ELD vs. EMLC
Compare and contrast key facts about WisdomTree Emerging Markets Local Debt Fund (ELD) and VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC).
ELD and EMLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ELD is an actively managed fund by WisdomTree. It was launched on Aug 9, 2010. EMLC is a passively managed fund by VanEck that tracks the performance of the J.P. Morgan Government Bond Index Emerging Markets Global Core Index. It was launched on Jul 22, 2010.
Performance
ELD vs. EMLC - Performance Comparison
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ELD vs. EMLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | -3.30% | 21.77% | -4.56% | 14.29% | -9.25% | -9.75% | 1.79% | 12.89% | -7.53% | 12.72% |
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | -1.86% | 18.81% | -2.97% | 11.18% | -10.58% | -9.72% | 3.08% | 9.79% | -7.57% | 13.84% |
Returns By Period
In the year-to-date period, ELD achieves a -3.30% return, which is significantly lower than EMLC's -1.86% return. Over the past 10 years, ELD has outperformed EMLC with an annualized return of 2.39%, while EMLC has yielded a comparatively lower 1.81% annualized return.
ELD
- 1D
- 0.47%
- 1M
- -6.54%
- YTD
- -3.30%
- 6M
- -0.28%
- 1Y
- 10.08%
- 3Y*
- 6.57%
- 5Y*
- 2.35%
- 10Y*
- 2.39%
EMLC
- 1D
- 1.13%
- 1M
- -5.14%
- YTD
- -1.86%
- 6M
- 1.38%
- 1Y
- 11.82%
- 3Y*
- 6.15%
- 5Y*
- 1.72%
- 10Y*
- 1.81%
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ELD vs. EMLC - Expense Ratio Comparison
ELD has a 0.55% expense ratio, which is higher than EMLC's 0.30% expense ratio.
Return for Risk
ELD vs. EMLC — Risk / Return Rank
ELD
EMLC
ELD vs. EMLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Local Debt Fund (ELD) 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.
| ELD | EMLC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.68 | -0.61 |
Sortino ratioReturn per unit of downside risk | 1.55 | 2.28 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.33 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.95 | -0.22 |
Martin ratioReturn relative to average drawdown | 7.27 | 8.57 | -1.30 |
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
| ELD | EMLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.68 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.19 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.18 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.09 | +0.01 |
Correlation
The correlation between ELD and EMLC is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ELD vs. EMLC - Dividend Comparison
ELD's dividend yield for the trailing twelve months is around 5.86%, less than EMLC's 6.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 5.86% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | 6.10% | 5.91% | 6.55% | 5.97% | 5.54% | 5.25% | 4.90% | 6.25% | 6.50% | 5.34% | 5.32% | 6.25% |
Drawdowns
ELD vs. EMLC - Drawdown Comparison
The maximum ELD drawdown since its inception was -31.92%, roughly equal to the maximum EMLC drawdown of -32.43%. Use the drawdown chart below to compare losses from any high point for ELD and EMLC.
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Drawdown Indicators
| ELD | EMLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.92% | -32.43% | +0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -6.19% | -0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -23.56% | -25.26% | +1.70% |
Max Drawdown (10Y)Largest decline over 10 years | -25.15% | -26.47% | +1.32% |
Current DrawdownCurrent decline from peak | -6.64% | -6.92% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -13.43% | -14.48% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.41% | +0.29% |
Volatility
ELD vs. EMLC - Volatility Comparison
WisdomTree Emerging Markets Local Debt Fund (ELD) and VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) have volatilities of 4.06% and 4.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELD | EMLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 4.03% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 5.92% | 5.04% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.66% | 7.08% | +2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.83% | 9.11% | +1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.27% | 10.13% | +1.14% |