SCHH vs. EMLC
SCHH (Schwab US REIT ETF) and EMLC (VanEck Vectors J.P. Morgan EM Local Currency Bond ETF) are both exchange-traded funds - SCHH is a REIT fund tracking the Dow Jones Equity All REIT Capped 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, SCHH returned 4.14%/yr vs 1.99%/yr for EMLC. At a 0.37 correlation, their price movements are largely independent. SCHH charges 0.07%/yr vs 0.30%/yr for EMLC.
Performance
SCHH vs. EMLC - Performance Comparison
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Returns By Period
In the year-to-date period, SCHH achieves a 12.43% return, which is significantly higher than EMLC's -0.23% return. Over the past 10 years, SCHH has outperformed EMLC with an annualized return of 4.14%, while EMLC has yielded a comparatively lower 1.99% annualized return.
SCHH
- 1D
- -1.35%
- 1M
- -0.72%
- YTD
- 12.43%
- 6M
- 12.55%
- 1Y
- 12.92%
- 3Y*
- 9.97%
- 5Y*
- 2.78%
- 10Y*
- 4.14%
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%
SCHH vs. EMLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHH Schwab US REIT ETF | 12.43% | 2.20% | 4.99% | 11.18% | -24.99% | 41.07% | -14.81% | 22.85% | -4.26% | 3.68% |
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 SCHH and EMLC is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2011 | 0.37 |
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Return for Risk
SCHH vs. EMLC — Risk / Return Rank
SCHH
EMLC
SCHH vs. EMLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab US REIT ETF (SCHH) 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.
| SCHH | EMLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.28 | +0.29 |
| Martin ratioReturn relative to average drawdown | 4.92 | 4.34 | +0.58 |
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
| SCHH | EMLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.14 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.11 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.20 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.10 | +0.24 |
Drawdowns
SCHH vs. EMLC - Drawdown Comparison
The maximum SCHH drawdown since its inception was -44.22%, which is greater than EMLC's maximum drawdown of -32.43%. Use the drawdown chart below to compare losses from any high point for SCHH and EMLC.
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Drawdown Indicators
| SCHH | EMLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.22% | -32.43% | -11.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -6.19% | -2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -17.76% | -9.15% | -8.61% |
Max Drawdown (5Y)Largest decline over 5 years | -33.28% | -25.26% | -8.02% |
Max Drawdown (10Y)Largest decline over 10 years | -44.22% | -26.47% | -17.75% |
Current DrawdownCurrent decline from peak | -2.01% | -5.38% | +3.37% |
Average DrawdownAverage peak-to-trough decline | -9.45% | -14.36% | +4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 1.82% | +0.81% |
Volatility
SCHH vs. EMLC - Volatility Comparison
Schwab US REIT ETF (SCHH) has a higher volatility of 4.21% compared to VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) at 2.20%. This indicates that SCHH'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.
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Volatility by Period
| SCHH | EMLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 2.20% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 6.08% | +3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 7.00% | +6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.72% | 9.13% | +9.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.98% | 10.05% | +10.93% |
SCHH vs. EMLC - Expense Ratio Comparison
SCHH has a 0.07% expense ratio, which is lower than EMLC's 0.30% expense ratio.
Dividends
SCHH vs. EMLC - Dividend Comparison
SCHH's dividend yield for the trailing twelve months is around 2.79%, less than EMLC's 6.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SCHH Schwab US REIT ETF | 2.79% | 3.04% | 3.22% | 3.24% | 2.55% | 1.50% | 2.86% | 2.86% | 3.64% | 2.22% | 2.81% | 2.48% |
Frequently Asked Questions
SCHH and EMLC have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHH has higher volatility (4.21%) compared to EMLC (2.20%). In terms of maximum drawdown, SCHH dropped -44.22% vs EMLC's -32.43%.
On 10-year performance, SCHH leads with 4.14% vs 1.99% for EMLC. On fees, SCHH is cheaper at 0.07% 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, SCHH has performed better with a 4.14% return vs 1.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHH is cheaper with a 0.07% expense ratio, compared with 0.30% for EMLC.
EMLC has the higher dividend yield at 6.26%, compared with 2.79% for SCHH.
SCHH is categorized as REIT, while EMLC is Emerging Markets Bonds. SCHH tracks Dow Jones Equity All REIT Capped Index, while EMLC tracks J.P. Morgan Government Bond Index Emerging Markets Global Core Index. They also come from different issuers: Charles Schwab and VanEck. Their fees differ too: 0.07% for SCHH and 0.30% for EMLC.
EMLC currently has the higher Sharpe Ratio (1.14 vs 0.97), 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.
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