- 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 (Dist)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
EMCP.L Performance Chart
iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (EMCP.L) is up 1.2% since the beginning of the year. EMCP.L is currently trading at £66 per share. Investors who bought £1,000 worth of EMCP.L shares 5 years ago would now be looking at an investment worth £1,123.
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Returns By Period
iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (EMCP.L) has returned 1.24% so far this year and 5.17% over the past 12 months. Over the last ten years, EMCP.L has returned 3.28% per year, falling short of the S&P 500 Index benchmark, which averaged 13.06% annually.
iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist)
- 1D
- -0.70%
- 1M
- -0.72%
- 6M
- 0.87%
- YTD
- 1.24%
- 1Y
- 5.17%
- 3Y*
- 5.87%
- 5Y*
- 2.35%
- 10Y*
- 3.28%
Benchmark (S&P 500 Index)
- 1D
- -0.66%
- 1M
- -0.64%
- 6M
- 8.66%
- YTD
- 10.17%
- 1Y
- 19.99%
- 3Y*
- 17.60%
- 5Y*
- 12.23%
- 10Y*
- 13.06%
EMCP.L Monthly Returns History
Based on dividend-adjusted daily data since Apr 17, 2012, EMCP.L's average daily return is +0.01%, while the average monthly return is +0.23%. At this rate, an investment would double in approximately 25.1 years.
Historically, 58% of months were positive and 42% were negative. The best month was Jun 2016 with a return of +11.9%, while the worst month was Apr 2012 at -37.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, EMCP.L closed higher 52% of trading days. The best single day was Mar 20, 2020 with a return of +8.5%, while the worst single day was Apr 19, 2012 at -37.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.39% | 2.90% | -0.20% | -1.08% | 1.07% | 1.95% | -1.91% | 1.24% | |||||
| 2025 | 1.64% | 0.29% | -2.74% | -3.52% | -0.39% | -0.25% | 4.64% | -0.89% | 1.34% | 2.89% | -0.55% | -1.24% | 0.95% |
| 2024 | 0.70% | 0.84% | 1.07% | -0.54% | 0.11% | 1.62% | -0.16% | -0.46% | -0.72% | 2.77% | 2.01% | 0.71% | 8.19% |
| 2023 | 0.84% | -0.45% | -1.21% | -0.72% | 0.53% | -1.46% | -0.41% | 0.68% | 2.86% | -0.86% | -0.22% | 2.41% | 1.91% |
| 2022 | -1.57% | -5.08% | 1.14% | 1.84% | -0.93% | -0.14% | 1.60% | 4.58% | 0.15% | -5.23% | 1.92% | 0.65% | -1.50% |
| 2021 | -0.72% | -2.21% | 0.40% | 0.37% | -1.93% | 3.33% | -0.68% | 1.88% | 1.00% | -1.96% | 2.36% | -1.03% | 0.62% |
Benchmark Metrics
iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) has an annualized alpha of 0.29%, beta of 0.19, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since April 17, 2012.
- This ETF participated in 56.97% of S&P 500 Index downside but only 29.45% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.19 may look defensive, but with R2 of 0.06 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 0.06 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
- 0.29%
- Beta
- 0.19
- R²
- 0.06
- Upside Capture
- 29.45%
- Downside Capture
- 56.97%
Expense Ratio
EMCP.L has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EMCP.L ranks 29 for risk / return — below 29% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (EMCP.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.
| EMCP.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.31 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 2.50 | -1.26 |
| Martin ratioReturn relative to average drawdown | 3.20 | 9.11 | -5.91 |
Dividends
Dividend History
iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) provided a 5.65% dividend yield over the last twelve months, with an annual payout of £3.75 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | £3.75 | £3.73 | £3.78 | £3.46 | £2.98 | £2.70 | £3.22 | £3.65 | £3.43 | £3.39 | £3.45 | £3.15 |
Dividend yield | 5.65% | 5.54% | 5.36% | 5.03% | 4.20% | 3.59% | 4.16% | 4.69% | 4.63% | 4.49% | 4.31% | 5.00% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist). The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | £0.00 | £0.00 | £0.94 | £0.00 | £0.00 | £0.92 | £0.00 | £1.86 | |||||
| 2025 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £1.84 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £1.89 | £3.73 |
| 2024 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £1.85 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £1.93 | £3.78 |
| 2023 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £1.66 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £1.80 | £3.46 |
| 2022 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £1.51 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £1.47 | £2.98 |
| 2021 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £1.33 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £1.37 | £2.70 |
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 (Dist). 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 (Dist) was 37.54%, occurring on Apr 27, 2012. Recovery took 1124 trading sessions.
The current iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) drawdown is 2.81%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-37.54%Apr 2012 | 8d | 4y 5mo | 4y 5moApr 2012 - Oct 2016 | — |
-15.92%Mar 2020 | 6mo 18d | 3mo 9d | 9mo 27dSep 2019 - Jun 2020 | COVID crash2020 |
-12.28%Apr 2018 | 1y 1mo | 10mo 4d | 1y 11moMar 2017 - Feb 2019 | — |
-11.10%Jul 2023 | 9mo 19d | 1y 24d | 1y 10moSep 2022 - Aug 2024 | — |
-10.32%Mar 2022 | 1y 8mo | 6mo 12d | 2y 2moJun 2020 - Sep 2022 | Bear market2022 |
Drawdown Indicators
| EMCP.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.54% | -37.07% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -4.15% | -8.03% | +3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -8.40% | -22.15% | +13.75% |
Max Drawdown (5Y)Largest decline over 5 years | -11.10% | -22.15% | +11.05% |
Max Drawdown (10Y)Largest decline over 10 years | -15.92% | -26.01% | +10.09% |
Current DrawdownCurrent decline from peak | -2.81% | -1.42% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -11.49% | -5.29% | -6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.20% | -0.59% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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