EMLC vs. UTHY
EMLC (VanEck Vectors J.P. Morgan EM Local Currency Bond ETF) and UTHY (US Treasury 30 Year Bond 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 UTHY is a Government Bonds fund tracking the ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, EMLC returned 6.63%/yr vs -1.74%/yr for UTHY. At a 0.41 correlation, their price movements are largely independent. EMLC charges 0.30%/yr vs 0.15%/yr for UTHY.
Performance
EMLC vs. UTHY - Performance Comparison
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Returns By Period
In the year-to-date period, EMLC achieves a 1.40% return, which is significantly higher than UTHY's 0.07% return.
EMLC
- 1D
- 0.28%
- 1M
- 1.78%
- YTD
- 1.40%
- 6M
- 2.50%
- 1Y
- 9.22%
- 3Y*
- 6.63%
- 5Y*
- 1.36%
- 10Y*
- 2.28%
UTHY
- 1D
- -0.30%
- 1M
- 2.80%
- YTD
- 0.07%
- 6M
- 0.39%
- 1Y
- 3.41%
- 3Y*
- -1.74%
- 5Y*
- —
- 10Y*
- —
EMLC vs. UTHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | 1.40% | 18.81% | -2.97% | 7.32% |
UTHY US Treasury 30 Year Bond ETF | 0.07% | 3.47% | -8.07% | -2.77% |
Correlation
The correlation between EMLC and UTHY is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.41 |
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Return for Risk
EMLC vs. UTHY — Risk / Return Rank
EMLC
UTHY
EMLC vs. UTHY - 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 US Treasury 30 Year Bond ETF (UTHY). 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 | UTHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.05 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 0.33 | +1.09 |
| Martin ratioReturn relative to average drawdown | 4.75 | 0.81 | +3.94 |
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Drawdowns
EMLC vs. UTHY - Drawdown Comparison
The maximum EMLC drawdown since its inception was -32.43%, which is greater than UTHY's maximum drawdown of -21.86%. Use the drawdown chart below to compare losses from any high point for EMLC and UTHY.
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Drawdown Indicators
| EMLC | UTHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.43% | -21.86% | -10.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -7.34% | +1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -9.15% | -18.58% | +9.43% |
Max Drawdown (5Y)Largest decline over 5 years | -23.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.47% | — | — |
Current DrawdownCurrent decline from peak | -3.83% | -11.07% | +7.24% |
Average DrawdownAverage peak-to-trough decline | -14.35% | -10.71% | -3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 3.00% | -1.14% |
Volatility
EMLC vs. UTHY - Volatility Comparison
The current volatility for VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) is 2.44%, while US Treasury 30 Year Bond ETF (UTHY) has a volatility of 2.79%. This indicates that EMLC experiences smaller price fluctuations and is considered to be less risky than UTHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMLC | UTHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 2.79% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 6.17% | 6.36% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.06% | 9.33% | -2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 13.62% | -4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.04% | 13.62% | -3.58% |
EMLC vs. UTHY - Expense Ratio Comparison
EMLC has a 0.30% expense ratio, which is higher than UTHY's 0.15% expense ratio.
Dividends
EMLC vs. UTHY - Dividend Comparison
EMLC's dividend yield for the trailing twelve months is around 6.16%, more than UTHY's 4.62% 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 | 6.16% | 5.91% | 6.55% | 5.97% | 5.54% | 5.25% | 4.90% | 6.25% | 6.50% | 5.34% | 5.32% | 6.25% |
UTHY US Treasury 30 Year Bond ETF | 4.62% | 4.53% | 4.58% | 2.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMLC and UTHY have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTHY has higher volatility (2.79%) compared to EMLC (2.44%). In terms of maximum drawdown, EMLC dropped -32.43% vs UTHY's -21.86%.
On 3-year performance, EMLC leads with 6.63% vs -1.74% for UTHY. On fees, UTHY is cheaper at 0.15% per year. On volatility, EMLC has been the lower-risk option at 2.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EMLC has performed better with a 6.63% return vs -1.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTHY is cheaper with a 0.15% expense ratio, compared with 0.30% for EMLC.
EMLC has the higher dividend yield at 6.16%, compared with 4.62% for UTHY.
EMLC is categorized as Emerging Markets Bonds, while UTHY is Government Bonds. EMLC tracks J.P. Morgan Government Bond Index Emerging Markets Global Core Index, while UTHY tracks ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross. They also come from different issuers: VanEck and US Benchmark Series. Their fees differ too: 0.30% for EMLC and 0.15% for UTHY.
EMLC currently has the higher Sharpe Ratio (1.25 vs 0.26), 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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