EMBXvsEMLCETF Comparison
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VanEck Emerging Markets Bond ETF (EMBX) belongs to the EM Aggregate Bonds segment. VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC) is part of the EM Government Bonds segment. EMBX's top 3 sector exposures are Sovereign, Finance and Energy. In contrast, EMLC's top sector exposures are Sovereign, Finance and Utilities. EMBX is more expensive with a Total Expense Ratio (TER) of 0.76%, versus 0.31% for EMLC. EMBX is up 1.37% year-to-date (YTD) with +$209M in YTD flows. EMLC performs worse with -0.07% YTD performance, and +$947M in YTD flows. Run a side-by-side ETF comparison of EMBX and EMLC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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EMBX vs EMLC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EMBX EMLC | +0.44%-0.23% | -1.34%-1.11% | +1.37%-0.07% | +3.14%+2.17% | n/a+24.29% | n/a+11.40% |
| Flows | EMBX EMLC | +$7M-$57M | +$45M+$277M | +$209M+$947M | +$221M+$1.03B | -+$2.04B | -+$2.18B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EMBX EMLC | +4.03%+5.23% | +5.30%+6.63% | n/a+6.22% | n/a+7.11% |
| Max drawdown | EMBX EMLC | -3.78%-3.94% | -4.98%-5.78% | n/a-7.84% | n/a-20.79% |
| Max drawdown duration | EMBX EMLC | 65d65d | 57d175d | n/a214d | n/a1049d |
Trading data
EMBX | EMLC | |
Last sale 10/30/2026 at 1:30 PM | $49.40 | $24.57 |
| Previous close 10/29/2026 | $49.53 | $24.64 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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EMBX
is actively managed and doesn’t replicate an indexEMBX | EMLC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
EMBX | EMLC | |
|---|---|---|
| Last price | $49.40 | $24.57 |
| 1D performance | -0.26% | -0.28% |
| AuM | $294.09 M | $4.89 B |
| E/R | 0.76% | 0.31% |
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Exposure
Countries
EMBX
Brazil
7.71%
Other
92.29%
EMLC
China
8.93%
Malaysia
8.08%
India
8.02%
Indonesia
7.38%
Other
67.59%
Sectors
EMBX
Sovereign
71%
Other
29%
EMLC
Sovereign
93.52%
Other
6.48%
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Diversification
EMBX
Total weight of top 15 holdings out of 15
32.44%
EMLC
Total weight of top 15 holdings out of 15
10.27%
Top 15 holdings
Data as of September 30, 2026
EMBX
Brazil, NTN-F 10% 1jan2029, BRL (NTN-F)
4.42%
Hungary, Bonds 6.75% 23jul2031, HUF (2031/B)
2.66%
Chile, BTP 5.3% 15jul2032, CLP
2.45%
Peru, Bonos 7.6% 12aug2039, PEN
2.39%
Czech Republic, CZGB 5% 30sep2030, CZK (150)
2.12%
Brazil, NTN-F 10% 1jan2031, BRL (NTN-F)
2.08%
Colombia, Bonds 12.5% 27feb2030, COP
2.00%
Romania, 6.625% 16may2036, USD
1.96%
IDG000026402
1.88%
Mexico, 5.5% 17aug2030, USD
1.87%
Poland, Bonds 6% 25oct2033, PLN (DS1033)
1.78%
Export-Import Bank of India, 5.5% 13jan2035, USD (49)
1.77%
Bolivia, 4.5% 20mar2028, USD
1.71%
Poland, Bonds 1.75% 25apr2032, PLN (DS0432)
1.69%
Malaysia, Bonds 3.336% 15may2030, MYR (1)
1.65%
EMLC
Brazil, NTN-F 10% 1jan2031, BRL (NTN-F)
1.02%
South Africa, Bonds 8.75% 28feb2048, ZAR (R2048)
0.78%
Brazil, LTN 0% 1jan2029, BRL (1452D)
0.77%
Mexico, Bonos 7.75% 29may2031, MXN
0.73%
Mexico, Bonos 7.75% 23nov2034, MXN
0.69%
Mexico, Bonos 7.75% 13nov2042, MXN
0.69%
South Africa, Bonds 8.875% 28feb2035, ZAR (R2035)
0.66%
South Africa, Bonds 8.5% 31jan2037, ZAR (R2037)
0.65%
Brazil, LTN 0% 1jul2029, BRL (1458D)
0.64%
Brazil, NTN-F 10% 1jan2029, BRL (NTN-F)
0.64%
Mexico, Bonos 7.5% 26may2033, MXN
0.64%
South Africa, Bonds 8.25% 31mar2032, ZAR (R2032)
0.64%
South Africa, Bonds 8.75% 31jan2044, ZAR (R2044)
0.59%
South Africa, Bonds 9% 31jan2040, ZAR (R2040)
0.58%
Mexico, Bonos 8% 31jul2053, MXN
0.56%
Frequently asked questions about EMBX and EMLC
How have the EMBX and EMLC ETFs performed in 2026?
As of October 29, 2026, EMBX is up 1.37% year-to-date (YTD), while EMLC has lost -0.07%. That puts EMBX better performer ahead so far this year.
Which ETF is attracting more investor money: EMBX or EMLC?
Year-to-date, the EMBX ETF saw +$209M in flows, compared to +$947M for EMLC.
Which ETF is more volatile: EMBX or EMLC?
Over the past year, EMBX had a volatility of 5.3%, while EMLC experienced 6.63%.
Which ETF is bigger: EMBX or EMLC?
As of October 29, 2026, EMBX holds $294.09 M in assets under management (AUM), while EMLC manages $4.89 B.
What sectors do the EMBX and EMLC ETFs invest in?
EMBX leans toward sectors like Sovereign. Meanwhile, EMLC focuses on Sovereign.
What are the top holdings of the EMBX ETF and EMLC ETF?
EMBX top holdings include Brazil, NTN-F 10% 1jan2029, BRL (NTN-F), Hungary, Bonds 6.75% 23jul2031, HUF (2031/B) and Chile, BTP 5.3% 15jul2032, CLP. EMLC holds in its top three: Brazil, NTN-F 10% 1jan2031, BRL (NTN-F), South Africa, Bonds 8.75% 28feb2048, ZAR (R2048) and Brazil, LTN 0% 1jan2029, BRL (1452D).
Which ETF is more diversified: EMBX or EMLC?
EMBX holds 126 securities with 32.44% of its assets in the top 15. EMLC has 509 securities and a top 15 weight of 10.27%.
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Latest news about EMBX & EMLC
Ask the Manager: Eric Fine on the Case for EM Bonds in 2025 and Beyond
October 6, 2025
EMBX
VanEck JP Morgan EM Local Currency Bond ETF (NYSE Arca: EMLC)
June 14, 2023
EMLC
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