- Issuer
- iShares
- Inception Date
- Sep 22, 2023
- Category
- Global Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Acc)
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
EMCA.L Performance Chart
iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Acc) (EMCA.L) is up 1.6% since the beginning of the year. EMCA.L is currently trading at $7 per share. Investors who bought $1,000 worth of EMCA.L shares 5 years ago would now be looking at an investment worth $1,099.
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Returns By Period
iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Acc) (EMCA.L) has returned 1.55% so far this year and 5.99% over the past 12 months.
iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Acc)
- 1D
- -0.09%
- 1M
- -0.38%
- 6M
- 1.25%
- YTD
- 1.55%
- 1Y
- 5.99%
- 3Y*
- 6.97%
- 5Y*
- 1.91%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
EMCA.L Monthly Returns History
Based on dividend-adjusted daily data since May 31, 2018, EMCA.L's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, an investment would double in approximately 17.0 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +6.8%, while the worst month was Mar 2020 at -13.7%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, EMCA.L closed higher 49% of trading days. The best single day was Mar 20, 2020 with a return of +11.8%, while the worst single day was Mar 16, 2020 at -8.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.60% | 0.89% | -1.77% | 1.50% | 0.30% | 0.44% | -0.38% | 1.55% | |||||
| 2025 | 0.97% | 1.45% | -0.00% | -0.32% | 0.64% | 1.42% | 0.93% | 1.08% | 0.92% | 0.61% | 0.30% | 0.30% | 8.60% |
| 2024 | 0.52% | 0.00% | 1.37% | -1.35% | 1.54% | 0.84% | 1.51% | 1.82% | 1.30% | -1.28% | 0.81% | -0.96% | 6.21% |
| 2023 | 3.10% | -1.97% | 0.98% | 0.84% | -0.94% | 0.97% | 0.72% | -0.72% | -0.90% | -1.64% | 4.45% | 3.02% | 7.96% |
| 2022 | -2.03% | -4.78% | -1.39% | -2.68% | -0.67% | -3.65% | 1.79% | 0.08% | -4.04% | -2.38% | 5.83% | 1.58% | -12.09% |
| 2021 | -0.02% | -0.85% | -0.75% | 0.75% | 0.43% | 0.73% | 0.15% | 0.62% | -0.77% | -1.02% | -0.71% | 0.94% | -0.51% |
Benchmark Metrics
iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Acc) has an annualized alpha of 2.23%, beta of 0.15, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since May 31, 2018.
- This ETF participated in 30.91% of S&P 500 Index downside but only 24.23% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.15 may look defensive, but with R2 of 0.11 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.11 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.23%
- Beta
- 0.15
- R²
- 0.11
- Upside Capture
- 24.23%
- Downside Capture
- 30.91%
Expense Ratio
EMCA.L has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EMCA.L ranks 62 for risk / return — better than 62% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Acc) (EMCA.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMCA.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 2.35 | +0.28 |
| Martin ratioReturn relative to average drawdown | 10.19 | 10.19 | 0.00 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Acc). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Acc) was 24.69%, occurring on Mar 19, 2020. Recovery took 94 trading sessions.
The current iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Acc) drawdown is 0.53%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-24.69%Mar 2020 | 13d | 4mo 18d | 5mo 1dMar 2020 - Aug 2020 | COVID crash2020 |
-20.14%Oct 2022 | 1y 1mo | 1y 10mo | 3y 2dSep 2021 - Sep 2024 | Bear market2022 |
-3.16%Apr 2025 | 6d | 1mo 26d | 2mo 2dApr 2025 - Jun 2025 | 2025 selloff2025 |
-2.45%Mar 2021 | 1mo 16d | 3mo 8d | 4mo 24dFeb 2021 - Jul 2021 | — |
-2.21%Apr 2026 | 1mo 1d | 1mo 4d | 2mo 5dMar 2026 - May 2026 | — |
Drawdown Indicators
| EMCA.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.69% | -56.78% | +32.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -9.10% | +6.89% |
Max Drawdown (3Y)Largest decline over 3 years | -3.58% | -18.90% | +15.32% |
Max Drawdown (5Y)Largest decline over 5 years | -20.14% | -25.43% | +5.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.53% | -0.49% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -10.70% | +6.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.09% | -1.52% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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