VWOB vs. EMLC
Compare and contrast key facts about Vanguard Emerging Markets Government Bond ETF (VWOB) and VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC).
VWOB and EMLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VWOB is a passively managed fund by Vanguard that tracks the performance of the Barclays USD Emerging Markets Government RIC Capped Index. It was launched on May 31, 2013. EMLC is a passively managed fund by VanEck that tracks the performance of the J.P. Morgan Government Bond Index Emerging Markets Global Core Index. It was launched on Jul 22, 2010. Both VWOB and EMLC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWOB or EMLC.
Performance
VWOB vs. EMLC - Performance Comparison
Returns By Period
In the year-to-date period, VWOB achieves a 6.28% return, which is significantly higher than EMLC's -1.48% return. Over the past 10 years, VWOB has outperformed EMLC with an annualized return of 2.81%, while EMLC has yielded a comparatively lower -0.83% annualized return.
VWOB
6.28%
0.28%
5.27%
12.40%
0.71%
2.81%
EMLC
-1.48%
-1.93%
0.35%
1.48%
-1.11%
-0.83%
Key characteristics
| VWOB | EMLC | |
|---|---|---|
| Sharpe Ratio | 1.83 | 0.16 |
| Sortino Ratio | 2.67 | 0.28 |
| Omega Ratio | 1.33 | 1.03 |
| Calmar Ratio | 0.83 | 0.05 |
| Martin Ratio | 9.23 | 0.45 |
| Ulcer Index | 1.41% | 2.68% |
| Daily Std Dev | 7.09% | 7.66% |
| Max Drawdown | -26.97% | -32.31% |
| Current Drawdown | -4.94% | -18.82% |
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VWOB vs. EMLC - Expense Ratio Comparison
VWOB has a 0.20% expense ratio, which is lower than EMLC's 0.30% expense ratio.
Correlation
The correlation between VWOB and EMLC is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
VWOB vs. EMLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Government Bond ETF (VWOB) 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.
Dividends
VWOB vs. EMLC - Dividend Comparison
VWOB's dividend yield for the trailing twelve months is around 5.84%, less than EMLC's 6.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWOB Vanguard Emerging Markets Government Bond ETF | 5.84% | 5.50% | 5.31% | 4.04% | 4.18% | 4.58% | 4.53% | 4.61% | 4.71% | 4.93% | 4.49% | 2.39% |
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | 6.36% | 5.96% | 5.68% | 5.25% | 4.90% | 6.26% | 6.50% | 5.34% | 5.31% | 6.26% | 5.98% | 5.18% |
Drawdowns
VWOB vs. EMLC - Drawdown Comparison
The maximum VWOB drawdown since its inception was -26.97%, smaller than the maximum EMLC drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for VWOB and EMLC. For additional features, visit the drawdowns tool.
Volatility
VWOB vs. EMLC - Volatility Comparison
The current volatility for Vanguard Emerging Markets Government Bond ETF (VWOB) is 1.78%, while VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) has a volatility of 2.99%. This indicates that VWOB experiences smaller price fluctuations and is considered to be less risky than EMLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.