EMBX vs. EMLC
Compare and contrast key facts about VanEck Emerging Markets Bond ETF (EMBX) and VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC).
EMBX and EMLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMBX is an actively managed fund by VanEck. It was launched on Oct 6, 2025. 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
EMBX vs. EMLC - Performance Comparison
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EMBX vs. EMLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMBX VanEck Emerging Markets Bond ETF | -0.21% | 2.86% |
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | -1.86% | 3.03% |
Returns By Period
In the year-to-date period, EMBX achieves a -0.21% return, which is significantly higher than EMLC's -1.86% return.
EMBX
- 1D
- 1.21%
- 1M
- -3.79%
- YTD
- -0.21%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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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EMBX vs. EMLC - Expense Ratio Comparison
EMBX has a 0.76% expense ratio, which is higher than EMLC's 0.30% expense ratio.
Return for Risk
EMBX vs. EMLC — Risk / Return Rank
EMBX
EMLC
EMBX vs. EMLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Emerging Markets Bond ETF (EMBX) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| EMBX | EMLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.68 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.19 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.09 | +0.84 |
Correlation
The correlation between EMBX and EMLC is 0.87, 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
EMBX vs. EMLC - Dividend Comparison
EMBX's dividend yield for the trailing twelve months is around 2.34%, less than EMLC's 6.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMBX VanEck Emerging Markets Bond ETF | 2.34% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
EMBX vs. EMLC - Drawdown Comparison
The maximum EMBX drawdown since its inception was -5.14%, smaller than the maximum EMLC drawdown of -32.43%. Use the drawdown chart below to compare losses from any high point for EMBX and EMLC.
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Drawdown Indicators
| EMBX | EMLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.14% | -32.43% | +27.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.19% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.47% | — |
Current DrawdownCurrent decline from peak | -4.00% | -6.92% | +2.92% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -14.48% | +13.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.41% | — |
Volatility
EMBX vs. EMLC - Volatility Comparison
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Volatility by Period
| EMBX | EMLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.03% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 7.08% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 9.11% | -3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 10.13% | -4.12% |