawdown is -2.07%. The current TLTD drawdown is -2.91%.

Rank	EMD	TLTD
#1	-48.11% Jun 3, 2008 - Aug 6, 2009	-40.60% Jan 26, 2018 - Jan 6, 2021
#2	-46.44% Feb 21, 2020 - Dec 17, 2020	-28.93% Sep 3, 2021 - Mar 1, 2024
#3	-40.44% Sep 2, 2021 - Oct 2, 2024	-24.90% Jul 2, 2014 - Apr 25, 2017
#4	-29.53% Mar 12, 2013 - Apr 20, 2017	-13.10% Mar 19, 2025 - Apr 28, 2025
#5	-26.07% Jan 27, 2004 - Sep 24, 2004	-12.11% Feb 26, 2026 - Mar 20, 2026
#6	-18.70% Jan 16, 2018 - Jun 21, 2019	-10.13% May 21, 2013 - Aug 13, 2013
#7	-13.52% May 29, 2007 - Oct 5, 2007	-8.83% Sep 26, 2024 - Mar 5, 2025
#8	-13.33% Feb 18, 2026 - Mar 30, 2026	-7.25% Jul 16, 2024 - Aug 21, 2024
#9	-12.48% Sep 2, 2011 - Dec 23, 2011	-6.34% Jan 21, 2014 - Feb 24, 2014
#10	-11.83% Mar 25, 2025 - Jun 4, 2025	-6.16% Jun 14, 2021 - Sep 3, 2021
#11	-11.04% Feb 8, 2005 - Sep 9, 2005	-4.90% Oct 17, 2012 - Dec 4, 2012
#12	-10.28% Apr 23, 2010 - Jul 21, 2010	-4.76% Nov 12, 2025 - Nov 28, 2025
#13	-9.97% Nov 5, 2010 - May 10, 2011	-4.29% Mar 27, 2024 - May 9, 2024
#14	-9.74% Aug 3, 2011 - Sep 2, 2011	-4.09% Jan 8, 2021 - Feb 8, 2021
#15	-9.13% Oct 8, 2009 - Dec 24, 2009	-3.91% Aug 27, 2024 - Sep 19, 2024

Correlation

Correlation between EMD and TLTD is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2004 - 2026)

EMD vs TLTD dividend yield comparison.

Year	EMD	TLTD
2026	5.39%	1.58%
2025	10.44%	3.44%
2024	10.57%	3.88%
2023	9.97%	3.39%
2022	11.09%	2.76%
2021	8.44%	3.44%
2020	8.45%	2.04%
2019	8.41%	3.46%
2018	9.76%	3.16%
2017	7.78%	2.71%
2016	9.99%	2.93%
2015	9.54%	2.56%
2014	9.01%	3.14%
2013	8.37%	1.14%
2012	6.49%	0.21%
2011	7.01%	0.00%
2010	7.48%	0.00%
2009	8.87%	0.00%
2008	13.34%	0.00%
2007	7.73%	0.00%
2006	9.19%	0.00%
2005	14.13%	0.00%
2004	8.88%	0.00%