EMLC vs SPY

Comparison between VANECK J.P. MORGAN EM LOCAL CURRENCY BOND ETF (EMLC, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed EMLC, delivering a return of +13.3% compared to +1.6%

EMLC vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EMLC(ETF)	SPY(ETF)
Net Assets	$4.70B	$652B
Expense Ratio	0.30%	0.09%
Max Drawdown	59.84%	56.47%
Sharpe Ratio	1.16	2.07
5Y Beta	0.17	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	1.67%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

EMLC

$4.70B

Winner

SPY

$652B

Expense Ratio

EMLC

0.30%

Winner

SPY

0.09%

Max Drawdown

EMLC

59.84%

Winner

SPY

56.47%

Sharpe Ratio

EMLC

1.16

Winner

SPY

2.07

5Y Beta

Winner

EMLC

0.17

SPY

1.00

P/E Ratio

EMLC

N/A

SPY

28.24

Forward P/E

EMLC

N/A

SPY

21.85

5Y Dividends CAGR

EMLC

1.67%

Winner

SPY

5.43%

5Y EPS CAGR

EMLC

N/A

SPY

25.79%

Debt to Equity

EMLC

N/A

SPY

22.35%

P/S Ratio

EMLC

N/A

SPY

3.55

P/B Ratio

EMLC

N/A

SPY

5.29

EMLC vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	EMLC	SPY
1 month	+0.62%	+9.11%
3 months	-1.35%	+6.59%
6 months	+4.07%	+10.56%
1 year	+12.47%	+32.04%
5 years(CAGR)	+1.60%	+13.35%
10 years(CAGR)	+2.24%	+15.49%
Max(CAGR)	+1.15%	+8.50%

EMLC

+0.62%

Winner

SPY

+9.11%

EMLC

-1.35%

Winner

SPY

+6.59%

EMLC

+4.07%

Winner

SPY

+10.56%

EMLC

+12.47%

Winner

SPY

+32.04%

5Y(CAGR)

EMLC

+1.60%

Winner

SPY

+13.35%

10Y(CAGR)

EMLC

+2.24%

Winner

SPY

+15.49%

Max(CAGR)

EMLC

+1.15%

Winner

SPY

+8.50%

EMLC vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	EMLC	SPY
2026	+1.37%	+8.27%
2025	+18.60%	+18.00%
2024	-2.19%	+25.59%
2023	+11.57%	+26.72%
2022	-10.37%	-18.64%
2021	-9.72%	+30.52%
2020	+2.89%	+17.28%
2019	+9.62%	+31.09%
2018	-8.53%	-5.24%
2017	+14.68%	+20.78%
2016	+9.97%	+13.59%
2015	-14.46%	+1.31%
2014	-4.52%	+14.56%
2013	-9.87%	+29.00%
2012	+15.63%	+14.17%
2011	-2.73%	+0.85%
2010	+6.68%	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

EMLC vs SPY Drawdown Comparison

The maximum drawdown for EMLC was -32.43%, occurring on Oct 24, 2022. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current EMLC drawdown is -3.66%.

Rank	EMLC	SPY
#1	-32.43% May 8, 2013 - Oct 24, 2022	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-13.74% Aug 31, 2011 - Sep 11, 2012	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-6.74% Nov 4, 2010 - Apr 20, 2011	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-3.86% Aug 3, 2011 - Aug 31, 2011	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-3.06% May 2, 2011 - Jul 1, 2011	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-2.35% Feb 1, 2013 - Apr 11, 2013	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-2.23% Oct 14, 2010 - Nov 4, 2010	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-2.13% Jul 1, 2011 - Jul 22, 2011	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-2.03% Aug 9, 2010 - Sep 3, 2010	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-1.41% Oct 17, 2012 - Nov 28, 2012	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-0.98% Oct 4, 2012 - Oct 16, 2012	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-0.92% Sep 3, 2010 - Sep 10, 2010	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-0.82% Sep 14, 2012 - Oct 4, 2012	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-0.65% Apr 11, 2013 - Apr 29, 2013	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-0.65% Jan 17, 2013 - Feb 1, 2013	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between EMLC and SPY is -0.02 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.02

-101

Dividend Comparison (1999 - 2026)

EMLC vs SPY dividend yield comparison.

Year	EMLC	SPY
2026	2.02%	0.24%
2025	5.91%	1.07%
2024	6.55%	1.21%
2023	5.97%	1.40%
2022	5.54%	1.65%
2021	5.25%	1.20%
2020	4.90%	1.52%
2019	6.25%	1.75%
2018	6.50%	2.04%
2017	5.34%	1.80%
2016	5.32%	2.03%
2015	6.25%	2.06%
2014	5.98%	1.87%
2013	5.18%	1.81%
2012	4.07%	2.18%
2011	5.71%	2.05%
2010	1.83%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%