SOBO.TO vs. EMLC
SOBO.TO (South Bow Corp) is a stock, while EMLC (VanEck Vectors J.P. Morgan EM Local Currency Bond ETF) is Emerging Markets Bonds fund tracking the J.P. Morgan Government Bond Index Emerging Markets Global Core Index. Over the past year, SOBO.TO returned 55.36% vs 12.24% for EMLC. At a correlation of -0.04, they often move in opposite directions.
Performance
SOBO.TO vs. EMLC - Performance Comparison
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Different Trading Currencies
SOBO.TO is traded in CAD, while EMLC is traded in USD. To make them comparable, the EMLC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SOBO.TO achieves a 43.31% return, which is significantly higher than EMLC's 3.46% return.
SOBO.TO
- 1D
- 1.25%
- 1M
- 4.02%
- YTD
- 43.31%
- 6M
- 46.62%
- 1Y
- 55.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMLC
- 1D
- 0.46%
- 1M
- 2.71%
- YTD
- 3.46%
- 6M
- 3.96%
- 1Y
- 12.24%
- 3Y*
- 8.23%
- 5Y*
- 4.33%
- 10Y*
- 3.16%
SOBO.TO vs. EMLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOBO.TO South Bow Corp | 43.31% | 19.87% | 23.73% |
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | 3.46% | 13.39% | -1.57% |
Correlation
The correlation between SOBO.TO and EMLC is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | -0.04 |
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Return for Risk
SOBO.TO vs. EMLC — Risk / Return Rank
SOBO.TO
EMLC
SOBO.TO vs. EMLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for South Bow Corp (SOBO.TO) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SOBO.TO | EMLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.25 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.48 | 2.02 | +2.45 |
| Martin ratioReturn relative to average drawdown | 11.83 | 6.35 | +5.48 |
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Drawdowns
SOBO.TO vs. EMLC - Drawdown Comparison
The maximum SOBO.TO drawdown since its inception was -26.40%, which is greater than EMLC's maximum drawdown of -23.97%. Use the drawdown chart below to compare losses from any high point for SOBO.TO and EMLC.
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Drawdown Indicators
| SOBO.TO | EMLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.40% | -23.97% | -2.43% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -5.57% | -6.52% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.28% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.97% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -5.77% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 1.77% | +2.83% |
Volatility
SOBO.TO vs. EMLC - Volatility Comparison
South Bow Corp (SOBO.TO) has a higher volatility of 7.30% compared to VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) at 2.60%. This indicates that SOBO.TO'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
| SOBO.TO | EMLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 2.60% | +4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 14.84% | 6.76% | +8.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.97% | 8.21% | +11.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.55% | 11.04% | +33.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.55% | 11.77% | +32.78% |
Dividends
SOBO.TO vs. EMLC - Dividend Comparison
SOBO.TO's dividend yield for the trailing twelve months is around 5.18%, less than EMLC's 6.16% 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 | 6.16% | 5.91% | 6.55% | 5.97% | 5.54% | 5.25% | 4.90% | 6.25% | 6.50% | 5.34% | 5.32% | 6.25% |
SOBO.TO South Bow Corp | 5.18% | 7.37% | 2.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOBO.TO and EMLC have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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