ITM vs. EMLC - ETF Comparison
ITM - VanEck Intermediate Muni ETF
The VanEck Intermediate Muni ETF is a fixed income fund that tracks an index of municipal bonds, providing tax-efficient income and moderate risk exposure to the US municipal bond market. The fund holds a diversified portfolio of over 1,200 securities, with a focus on investment-grade intermediate-term municipal bonds, and offers a cost-effective solution for investors seeking broad exposure to the muni market.
EMLC - VanEck J. P. Morgan EM Local Currency Bond ETF
The VanEck J. P. Morgan EM Local Currency Bond ETF provides exposure to debt of emerging markets issuers denominated in local currencies, offering a diversification opportunity for fixed income investors beyond U.S. borders. This ETF can serve as a hedge against the U.S. dollar and enhance returns in low-interest-rate environments.
| ITM | EMLC | |
|---|---|---|
| Fund Name | VanEck Intermediate Muni ETF | VanEck J. P. Morgan EM Local Currency Bond ETF |
| Fund Provider | VanEck | VanEck |
| Index | ICE Intermediate AMT-Free Broad National Municipal | J.P. Morgan Government Bond Index Emerging Markets Global Core Index |
| Asset Class | Bonds | Bonds |
| Listing | US-listed | US-listed |
| Expense Ratio | 0.18% | 0.30% |
| Inception Date | 2007-12-04 | 2010-07-22 |
| Number Of Holdings | 1242 | 406 |
| Region | United States | Emerging Markets |
| Bond Type | Municipal Bonds | Specialized Bonds |
| Leveraged | Non-leveraged | Non-leveraged |
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Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.