BKIE vs. EMLC
BKIE (BNY Mellon International Equity ETF) and EMLC (VanEck J.P. Morgan EM Local Currency Bond ETF) are both exchange-traded funds - BKIE is a Foreign Large Cap Equities fund tracking the Solactive GBS Developed Markets ex United States Large & Mid Cap USD Index NTR, while EMLC is a Emerging Markets Bonds fund tracking the J.P. Morgan GBI-EM Global Core Index. Both are passively managed. Over the past 5 years, BKIE returned 9.60%/yr vs 1.95%/yr for EMLC. A 0.64 correlation means they provide meaningful diversification when combined. BKIE charges 0.04%/yr vs 0.30%/yr for EMLC.
Performance
BKIE vs. EMLC - Performance Comparison
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Returns By Period
In the year-to-date period, BKIE achieves a 8.78% return, which is significantly higher than EMLC's 1.38% return.
BKIE
- 1D
- -0.68%
- 1M
- -1.34%
- 6M
- 5.02%
- YTD
- 8.78%
- 1Y
- 21.47%
- 3Y*
- 15.90%
- 5Y*
- 9.60%
- 10Y*
- —
- ALL TIME*
- 14.64%
EMLC
- 1D
- 0.04%
- 1M
- -0.26%
- 6M
- 0.95%
- YTD
- 1.38%
- 1Y
- 7.40%
- 3Y*
- 5.77%
- 5Y*
- 1.95%
- 10Y*
- 1.86%
- ALL TIME*
- 1.17%
BKIE vs. EMLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKIE BNY Mellon International Equity ETF | 8.78% | 32.08% | 4.63% | 18.25% | -13.60% | 13.75% | 34.17% |
EMLC VanEck J.P. Morgan EM Local Currency Bond ETF | 1.38% | 18.81% | -2.97% | 11.18% | -10.58% | -9.72% | 21.53% |
Correlation
The correlation between BKIE and EMLC is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.64 |
The correlation between BKIE and EMLC shifts across timeframes, from 0.64 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BKIE vs. EMLC — Risk / Return Rank
BKIE
EMLC
BKIE vs. EMLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon International Equity ETF (BKIE) and VanEck 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.
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.
| BKIE | EMLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.20 | +0.69 |
| Martin ratioReturn relative to average drawdown | 7.24 | 3.84 | +3.40 |
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Drawdowns
BKIE vs. EMLC - Drawdown Comparison
The maximum BKIE drawdown since its inception was -28.19%, smaller than the maximum EMLC drawdown of -32.43%. Use the drawdown chart below to compare losses from any high point for BKIE and EMLC.
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Drawdown Indicators
| BKIE | EMLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -32.43% | +4.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -6.19% | -5.22% |
Max Drawdown (3Y)Largest decline over 3 years | -13.19% | -8.65% | -4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -23.60% | -4.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.47% | — |
Current DrawdownCurrent decline from peak | -2.34% | -3.85% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -14.28% | +9.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 1.93% | +1.04% |
Volatility
BKIE vs. EMLC - Volatility Comparison
BNY Mellon International Equity ETF (BKIE) has a higher volatility of 3.70% compared to VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC) at 1.63%. This indicates that BKIE'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
| BKIE | EMLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 1.63% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 6.41% | +6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.22% | 7.19% | +8.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 9.12% | +7.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.32% | 9.92% | +6.40% |
BKIE vs. EMLC - Expense Ratio Comparison
BKIE has a 0.04% expense ratio, which is lower than EMLC's 0.30% expense ratio.
Dividends
BKIE vs. EMLC - Dividend Comparison
BKIE's dividend yield for the trailing twelve months is around 3.23%, less than EMLC's 6.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKIE BNY Mellon International Equity ETF | 3.23% | 3.12% | 3.31% | 2.88% | 2.97% | 2.58% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMLC VanEck J.P. Morgan EM Local Currency Bond ETF | 6.28% | 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
BKIE and EMLC have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKIE has higher volatility (3.70%) compared to EMLC (1.63%). In terms of maximum drawdown, BKIE dropped -28.19% vs EMLC's -32.43%.
On 5-year performance, BKIE leads with 9.60% vs 1.95% for EMLC. On fees, BKIE is cheaper at 0.04% per year. On volatility, EMLC has been the lower-risk option at 1.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BKIE has performed better with a 9.60% return vs 1.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKIE is cheaper with a 0.04% expense ratio, compared with 0.30% for EMLC.
EMLC has the higher dividend yield at 6.28%, compared with 3.23% for BKIE.
BKIE is categorized as Foreign Large Cap Equities, while EMLC is Emerging Markets Bonds. BKIE tracks Solactive GBS Developed Markets ex United States Large & Mid Cap USD Index NTR, while EMLC tracks J.P. Morgan GBI-EM Global Core Index. They also come from different issuers: BNY Mellon and VanEck. Their fees differ too: 0.04% for BKIE and 0.30% for EMLC.
BKIE currently has the higher Sharpe Ratio (1.42 vs 1.04), 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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