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.
Performance
EMLC vs. EMCB - Performance Comparison
Loading graphics...
EMLC vs. EMCB - 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% |
EMCB WisdomTree Emerging Markets Corporate Bond Fund | -0.18% | 8.19% | 7.11% | 8.76% | -12.98% | -0.62% | 8.60% | 13.43% | -3.07% | 9.47% |
Returns By Period
In the year-to-date period, EMLC achieves a -1.86% return, which is significantly lower than EMCB's -0.18% return. Over the past 10 years, EMLC has underperformed EMCB with an annualized return of 1.81%, while EMCB has yielded a comparatively higher 4.24% 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%
EMCB
- 1D
- 0.28%
- 1M
- -2.79%
- YTD
- -0.18%
- 6M
- 0.49%
- 1Y
- 5.71%
- 3Y*
- 7.32%
- 5Y*
- 2.02%
- 10Y*
- 4.24%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EMLC vs. EMCB - Expense Ratio Comparison
EMLC has a 0.30% expense ratio, which is lower than EMCB's 0.60% expense ratio.
Return for Risk
EMLC vs. EMCB — Risk / Return Rank
EMLC
EMCB
EMLC vs. EMCB - 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 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.
| EMLC | EMCB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 0.77 | +0.91 |
Sortino ratioReturn per unit of downside risk | 2.28 | 1.14 | +1.14 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.19 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.97 | -0.03 |
Martin ratioReturn relative to average drawdown | 8.57 | 8.13 | +0.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| EMLC | EMCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 0.77 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.29 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.50 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.45 | -0.35 |
Correlation
The correlation between EMLC and EMCB is 0.29, 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.
Dividends
EMLC vs. EMCB - Dividend Comparison
EMLC's dividend yield for the trailing twelve months is around 6.10%, more than EMCB's 5.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | 6.10% | 5.91% | 6.55% | 5.97% | 5.54% | 5.25% | 4.90% | 6.25% | 6.50% | 5.34% | 5.32% | 6.25% |
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 5.46% | 5.47% | 5.29% | 5.09% | 4.04% | 3.43% | 3.85% | 4.17% | 4.20% | 4.04% | 4.08% | 5.09% |
Drawdowns
EMLC vs. EMCB - Drawdown Comparison
The maximum EMLC drawdown since its inception was -32.43%, 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.
Loading graphics...
Drawdown Indicators
| EMLC | EMCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.43% | -22.81% | -9.62% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -3.43% | -2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -25.26% | -21.50% | -3.76% |
Max Drawdown (10Y)Largest decline over 10 years | -26.47% | -22.81% | -3.66% |
Current DrawdownCurrent decline from peak | -6.92% | -2.79% | -4.13% |
Average DrawdownAverage peak-to-trough decline | -14.48% | -4.27% | -10.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 0.83% | +0.58% |
Volatility
EMLC vs. EMCB - Volatility Comparison
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) has a higher volatility of 4.03% compared to WisdomTree Emerging Markets Corporate Bond Fund (EMCB) at 1.20%. 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.
Loading graphics...
Volatility by Period
| EMLC | EMCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 1.20% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 5.04% | 2.49% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.08% | 7.54% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.11% | 7.02% | +2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.13% | 8.52% | +1.61% |