PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
HYEM vs. EMLC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HYEM and EMLC is 0.42, 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.


-0.50.00.51.00.4

Performance

HYEM vs. EMLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) and VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
4.76%
0.53%
HYEM
EMLC

Key characteristics

Sharpe Ratio

HYEM:

2.13

EMLC:

-0.36

Sortino Ratio

HYEM:

3.09

EMLC:

-0.44

Omega Ratio

HYEM:

1.41

EMLC:

0.95

Calmar Ratio

HYEM:

1.19

EMLC:

-0.12

Martin Ratio

HYEM:

23.13

EMLC:

-0.85

Ulcer Index

HYEM:

0.50%

EMLC:

3.16%

Daily Std Dev

HYEM:

5.47%

EMLC:

7.54%

Max Drawdown

HYEM:

-30.96%

EMLC:

-32.31%

Current Drawdown

HYEM:

-1.32%

EMLC:

-19.69%

Returns By Period

In the year-to-date period, HYEM achieves a 11.59% return, which is significantly higher than EMLC's -2.53% return. Over the past 10 years, HYEM has outperformed EMLC with an annualized return of 4.63%, while EMLC has yielded a comparatively lower -0.35% annualized return.


HYEM

YTD

11.59%

1M

0.12%

6M

4.76%

1Y

11.87%

5Y*

2.10%

10Y*

4.63%

EMLC

YTD

-2.53%

1M

-0.91%

6M

0.53%

1Y

-2.64%

5Y*

-1.83%

10Y*

-0.35%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


HYEM vs. EMLC - Expense Ratio Comparison

HYEM has a 0.40% expense ratio, which is higher than EMLC's 0.30% expense ratio.


HYEM
VanEck Vectors Emerging Markets High Yield Bond ETF
Expense ratio chart for HYEM: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%
Expense ratio chart for EMLC: current value at 0.30% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.30%

Risk-Adjusted Performance

HYEM vs. EMLC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) 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.


Sharpe ratio
The chart of Sharpe ratio for HYEM, currently valued at 2.13, compared to the broader market0.002.004.002.13-0.36
The chart of Sortino ratio for HYEM, currently valued at 3.09, compared to the broader market-2.000.002.004.006.008.0010.003.09-0.44
The chart of Omega ratio for HYEM, currently valued at 1.41, compared to the broader market0.501.001.502.002.503.001.410.95
The chart of Calmar ratio for HYEM, currently valued at 1.19, compared to the broader market0.005.0010.0015.001.19-0.12
The chart of Martin ratio for HYEM, currently valued at 23.13, compared to the broader market0.0020.0040.0060.0080.00100.0023.13-0.85
HYEM
EMLC

The current HYEM Sharpe Ratio is 2.13, which is higher than the EMLC Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of HYEM and EMLC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
2.13
-0.36
HYEM
EMLC

Dividends

HYEM vs. EMLC - Dividend Comparison

HYEM's dividend yield for the trailing twelve months is around 6.26%, less than EMLC's 6.49% yield.


TTM20232022202120202019201820172016201520142013
HYEM
VanEck Vectors Emerging Markets High Yield Bond ETF
6.26%6.28%6.47%5.34%5.56%6.15%5.71%5.87%6.25%7.64%6.77%6.14%
EMLC
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF
6.49%5.96%5.68%5.25%4.90%6.26%6.50%5.34%5.31%6.26%5.98%5.18%

Drawdowns

HYEM vs. EMLC - Drawdown Comparison

The maximum HYEM drawdown since its inception was -30.96%, roughly equal to the maximum EMLC drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for HYEM and EMLC. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.32%
-19.69%
HYEM
EMLC

Volatility

HYEM vs. EMLC - Volatility Comparison

The current volatility for VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) is 1.71%, while VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) has a volatility of 2.21%. This indicates that HYEM 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.


1.00%1.50%2.00%2.50%3.00%JulyAugustSeptemberOctoberNovemberDecember
1.71%
2.21%
HYEM
EMLC
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab