- Issuer
- VanEck
- Inception Date
- Apr 7, 2017
- Category
- Global Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- VanEck J.P. Morgan EM Local Currency Bond UCITS ETF A USD
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
EMLC.L Performance Chart
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF A USD (EMLC.L) is up 1.9% since the beginning of the year. EMLC.L is currently trading at $70 per share. Investors who bought $1,000 worth of EMLC.L shares 5 years ago would now be looking at an investment worth $1,099.
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Returns By Period
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF A USD (EMLC.L) has returned 1.90% so far this year and 8.43% over the past 12 months.
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF A USD
- 1D
- 0.26%
- 1M
- -0.43%
- 6M
- 1.29%
- YTD
- 1.90%
- 1Y
- 8.43%
- 3Y*
- 5.71%
- 5Y*
- 1.90%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
EMLC.L Monthly Returns History
Based on dividend-adjusted daily data since Apr 7, 2017, EMLC.L's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2022 with a return of +6.8%, while the worst month was Mar 2020 at -12.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, EMLC.L closed higher 50% of trading days. The best single day was Mar 26, 2020 with a return of +3.6%, while the worst single day was Mar 12, 2020 at -4.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.00% | 1.52% | -5.59% | 2.67% | 1.15% | -0.03% | 0.40% | 1.90% | |||||
| 2025 | 1.84% | 0.78% | 1.09% | 2.85% | 1.55% | 2.87% | -0.96% | 1.92% | 1.33% | 0.51% | 1.52% | 1.41% | 17.98% |
| 2024 | -1.28% | -0.53% | -0.46% | -1.82% | 1.70% | -1.29% | 2.37% | 2.86% | 3.00% | -4.38% | -0.64% | -1.58% | -2.29% |
| 2023 | 3.83% | -2.80% | 3.61% | 0.34% | -0.93% | 2.79% | 2.48% | -2.79% | -3.52% | -0.87% | 4.90% | 3.28% | 10.29% |
| 2022 | 0.16% | 0.57% | -5.24% | -5.68% | 1.37% | -4.38% | 0.15% | -0.01% | -4.62% | -0.90% | 6.80% | 2.04% | -9.98% |
| 2021 | -1.35% | -2.64% | -3.26% | 2.44% | 2.08% | -0.61% | -0.58% | 0.53% | -3.30% | -1.64% | -3.10% | 1.45% | -9.75% |
Benchmark Metrics
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF A USD has an annualized alpha of -0.01%, beta of 0.16, and R2 of 0.10 versus S&P 500 Index. Calculated based on daily prices since April 07, 2017.
- This ETF participated in 47.10% of S&P 500 Index downside but only 25.75% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.16 may look defensive, but with R2 of 0.10 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.10 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.01%
- Beta
- 0.16
- R²
- 0.10
- Upside Capture
- 25.75%
- Downside Capture
- 47.10%
Expense Ratio
EMLC.L has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EMLC.L ranks 34 for risk / return — below 34% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck J.P. Morgan EM Local Currency Bond UCITS ETF A USD (EMLC.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMLC.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.35 | -1.06 |
| Martin ratioReturn relative to average drawdown | 4.11 | 10.19 | -6.08 |
Dividends
Dividend History
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF A USD provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.20% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck J.P. Morgan EM Local Currency Bond UCITS ETF A USD. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck J.P. Morgan EM Local Currency Bond UCITS ETF A USD. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the VanEck J.P. Morgan EM Local Currency Bond UCITS ETF A USD was 26.61%, occurring on Oct 24, 2022. Recovery took 760 trading sessions.
The current VanEck J.P. Morgan EM Local Currency Bond UCITS ETF A USD drawdown is 1.59%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-26.61%Oct 2022 | 4y 6mo | 3y 5d | 7y 6moApr 2018 - Oct 2025 | Bear market2022 |
-6.06%Mar 2026 | 28d | — | 4mo 16dMar 2026 - now | — |
-5.59%Nov 2017 | 2mo 4d | 2mo 2d | 4mo 6dSep 2017 - Jan 2018 | — |
-2.33%Jul 2017 | 22d | 10d | 1mo 2dJun 2017 - Jul 2017 | — |
-2.02%May 2017 | 1d | 14d | 15dMay 2017 - Jun 2017 | — |
Drawdown Indicators
| EMLC.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.61% | -56.78% | +30.17% |
Max Drawdown (1Y)Largest decline over 1 year | -6.06% | -9.10% | +3.04% |
Max Drawdown (3Y)Largest decline over 3 years | -8.95% | -18.90% | +9.95% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | -25.43% | +2.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.59% | -0.49% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -10.70% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.09% | -0.19% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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