EMLP.L vs. VEMA.L
Compare and contrast key facts about PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc (EMLP.L) and Vanguard USD Emerging Markets Government Bond UCITS ETF Accumulating (VEMA.L).
EMLP.L and VEMA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMLP.L is a passively managed fund by PIMCO that tracks the performance of the JPM GBI-EM Global Diversified TR USD. It was launched on Sep 19, 2011. VEMA.L is a passively managed fund by Vanguard that tracks the performance of the JPM EMBI Global Diversified TR USD. It was launched on Feb 19, 2019. Both EMLP.L and VEMA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EMLP.L vs. VEMA.L - Performance Comparison
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EMLP.L vs. VEMA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMLP.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc | 0.74% | 9.10% | -1.68% | 7.52% | 5.55% | -4.33% | -1.55% | 7.43% |
VEMA.L Vanguard USD Emerging Markets Government Bond UCITS ETF Accumulating | 0.09% | 4.15% | 8.11% | 3.45% | -5.29% | -0.35% | 2.49% | 8.03% |
Returns By Period
In the year-to-date period, EMLP.L achieves a 0.74% return, which is significantly higher than VEMA.L's 0.09% return.
EMLP.L
- 1D
- 0.49%
- 1M
- -3.07%
- YTD
- 0.74%
- 6M
- 3.28%
- 1Y
- 8.78%
- 3Y*
- 3.98%
- 5Y*
- 4.77%
- 10Y*
- 3.92%
VEMA.L
- 1D
- 0.05%
- 1M
- -1.46%
- YTD
- 0.09%
- 6M
- 2.82%
- 1Y
- 5.48%
- 3Y*
- 5.34%
- 5Y*
- 3.06%
- 10Y*
- —
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EMLP.L vs. VEMA.L - Expense Ratio Comparison
EMLP.L has a 0.61% expense ratio, which is higher than VEMA.L's 0.25% expense ratio.
Return for Risk
EMLP.L vs. VEMA.L — Risk / Return Rank
EMLP.L
VEMA.L
EMLP.L vs. VEMA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc (EMLP.L) and Vanguard USD Emerging Markets Government Bond UCITS ETF Accumulating (VEMA.L). 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.
| EMLP.L | VEMA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 0.75 | +0.82 |
Sortino ratioReturn per unit of downside risk | 2.30 | 1.05 | +1.25 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.14 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 1.07 | +0.90 |
Martin ratioReturn relative to average drawdown | 7.03 | 2.29 | +4.74 |
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
| EMLP.L | VEMA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 0.75 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.37 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.29 | +0.03 |
Correlation
The correlation between EMLP.L and VEMA.L is 0.62, 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.
Dividends
EMLP.L vs. VEMA.L - Dividend Comparison
Neither EMLP.L nor VEMA.L has paid dividends to shareholders.
Drawdowns
EMLP.L vs. VEMA.L - Drawdown Comparison
The maximum EMLP.L drawdown since its inception was -20.02%, which is greater than VEMA.L's maximum drawdown of -14.59%. Use the drawdown chart below to compare losses from any high point for EMLP.L and VEMA.L.
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Drawdown Indicators
| EMLP.L | VEMA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.02% | -14.59% | -5.43% |
Max Drawdown (1Y)Largest decline over 1 year | -4.29% | -4.93% | +0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -11.25% | -11.41% | +0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -19.12% | — | — |
Current DrawdownCurrent decline from peak | -3.07% | -1.99% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -6.39% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 2.13% | -0.93% |
Volatility
EMLP.L vs. VEMA.L - Volatility Comparison
PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc (EMLP.L) has a higher volatility of 2.47% compared to Vanguard USD Emerging Markets Government Bond UCITS ETF Accumulating (VEMA.L) at 1.90%. This indicates that EMLP.L's price experiences larger fluctuations and is considered to be riskier than VEMA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMLP.L | VEMA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 1.90% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.24% | 4.43% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.58% | 7.29% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.14% | 8.20% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.64% | 9.58% | +0.06% |