EMLC vs. HYEM
Compare and contrast key facts about VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) and VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM).
EMLC and HYEM 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. HYEM is a passively managed fund by VanEck that tracks the performance of the BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index. It was launched on May 8, 2012. Both EMLC and HYEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMLC or HYEM.
Correlation
The correlation between EMLC and HYEM is 0.39, 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. HYEM - Performance Comparison
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Key characteristics
EMLC:
0.73
HYEM:
1.22
EMLC:
1.27
HYEM:
1.92
EMLC:
1.15
HYEM:
1.28
EMLC:
0.31
HYEM:
1.84
EMLC:
1.73
HYEM:
9.82
EMLC:
3.74%
HYEM:
0.98%
EMLC:
7.79%
HYEM:
7.22%
EMLC:
-32.32%
HYEM:
-30.96%
EMLC:
-13.90%
HYEM:
0.00%
Returns By Period
In the year-to-date period, EMLC achieves a 7.69% return, which is significantly higher than HYEM's 2.86% return. Over the past 10 years, EMLC has underperformed HYEM with an annualized return of 0.53%, while HYEM has yielded a comparatively higher 3.91% annualized return.
EMLC
7.69%
1.52%
6.30%
5.45%
1.81%
0.53%
HYEM
2.86%
2.89%
3.55%
9.06%
4.80%
3.91%
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EMLC vs. HYEM - Expense Ratio Comparison
EMLC has a 0.30% expense ratio, which is lower than HYEM's 0.40% expense ratio.
Risk-Adjusted Performance
EMLC vs. HYEM — Risk-Adjusted Performance Rank
EMLC
HYEM
EMLC vs. HYEM - 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 VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM). 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.
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Dividends
EMLC vs. HYEM - Dividend Comparison
EMLC's dividend yield for the trailing twelve months is around 6.19%, less than HYEM's 6.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | 6.19% | 6.55% | 5.97% | 5.68% | 5.25% | 4.90% | 6.26% | 6.50% | 5.34% | 5.32% | 6.25% | 5.98% |
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 6.59% | 6.34% | 6.27% | 6.47% | 5.33% | 5.56% | 6.14% | 5.71% | 5.86% | 6.25% | 7.64% | 6.77% |
Drawdowns
EMLC vs. HYEM - Drawdown Comparison
The maximum EMLC drawdown since its inception was -32.32%, roughly equal to the maximum HYEM drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for EMLC and HYEM. For additional features, visit the drawdowns tool.
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Volatility
EMLC vs. HYEM - Volatility Comparison
The current volatility for VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) is 1.67%, while VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) has a volatility of 2.61%. This indicates that EMLC experiences smaller price fluctuations and is considered to be less risky than HYEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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