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 (Euro / U.S. Dollar) is a currency. Over the past 5 years, EM1C.DE returned 2.56%/yr vs -0.00%/yr for EURUSD=X. At a correlation of -0.02, they often move in opposite directions.
Performance
EM1C.DE vs. EURUSD=X - Performance Comparison
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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
EM1C.DE
- 1D
- 0.31%
- 1M
- 2.78%
- YTD
- 4.70%
- 6M
- 5.14%
- 1Y
- 10.45%
- 3Y*
- 4.89%
- 5Y*
- 2.56%
- 10Y*
- —
EURUSD=X
- 1D
- -0.01%
- 1M
- -0.02%
- YTD
- -0.00%
- 6M
- -0.03%
- 1Y
- -0.03%
- 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 | 4.70% | 4.52% | 3.70% | 6.43% | -4.55% | -2.31% | -6.15% | 12.06% | -4.26% | -10.33% |
EURUSD=X Euro / U.S. Dollar | -0.00% | -0.03% | 0.01% | 0.07% | -0.18% | 0.16% | -0.12% | 0.27% | -0.19% | 0.01% |
Correlation
The correlation between EM1C.DE and EURUSD=X is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2017 | -0.02 |
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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 Euro / U.S. Dollar (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.
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.
| EM1C.DE | EURUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.08 | ||
| Sortino ratioReturn per unit of downside risk | +3.17 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.99 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | -0.06 | +3.09 |
| Martin ratioReturn relative to average drawdown | 10.21 | -0.27 | +10.48 |
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Drawdowns
EM1C.DE vs. EURUSD=X - Drawdown Comparison
The maximum EM1C.DE drawdown since its inception was -23.47%, 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.
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Drawdown Indicators
| EM1C.DE | EURUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.47% | -1.76% | -21.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -0.43% | -3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -7.21% | -0.81% | -6.40% |
Max Drawdown (5Y)Largest decline over 5 years | -8.70% | -0.81% | -7.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.22% | — |
Current DrawdownCurrent decline from peak | -2.75% | -0.74% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -13.90% | -0.72% | -13.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.10% | +0.92% |
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 1.32% compared to Euro / U.S. Dollar (EURUSD=X) at 0.18%. 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.
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Volatility by Period
| EM1C.DE | EURUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 0.18% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 0.58% | +3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.09% | 0.75% | +4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 0.74% | +6.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.13% | 1.14% | +8.99% |
Frequently Asked Questions
EM1C.DE and EURUSD=X have a correlation of -0.01, 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
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