EMLC vs. HAUZ
EMLC (VanEck Vectors J.P. Morgan EM Local Currency Bond ETF) and HAUZ (Xtrackers International Real Estate ETF) are both exchange-traded funds - EMLC is a Emerging Markets Bonds fund tracking the J.P. Morgan Government Bond Index Emerging Markets Global Core Index, while HAUZ is a REIT fund tracking the iSTOXX Developed and Emerging Markets ex USA PK VN Real Estate Index. Both are passively managed. Over the past 10 years, EMLC returned 1.99%/yr vs 3.30%/yr for HAUZ. At a 0.48 correlation, their price movements are largely independent. EMLC charges 0.30%/yr vs 0.10%/yr for HAUZ.
Performance
EMLC vs. HAUZ - Performance Comparison
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Returns By Period
In the year-to-date period, EMLC achieves a -0.23% return, which is significantly higher than HAUZ's -3.90% return. Over the past 10 years, EMLC has underperformed HAUZ with an annualized return of 1.99%, while HAUZ has yielded a comparatively higher 3.30% annualized return.
EMLC
- 1D
- -0.16%
- 1M
- -1.80%
- YTD
- -0.23%
- 6M
- 1.29%
- 1Y
- 7.90%
- 3Y*
- 6.04%
- 5Y*
- 0.97%
- 10Y*
- 1.99%
HAUZ
- 1D
- -0.07%
- 1M
- -7.79%
- YTD
- -3.90%
- 6M
- -1.29%
- 1Y
- 3.87%
- 3Y*
- 6.41%
- 5Y*
- -2.12%
- 10Y*
- 3.30%
EMLC vs. HAUZ - 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 | -0.23% | 18.81% | -2.97% | 11.18% | -10.58% | -9.72% | 3.08% | 9.79% | -7.57% | 13.84% |
HAUZ Xtrackers International Real Estate ETF | -3.90% | 22.70% | -5.44% | 6.29% | -22.24% | 9.82% | -6.23% | 20.89% | -9.12% | 27.52% |
Correlation
The correlation between EMLC and HAUZ is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2013 | 0.48 |
Over the past year, EMLC and HAUZ have become more correlated (0.70) than their long-term average of 0.48, meaning their price movements have been converging.
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Return for Risk
EMLC vs. HAUZ — Risk / Return Rank
EMLC
HAUZ
EMLC vs. HAUZ - 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 Xtrackers International Real Estate ETF (HAUZ). 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 | HAUZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.06 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 0.28 | +1.00 |
| Martin ratioReturn relative to average drawdown | 4.34 | 0.80 | +3.54 |
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 | HAUZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 0.28 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | -0.13 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.20 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.17 | -0.06 |
Drawdowns
EMLC vs. HAUZ - Drawdown Comparison
The maximum EMLC drawdown since its inception was -32.43%, smaller than the maximum HAUZ drawdown of -39.51%. Use the drawdown chart below to compare losses from any high point for EMLC and HAUZ.
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Drawdown Indicators
| EMLC | HAUZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.43% | -39.51% | +7.08% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -14.08% | +7.89% |
Max Drawdown (3Y)Largest decline over 3 years | -9.15% | -17.88% | +8.73% |
Max Drawdown (5Y)Largest decline over 5 years | -25.26% | -34.52% | +9.26% |
Max Drawdown (10Y)Largest decline over 10 years | -26.47% | -39.51% | +13.04% |
Current DrawdownCurrent decline from peak | -5.38% | -12.87% | +7.49% |
Average DrawdownAverage peak-to-trough decline | -14.36% | -11.75% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 4.84% | -3.02% |
Volatility
EMLC vs. HAUZ - Volatility Comparison
The current volatility for VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) is 2.20%, while Xtrackers International Real Estate ETF (HAUZ) has a volatility of 3.75%. This indicates that EMLC experiences smaller price fluctuations and is considered to be less risky than HAUZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMLC | HAUZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 3.75% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 6.08% | 11.57% | -5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.00% | 13.93% | -6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.13% | 15.96% | -6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.05% | 16.97% | -6.92% |
EMLC vs. HAUZ - Expense Ratio Comparison
EMLC has a 0.30% expense ratio, which is higher than HAUZ's 0.10% expense ratio.
Dividends
EMLC vs. HAUZ - Dividend Comparison
EMLC's dividend yield for the trailing twelve months is around 6.26%, more than HAUZ's 4.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | 6.26% | 5.91% | 6.55% | 5.97% | 5.54% | 5.25% | 4.90% | 6.25% | 6.50% | 5.34% | 5.32% | 6.25% |
HAUZ Xtrackers International Real Estate ETF | 4.64% | 4.46% | 4.50% | 3.50% | 1.99% | 4.84% | 3.37% | 3.69% | 1.93% | 2.59% | 2.18% | 9.42% |
Frequently Asked Questions
EMLC and HAUZ have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HAUZ has higher volatility (3.75%) compared to EMLC (2.20%). In terms of maximum drawdown, EMLC dropped -32.43% vs HAUZ's -39.51%.
On 10-year performance, HAUZ leads with 3.30% vs 1.99% for EMLC. On fees, HAUZ is cheaper at 0.10% per year. On volatility, EMLC has been the lower-risk option at 2.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, HAUZ has performed better with a 3.30% return vs 1.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HAUZ is cheaper with a 0.10% expense ratio, compared with 0.30% for EMLC.
EMLC has the higher dividend yield at 6.26%, compared with 4.64% for HAUZ.
EMLC is categorized as Emerging Markets Bonds, while HAUZ is REIT. EMLC tracks J.P. Morgan Government Bond Index Emerging Markets Global Core Index, while HAUZ tracks iSTOXX Developed and Emerging Markets ex USA PK VN Real Estate Index. They also come from different issuers: VanEck and DWS. Their fees differ too: 0.30% for EMLC and 0.10% for HAUZ.
EMLC currently has the higher Sharpe Ratio (1.14 vs 0.28), 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.
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