EMLC vs SCHD
VanEck JP Morgan EM Local Currency Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | EMLC | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.06% | |
| AUM | $4.8B | $103.7B | |
| Dividend Yield | 6.15% | 3.31% | |
| Holdings | 507 | 104 | |
| YTD Return | +2.14% | +25.33% | |
| 1Y Return | +7.79% | +32.31% | |
| 3Y Return (annualized) | +6.51% | +15.40% | |
| 5Y Return (annualized) | +2.13% | +9.70% | |
| Volatility (annualized) | 11.1% | 13.6% | |
| Max Drawdown | -56.3% | -33.4% | |
| Fund Family | VanEck | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jul 22, 2010 | Oct 20, 2011 |
EMLC vs SCHD Performance
VanEck JP Morgan EM Local Currency Bond ETF (EMLC) is a ETF from VanEck and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EMLC returned +7.79% while SCHD returned +32.31%. Year to date, EMLC is up 2.14% versus a gain of 25.33% for SCHD.
Over three years, EMLC compounded at +6.51% per year against +15.40% for SCHD; over five years the annualized figures are +2.13% and +9.70% respectively. Across the full 15-year window we track, SCHD has the edge at +11.45% annualized vs -2.34%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 11.1% for EMLC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.3% for EMLC and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EMLC charges 0.30% per year while SCHD charges 0.06%. On a $10,000 position that is $30 vs $6 annually, a gap of $24 per year that compounds over a long holding period. On income, EMLC currently yields 6.15% against 3.31% for SCHD.
Holdings Overlap
EMLC and SCHD share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EMLC or SCHD?
EMLC has an expense ratio of 0.30% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, EMLC or SCHD?
Over the past year EMLC returned +7.79% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), EMLC annualized -2.34% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, EMLC or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 11.1% for EMLC. Worst drawdown: EMLC -56.3% vs SCHD -33.4%.
Should I hold both EMLC and SCHD?
EMLC and SCHD have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EMLC and SCHD?
EMLC and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, EMLC or SCHD?
EMLC yields 6.15% while SCHD yields 3.31%, so EMLC currently pays the higher dividend yield.
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