- Issuer
- iShares
- Inception Date
- May 10, 2024
- Category
- Global Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
EMHG.L Performance Chart
iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) (EMHG.L) is up 1.8% since the beginning of the year. EMHG.L is currently trading at £4 per share. Investors who bought £1,000 worth of EMHG.L shares 5 years ago would now be looking at an investment worth £1,047.
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Returns By Period
iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) (EMHG.L) has returned 1.82% so far this year and 9.87% over the past 12 months.
iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist)
- 1D
- 0.30%
- 1M
- -0.56%
- 6M
- 2.08%
- YTD
- 1.82%
- 1Y
- 9.87%
- 3Y*
- 8.37%
- 5Y*
- 0.93%
- 10Y*
- —
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%
EMHG.L Monthly Returns History
Based on dividend-adjusted daily data since Mar 21, 2018, EMHG.L's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2022 with a return of +8.3%, while the worst month was Mar 2020 at -14.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, EMHG.L closed higher 40% of trading days. The best single day was Mar 20, 2020 with a return of +7.6%, while the worst single day was Mar 12, 2020 at -8.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.02% | 1.72% | -4.11% | 3.14% | 1.01% | 0.69% | -0.48% | 1.82% | |||||
| 2025 | 1.65% | 1.40% | -0.86% | -0.09% | 0.74% | 2.72% | 1.02% | 1.34% | 1.76% | 2.05% | 0.27% | 0.69% | 13.40% |
| 2024 | -1.15% | 0.79% | 1.94% | -2.22% | 1.91% | 0.53% | 1.85% | 2.37% | 1.79% | -2.08% | 1.52% | -1.88% | 5.31% |
| 2023 | 3.03% | -2.41% | 1.37% | 0.22% | -1.20% | 2.35% | 1.63% | -1.75% | -3.37% | -1.21% | 5.90% | 4.51% | 8.97% |
| 2022 | -3.70% | -5.62% | -0.86% | -6.18% | 0.17% | -7.25% | 4.39% | -2.55% | -6.78% | -0.60% | 8.28% | -0.12% | -19.93% |
| 2021 | -1.65% | -3.40% | -0.53% | 2.29% | 1.15% | 0.89% | 0.13% | 1.16% | -2.36% | -0.07% | -2.03% | 2.09% | -2.50% |
Benchmark Metrics
iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) has an annualized alpha of 0.74%, beta of 0.14, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since March 21, 2018.
- This ETF participated in 52.18% of S&P 500 Index downside but only 30.08% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.14 may look defensive, but with R2 of 0.07 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 0.07 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
- 0.74%
- Beta
- 0.14
- R²
- 0.07
- Upside Capture
- 30.08%
- Downside Capture
- 52.18%
Expense Ratio
EMHG.L has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EMHG.L ranks 66 for risk / return — better than 66% 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 Bond UCITS ETF GBP Hedged (Dist) (EMHG.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.
| EMHG.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.50 | -0.22 |
| Martin ratioReturn relative to average drawdown | 9.28 | 9.11 | +0.17 |
Dividends
Dividend History
iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) provided a 6.17% dividend yield over the last twelve months, with an annual payout of £0.24 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | £0.24 | £0.22 | £0.21 | £0.21 | £0.20 | £0.18 | £0.19 | £0.24 | £0.17 |
Dividend yield | 6.17% | 5.71% | 5.74% | 5.61% | 5.64% | 3.93% | 3.85% | 4.73% | 3.64% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (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 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.13 | |||||
| 2025 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.22 |
| 2024 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.01 | £0.02 | £0.02 | £0.21 |
| 2023 | £0.02 | £0.01 | £0.02 | £0.02 | £0.02 | £0.01 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.21 |
| 2022 | £0.02 | £0.02 | £0.01 | £0.02 | £0.02 | £0.02 | £0.02 | £0.02 | £0.01 | £0.02 | £0.02 | £0.02 | £0.20 |
| 2021 | £0.02 | £0.01 | £0.01 | £0.02 | £0.01 | £0.01 | £0.02 | £0.02 | £0.02 | £0.02 | £0.01 | £0.02 | £0.18 |
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 Bond UCITS ETF GBP Hedged (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 Bond UCITS ETF GBP Hedged (Dist) was 29.64%, occurring on Oct 21, 2022. Recovery took 756 trading sessions.
The current iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) drawdown is 0.56%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-29.64%Oct 2022 | 1y 1mo | 3y 1d | 4y 1moSep 2021 - Oct 2025 | Bear market2022 |
-27.23%Mar 2020 | 14d | 8mo 26d | 9mo 10dMar 2020 - Dec 2020 | COVID crash2020 |
-7.45%Nov 2018 | 7mo 22d | 3mo 18d | 11mo 10dApr 2018 - Mar 2019 | Rate-hike selloffLate 2018 |
-6.60%Mar 2021 | 2mo 2d | 5mo 28d | 8moJan 2021 - Sep 2021 | — |
-4.44%Mar 2026 | 1mo 8d | 2mo 7d | 3mo 15dFeb 2026 - Jun 2026 | — |
Drawdown Indicators
| EMHG.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.64% | -37.07% | +7.43% |
Max Drawdown (1Y)Largest decline over 1 year | -4.44% | -8.03% | +3.59% |
Max Drawdown (3Y)Largest decline over 3 years | -7.62% | -22.15% | +14.53% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -22.15% | -7.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | -0.56% | -1.42% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -5.29% | -3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 2.20% | -1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with EMHG.L
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