EMHY vs. EMLC
Compare and contrast key facts about iShares J.P. Morgan EM High Yield Bond ETF (EMHY) and VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC).
EMHY and EMLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMHY is a passively managed fund by iShares that tracks the performance of the J.P. Morgan USD Emerging Markets High Yield Bond Index. It was launched on Apr 3, 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. Both EMHY and EMLC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMHY or EMLC.
Key characteristics
| EMHY | EMLC | |
|---|---|---|
| YTD Return | 12.07% | -1.64% |
| 1Y Return | 21.61% | 3.82% |
| 3Y Return (Ann) | 2.70% | -1.30% |
| 5Y Return (Ann) | 2.66% | -1.16% |
| 10Y Return (Ann) | 3.74% | -0.74% |
| Sharpe Ratio | 3.09 | 0.48 |
| Sortino Ratio | 4.60 | 0.76 |
| Omega Ratio | 1.59 | 1.09 |
| Calmar Ratio | 1.48 | 0.18 |
| Martin Ratio | 25.29 | 1.55 |
| Ulcer Index | 0.83% | 2.49% |
| Daily Std Dev | 6.80% | 7.97% |
| Max Drawdown | -30.11% | -32.31% |
| Current Drawdown | -0.82% | -18.96% |
Correlation
The correlation between EMHY and EMLC is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EMHY vs. EMLC - Performance Comparison
In the year-to-date period, EMHY achieves a 12.07% return, which is significantly higher than EMLC's -1.64% return. Over the past 10 years, EMHY has outperformed EMLC with an annualized return of 3.74%, while EMLC has yielded a comparatively lower -0.74% 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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EMHY vs. EMLC - Expense Ratio Comparison
EMHY has a 0.50% expense ratio, which is higher than EMLC's 0.30% expense ratio.
Risk-Adjusted Performance
EMHY vs. EMLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan EM High Yield Bond ETF (EMHY) 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
EMHY vs. EMLC - Dividend Comparison
EMHY's dividend yield for the trailing twelve months is around 6.52%, more than EMLC's 6.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 6.52% | 6.73% | 7.08% | 5.59% | 5.44% | 5.72% | 6.80% | 5.59% | 6.43% | 6.99% | 6.37% | 6.03% |
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | 6.37% | 5.96% | 5.68% | 5.25% | 4.90% | 6.26% | 6.50% | 5.34% | 5.31% | 6.26% | 5.98% | 5.18% |
Drawdowns
EMHY vs. EMLC - Drawdown Comparison
The maximum EMHY drawdown since its inception was -30.11%, smaller than the maximum EMLC drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for EMHY and EMLC. For additional features, visit the drawdowns tool.
Volatility
EMHY vs. EMLC - Volatility Comparison
The current volatility for iShares J.P. Morgan EM High Yield Bond ETF (EMHY) is 2.12%, while VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) has a volatility of 2.91%. This indicates that EMHY experiences smaller price fluctuations and is considered to be less risky than EMLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.