AVDE vs. EMLC
AVDE (Avantis International Equity ETF) and EMLC (VanEck Vectors J.P. Morgan EM Local Currency Bond ETF) are both exchange-traded funds - AVDE is a Foreign Large Cap Equities fund actively managed by Avantis, while EMLC is a Emerging Markets Bonds fund tracking the J.P. Morgan Government Bond Index Emerging Markets Global Core Index. AVDE is actively managed, while EMLC is passively managed. Over the past 5 years, AVDE returned 9.61%/yr vs 0.97%/yr for EMLC. A 0.63 correlation means they provide meaningful diversification when combined. AVDE charges 0.23%/yr vs 0.30%/yr for EMLC.
Performance
AVDE vs. EMLC - Performance Comparison
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Returns By Period
In the year-to-date period, AVDE achieves a 8.71% return, which is significantly higher than EMLC's -0.23% return.
AVDE
- 1D
- 0.36%
- 1M
- -1.91%
- YTD
- 8.71%
- 6M
- 11.46%
- 1Y
- 25.00%
- 3Y*
- 19.31%
- 5Y*
- 9.61%
- 10Y*
- —
EMLC
- 1D
- -0.16%
- 1M
- -1.80%
- YTD
- -0.23%
- 6M
- 1.29%
- 1Y
- 7.90%
- 3Y*
- 6.04%
- 5Y*
- 0.97%
- 10Y*
- 1.99%
AVDE vs. EMLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AVDE Avantis International Equity ETF | 8.71% | 38.05% | 4.88% | 17.18% | -13.68% | 13.62% | 8.26% | 8.07% |
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | -0.23% | 18.81% | -2.97% | 11.18% | -10.58% | -9.72% | 3.08% | 4.99% |
Correlation
The correlation between AVDE and EMLC is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.63 |
The correlation between AVDE and EMLC shifts across timeframes, from 0.63 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AVDE vs. EMLC — Risk / Return Rank
AVDE
EMLC
AVDE vs. EMLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Equity ETF (AVDE) and VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AVDE | EMLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.22 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.28 | +0.91 |
| Martin ratioReturn relative to average drawdown | 8.59 | 4.34 | +4.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVDE | EMLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.14 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.11 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.10 | +0.53 |
Drawdowns
AVDE vs. EMLC - Drawdown Comparison
The maximum AVDE drawdown since its inception was -36.99%, which is greater than EMLC's maximum drawdown of -32.43%. Use the drawdown chart below to compare losses from any high point for AVDE and EMLC.
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Drawdown Indicators
| AVDE | EMLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -32.43% | -4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -6.19% | -5.29% |
Max Drawdown (3Y)Largest decline over 3 years | -13.46% | -9.15% | -4.31% |
Max Drawdown (5Y)Largest decline over 5 years | -28.73% | -25.26% | -3.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.47% | — |
Current DrawdownCurrent decline from peak | -3.02% | -5.38% | +2.36% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -14.36% | +8.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 1.82% | +1.10% |
Volatility
AVDE vs. EMLC - Volatility Comparison
Avantis International Equity ETF (AVDE) has a higher volatility of 4.67% compared to VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) at 2.20%. This indicates that AVDE's price experiences larger fluctuations and is considered to be riskier than EMLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVDE | EMLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 2.20% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.43% | 6.08% | +6.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 7.00% | +7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 9.13% | +7.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 10.05% | +8.87% |
AVDE vs. EMLC - Expense Ratio Comparison
AVDE has a 0.23% expense ratio, which is lower than EMLC's 0.30% expense ratio.
Dividends
AVDE vs. EMLC - Dividend Comparison
AVDE's dividend yield for the trailing twelve months is around 2.56%, less than EMLC's 6.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVDE Avantis International Equity ETF | 2.56% | 2.66% | 3.29% | 3.01% | 2.79% | 2.46% | 1.63% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% |
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | 6.26% | 5.91% | 6.55% | 5.97% | 5.54% | 5.25% | 4.90% | 6.25% | 6.50% | 5.34% | 5.32% | 6.25% |
Frequently Asked Questions
AVDE and EMLC have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVDE has higher volatility (4.67%) compared to EMLC (2.20%). In terms of maximum drawdown, AVDE dropped -36.99% vs EMLC's -32.43%.
On 5-year performance, AVDE leads with 9.61% vs 0.97% for EMLC. On fees, AVDE is cheaper at 0.23% per year. On volatility, EMLC has been the lower-risk option at 2.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AVDE has performed better with a 9.61% return vs 0.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVDE is cheaper with a 0.23% expense ratio, compared with 0.30% for EMLC.
EMLC has the higher dividend yield at 6.26%, compared with 2.56% for AVDE.
AVDE is categorized as Foreign Large Cap Equities, while EMLC is Emerging Markets Bonds. They also come from different issuers: Avantis and VanEck. Their fees differ too: 0.23% for AVDE and 0.30% for EMLC.
AVDE currently has the higher Sharpe Ratio (1.71 vs 1.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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