- Issuer
- L&G
- Inception Date
- May 5, 2022
- Category
- Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD Distributing
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
EMD5.L Performance Chart
L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD Distributing (EMD5.L) is down 1.0% since the beginning of the year. EMD5.L is currently trading at $9 per share. Investors who bought $1,000 worth of EMD5.L shares 5 years ago would now be looking at an investment worth $1,125.
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Returns By Period
L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD Distributing (EMD5.L) has returned -0.96% so far this year and 3.64% over the past 12 months.
L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD Distributing
- 1D
- 0.11%
- 1M
- -0.00%
- 6M
- -0.75%
- YTD
- -0.96%
- 1Y
- 3.64%
- 3Y*
- 7.13%
- 5Y*
- 2.39%
- 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%
EMD5.L Monthly Returns History
Based on dividend-adjusted daily data since Dec 4, 2020, EMD5.L's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, an investment would double in approximately 27.5 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2022 with a return of +3.7%, while the worst month was Feb 2022 at -5.3%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.
On a daily basis, EMD5.L closed higher 40% of trading days. The best single day was Feb 25, 2022 with a return of +1.4%, while the worst single day was Feb 24, 2022 at -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.02% | 0.76% | -1.72% | 1.42% | 0.54% | 0.00% | 0.11% | -0.96% | |||||
| 2025 | 1.40% | 0.78% | 0.00% | 1.00% | 0.77% | 1.31% | 0.64% | 0.88% | 0.55% | 1.09% | 0.65% | 0.64% | 10.15% |
| 2024 | 0.21% | 0.81% | 1.72% | -0.45% | 0.79% | 0.22% | 1.43% | 1.60% | 1.35% | -0.33% | 1.00% | -0.22% | 8.41% |
| 2023 | 2.07% | -1.16% | 0.82% | 0.00% | 0.00% | 1.39% | 1.03% | -0.47% | -0.47% | 0.12% | 2.46% | 1.83% | 7.84% |
| 2022 | -1.43% | -5.27% | -0.76% | -2.42% | -0.11% | -2.48% | 1.47% | -0.46% | -2.33% | -0.72% | 3.72% | 0.12% | -10.41% |
| 2021 | 0.30% | -0.59% | 0.10% | 0.79% | 0.49% | 0.20% | -0.06% | 0.30% | -0.59% | -0.20% | -1.29% | 0.30% | -0.28% |
Benchmark Metrics
L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD Distributing has an annualized alpha of 1.71%, beta of 0.09, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since December 04, 2020.
- This ETF participated in 23.15% of S&P 500 Index downside but only 17.45% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.09 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
- 1.71%
- Beta
- 0.09
- R²
- 0.11
- Upside Capture
- 17.45%
- Downside Capture
- 23.15%
Expense Ratio
EMD5.L has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
EMD5.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 L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD Distributing (EMD5.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.
| EMD5.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.31 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.35 | -1.25 |
| Martin ratioReturn relative to average drawdown | 2.76 | 10.19 | -7.43 |
Dividends
Dividend History
L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD Distributing provided a 2.87% dividend yield over the last twelve months, with an annual payout of $0.27 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.53 | $0.55 | $0.41 | $0.26 | $0.12 |
Dividend yield | 2.87% | 5.66% | 6.09% | 4.60% | 3.04% | 1.25% |
Monthly Dividends
The table displays the monthly dividend distributions for L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD Distributing. 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.26 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 |
| 2024 | $0.28 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 |
| 2023 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 |
| 2022 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 |
| 2021 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 |
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 L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD Distributing. 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 L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD Distributing was 16.04%, occurring on Oct 14, 2022. Recovery took 463 trading sessions.
The current L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD Distributing drawdown is 1.06%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-16.04%Oct 2022 | 1y 28d | 1y 10mo | 2y 11moSep 2021 - Aug 2024 | Bear market2022 |
-3.29%Mar 2026 | 2mo 26d | — | 6mo 17dDec 2025 - now | — |
-2.43%Apr 2025 | 9d | 14d | 23dApr 2025 - Apr 2025 | 2025 selloff2025 |
-0.99%Oct 2024 | 6d | 1mo 3d | 1mo 9dOct 2024 - Nov 2024 | — |
-0.99%Mar 2021 | 21d | 1mo 12d | 2mo 3dFeb 2021 - Apr 2021 | — |
Drawdown Indicators
| EMD5.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.04% | -56.78% | +40.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.29% | -9.10% | +5.81% |
Max Drawdown (3Y)Largest decline over 3 years | -3.29% | -18.90% | +15.61% |
Max Drawdown (5Y)Largest decline over 5 years | -16.04% | -25.43% | +9.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.06% | -0.49% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -4.32% | -10.70% | +6.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 2.09% | -0.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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