PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EMLC vs. MOAT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EMLC vs. MOAT

Last updated Jun 5, 2026

EMLC (VanEck Vectors J.P. Morgan EM Local Currency Bond ETF) and MOAT (VanEck Morningstar Wide Moat 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 MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index. Both are passively managed. Over the past 10 years, EMLC returned 2.12%/yr vs 13.40%/yr for MOAT. At a 0.42 correlation, their price movements are largely independent. EMLC charges 0.30%/yr vs 0.47%/yr for MOAT.

Performance

EMLC vs. MOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) and VanEck Morningstar Wide Moat ETF (MOAT). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, EMLC achieves a 1.04% return, which is significantly higher than MOAT's -0.07% return. Over the past 10 years, EMLC has underperformed MOAT with an annualized return of 2.12%, while MOAT has yielded a comparatively higher 13.40% annualized return.

EMLC

1D
0.12%
1M
0.82%
YTD
1.04%
6M
2.10%
1Y
9.23%
3Y*
6.82%
5Y*
1.20%
10Y*
2.12%

MOAT

1D
0.88%
1M
3.57%
YTD
-0.07%
6M
-0.05%
1Y
15.51%
3Y*
11.79%
5Y*
8.20%
10Y*
13.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EMLC vs. MOAT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EMLC
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF		1.04%18.81%-2.97%11.18%-10.58%-9.72%3.08%9.79%-7.57%13.84%
MOAT
VanEck Morningstar Wide Moat ETF		-0.07%13.20%10.73%31.89%-13.66%24.12%14.84%34.79%-1.28%23.18%

Correlation

The correlation between EMLC and MOAT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (3Y)
Calculated over the trailing 3-year period

0.40

Correlation (5Y)
Calculated over the trailing 5-year period

0.43

Correlation (10Y)
Calculated over the trailing 10-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Apr 26, 2012

0.42

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Vectors J.P. Morgan EM Local Currency Bond ETF

VanEck Morningstar Wide Moat ETF

Often compared with EMLC:
EMLC vs. VWOBEMLC vs. LEMBEMLC vs. EMBEMLC vs. EBNDEMLC vs. EMBDEMLC vs. EMHYEMLC vs. HYEM
Often compared with MOAT:
MOAT vs. SPYMOAT vs. VOOMOAT vs. BRK-AMOAT vs. SCHDMOAT vs. IVVMOAT vs. VTIMOAT vs. IOO

Return for Risk

EMLC vs. MOAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMLC
EMLC Risk / Return Rank: 3636
Overall Rank
EMLC Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
EMLC Sortino Ratio Rank: 3737
Sortino Ratio Rank
EMLC Omega Ratio Rank: 4141
Omega Ratio Rank
EMLC Calmar Ratio Rank: 3131
Calmar Ratio Rank
EMLC Martin Ratio Rank: 3434
Martin Ratio Rank
MOAT
MOAT Risk / Return Rank: 3030
Overall Rank
MOAT Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
MOAT Sortino Ratio Rank: 3232
Sortino Ratio Rank
MOAT Omega Ratio Rank: 2929
Omega Ratio Rank
MOAT Calmar Ratio Rank: 2727
Calmar Ratio Rank
MOAT Martin Ratio Rank: 2828
Martin Ratio Rank
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. MOAT - 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 VanEck Morningstar Wide Moat ETF (MOAT). 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.

EMLCMOATDifference
Sharpe ratioReturn per unit of total volatility
1.35
1.12

+0.22

Sortino ratioReturn per unit of downside risk
1.90
1.69

+0.21

Omega ratioGain probability vs. loss probability

1.26

1.19

+0.07

Calmar ratioReturn relative to maximum drawdown

1.50

1.25

+0.24

Martin ratioReturn relative to average drawdown

5.15

3.90

+1.25

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMLC vs. MOAT - Sharpe Ratio Comparison

The current EMLC Sharpe Ratio is 1.35, which is comparable to the MOAT Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of EMLC and MOAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

EMLCMOATDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.35

1.12

+0.22

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.13

0.45

-0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.21

0.72

-0.51

Sharpe Ratio (All Time)

Calculated using the full available price history

0.11

0.78

-0.67

Drawdowns

EMLC vs. MOAT - Drawdown Comparison

The maximum EMLC drawdown since its inception was -32.43%, roughly equal to the maximum MOAT drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for EMLC and MOAT.

Loading charts...

Drawdown Indicators

EMLCMOATDifference

Max Drawdown

Largest peak-to-trough decline

-32.43%

-33.31%

+0.88%

Max Drawdown (1Y)

Largest decline over 1 year

-6.19%

-12.43%

+6.24%

Max Drawdown (3Y)

Largest decline over 3 years

-9.15%

-21.44%

+12.29%

Max Drawdown (5Y)

Largest decline over 5 years

-25.26%

-23.96%

-1.30%

Max Drawdown (10Y)

Largest decline over 10 years

-26.47%

-33.31%

+6.84%

Current Drawdown

Current decline from peak

-4.17%

-3.88%

-0.29%

Average Drawdown

Average peak-to-trough decline

-14.36%

-3.83%

-10.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.80%

3.98%

-2.18%

Volatility

EMLC vs. MOAT - Volatility Comparison

The current volatility for VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) is 2.19%, while VanEck Morningstar Wide Moat ETF (MOAT) has a volatility of 3.86%. This indicates that EMLC experiences smaller price fluctuations and is considered to be less risky than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

EMLCMOATDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.19%

3.86%

-1.67%

Volatility (6M)

Calculated over the trailing 6-month period

5.99%

9.88%

-3.89%

Volatility (1Y)

Calculated over the trailing 1-year period

6.90%

13.85%

-6.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.12%

18.18%

-9.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.05%

18.68%

-8.63%

EMLC vs. MOAT - Expense Ratio Comparison

EMLC has a 0.30% expense ratio, which is lower than MOAT's 0.47% expense ratio.

Dividends

EMLC vs. MOAT - Dividend Comparison

EMLC's dividend yield for the trailing twelve months is around 6.18%, more than MOAT's 1.36% yield.

PositionTTM20252024202320222021202020192018201720162015
EMLC
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF		6.18%5.91%6.55%5.97%5.54%5.25%4.90%6.25%6.50%5.34%5.32%6.25%
MOAT
VanEck Morningstar Wide Moat ETF		1.36%1.36%1.37%0.86%1.25%1.08%1.46%1.31%1.79%1.07%1.17%2.13%

Frequently Asked Questions

EMLC and MOAT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MOAT has higher volatility (3.86%) compared to EMLC (2.19%). In terms of maximum drawdown, EMLC dropped -32.43% vs MOAT's -33.31%.

On 10-year performance, MOAT leads with 13.40% vs 2.12% for EMLC. On fees, EMLC is cheaper at 0.30% per year. On volatility, EMLC has been the lower-risk option at 2.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, MOAT has performed better with a 13.40% return vs 2.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EMLC is cheaper with a 0.30% expense ratio, compared with 0.47% for MOAT.

EMLC has the higher dividend yield at 6.18%, compared with 1.36% for MOAT.

EMLC is categorized as Emerging Markets Bonds, while MOAT is Large Cap Blend Equities. EMLC tracks J.P. Morgan Government Bond Index Emerging Markets Global Core Index, while MOAT tracks Morningstar Wide Moat Focus Index. Their fees differ too: 0.30% for EMLC and 0.47% for MOAT.

EMLC currently has the higher Sharpe Ratio (1.34 vs 1.12), 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.

Portfolio Optimizer

Find the right allocation for EMLC and MOAT

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer