EMLC vs. VOO
Compare and contrast key facts about VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) and Vanguard S&P 500 ETF (VOO).
EMLC and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both EMLC and VOO 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 VOO.
Key characteristics
| EMLC | VOO | |
|---|---|---|
| YTD Return | -0.81% | 25.62% |
| 1Y Return | 4.05% | 37.28% |
| 3Y Return (Ann) | -1.17% | 9.75% |
| 5Y Return (Ann) | -1.25% | 15.74% |
| 10Y Return (Ann) | -0.68% | 13.34% |
| Sharpe Ratio | 0.54 | 3.06 |
| Sortino Ratio | 0.83 | 4.08 |
| Omega Ratio | 1.10 | 1.57 |
| Calmar Ratio | 0.19 | 4.46 |
| Martin Ratio | 1.72 | 20.36 |
| Ulcer Index | 2.40% | 1.85% |
| Daily Std Dev | 7.70% | 12.32% |
| Max Drawdown | -32.31% | -33.99% |
| Current Drawdown | -18.27% | 0.00% |
Correlation
The correlation between EMLC and VOO is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EMLC vs. VOO - Performance Comparison
In the year-to-date period, EMLC achieves a -0.81% return, which is significantly lower than VOO's 25.62% return. Over the past 10 years, EMLC has underperformed VOO with an annualized return of -0.68%, while VOO has yielded a comparatively higher 13.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EMLC vs. VOO - Expense Ratio Comparison
EMLC has a 0.30% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
EMLC vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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.
Dividends
EMLC vs. VOO - Dividend Comparison
EMLC's dividend yield for the trailing twelve months is around 6.32%, more than VOO's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | 6.32% | 5.96% | 5.68% | 5.25% | 4.90% | 6.26% | 6.50% | 5.34% | 5.31% | 6.26% | 5.98% | 5.18% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
EMLC vs. VOO - Drawdown Comparison
The maximum EMLC drawdown since its inception was -32.31%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for EMLC and VOO. For additional features, visit the drawdowns tool.
Volatility
EMLC vs. VOO - Volatility Comparison
The current volatility for VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) is 1.96%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.94%. This indicates that EMLC experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.