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EMCB vs. EMLC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between EMCB and EMLC is 0.22, 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

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Corporate Bond Fund (EMCB) and VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

EMCB:

0.74

EMLC:

0.73

Sortino Ratio

EMCB:

1.16

EMLC:

1.27

Omega Ratio

EMCB:

1.15

EMLC:

1.15

Calmar Ratio

EMCB:

1.24

EMLC:

0.31

Martin Ratio

EMCB:

6.08

EMLC:

1.73

Ulcer Index

EMCB:

1.16%

EMLC:

3.74%

Daily Std Dev

EMCB:

9.35%

EMLC:

7.79%

Max Drawdown

EMCB:

-22.81%

EMLC:

-32.32%

Current Drawdown

EMCB:

-0.64%

EMLC:

-13.90%

Returns By Period

In the year-to-date period, EMCB achieves a 2.37% return, which is significantly lower than EMLC's 7.69% return. Over the past 10 years, EMCB has outperformed EMLC with an annualized return of 3.26%, while EMLC has yielded a comparatively lower 0.53% annualized return.


EMCB

YTD

2.37%

1M

1.78%

6M

2.30%

1Y

6.58%

5Y*

3.63%

10Y*

3.26%

EMLC

YTD

7.69%

1M

1.52%

6M

6.30%

1Y

5.45%

5Y*

1.81%

10Y*

0.53%

*Annualized

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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 Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMCB
The Risk-Adjusted Performance Rank of EMCB is 7575
Overall Rank
The Sharpe Ratio Rank of EMCB is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of EMCB is 6767
Sortino Ratio Rank
The Omega Ratio Rank of EMCB is 6464
Omega Ratio Rank
The Calmar Ratio Rank of EMCB is 8585
Calmar Ratio Rank
The Martin Ratio Rank of EMCB is 8787
Martin Ratio Rank

EMLC
The Risk-Adjusted Performance Rank of EMLC is 5858
Overall Rank
The Sharpe Ratio Rank of EMLC is 6969
Sharpe Ratio Rank
The Sortino Ratio Rank of EMLC is 7373
Sortino Ratio Rank
The Omega Ratio Rank of EMLC is 6464
Omega Ratio Rank
The Calmar Ratio Rank of EMLC is 3636
Calmar Ratio Rank
The Martin Ratio Rank of EMLC is 4949
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current EMCB Sharpe Ratio is 0.74, which is comparable to the EMLC Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of EMCB and EMLC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

EMCB vs. EMLC - Dividend Comparison

EMCB's dividend yield for the trailing twelve months is around 5.58%, less than EMLC's 6.19% yield.


TTM20242023202220212020201920182017201620152014
EMCB
WisdomTree Emerging Markets Corporate Bond Fund
5.58%5.29%5.09%4.04%3.43%3.85%4.17%4.20%4.04%4.08%5.09%5.26%
EMLC
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF
6.19%6.55%5.97%5.68%5.25%4.90%6.26%6.50%5.34%5.32%6.25%5.98%

Drawdowns

EMCB vs. EMLC - Drawdown Comparison

The maximum EMCB drawdown since its inception was -22.81%, smaller than the maximum EMLC drawdown of -32.32%. Use the drawdown chart below to compare losses from any high point for EMCB and EMLC. For additional features, visit the drawdowns tool.


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Volatility

EMCB vs. EMLC - Volatility Comparison

WisdomTree Emerging Markets Corporate Bond Fund (EMCB) has a higher volatility of 5.67% compared to VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) at 1.67%. This indicates that EMCB's price experiences larger fluctuations and is considered to be riskier than EMLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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