UTHY vs. EMLC
UTHY (US Treasury 30 Year Bond ETF) and EMLC (VanEck J.P. Morgan EM Local Currency Bond ETF) are both exchange-traded funds - UTHY is a Government Bonds fund tracking the ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross, while EMLC is a Emerging Markets Bonds fund tracking the J.P. Morgan GBI-EM Global Core Index. Both are passively managed. Over the past 3 years, UTHY returned -1.17%/yr vs 6.68%/yr for EMLC. Their 0.41 correlation means their historical movements had little consistent relationship. UTHY charges 0.15%/yr vs 0.30%/yr for EMLC.
Performance
UTHY vs. EMLC - Performance Comparison
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Returns By Period
In the year-to-date period, UTHY achieves a -2.44% return, which is significantly lower than EMLC's 2.50% return.
UTHY
- 1D
- 0.77%
- 1M
- -2.84%
- 6M
- -2.13%
- YTD
- -2.44%
- 1Y
- -1.50%
- 3Y*
- -1.17%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.02%
EMLC
- 1D
- 0.55%
- 1M
- 0.75%
- 6M
- 0.20%
- YTD
- 2.50%
- 1Y
- 8.61%
- 3Y*
- 6.68%
- 5Y*
- 2.09%
- 10Y*
- 1.86%
- ALL TIME*
- 1.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.57M | $37.57M | $52.43M | |
| $5.77M | $5.13M | $5.93M |
UTHY vs. EMLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UTHY US Treasury 30 Year Bond ETF | -2.44% | 3.47% | -8.07% | -2.77% |
EMLC VanEck J.P. Morgan EM Local Currency Bond ETF | 2.50% | 18.81% | -2.97% | 7.32% |
Correlation
The correlation between UTHY and EMLC is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.41 |
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Return for Risk
UTHY vs. EMLC — Risk / Return Rank
UTHY
EMLC
UTHY vs. EMLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 30 Year Bond ETF (UTHY) and VanEck 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.
| UTHY | EMLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.23 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.40 | -1.60 |
| Martin ratioReturn relative to average drawdown | -0.44 | 4.39 | -4.83 |
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Drawdowns
UTHY vs. EMLC - Drawdown Comparison
The maximum UTHY drawdown since its inception was -21.86%, smaller than the maximum EMLC drawdown of -32.43%. Use the drawdown chart below to compare losses from any high point for UTHY and EMLC.
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Drawdown Indicators
| UTHY | EMLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.86% | -32.43% | +10.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -6.19% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -14.90% | -7.94% | -6.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.60% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.47% | — |
Current DrawdownCurrent decline from peak | -13.30% | -2.79% | -10.51% |
Average DrawdownAverage peak-to-trough decline | -10.75% | -14.25% | +3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 1.97% | +1.49% |
Volatility
UTHY vs. EMLC - Volatility Comparison
US Treasury 30 Year Bond ETF (UTHY) has a higher volatility of 2.54% compared to VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC) at 1.84%. This indicates that UTHY'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
| UTHY | EMLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 1.84% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 6.63% | 6.39% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.92% | 7.13% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.46% | 9.13% | +4.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.46% | 9.92% | +3.54% |
UTHY vs. EMLC - Expense Ratio Comparison
UTHY has a 0.15% expense ratio, which is lower than EMLC's 0.30% expense ratio.
Dividends
UTHY vs. EMLC - Dividend Comparison
UTHY's dividend yield for the trailing twelve months is around 4.81%, less than EMLC's 6.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLC VanEck J.P. Morgan EM Local Currency Bond ETF | 6.22% | 5.91% | 6.55% | 5.97% | 5.54% | 5.25% | 4.90% | 6.25% | 6.50% | 5.34% | 5.32% | 6.25% |
UTHY US Treasury 30 Year Bond ETF | 4.81% | 4.53% | 4.58% | 2.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UTHY and EMLC have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTHY has higher volatility (2.54%) compared to EMLC (1.84%). In terms of maximum drawdown, UTHY dropped -21.86% vs EMLC's -32.43%.
On 3-year performance, EMLC leads with 6.68% vs -1.17% for UTHY. On fees, UTHY is cheaper at 0.15% per year. On volatility, EMLC has been the lower-risk option at 1.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EMLC has performed better with a 6.68% return vs -1.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTHY is cheaper with a 0.15% expense ratio, compared with 0.30% for EMLC.
EMLC has the higher dividend yield at 6.22%, compared with 4.81% for UTHY.
UTHY is categorized as Government Bonds, while EMLC is Emerging Markets Bonds. UTHY tracks ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross, while EMLC tracks J.P. Morgan GBI-EM Global Core Index. They also come from different issuers: US Benchmark Series and VanEck. Their fees differ too: 0.15% for UTHY and 0.30% for EMLC.
EMLC currently has the higher Sharpe Ratio (1.21 vs -0.17), 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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