PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
JPUS vs. EMLC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JPUS vs. EMLC

Last updated Jun 9, 2026

JPUS (JPMorgan Diversified Return US Equity ETF) and EMLC (VanEck Vectors J.P. Morgan EM Local Currency Bond ETF) are both exchange-traded funds - JPUS is a Large Cap Blend Equities fund tracking the JPMorgan Diversified Factor US Equity Index, while EMLC is a Emerging Markets Bonds fund tracking the J.P. Morgan Government Bond Index Emerging Markets Global Core Index. Both are passively managed. Over the past 10 years, JPUS returned 11.36%/yr vs 1.99%/yr for EMLC. At a 0.42 correlation, their price movements are largely independent. JPUS charges 0.18%/yr vs 0.30%/yr for EMLC.

Performance

JPUS vs. EMLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Diversified Return US Equity ETF (JPUS) and VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, JPUS achieves a 10.87% return, which is significantly higher than EMLC's -0.23% return. Over the past 10 years, JPUS has outperformed EMLC with an annualized return of 11.36%, while EMLC has yielded a comparatively lower 1.99% annualized return.

JPUS

1D
-0.29%
1M
0.86%
YTD
10.87%
6M
11.70%
1Y
19.87%
3Y*
15.41%
5Y*
9.35%
10Y*
11.36%

EMLC

1D
-0.16%
1M
-1.80%
YTD
-0.23%
6M
1.29%
1Y
7.90%
3Y*
6.04%
5Y*
0.97%
10Y*
1.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JPUS vs. EMLC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
JPUS
JPMorgan Diversified Return US Equity ETF		10.87%11.18%13.48%10.98%-8.47%29.09%7.54%25.50%-6.14%20.58%
EMLC
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF		-0.23%18.81%-2.97%11.18%-10.58%-9.72%3.08%9.79%-7.57%13.84%

Correlation

The correlation between JPUS and EMLC is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (5Y)
Calculated over the trailing 5-year period

0.45

Correlation (10Y)
Calculated over the trailing 10-year period

0.43

Correlation (All Time)
Calculated using the full available price history since Oct 1, 2015

0.42

Compare stocks, funds, or ETFs

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

JPMorgan Diversified Return US Equity ETF

VanEck Vectors J.P. Morgan EM Local Currency Bond ETF

Often compared with JPUS:
JPUS vs. SCHDJPUS vs. SPYJPUS vs. VOOJPUS vs. VTIJPUS vs. JEPIJPUS vs. ACLAXJPUS vs. IVV
Often compared with EMLC:
EMLC vs. LEMBEMLC vs. VWOBEMLC vs. EMBEMLC vs. EBNDEMLC vs. EMBDEMLC vs. EMHYEMLC vs. HYEM

Return for Risk

JPUS vs. EMLC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JPUS
JPUS Risk / Return Rank: 6565
Overall Rank
JPUS Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
JPUS Sortino Ratio Rank: 6868
Sortino Ratio Rank
JPUS Omega Ratio Rank: 6161
Omega Ratio Rank
JPUS Calmar Ratio Rank: 6464
Calmar Ratio Rank
JPUS Martin Ratio Rank: 6969
Martin Ratio Rank
EMLC
EMLC Risk / Return Rank: 3333
Overall Rank
EMLC Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
EMLC Sortino Ratio Rank: 3333
Sortino Ratio Rank
EMLC Omega Ratio Rank: 3737
Omega Ratio Rank
EMLC Calmar Ratio Rank: 2828
Calmar Ratio Rank
EMLC Martin Ratio Rank: 3232
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPUS vs. EMLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Return US Equity ETF (JPUS) 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.

