EMLC vs. NLR
EMLC (VanEck J.P. Morgan EM Local Currency Bond ETF) and NLR (VanEck Uranium and Nuclear ETF) are both exchange-traded funds - EMLC is a Emerging Markets Bonds fund tracking the J.P. Morgan GBI-EM Global Core Index, while NLR is a Uranium fund tracking the MVIS Global Uranium & Nuclear Energy Index. Both are passively managed. Over the past 10 years, EMLC returned 1.79%/yr vs 10.63%/yr for NLR. At a 0.41 correlation, their price movements are largely independent. EMLC charges 0.30%/yr vs 0.56%/yr for NLR.
Performance
EMLC vs. NLR - Performance Comparison
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Returns By Period
In the year-to-date period, EMLC achieves a 1.70% return, which is significantly higher than NLR's -15.72% return. Over the past 10 years, EMLC has underperformed NLR with an annualized return of 1.79%, while NLR has yielded a comparatively higher 10.63% annualized return.
EMLC
- 1D
- -0.35%
- 1M
- -0.84%
- 6M
- 1.03%
- YTD
- 1.70%
- 1Y
- 7.74%
- 3Y*
- 5.65%
- 5Y*
- 1.93%
- 10Y*
- 1.79%
NLR
- 1D
- -4.31%
- 1M
- -16.00%
- 6M
- -27.85%
- YTD
- -15.72%
- 1Y
- -6.24%
- 3Y*
- 23.28%
- 5Y*
- 17.50%
- 10Y*
- 10.63%
EMLC vs. NLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMLC VanEck J.P. Morgan EM Local Currency Bond ETF | 1.70% | 18.81% | -2.97% | 11.18% | -10.58% | -9.72% | 3.08% | 9.79% | -7.57% | 13.84% |
NLR VanEck Uranium and Nuclear ETF | -15.72% | 56.50% | 14.26% | 36.67% | 2.29% | 13.63% | 3.49% | 0.20% | 4.94% | 8.25% |
Correlation
The correlation between EMLC and NLR is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2010 | 0.41 |
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Return for Risk
EMLC vs. NLR — Risk / Return Rank
EMLC
NLR
EMLC vs. NLR - 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 VanEck Uranium and Nuclear ETF (NLR). 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 | NLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.01 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | -0.17 | +1.43 |
| Martin ratioReturn relative to average drawdown | 4.04 | -0.39 | +4.43 |
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Drawdowns
EMLC vs. NLR - Drawdown Comparison
The maximum EMLC drawdown since its inception was -32.43%, smaller than the maximum NLR drawdown of -65.05%. Use the drawdown chart below to compare losses from any high point for EMLC and NLR.
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Drawdown Indicators
| EMLC | NLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.43% | -65.05% | +32.62% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -36.32% | +30.13% |
Max Drawdown (3Y)Largest decline over 3 years | -9.11% | -36.32% | +27.21% |
Max Drawdown (5Y)Largest decline over 5 years | -23.60% | -36.32% | +12.72% |
Max Drawdown (10Y)Largest decline over 10 years | -26.47% | -36.32% | +9.85% |
Current DrawdownCurrent decline from peak | -3.55% | -36.32% | +32.77% |
Average DrawdownAverage peak-to-trough decline | -14.29% | -35.67% | +21.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 15.87% | -13.95% |
Volatility
EMLC vs. NLR - Volatility Comparison
The current volatility for VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC) is 1.82%, while VanEck Uranium and Nuclear ETF (NLR) has a volatility of 9.39%. This indicates that EMLC experiences smaller price fluctuations and is considered to be less risky than NLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMLC | NLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 9.39% | -7.57% |
Volatility (6M)Calculated over the trailing 6-month period | 6.40% | 32.73% | -26.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.17% | 43.21% | -36.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.12% | 29.90% | -20.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.92% | 24.42% | -14.50% |
EMLC vs. NLR - Expense Ratio Comparison
EMLC has a 0.30% expense ratio, which is lower than NLR's 0.56% expense ratio.
Dividends
EMLC vs. NLR - Dividend Comparison
EMLC's dividend yield for the trailing twelve months is around 6.26%, more than NLR's 3.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLC VanEck J.P. Morgan EM Local Currency Bond ETF | 6.26% | 5.91% | 6.55% | 5.97% | 5.54% | 5.25% | 4.90% | 6.25% | 6.50% | 5.34% | 5.32% | 6.25% |
NLR VanEck Uranium and Nuclear ETF | 3.02% | 2.55% | 0.76% | 4.54% | 2.02% | 1.99% | 2.23% | 2.21% | 3.91% | 4.86% | 3.62% | 3.30% |
Frequently Asked Questions
EMLC and NLR have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLR has higher volatility (9.39%) compared to EMLC (1.82%). In terms of maximum drawdown, EMLC dropped -32.43% vs NLR's -65.05%.
On 10-year performance, NLR leads with 10.63% vs 1.79% for EMLC. On fees, EMLC is cheaper at 0.30% per year. On volatility, EMLC has been the lower-risk option at 1.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NLR has performed better with a 10.63% return vs 1.79%. 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 0.56% for NLR.
EMLC has the higher dividend yield at 6.26%, compared with 3.02% for NLR.
EMLC is categorized as Emerging Markets Bonds, while NLR is Uranium. EMLC tracks J.P. Morgan GBI-EM Global Core Index, while NLR tracks MVIS Global Uranium & Nuclear Energy Index. Their fees differ too: 0.30% for EMLC and 0.56% for NLR.
EMLC currently has the higher Sharpe Ratio (1.08 vs -0.15), 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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