EMLC vs. EMCB
Compare and contrast key facts about VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) and WisdomTree Emerging Markets Corporate Bond Fund (EMCB).
EMLC and EMCB 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. EMCB is an actively managed fund by WisdomTree. It was launched on Mar 8, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMLC or EMCB.
Key characteristics
| EMLC | EMCB | |
|---|---|---|
| YTD Return | -4.28% | 0.86% |
| 1Y Return | 1.35% | 7.15% |
| 3Y Return (Ann) | -3.40% | -1.47% |
| 5Y Return (Ann) | -0.97% | 1.97% |
| 10Y Return (Ann) | -1.24% | 2.76% |
| Sharpe Ratio | 0.18 | 1.41 |
| Daily Std Dev | 8.40% | 4.91% |
| Max Drawdown | -32.33% | -22.81% |
| Current Drawdown | -21.14% | -6.67% |
Correlation
The correlation between EMLC and EMCB is 0.30, 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
EMLC vs. EMCB - Performance Comparison
In the year-to-date period, EMLC achieves a -4.28% return, which is significantly lower than EMCB's 0.86% return. Over the past 10 years, EMLC has underperformed EMCB with an annualized return of -1.24%, while EMCB has yielded a comparatively higher 2.76% 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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EMLC vs. EMCB - Expense Ratio Comparison
EMLC has a 0.30% expense ratio, which is lower than EMCB's 0.60% expense ratio.
Risk-Adjusted Performance
EMLC vs. EMCB - 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 WisdomTree Emerging Markets Corporate Bond Fund (EMCB). 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
EMLC vs. EMCB - Dividend Comparison
EMLC's dividend yield for the trailing twelve months is around 6.42%, more than EMCB's 5.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | 6.42% | 5.96% | 5.68% | 5.25% | 4.88% | 6.26% | 6.50% | 5.34% | 5.32% | 6.25% | 5.98% | 5.18% |
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 5.19% | 5.09% | 4.04% | 3.43% | 3.85% | 4.17% | 4.20% | 4.04% | 4.08% | 5.09% | 5.26% | 5.14% |
Drawdowns
EMLC vs. EMCB - Drawdown Comparison
The maximum EMLC drawdown since its inception was -32.33%, which is greater than EMCB's maximum drawdown of -22.81%. Use the drawdown chart below to compare losses from any high point for EMLC and EMCB. For additional features, visit the drawdowns tool.
Volatility
EMLC vs. EMCB - Volatility Comparison
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) has a higher volatility of 2.41% compared to WisdomTree Emerging Markets Corporate Bond Fund (EMCB) at 1.16%. This indicates that EMLC's price experiences larger fluctuations and is considered to be riskier than EMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.