EMLIX vs. EMLC
Compare and contrast key facts about MFS Emerging Markets Debt Local Currency Fund (EMLIX) and VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC).
EMLIX is managed by MFS. It was launched on Sep 14, 2011. 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.
Performance
EMLIX vs. EMLC - Performance Comparison
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EMLIX vs. EMLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMLIX MFS Emerging Markets Debt Local Currency Fund | -3.34% | 19.53% | -4.66% | 12.67% | -10.19% | -7.97% | 2.68% | 15.91% | -5.99% | 14.59% |
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | -1.86% | 18.81% | -2.97% | 11.18% | -10.58% | -9.72% | 3.08% | 9.79% | -7.57% | 13.84% |
Returns By Period
In the year-to-date period, EMLIX achieves a -3.34% return, which is significantly lower than EMLC's -1.86% return. Over the past 10 years, EMLIX has outperformed EMLC with an annualized return of 2.75%, while EMLC has yielded a comparatively lower 1.81% annualized return.
EMLIX
- 1D
- -0.35%
- 1M
- -6.80%
- YTD
- -3.34%
- 6M
- -0.21%
- 1Y
- 10.32%
- 3Y*
- 5.45%
- 5Y*
- 1.99%
- 10Y*
- 2.75%
EMLC
- 1D
- 1.13%
- 1M
- -5.14%
- YTD
- -1.86%
- 6M
- 1.38%
- 1Y
- 11.82%
- 3Y*
- 6.15%
- 5Y*
- 1.72%
- 10Y*
- 1.81%
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EMLIX vs. EMLC - Expense Ratio Comparison
EMLIX has a 0.85% expense ratio, which is higher than EMLC's 0.30% expense ratio.
Return for Risk
EMLIX vs. EMLC — Risk / Return Rank
EMLIX
EMLC
EMLIX vs. EMLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Emerging Markets Debt Local Currency Fund (EMLIX) and VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC). 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.
| EMLIX | EMLC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.91 | 1.68 | +0.23 |
Sortino ratioReturn per unit of downside risk | 2.61 | 2.28 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.33 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.95 | -0.32 |
Martin ratioReturn relative to average drawdown | 7.54 | 8.57 | -1.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMLIX | EMLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 1.68 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.19 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.18 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.09 | -0.04 |
Correlation
The correlation between EMLIX and EMLC is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EMLIX vs. EMLC - Dividend Comparison
EMLIX's dividend yield for the trailing twelve months is around 3.06%, less than EMLC's 6.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLIX MFS Emerging Markets Debt Local Currency Fund | 3.06% | 3.48% | 5.32% | 3.64% | 3.60% | 4.49% | 4.13% | 4.71% | 5.60% | 4.48% | 4.59% | 6.93% |
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | 6.10% | 5.91% | 6.55% | 5.97% | 5.54% | 5.25% | 4.90% | 6.25% | 6.50% | 5.34% | 5.32% | 6.25% |
Drawdowns
EMLIX vs. EMLC - Drawdown Comparison
The maximum EMLIX drawdown since its inception was -34.15%, which is greater than EMLC's maximum drawdown of -32.43%. Use the drawdown chart below to compare losses from any high point for EMLIX and EMLC.
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Drawdown Indicators
| EMLIX | EMLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.15% | -32.43% | -1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -6.19% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -24.72% | -25.26% | +0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -33.42% | -26.47% | -6.95% |
Current DrawdownCurrent decline from peak | -7.71% | -6.92% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -16.68% | -14.48% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 1.41% | +0.05% |
Volatility
EMLIX vs. EMLC - Volatility Comparison
The current volatility for MFS Emerging Markets Debt Local Currency Fund (EMLIX) is 3.24%, while VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) has a volatility of 4.03%. This indicates that EMLIX experiences smaller price fluctuations and is considered to be less risky than EMLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMLIX | EMLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 4.03% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 4.44% | 5.04% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.91% | 7.08% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.51% | 9.11% | -1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.35% | 10.13% | +3.22% |