EMLC vs. CEW
Compare and contrast key facts about VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) and WisdomTree Emerging Currency Strategy Fund (CEW).
EMLC and CEW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CEW is an actively managed fund by WisdomTree. It was launched on May 6, 2009.
Performance
EMLC vs. CEW - Performance Comparison
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EMLC vs. CEW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | -1.86% | 18.81% | -2.97% | 11.18% | -10.58% | -9.72% | 3.08% | 9.79% | -7.57% | 13.84% |
CEW WisdomTree Emerging Currency Strategy Fund | 0.41% | 14.48% | -0.99% | 9.06% | -1.65% | -6.62% | -0.04% | 4.78% | -5.09% | 11.09% |
Returns By Period
In the year-to-date period, EMLC achieves a -1.86% return, which is significantly lower than CEW's 0.41% return. Over the past 10 years, EMLC has underperformed CEW with an annualized return of 1.81%, while CEW has yielded a comparatively higher 2.18% annualized return.
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%
CEW
- 1D
- 0.74%
- 1M
- -2.54%
- YTD
- 0.41%
- 6M
- 3.31%
- 1Y
- 10.63%
- 3Y*
- 6.11%
- 5Y*
- 3.28%
- 10Y*
- 2.18%
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EMLC vs. CEW - Expense Ratio Comparison
EMLC has a 0.30% expense ratio, which is lower than CEW's 0.55% expense ratio.
Return for Risk
EMLC vs. CEW — Risk / Return Rank
EMLC
CEW
EMLC vs. CEW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) and WisdomTree Emerging Currency Strategy Fund (CEW). 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.
| EMLC | CEW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 1.54 | +0.14 |
Sortino ratioReturn per unit of downside risk | 2.28 | 2.22 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.85 | -0.90 |
Martin ratioReturn relative to average drawdown | 8.57 | 10.08 | -1.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMLC | CEW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.54 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.48 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.31 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.12 | -0.03 |
Correlation
The correlation between EMLC and CEW is 0.79, 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
EMLC vs. CEW - Dividend Comparison
EMLC's dividend yield for the trailing twelve months is around 6.10%, more than CEW's 2.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | 5.59% | 5.91% | 6.55% | 5.97% | 5.54% | 5.25% | 4.90% | 6.25% | 6.50% | 5.34% | 5.32% | 6.25% |
CEW WisdomTree Emerging Currency Strategy Fund | 2.46% | 2.47% | 5.42% | 2.00% | 0.80% | 0.00% | 0.64% | 1.90% | 1.87% | 0.00% | 0.00% | 0.00% |
Drawdowns
EMLC vs. CEW - Drawdown Comparison
The maximum EMLC drawdown since its inception was -32.43%, which is greater than CEW's maximum drawdown of -27.89%. Use the drawdown chart below to compare losses from any high point for EMLC and CEW.
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Drawdown Indicators
| EMLC | CEW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.43% | -27.89% | -4.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -3.85% | -2.34% |
Max Drawdown (5Y)Largest decline over 5 years | -25.26% | -15.02% | -10.24% |
Max Drawdown (10Y)Largest decline over 10 years | -26.47% | -17.72% | -8.75% |
Current DrawdownCurrent decline from peak | -6.92% | -3.14% | -3.78% |
Average DrawdownAverage peak-to-trough decline | -14.48% | -13.14% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.09% | +0.32% |
Volatility
EMLC vs. CEW - Volatility Comparison
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) has a higher volatility of 4.03% compared to WisdomTree Emerging Currency Strategy Fund (CEW) at 3.27%. This indicates that EMLC's price experiences larger fluctuations and is considered to be riskier than CEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMLC | CEW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 3.27% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 5.04% | 4.47% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.08% | 6.93% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.11% | 6.79% | +2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.13% | 7.11% | +3.02% |