JPUSEMLCDifference
Sharpe ratioReturn per unit of total volatility
1.92
1.14

+0.79

Sortino ratioReturn per unit of downside risk
2.78
1.60

+1.18

Omega ratioGain probability vs. loss probability

1.33

1.22

+0.11

Calmar ratioReturn relative to maximum drawdown

2.89

1.28

+1.61

Martin ratioReturn relative to average drawdown

11.60

4.34

+7.26

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPUS vs. EMLC - Sharpe Ratio Comparison

The current JPUS Sharpe Ratio is 1.92, which is higher than the EMLC Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of JPUS and EMLC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

JPUSEMLCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.92

1.14

+0.79

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.11

+0.54

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

0.20

+0.48

Sharpe Ratio (All Time)

Calculated using the full available price history

0.72

0.10

+0.62

Drawdowns

JPUS vs. EMLC - Drawdown Comparison

The maximum JPUS drawdown since its inception was -38.69%, which is greater than EMLC's maximum drawdown of -32.43%. Use the drawdown chart below to compare losses from any high point for JPUS and EMLC.

Loading charts...

Drawdown Indicators

JPUSEMLCDifference

Max Drawdown

Largest peak-to-trough decline

-38.69%

-32.43%

-6.26%

Max Drawdown (1Y)

Largest decline over 1 year

-6.90%

-6.19%

-0.71%

Max Drawdown (3Y)

Largest decline over 3 years

-15.96%

-9.15%

-6.81%

Max Drawdown (5Y)

Largest decline over 5 years

-19.04%

-25.26%

+6.22%

Max Drawdown (10Y)

Largest decline over 10 years

-38.69%

-26.47%

-12.22%

Current Drawdown

Current decline from peak

-1.02%

-5.38%

+4.36%

Average Drawdown

Average peak-to-trough decline

-3.82%

-14.36%

+10.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.72%

1.82%

-0.10%

Volatility

JPUS vs. EMLC - Volatility Comparison

JPMorgan Diversified Return US Equity ETF (JPUS) has a higher volatility of 2.55% compared to VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) at 2.20%. This indicates that JPUS's price experiences larger fluctuations and is considered to be riskier than EMLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

JPUSEMLCDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.55%

2.20%

+0.35%

Volatility (6M)

Calculated over the trailing 6-month period

7.61%

6.08%

+1.53%

Volatility (1Y)

Calculated over the trailing 1-year period

10.40%

7.00%

+3.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.51%

9.13%

+5.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.76%

10.05%

+6.71%

JPUS vs. EMLC - Expense Ratio Comparison

JPUS has a 0.18% expense ratio, which is lower than EMLC's 0.30% expense ratio.

Dividends

JPUS vs. EMLC - Dividend Comparison

JPUS's dividend yield for the trailing twelve months is around 2.06%, less than EMLC's 6.26% yield.

PositionTTM20252024202320222021202020192018201720162015
EMLC
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF		6.26%5.91%6.55%5.97%5.54%5.25%4.90%6.25%6.50%5.34%5.32%6.25%
JPUS
JPMorgan Diversified Return US Equity ETF		2.06%2.27%2.12%2.26%2.35%1.67%1.94%2.09%2.16%1.25%0.77%0.48%

Frequently Asked Questions

JPUS and EMLC have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

JPUS has higher volatility (2.55%) compared to EMLC (2.20%). In terms of maximum drawdown, JPUS dropped -38.69% vs EMLC's -32.43%.

On 10-year performance, JPUS leads with 11.36% vs 1.99% for EMLC. On fees, JPUS is cheaper at 0.18% per year. On volatility, EMLC has been the lower-risk option at 2.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, JPUS has performed better with a 11.36% return vs 1.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

JPUS is cheaper with a 0.18% expense ratio, compared with 0.30% for EMLC.

EMLC has the higher dividend yield at 6.26%, compared with 2.06% for JPUS.

JPUS is categorized as Large Cap Blend Equities, while EMLC is Emerging Markets Bonds. JPUS tracks JPMorgan Diversified Factor US Equity Index, while EMLC tracks J.P. Morgan Government Bond Index Emerging Markets Global Core Index. They also come from different issuers: JPMorgan and VanEck. Their fees differ too: 0.18% for JPUS and 0.30% for EMLC.

JPUS currently has the higher Sharpe Ratio (1.92 vs 1.14), 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.

Portfolio Optimizer

Find the right allocation for JPUS and EMLC

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer