EMLC vs VOO
VanEck JP Morgan EM Local Currency Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EMLC | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.03% | |
| AUM | $4.8B | $979.0B | |
| Dividend Yield | 6.15% | 1.09% | |
| Holdings | 507 | 509 | |
| YTD Return | +2.02% | +13.44% | |
| 1Y Return | +7.67% | +22.62% | |
| 3Y Return (annualized) | +6.71% | +21.47% | |
| 5Y Return (annualized) | +2.01% | +13.27% | |
| Volatility (annualized) | 11.1% | 14.1% | |
| Max Drawdown | -56.3% | -34.3% | |
| Fund Family | VanEck | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 22, 2010 | Sep 7, 2010 |
EMLC vs VOO Performance
VanEck JP Morgan EM Local Currency Bond ETF (EMLC) is a ETF from VanEck and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EMLC returned +7.67% while VOO returned +22.62%. Year to date, EMLC is up 2.02% versus a gain of 13.44% for VOO.
Over three years, EMLC compounded at +6.71% per year against +21.47% for VOO; over five years the annualized figures are +2.01% and +13.27% respectively. Across the full 16-year window we track, VOO has the edge at +13.55% annualized vs -2.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EMLC charges 0.30% per year while VOO charges 0.03%. On a $10,000 position that is $30 vs $3 annually, a gap of $27 per year that compounds over a long holding period. On income, EMLC currently yields 6.15% against 1.09% for VOO.
Holdings Overlap
EMLC and VOO share 0 holdings out of 508 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 VOO?
EMLC has an expense ratio of 0.30% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, EMLC or VOO?
Over the past year EMLC returned +7.67% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), EMLC annualized -2.35% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, EMLC or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 11.1% for EMLC. Worst drawdown: EMLC -56.3% vs VOO -34.3%.
Should I hold both EMLC and VOO?
EMLC and VOO have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EMLC and VOO?
EMLC and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, EMLC or VOO?
EMLC yields 6.15% while VOO yields 1.09%, so EMLC currently pays the higher dividend yield.
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