LEMB vs. VMNVX
Compare and contrast key facts about iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) and Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX).
LEMB is a passively managed fund by iShares that tracks the performance of the J.P. Morgan GBI-EM Global 15 cap 4.5 floor. It was launched on Oct 18, 2011. VMNVX is managed by Vanguard. It was launched on Dec 12, 2013.
Performance
LEMB vs. VMNVX - Performance Comparison
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LEMB vs. VMNVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | -1.85% | 18.02% | -1.72% | 7.23% | -10.74% | -9.92% | 3.10% | 6.40% | -7.49% | 12.49% |
VMNVX Vanguard Global Minimum Volatility Fund Admiral Shares | 1.71% | 12.83% | 13.42% | 7.94% | -4.46% | 15.40% | -3.94% | 22.66% | -1.70% | 16.03% |
Returns By Period
In the year-to-date period, LEMB achieves a -1.85% return, which is significantly lower than VMNVX's 1.71% return. Over the past 10 years, LEMB has underperformed VMNVX with an annualized return of 1.00%, while VMNVX has yielded a comparatively higher 8.25% annualized return.
LEMB
- 1D
- 0.94%
- 1M
- -5.03%
- YTD
- -1.85%
- 6M
- 1.44%
- 1Y
- 11.60%
- 3Y*
- 5.53%
- 5Y*
- 0.81%
- 10Y*
- 1.00%
VMNVX
- 1D
- 0.22%
- 1M
- -5.84%
- YTD
- 1.71%
- 6M
- 2.90%
- 1Y
- 8.16%
- 3Y*
- 11.47%
- 5Y*
- 8.47%
- 10Y*
- 8.25%
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LEMB vs. VMNVX - Expense Ratio Comparison
LEMB has a 0.30% expense ratio, which is higher than VMNVX's 0.14% expense ratio.
Return for Risk
LEMB vs. VMNVX — Risk / Return Rank
LEMB
VMNVX
LEMB vs. VMNVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) and Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX). 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.
| LEMB | VMNVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 0.91 | +0.79 |
Sortino ratioReturn per unit of downside risk | 2.29 | 1.30 | +0.98 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.20 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.08 | +0.91 |
Martin ratioReturn relative to average drawdown | 8.51 | 5.25 | +3.25 |
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
| LEMB | VMNVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 0.91 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.90 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 0.69 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.76 | -0.73 |
Correlation
The correlation between LEMB and VMNVX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
LEMB vs. VMNVX - Dividend Comparison
LEMB's dividend yield for the trailing twelve months is around 2.49%, less than VMNVX's 9.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | 2.49% | 2.44% | 0.00% | 1.34% | 0.86% | 3.89% | 0.00% | 4.39% | 3.46% | 0.00% | 0.00% | 0.64% |
VMNVX Vanguard Global Minimum Volatility Fund Admiral Shares | 9.90% | 10.07% | 3.84% | 3.13% | 5.03% | 6.33% | 2.15% | 4.62% | 7.37% | 2.31% | 2.82% | 3.30% |
Drawdowns
LEMB vs. VMNVX - Drawdown Comparison
The maximum LEMB drawdown since its inception was -30.82%, smaller than the maximum VMNVX drawdown of -33.11%. Use the drawdown chart below to compare losses from any high point for LEMB and VMNVX.
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Drawdown Indicators
| LEMB | VMNVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.82% | -33.11% | +2.29% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -7.93% | +1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -25.29% | -12.93% | -12.36% |
Max Drawdown (10Y)Largest decline over 10 years | -29.09% | -33.11% | +4.02% |
Current DrawdownCurrent decline from peak | -7.73% | -6.04% | -1.69% |
Average DrawdownAverage peak-to-trough decline | -12.83% | -2.82% | -10.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 1.63% | -0.23% |
Volatility
LEMB vs. VMNVX - Volatility Comparison
iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) has a higher volatility of 3.56% compared to Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) at 2.59%. This indicates that LEMB's price experiences larger fluctuations and is considered to be riskier than VMNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEMB | VMNVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 2.59% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 4.71% | 4.89% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 10.05% | -3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 9.52% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.33% | 11.96% | -2.63% |