VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC)
Bonds · Emerging Markets · data since 2010-07-23 · last close 2026-10-02
VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC) monthly returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.9 | 1.6 | -5.1 | 2.4 | 0.8 | 0.3 | 0.2 | 0.6 | -3.1 | -0.3 | · | · |
| 2025 | 1.9 | 0.9 | 1.3 | 3.1 | 1.4 | 3.2 | -1.4 | 2.5 | 1.1 | 0.4 | 1.4 | 1.4 |
| 2024 | -1.5 | -0.2 | -0.7 | -2.3 | 2.3 | -1.4 | 2.3 | 2.9 | 3.1 | -4.5 | -0.5 | -2.2 |
| 2023 | 4.3 | -2.9 | 3.8 | 0.6 | -0.6 | 2.8 | 1.8 | -2.5 | -4.5 | -0.2 | 5.6 | 2.9 |
| 2022 | 0.3 | -4.9 | -0.3 | -5.5 | 1.4 | -4.2 | -0.1 | -0.5 | -4.9 | -0.1 | 7.5 | 0.9 |
| 2021 | -1.9 | -2.5 | -2.9 | 2.3 | 2.4 | -1.1 | -0.5 | 0.6 | -3.5 | -1.4 | -2.8 | 1.2 |
| 2020 | -1.3 | -3.0 | -11.8 | 2.4 | 6.7 | 0.1 | 3.2 | 0.2 | -1.7 | 0.0 | 5.7 | 3.6 |
| 2019 | 5.4 | -1.3 | -1.8 | 0.4 | -0.4 | 5.8 | 0.2 | -4.2 | 0.7 | 3.4 | -2.4 | 4.2 |
| 2018 | 3.7 | -0.7 | 1.2 | -3.5 | -5.4 | -3.4 | 2.9 | -6.7 | 2.4 | -1.5 | 2.7 | 1.3 |
| 2017 | 2.2 | 1.6 | 2.2 | 1.3 | 1.6 | 0.5 | 2.3 | 1.4 | -0.7 | -2.8 | 1.6 | 2.0 |
| 2016 | -0.1 | 1.7 | 8.7 | 2.3 | -5.3 | 6.1 | 0.7 | -0.6 | 2.2 | -1.3 | -7.3 | 2.5 |
| 2015 | 0.1 | -1.8 | -2.4 | 2.5 | -2.4 | -1.7 | -2.6 | -4.7 | -3.1 | 4.0 | -1.6 | -2.3 |
| 2014 | -4.4 | 3.0 | 2.5 | 1.4 | 2.2 | 1.0 | -0.7 | 0.4 | -4.5 | 0.9 | -1.4 | -5.1 |
| 2013 | 0.3 | -0.3 | -0.8 | 2.8 | -6.0 | -6.0 | 1.2 | -4.0 | 4.3 | 2.3 | -3.3 | -0.3 |
| 2012 | 7.0 | 2.6 | -1.6 | 0.9 | -7.8 | 5.7 | 2.5 | 0.1 | 2.3 | 1.2 | 0.7 | 3.0 |
| 2011 | -1.8 | 1.1 | 2.5 | 4.3 | -1.0 | 0.3 | 1.5 | 0.5 | -11.0 | 5.8 | -3.6 | -0.6 |
| 2010 | · | · | · | · | · | · | 1.4 | -0.1 | 5.3 | 1.6 | -4.1 | 2.7 |
| Avg | 1.0 | -0.3 | -0.3 | 1.0 | -0.6 | 0.5 | 0.9 | -0.8 | -0.9 | 0.5 | -0.1 | 1.0 |
| Median | 0.3 | -0.3 | -0.5 | 1.8 | 0.2 | 0.3 | 1.2 | 0.1 | -0.7 | 0.2 | -0.9 | 1.3 |
October so far: -0.3% against an average of +0.5% and a median of +0.2% across 16 completed Octobers, 9 of them positive.
Values in %. Current and first-listed months are partial (greyed) and are left out of the Avg and Median rows.
returnsview.com
EMLC seasonality — average by calendar month
VanEck J.P. Morgan EM Local Currency Bond ETF has monthly history back to 2010. January carries the highest average at +1.0%, but the median January is +0.3% and 10 of 16 have finished green: +7% in 2012 does most of the lifting. The steadier month is April — positive in 13 of 16 years, median +1.8%, and higher in 6 of the last 9. November is the soft spot, down in 9 of 16 with a median of -0.9%. Across its full record it has closed 57% of months higher, swings ±3.2% in an average month and has fallen 32.3% peak to trough.
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg | +1.0% | -0.3% | -0.3% | +0.9% | -0.6% | +0.5% | +0.9% | -0.8% | -0.9% | +0.5% | -0.1% | +0.9% |
| Win rate | 62%/16 | 44%/16 | 44%/16 | 81%/16 | 50%/16 | 62%/16 | 71%/17 | 53%/17 | 47%/17 | 56%/16 | 44%/16 | 69%/16 |
Win rate = share of positive months / sample size.
EMLC risk & extremes
EMLC drawdown & rolling returns
Percent below the all-time high at each month-end — how far underwater the asset was.
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Frequently asked questions
What was VanEck J.P. Morgan EM Local Currency Bond ETF's best month?+
VanEck J.P. Morgan EM Local Currency Bond ETF's strongest completed month on record is March 2016, at +8.67%.
What was VanEck J.P. Morgan EM Local Currency Bond ETF's worst month?+
Its weakest completed month on record is March 2020, at -11.76%.
Is VanEck J.P. Morgan EM Local Currency Bond ETF up this year?+
VanEck J.P. Morgan EM Local Currency Bond ETF is down 1.12% year to date, measured from its last close before 1 January.
What is VanEck J.P. Morgan EM Local Currency Bond ETF's 1-year return?+
+2.08% over the past twelve months, comparing the latest close with the most recent close on or before the same date a year earlier.
What is VanEck J.P. Morgan EM Local Currency Bond ETF's biggest drawdown?+
The deepest peak-to-trough fall on record is 32.3%, measured on month-end closes since 2010.
Which calendar month is historically best for VanEck J.P. Morgan EM Local Currency Bond ETF?+
January has the highest average return across every completed January since 2010. An average is not a forecast.
About VanEck J.P. Morgan EM Local Currency Bond ETF
VanEck J.P. Morgan EM Local Currency Bond ETF is an emerging markets business worth about $5 billion. Tracked here from its first session onward — every monthly, quarterly and weekly return on record since 2010, with no gaps filled in and nothing smoothed. Since 2010 it has ground out +15% overall — not every story is a rocket.
Did you know?
- Its best month on record was March 2016 at +8.67%; its worst, March 2020 at -11.76%.
- It has closed April in the green 13 out of 16 times — past performance, future shrug.
Trivia for entertainment — the numbers come from our price data; the jokes don't.