WIP vs. EMLC
Compare and contrast key facts about SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) and VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC).
WIP and EMLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WIP is a passively managed fund by State Street that tracks the performance of the FTSE International Inflation-Linked Securities Select (USD). It was launched on Mar 13, 2008. 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 WIP 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: WIP or EMLC.
Correlation
The correlation between WIP and EMLC is 0.64, 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.
Performance
WIP vs. EMLC - Performance Comparison
Key characteristics
WIP:
-0.80
EMLC:
-0.30
WIP:
-1.08
EMLC:
-0.37
WIP:
0.87
EMLC:
0.96
WIP:
-0.37
EMLC:
-0.10
WIP:
-1.39
EMLC:
-0.75
WIP:
5.40%
EMLC:
3.07%
WIP:
9.31%
EMLC:
7.51%
WIP:
-29.59%
EMLC:
-32.31%
WIP:
-20.44%
EMLC:
-19.97%
Returns By Period
In the year-to-date period, WIP achieves a -9.23% return, which is significantly lower than EMLC's -2.87% return. Over the past 10 years, WIP has underperformed EMLC with an annualized return of -0.68%, while EMLC has yielded a comparatively higher -0.46% annualized return.
WIP
-9.23%
-2.65%
-4.12%
-8.90%
-2.63%
-0.68%
EMLC
-2.87%
-1.87%
0.73%
-2.94%
-1.83%
-0.46%
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WIP vs. EMLC - Expense Ratio Comparison
WIP has a 0.50% expense ratio, which is higher than EMLC's 0.30% expense ratio.
Risk-Adjusted Performance
WIP vs. EMLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) 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
WIP vs. EMLC - Dividend Comparison
WIP's dividend yield for the trailing twelve months is around 5.45%, less than EMLC's 6.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 5.45% | 6.54% | 11.15% | 4.63% | 1.59% | 2.49% | 4.05% | 1.92% | 1.26% | 1.14% | 2.56% | 2.39% |
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | 6.51% | 5.96% | 5.68% | 5.25% | 4.90% | 6.26% | 6.50% | 5.34% | 5.31% | 6.26% | 5.98% | 5.18% |
Drawdowns
WIP vs. EMLC - Drawdown Comparison
The maximum WIP drawdown since its inception was -29.59%, smaller than the maximum EMLC drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for WIP and EMLC. For additional features, visit the drawdowns tool.
Volatility
WIP vs. EMLC - Volatility Comparison
SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) has a higher volatility of 2.55% compared to VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) at 1.98%. This indicates that WIP'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.