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

Correlation

The correlation between EMLC and CMF is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.1

Performance

EMLC vs. CMF - Performance Comparison

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

0.00%10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
6.52%
48.33%
EMLC
CMF

Key characteristics

Sharpe Ratio

EMLC:

1.03

CMF:

0.03

Sortino Ratio

EMLC:

1.56

CMF:

0.07

Omega Ratio

EMLC:

1.19

CMF:

1.01

Calmar Ratio

EMLC:

0.38

CMF:

0.03

Martin Ratio

EMLC:

2.18

CMF:

0.10

Ulcer Index

EMLC:

3.74%

CMF:

1.49%

Daily Std Dev

EMLC:

7.91%

CMF:

5.03%

Max Drawdown

EMLC:

-32.32%

CMF:

-16.45%

Current Drawdown

EMLC:

-14.31%

CMF:

-4.25%

Returns By Period

In the year-to-date period, EMLC achieves a 7.17% return, which is significantly higher than CMF's -2.57% return. Over the past 10 years, EMLC has underperformed CMF with an annualized return of 0.41%, while CMF has yielded a comparatively higher 1.59% annualized return.


EMLC

YTD

7.17%

1M

2.81%

6M

3.92%

1Y

8.65%

5Y*

2.75%

10Y*

0.41%

CMF

YTD

-2.57%

1M

-0.94%

6M

-1.63%

1Y

0.45%

5Y*

0.46%

10Y*

1.59%

*Annualized

Compare stocks, funds, or ETFs

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EMLC vs. CMF - Expense Ratio Comparison

EMLC has a 0.30% expense ratio, which is higher than CMF's 0.25% expense ratio.


Expense ratio chart for EMLC: current value is 0.30%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
EMLC: 0.30%
Expense ratio chart for CMF: current value is 0.25%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
CMF: 0.25%

Risk-Adjusted Performance

EMLC vs. CMF — Risk-Adjusted Performance Rank

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

EMLC
The Risk-Adjusted Performance Rank of EMLC is 7171
Overall Rank
The Sharpe Ratio Rank of EMLC is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of EMLC is 8181
Sortino Ratio Rank
The Omega Ratio Rank of EMLC is 7878
Omega Ratio Rank
The Calmar Ratio Rank of EMLC is 5252
Calmar Ratio Rank
The Martin Ratio Rank of EMLC is 6262
Martin Ratio Rank

CMF
The Risk-Adjusted Performance Rank of CMF is 1919
Overall Rank
The Sharpe Ratio Rank of CMF is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of CMF is 1717
Sortino Ratio Rank
The Omega Ratio Rank of CMF is 1717
Omega Ratio Rank
The Calmar Ratio Rank of CMF is 2121
Calmar Ratio Rank
The Martin Ratio Rank of CMF is 2121
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.

EMLC vs. CMF - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) and iShares California Muni Bond ETF (CMF). 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 chart of Sharpe ratio for EMLC, currently valued at 1.03, compared to the broader market-1.000.001.002.003.004.00
EMLC: 1.03
CMF: 0.03
The chart of Sortino ratio for EMLC, currently valued at 1.56, compared to the broader market-2.000.002.004.006.008.00
EMLC: 1.56
CMF: 0.07
The chart of Omega ratio for EMLC, currently valued at 1.19, compared to the broader market0.501.001.502.002.50
EMLC: 1.19
CMF: 1.01
The chart of Calmar ratio for EMLC, currently valued at 0.38, compared to the broader market0.002.004.006.008.0010.0012.00
EMLC: 0.38
CMF: 0.03
The chart of Martin ratio for EMLC, currently valued at 2.18, compared to the broader market0.0020.0040.0060.00
EMLC: 2.18
CMF: 0.10

The current EMLC Sharpe Ratio is 1.03, which is higher than the CMF Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of EMLC and CMF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
1.03
0.03
EMLC
CMF

Dividends

EMLC vs. CMF - Dividend Comparison

EMLC's dividend yield for the trailing twelve months is around 5.67%, more than CMF's 2.94% yield.


TTM20242023202220212020201920182017201620152014
EMLC
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF
5.67%6.55%5.97%5.68%5.25%4.90%6.26%6.50%5.34%5.32%6.25%5.98%
CMF
iShares California Muni Bond ETF
2.94%2.78%2.29%1.91%1.58%1.80%2.03%2.17%2.09%2.21%2.55%2.80%

Drawdowns

EMLC vs. CMF - Drawdown Comparison

The maximum EMLC drawdown since its inception was -32.32%, which is greater than CMF's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for EMLC and CMF. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-14.31%
-4.25%
EMLC
CMF

Volatility

EMLC vs. CMF - Volatility Comparison

VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) and iShares California Muni Bond ETF (CMF) have volatilities of 3.45% and 3.52%, 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.


1.00%1.50%2.00%2.50%3.00%3.50%NovemberDecember2025FebruaryMarchApril
3.45%
3.52%
EMLC
CMF