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ETFs

VanEck J. P. Morgan EM Local Currency Bond ETF

EMLC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 22 2010
Expense Ratio
0.30%
Type
Global Ex. US Bonds
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$42,651,158
AUM
$3,059,305,028
Associated Index
J.P. Morgan GBI-EMG Core Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Brazil Letras Do Tesouro Nacional
1.18%
n/a
Philippine Government International Bon
1.16%
n/a
Brazil Notas Do Tesouro Nacional Serie
1.08%
n/a
Brazil Letras Do Tesouro Nacional
1.07%
n/a
Brazil Notas Do Tesouro Nacional Serie
1.03%
n/a
Brazil Notas Do Tesouro Nacional Serie
1.01%
n/a
Mexican Bonos
0.99%
n/a
Republic Of South Africa Government Bon
0.90%
n/a
Uruguay Government International Bond
0.80%
70SN
Inter-Am Dev Bk 7.5 % Regd.Notes 2007-5.12.24 Series 155 Senior
0.78%
Invest with EMLC

What is EMLC?

The VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the J.P. Morgan GBI-EMG Core Index (GBIEMCOR), which is comprised of bonds issued by emerging market governments and denominated in the local currency of the issuer.

ETFs related toEMLC

ETFs correlated to EMLC include EBND, LEMB, FEMB

EMLC
VanEck ETF Trust - VanEck J.P. Morgan EM Local Currency Bond ETF
EBND
SPDR Series Trust - SPDR Bloomberg Emerging Markets Local Bond ETF
LEMB
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM Local Currency Bond ETF
FEMB
First Trust Exchange-Traded Fund III - First Trust Emerging Markets Local Currency Bond ETF
BWX
SPDR Series Trust - SPDR Bloomberg International Treasury Bond ETF
RPAR
Tidal ETF Trust - RPAR Risk Parity ETF
IGOV
BlackRock Institutional Trust Company N.A. - iShares International Treasury Bond ETF
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
IBND
SPDR Series Trust - SPDR Bloomberg International Corporate Bond ETF
PCY
Invesco Capital Management LLC - Invesco Emerging Markets Sovereign Debt ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toEMLC

#ROT

Ride the Oil Trend

Category

Featured, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with EMLC using Composer

FAQ

EMLC is a Global Ex. US Bonds ETF. The VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the J.P. Morgan GBI-EMG Core Index (GBIEMCOR), which is comprised of bonds issued by emerging market governments and denominated in the local currency of the issuer.

EMLC tracks the J.P. Morgan GBI-EMG Core Index.

No, EMLC is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, EMLC is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on EMLC is -0.0334%. This is the percent change in the value of EMLC over the most recent 1-month period. The 3-month return on EMLC is -0.0403%. This is the percent change in the value of EMLC over the most recent 3-month period.

The standard deviation of EMLC for the past year is 0.0993%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to EMLC include SHY, BIL, and TLT.

ETFs correlated to EMLC include EBND, LEMB, and FEMB.

ETFs that are inversely correlated to EMLC include USDU, UUP, and EUO.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.