EMCB vs. EMLC
Compare and contrast key facts about WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC).
EMCB and EMLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMCB is an actively managed fund by WisdomTree. It was launched on Mar 8, 2012. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMCB or EMLC.
Key characteristics
| EMCB | EMLC | |
|---|---|---|
| YTD Return | 6.83% | -0.81% |
| 1Y Return | 12.05% | 4.05% |
| 3Y Return (Ann) | 0.05% | -1.17% |
| 5Y Return (Ann) | 2.32% | -1.25% |
| 10Y Return (Ann) | 2.96% | -0.68% |
| Sharpe Ratio | 2.21 | 0.54 |
| Sortino Ratio | 3.41 | 0.83 |
| Omega Ratio | 1.41 | 1.10 |
| Calmar Ratio | 0.99 | 0.19 |
| Martin Ratio | 21.64 | 1.72 |
| Ulcer Index | 0.58% | 2.40% |
| Daily Std Dev | 5.73% | 7.70% |
| Max Drawdown | -22.81% | -32.31% |
| Current Drawdown | -1.82% | -18.27% |
Correlation
The correlation between EMCB and EMLC is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EMCB vs. EMLC - Performance Comparison
In the year-to-date period, EMCB achieves a 6.83% return, which is significantly higher than EMLC's -0.81% return. Over the past 10 years, EMCB has outperformed EMLC with an annualized return of 2.96%, while EMLC has yielded a comparatively lower -0.68% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EMCB vs. EMLC - Expense Ratio Comparison
EMCB has a 0.60% expense ratio, which is higher than EMLC's 0.30% expense ratio.
Risk-Adjusted Performance
EMCB vs. EMLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) 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.
Dividends
EMCB vs. EMLC - Dividend Comparison
EMCB's dividend yield for the trailing twelve months is around 5.43%, less than EMLC's 6.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 5.43% | 5.09% | 4.04% | 3.43% | 3.86% | 4.17% | 4.20% | 4.04% | 4.08% | 5.09% | 5.26% | 5.14% |
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | 6.32% | 5.96% | 5.68% | 5.25% | 4.90% | 6.26% | 6.50% | 5.34% | 5.31% | 6.26% | 5.98% | 5.18% |
Drawdowns
EMCB vs. EMLC - Drawdown Comparison
The maximum EMCB drawdown since its inception was -22.81%, smaller than the maximum EMLC drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for EMCB and EMLC. For additional features, visit the drawdowns tool.
Volatility
EMCB vs. EMLC - Volatility Comparison
WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) have volatilities of 1.88% and 1.96%, 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.