EMLC vs. EMTIX

Last updated Jul 14, 2026

EMLC (VanEck J.P. Morgan EM Local Currency Bond ETF) and EMTIX (Transamerica Emerging Markets Debt Fund) are both Emerging Markets Bonds funds. Over the past 10 years, EMLC returned 1.77%/yr vs 4.31%/yr for EMTIX. A 0.68 correlation means they provide meaningful diversification when combined. EMLC charges 0.30%/yr vs 0.85%/yr for EMTIX.

Performance

EMLC vs. EMTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC) and Transamerica Emerging Markets Debt Fund (EMTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMLC achieves a 1.46% return, which is significantly lower than EMTIX's 5.44% return. Over the past 10 years, EMLC has underperformed EMTIX with an annualized return of 1.77%, while EMTIX has yielded a comparatively higher 4.31% annualized return.

EMLC

• 1D: -0.63%
• 1M: 0.06%
• 6M: 0.91%
• YTD: 1.46%
• 1Y: 7.49%
• 3Y*: 5.63%
• 5Y*: 1.85%
• 10Y*: 1.77%

EMTIX

• 1D: 0.20%
• 1M: 0.32%
• 6M: 4.58%
• YTD: 5.44%
• 1Y: 13.55%
• 3Y*: 10.47%
• 5Y*: 3.84%
• 10Y*: 4.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMLC vs. EMTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMLC VanEck J.P. Morgan EM Local Currency Bond ETF	1.46%	18.81%	-2.97%	11.18%	-10.58%	-9.72%	3.08%	9.79%	-7.57%	13.84%
EMTIX Transamerica Emerging Markets Debt Fund	5.44%	14.58%	4.69%	13.05%	-13.33%	-4.00%	7.14%	13.48%	-6.71%	12.68%

Correlation

The correlation between EMLC and EMTIX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Sep 2, 2011	0.68

The correlation between EMLC and EMTIX has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.

Return for Risk

EMLC vs. EMTIX — Risk / Return Rank

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

EMLC

EMLC Risk / Return Rank: 34
EMLC Sharpe Ratio Rank: 36
EMLC Sortino Ratio Rank: 35
EMLC Omega Ratio Rank: 37
EMLC Calmar Ratio Rank: 30
EMLC Martin Ratio Rank: 33

EMTIX

EMTIX Risk / Return Rank: 89
EMTIX Sharpe Ratio Rank: 95
EMTIX Sortino Ratio Rank: 95
EMTIX Omega Ratio Rank: 91
EMTIX Calmar Ratio Rank: 79
EMTIX Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMLC vs. EMTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC) and Transamerica Emerging Markets Debt Fund (EMTIX). 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	EMTIX	Difference
Sharpe ratio: Return per unit of total volatility	1.05	2.69	-1.64
Sortino ratio: Return per unit of downside risk	1.49	4.20	-2.71
Omega ratio: Gain probability vs. loss probability	1.20	1.57	-0.37
Calmar ratio: Return relative to maximum drawdown	1.21	2.85	-1.63
Martin ratio: Return relative to average drawdown	3.92	12.04	-8.12

EMLC vs. EMTIX - Sharpe Ratio Comparison

The current EMLC Sharpe Ratio is 1.05, which is lower than the EMTIX Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of EMLC and EMTIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EMLC vs. EMTIX - Drawdown Comparison

The maximum EMLC drawdown since its inception was -32.43%, which is greater than EMTIX's maximum drawdown of -25.28%. Use the drawdown chart below to compare losses from any high point for EMLC and EMTIX.

Drawdown Indicators

	EMLC	EMTIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.43%	-25.28%	-7.15%
Max Drawdown (1Y) Largest decline over 1 year	-6.19%	-4.69%	-1.50%
Max Drawdown (3Y) Largest decline over 3 years	-9.11%	-6.44%	-2.67%
Max Drawdown (5Y) Largest decline over 5 years	-23.60%	-25.28%	+1.68%
Max Drawdown (10Y) Largest decline over 10 years	-26.47%	-25.28%	-1.19%
Current Drawdown Current decline from peak	-3.78%	-0.47%	-3.31%
Average Drawdown Average peak-to-trough decline	-14.29%	-4.86%	-9.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.11%	+0.80%

Volatility

EMLC vs. EMTIX - Volatility Comparison

VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC) has a higher volatility of 2.23% compared to Transamerica Emerging Markets Debt Fund (EMTIX) at 1.30%. This indicates that EMLC's price experiences larger fluctuations and is considered to be riskier than EMTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMLC	EMTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.23%	1.30%	+0.93%
Volatility (6M) Calculated over the trailing 6-month period	6.38%	4.39%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	7.17%	4.97%	+2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.13%	5.79%	+3.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.93%	6.51%	+3.42%

EMLC vs. EMTIX - Expense Ratio Comparison

EMLC has a 0.30% expense ratio, which is lower than EMTIX's 0.85% expense ratio.

Dividends

EMLC vs. EMTIX - Dividend Comparison

EMLC's dividend yield for the trailing twelve months is around 6.27%, more than EMTIX's 5.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMLC VanEck J.P. Morgan EM Local Currency Bond ETF	6.27%	5.91%	6.55%	5.97%	5.54%	5.25%	4.90%	6.25%	6.50%	5.34%	5.32%	6.25%
EMTIX Transamerica Emerging Markets Debt Fund	5.85%	5.77%	6.98%	5.11%	4.16%	4.03%	2.02%	4.80%	3.27%	5.10%	3.48%	4.30%

Frequently Asked Questions

Can I hold both EMLC and EMTIX in my portfolio?

EMLC and EMTIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMLC or EMTIX?

EMLC has higher volatility (2.23%) compared to EMTIX (1.30%). In terms of maximum drawdown, EMLC dropped -32.43% vs EMTIX's -25.28%.

Which has better risk-adjusted returns?

EMTIX currently has the higher Sharpe Ratio (2.69 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.