EMLC.L vs. TAHY.L
EMLC.L (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF A USD (Acc)) and TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc)) are both exchange-traded funds - EMLC.L is a Emerging Markets Bonds fund tracking the J.P. Morgan Government Bond Index-Emerging Markets Global Core Index, while TAHY.L is a High Yield Bonds fund tracking the iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. Both are passively managed. Over the past 3 years, EMLC.L returned 5.39%/yr vs 8.17%/yr for TAHY.L. At a 0.21 correlation, their price movements are largely independent. EMLC.L charges 0.30%/yr vs 0.60%/yr for TAHY.L.
Performance
EMLC.L vs. TAHY.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMLC.L achieves a 1.34% return, which is significantly lower than TAHY.L's 3.88% return.
EMLC.L
- 1D
- -0.33%
- 1M
- -1.17%
- 6M
- 0.80%
- YTD
- 1.34%
- 1Y
- 7.54%
- 3Y*
- 5.39%
- 5Y*
- 1.79%
- 10Y*
- —
TAHY.L
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 2.85%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
EMLC.L vs. TAHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMLC.L VanEck J.P. Morgan EM Local Currency Bond UCITS ETF A USD (Acc) | 1.34% | 17.98% | -2.29% | 10.29% | -9.98% | -6.67% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 3.88% | 7.26% | 17.54% | -10.74% | -18.39% | -13.10% |
Correlation
The correlation between EMLC.L and TAHY.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.21 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMLC.L vs. TAHY.L — Risk / Return Rank
EMLC.L
TAHY.L
EMLC.L vs. TAHY.L - 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 A USD (Acc) (EMLC.L) and Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L). 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.
| EMLC.L | TAHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.38 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 2.59 | -1.35 |
| Martin ratioReturn relative to average drawdown | 3.94 | 7.38 | -3.44 |
Loading charts...
Drawdowns
EMLC.L vs. TAHY.L - Drawdown Comparison
The maximum EMLC.L drawdown since its inception was -26.61%, smaller than the maximum TAHY.L drawdown of -51.61%. Use the drawdown chart below to compare losses from any high point for EMLC.L and TAHY.L.
Loading charts...
Drawdown Indicators
| EMLC.L | TAHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.61% | -51.61% | +25.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.06% | -2.57% | -3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -9.81% | +1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | — | — |
Current DrawdownCurrent decline from peak | -2.13% | -17.10% | +14.97% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -26.81% | +17.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 0.91% | +1.00% |
Volatility
EMLC.L vs. TAHY.L - Volatility Comparison
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF A USD (Acc) (EMLC.L) has a higher volatility of 1.94% compared to Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) at 1.07%. This indicates that EMLC.L's price experiences larger fluctuations and is considered to be riskier than TAHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMLC.L | TAHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 1.07% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 6.26% | 2.83% | +3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.31% | 3.64% | +3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.37% | 13.09% | -4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.23% | 13.09% | -3.86% |
EMLC.L vs. TAHY.L - Expense Ratio Comparison
EMLC.L has a 0.30% expense ratio, which is lower than TAHY.L's 0.60% expense ratio.
Dividends
EMLC.L vs. TAHY.L - Dividend Comparison
Neither EMLC.L nor TAHY.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EMLC.L VanEck J.P. Morgan EM Local Currency Bond UCITS ETF A USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.20% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMLC.L and TAHY.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMLC.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMLC.L is cheaper with a 0.30% expense ratio, compared with 0.60% for TAHY.L.
EMLC.L is categorized as Emerging Markets Bonds, while TAHY.L is High Yield Bonds. EMLC.L tracks J.P. Morgan Government Bond Index-Emerging Markets Global Core Index, while TAHY.L tracks iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. They also come from different issuers: VanEck and Janus Henderson. Their fees differ too: 0.30% for EMLC.L and 0.60% for TAHY.L.
Find the right allocation for EMLC.L and TAHY.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer