EM1C.DE vs. EURUSD=X
EM1C.DE (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) is Emerging Markets Bonds fund tracking the JP Morgan GBI-Emerging Markets Global Core, while EURUSD=X (EUR/USD) is a currency. Over the past 5 years, EM1C.DE returned 2.23%/yr vs -0.00%/yr for EURUSD=X. At a correlation of -0.03, they often move in opposite directions.
Performance
EM1C.DE vs. EURUSD=X - Performance Comparison
Loading charts...
Different Trading Currencies
EM1C.DE is traded in EUR, while EURUSD=X is traded in USD. To make them comparable, the EURUSD=X values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EM1C.DE achieves a 2.30% return, which is significantly higher than EURUSD=X's 0.02% return.
EM1C.DE
- 1D
- -0.08%
- 1M
- 0.68%
- YTD
- 2.30%
- 6M
- 2.26%
- 1Y
- 7.29%
- 3Y*
- 4.00%
- 5Y*
- 2.23%
- 10Y*
- —
EURUSD=X
- 1D
- 0.03%
- 1M
- 0.01%
- YTD
- 0.02%
- 6M
- -0.00%
- 1Y
- 0.02%
- 3Y*
- 0.01%
- 5Y*
- -0.00%
- 10Y*
- 0.00%
EM1C.DE vs. EURUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 2.30% | 4.53% | 3.69% | 6.44% | -4.38% | -2.30% | -6.16% | 12.05% | -4.25% | -3.96% |
EURUSD=X EUR/USD | 0.02% | -0.03% | 0.01% | 0.07% | -0.18% | 0.16% | -0.12% | 0.27% | -0.19% | -0.02% |
Correlation
The correlation between EM1C.DE and EURUSD=X is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 1, 2017 | -0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EM1C.DE vs. EURUSD=X — Risk / Return Rank
EM1C.DE
EURUSD=X
EM1C.DE vs. EURUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) and EUR/USD (EURUSD=X). 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.
| EM1C.DE | EURUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.00 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 0.03 | +2.01 |
| Martin ratioReturn relative to average drawdown | 6.75 | 0.15 | +6.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EM1C.DE | EURUSD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 0.02 | +1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | -0.00 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.00 | +0.09 |
Drawdowns
EM1C.DE vs. EURUSD=X - Drawdown Comparison
The maximum EM1C.DE drawdown since its inception was -18.83%, which is greater than EURUSD=X's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for EM1C.DE and EURUSD=X.
Loading charts...
Drawdown Indicators
| EM1C.DE | EURUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.83% | -1.76% | -17.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -0.43% | -2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -7.20% | -0.81% | -6.39% |
Max Drawdown (5Y)Largest decline over 5 years | -8.53% | -0.81% | -7.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.22% | — |
Current DrawdownCurrent decline from peak | -0.85% | -0.72% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -0.72% | -7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.09% | +0.95% |
Volatility
EM1C.DE vs. EURUSD=X - Volatility Comparison
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) has a higher volatility of 1.55% compared to EUR/USD (EURUSD=X) at 0.23%. This indicates that EM1C.DE's price experiences larger fluctuations and is considered to be riskier than EURUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EM1C.DE | EURUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 0.23% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 0.56% | +3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.03% | 0.75% | +4.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.03% | 0.74% | +6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.06% | 1.15% | +6.91% |
Frequently Asked Questions
EM1C.DE and EURUSD=X have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for EM1C.DE and EURUSD=X
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer