VanEck J.P. Morgan EM Local Currency Bond ETF

10-Year Study

EMLC.US · · US · ETF

Executive Summary: VanEck J.P. Morgan EM Local Currency Bond ETF has compounded at 2.5% annually over the last 10 years, with a maximum drawdown of 25.5% and an annualized volatility of 10.7%.

1Y CAGR
+10.9%
3Y CAGR
+7.3%
5Y CAGR
+1.5%
10Y CAGR
+2.5%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
25.5%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.16
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.23
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
10.8%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +18.8%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -10.5%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
60%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20261.91.1-5.73.8————————0.9%
20251.90.91.33.11.43.2-1.42.51.10.41.41.418.8%
2024-1.5-0.2-0.7-2.22.3-1.42.32.93.1-4.5-0.5-2.2-3.0%
20234.3-2.93.80.6-0.62.81.8-2.5-4.5-0.25.62.911.2%
20220.3-4.9-0.3-5.51.4-4.2-0.1-0.5-4.9-0.17.50.9-10.5%
2021-1.9-2.5-2.92.22.4-1.1-0.50.6-3.5-1.4-2.81.2-9.7%
2020-1.3-3.0-11.82.46.70.13.20.2-1.70.05.73.63.1%
20195.4-1.3-1.80.8-0.45.80.2-4.20.73.4-2.44.210.3%
20183.7-0.71.2-3.5-5.4-3.42.9-6.72.4-1.52.71.3-7.6%
20172.21.62.21.31.60.52.31.4-0.6-2.81.62.013.8%
2016———2.3-5.36.10.7-0.62.2-1.3-7.32.5-1.2%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 10.7%. The dominant macroeconomic risk driver is UUP.US, accounting for 33.4% of variance. Idiosyncratic stock-specific factors contribute 7.7%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110233.537555621193
2016-05-019695.810425817763
2016-06-0110288.515592991014
2016-07-0110360.215719716822
2016-08-0110297.710360072795
2016-09-0110523.815875980217
2016-10-0110392.087736181646
2016-11-019631.447056245295
2016-12-019875.799182475632
2017-01-0110089.041552724604
2017-02-0110246.87711408181
2017-03-0110476.651008565903
2017-04-0110613.19091766634
2017-05-0110780.030680984459
2017-06-0110837.057293403586
2017-07-0111081.457060914141
2017-08-0111235.910091375974
2017-09-0111163.209497765623
2017-10-0110853.25532867719
2017-11-0111024.763937456528
2017-12-0111242.579870606281
2018-01-0111663.157092357385
2018-02-0111577.974483330316
2018-03-0111713.609208106638
2018-04-0111301.083362712121
2018-05-0110691.703747463102
2018-06-0110325.342302598356
2018-07-0110623.338510352449
2018-08-019907.90940534154
2018-09-0110147.116273308497
2018-10-019994.854741736619
2018-11-0110264.885518003639
2018-12-0110393.421692027707
2019-01-0110950.91995312098
2019-02-0110806.614515345254
2019-03-0110611.571114138978
2019-04-0110699.421634858172
2019-05-0110660.68927404217
2019-06-0111274.642452191974
2019-07-0111297.510266695885
2019-08-0110822.050290135394
2019-09-0110895.37022038856
2019-10-0111268.782574725346
2019-11-0110998.799439738545
2019-12-0111463.158998008594
2020-01-0111318.234223590056
2020-02-0110978.55189564654
2020-03-019687.711408180961
2020-04-019923.106973730597
2020-05-0110589.417918838313
2020-06-0110604.186715705424
2020-07-0110946.441672780631
2020-08-0110971.929757696447
2020-09-0110784.651885165456
2020-10-0110788.082057341044
2020-11-0111401.74938780955
2020-12-0111816.08560185229
2021-01-0111595.887604691712
2021-02-0111308.991815228057
2021-03-0110979.028308448704
2021-04-0111225.619574849215
2021-05-0111499.842783775284
2021-06-0111369.353317262341
2021-07-0111316.614420062693
2021-08-0111384.741450772264
2021-09-0110991.272117464341
2021-10-0110841.345008623071
2021-11-0110540.204476374689
2021-12-0110667.740183514212
2022-01-0110705.043305923717
2022-02-0110182.847233470857
2022-03-0110152.49973797296
2022-04-019589.046316852626
2022-05-019721.727282255528
2022-06-019317.49101961868
2022-07-019310.106621185125
2022-08-019260.845537441282
2022-09-018809.253842269249
2022-10-018800.535487989633
2022-11-019463.46390220198
2022-12-019551.457346761821
2023-01-019961.410563024649
2023-02-019676.372783489438
2023-03-0110046.212041809986
2023-04-0110101.85705710284
2023-05-0110045.592705167172
2023-06-0110324.008346752293
2023-07-0110513.620642013891
2023-08-0110254.547360196662
2023-09-019794.713723547178
2023-10-019776.514754504482
2023-11-0110321.864489142552
2023-12-0110619.1460776934
2024-01-0110459.976560490131
2024-02-0110437.251669826872
2024-03-0110367.743041991025
2024-04-0110135.158311974159
2024-05-0110365.980314623015
2024-06-0110218.006498270623
2024-07-0110454.545454545452
2024-08-0110754.161465826908
2024-09-0111087.078731979685
2024-10-0110592.657525893037
2024-11-0110540.871454297718
2024-12-0110305.09475850635
2025-01-0110505.759830778172
2025-02-0110604.615487227371
2025-03-0110746.44357843184
2025-04-0111080.266028908727
2025-05-0111233.766233766231
2025-06-0111596.221093653226
2025-07-0111432.71621995026
2025-08-0111720.89832397976
2025-09-0111853.579289382664
2025-10-0111902.935655686939
2025-11-0112075.254166229954
2025-12-0112244.523634839115
2026-01-0112472.153671713466
2026-02-0112610.456308181912
2026-03-0111895.551257253384
2026-04-0112348.619832112128
Annual Return Matrix
YearAnnual Return
20170.13839697050097688
2018-0.07553054444369123
20190.10292445911257797
20200.03078790095339423
2021-0.09718492714355986
2022-0.10464098464616511
20230.11178280886042491
2024-0.029574065267521377
20250.18820097454531992
20260.008501449331751232
Total Factor Risk
0.10687296738236318
VTI.US Exposure
0.029419637912586095
VEA.US Exposure
-0.0027954580726700226
VWO.US Exposure
0.22892578575759173
QQQ.US Exposure
0.023069862536066892
VTV.US Exposure
0.024673478192391417
IJR.US Exposure
0.007239734987629136
QUAL.US Exposure
-0.07454790457921276
SHV.US Exposure
0.20291454208314308
TLT.US Exposure
0.07762690241249207
LQD.US Exposure
-0.046643234215876114
HYG.US Exposure
0.11871967047047374
GLD.US Exposure
0.0226706887934802
USO.US Exposure
0.006654288513603386
VNQ.US Exposure
-0.014106452676870475
BTC-USD.CC Exposure
0.0007209841624525169
CPER.US Exposure
-0.0066477889919142495
VIX.INDX Exposure
0.0013164274084986305
UUP.US Exposure
0.3338866210943655
TIP.US Exposure
-0.01041832335934416
Idiosyncratic Exposure
0.07732053757111342
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
69
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
10.7%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →5.75%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$125
Avg Yield on Cost
1.25%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$124.531.25%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+0.6%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+2.8%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
2.3% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.02
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is VanEck J.P. Morgan EM Local Currency Bond ETF a high-risk investment?

VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC.US) has an annualized volatility of 10.7% and experienced a maximum drawdown of 25.5% over the last 10 years. Its primary macro risk driver is UUP.US.

What is the 10-year return of EMLC.US?

Over the past 10 years, EMLC.US has generated a Compound Annual Growth Rate (CAGR) of 2.5%. It has had a positive return in 60% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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