EMLCvsEMBXETF Comparison
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VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC) belongs to the EM Government Bonds segment. VanEck Emerging Markets Bond ETF (EMBX) is part of the EM Aggregate Bonds segment. EMLC's top 3 sector exposures are Sovereign, Finance and Utilities. In contrast, EMBX's top sector exposures are Sovereign, Finance and Energy. EMLC is less expensive with a Total Expense Ratio (TER) of 0.31%, versus 0.76% for EMBX. EMLC is up 1.73% year-to-date (YTD) with +$1.00B in YTD flows. EMBX performs better with 2.45% YTD performance, and +$184M in YTD flows. Run a side-by-side ETF comparison of EMLC and EMBX 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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EMLC vs EMBX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EMLC EMBX | -1.06%-1.30% | +0.03%-1.03% | +1.73%+2.45% | +4.63%n/a | +23.18%n/a | +9.92%n/a |
| Flows | EMLC EMBX | +$357M+$13M | +$273M+$41M | +$1.00B+$184M | +$1.36B- | +$1.98B- | +$2.17B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EMLC EMBX | +4.52%+3.13% | +6.39%n/a | +6.31%n/a | +7.10%n/a |
| Max drawdown | EMLC EMBX | -2.03%-1.90% | -5.78%n/a | -7.84%n/a | -22.99%n/a |
| Max drawdown duration | EMLC EMBX | 24d24d | 175dn/a | 214dn/a | 1357dn/a |
Trading data
EMLC | EMBX | |
Last sale 9/21/2026 at 1:30 PM | $25.30 | $50.45 |
| Previous close 09/18/2026 | $25.19 | $50.30 |
| Consolidated volume 09/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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EMBX
is actively managed and doesn’t replicate an indexEMLC | EMBX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/21/2026 at 1:30 PM
Live
Closed
EMLC | EMBX | |
|---|---|---|
| Last price | $25.30 | $50.45 |
| 1D performance | +0.44% | +0.29% |
| AuM | $5.07 B | $273.51 M |
| E/R | 0.31% | 0.76% |
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Exposure
Countries
EMLC
China
8.99%
India
8.15%
Malaysia
7.99%
Indonesia
7.14%
Other
67.73%
EMBX
Other
100%
Sectors
EMLC
Sovereign
93.27%
Other
6.73%
EMBX
Sovereign
75.88%
Other
24.12%
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Diversification
EMLC
Total weight of top 15 holdings out of 15
10.36%
EMBX
Total weight of top 15 holdings out of 15
31.01%
Top 15 holdings
Data as of July 31, 2026
EMLC
Brazil, NTN-F 10% 1jan2031, BRL (NTN-F)
1.00%
South Africa, Bonds 8.75% 28feb2048, ZAR (R2048)
0.82%
Mexico, Bonos 7.75% 29may2031, MXN
0.78%
Brazil, LTN 0% 1jan2029, BRL (1452D)
0.74%
Mexico, Bonos 7.75% 23nov2034, MXN
0.72%
Mexico, Bonos 7.75% 13nov2042, MXN
0.69%
Brazil, NTN-F 10% 1jan2029, BRL (NTN-F)
0.69%
South Africa, Bonds 8.875% 28feb2035, ZAR (R2035)
0.68%
Colombia, Bonds 13.25% 9feb2033, COP
0.63%
South Africa, Bonds 8.25% 31mar2032, ZAR (R2032)
0.62%
Brazil, LTN 0% 1jul2029, BRL (1458D)
0.61%
South Africa, Bonds 8.5% 31jan2037, ZAR (R2037)
0.60%
Mexico, Bonos 8% 31jul2053, MXN
0.59%
Poland, Bonds 4.5% 25jul2030, PLN (PS0730)
0.59%
South Africa, Bonds 9% 31jan2040, ZAR (R2040)
0.59%
EMBX
Mexico, Bonos 7.75% 13nov2042, MXN
3.14%
Chile, BTP 5.3% 15jul2032, CLP
2.82%
Peru, Bonos 7.6% 12aug2039, PEN
2.52%
Czech Republic, CZGB 5% 30sep2030, CZK (150)
2.50%
Colombia, Bonds 12.5% 27feb2030, COP
2.27%
Mexico, Bonos 8% 7nov2047, MXN
2.18%
Poland, Bonds 1.75% 25apr2032, PLN (DS0432)
1.95%
South Africa, 7.25% 11dec2055, USD
1.89%
Saudi Arabia, 5.875% 12jan2056, USD
1.86%
Malaysia, Bonds 3.336% 15may2030, MYR (1)
1.80%
Senegal, 4.75% 13mar2028, EUR
1.72%
Export-Import Bank of India, 5.5% 13jan2035, USD (49)
1.70%
Bolivia, 4.5% 20mar2028, USD
1.69%
Romania, 6.625% 16may2036, USD
1.57%
China, Bonds 3.95% 29jun2043, CNY
1.41%
Frequently asked questions about EMLC and EMBX
How have the EMLC and EMBX ETFs performed in 2026?
As of September 18, 2026, EMLC is up 1.73% year-to-date (YTD), while EMBX has returned 2.45%. That puts EMBX better performer ahead so far this year.
Which ETF is attracting more investor money: EMLC or EMBX?
Year-to-date, the EMLC ETF saw +$1.00B in flows, compared to +$184M for EMBX.
Which ETF is bigger: EMLC or EMBX?
As of September 18, 2026, EMLC holds $5.07 B in assets under management (AUM), while EMBX manages $273.51 M.
What sectors do the EMLC and EMBX ETFs invest in?
EMLC leans toward sectors like Sovereign. Meanwhile, EMBX focuses on Sovereign.
What are the top holdings of the EMLC ETF and EMBX ETF?
EMLC top holdings include Brazil, NTN-F 10% 1jan2031, BRL (NTN-F), South Africa, Bonds 8.75% 28feb2048, ZAR (R2048) and Mexico, Bonos 7.75% 29may2031, MXN. EMBX holds in its top three: Mexico, Bonos 7.75% 13nov2042, MXN, Chile, BTP 5.3% 15jul2032, CLP and Peru, Bonos 7.6% 12aug2039, PEN.
Which ETF is more diversified: EMLC or EMBX?
EMLC holds 500 securities with 10.36% of its assets in the top 15. EMBX has 134 securities and a top 15 weight of 31.01%.
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Latest news about EMLC & EMBX
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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