- Issuer
- PIMCO
- Inception Date
- Jan 23, 2014
- Category
- Global Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- PIMCO Advantage Emerging Markets Local Bond UCITS ETF Acc USD
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
EMLB.L Performance Chart
PIMCO Advantage Emerging Markets Local Bond UCITS ETF Acc USD (EMLB.L) is up 2.9% since the beginning of the year. EMLB.L is currently trading at $130 per share. Investors who bought $1,000 worth of EMLB.L shares 5 years ago would now be looking at an investment worth $1,215.
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Returns By Period
PIMCO Advantage Emerging Markets Local Bond UCITS ETF Acc USD (EMLB.L) has returned 2.92% so far this year and 8.68% over the past 12 months. Over the last ten years, EMLB.L has returned 3.11% per year, falling short of the S&P 500 Index benchmark, which averaged 13.36% annually.
PIMCO Advantage Emerging Markets Local Bond UCITS ETF Acc USD
- 1D
- 0.25%
- 1M
- 0.05%
- 6M
- 2.30%
- YTD
- 2.92%
- 1Y
- 8.68%
- 3Y*
- 5.90%
- 5Y*
- 3.98%
- 10Y*
- 3.11%
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%
EMLB.L Monthly Returns History
Based on dividend-adjusted daily data since Sep 19, 2011, EMLB.L's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.
Historically, 58% of months were positive and 42% were negative. The best month was Mar 2016 with a return of +9.4%, while the worst month was Mar 2020 at -9.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.
On a daily basis, EMLB.L closed higher 50% of trading days. The best single day was Feb 25, 2022 with a return of +4.0%, while the worst single day was Feb 28, 2022 at -6.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.13% | 1.82% | -4.97% | 2.65% | 0.26% | 0.68% | 0.51% | 2.92% | |||||
| 2025 | 2.16% | 0.43% | 1.30% | 3.14% | 1.21% | 2.52% | -0.98% | 2.05% | 1.67% | 0.33% | 1.27% | 0.83% | 17.08% |
| 2024 | -0.56% | 0.12% | 0.22% | -2.12% | 0.95% | -1.75% | 1.59% | 2.12% | 3.23% | -4.12% | -0.70% | -2.02% | -3.25% |
| 2023 | 4.26% | -1.77% | 3.61% | 1.37% | -0.42% | 2.71% | 2.13% | -2.17% | -2.65% | -0.84% | 4.30% | 2.77% | 13.74% |
| 2022 | -0.85% | -7.74% | 0.29% | -4.78% | 2.16% | -3.71% | 3.88% | 2.29% | -5.31% | 2.06% | 5.09% | 1.69% | -5.70% |
| 2021 | -2.03% | -1.98% | -1.70% | 1.17% | 2.56% | -0.41% | -0.42% | 1.52% | -3.07% | -1.21% | -1.74% | 1.81% | -5.53% |
Benchmark Metrics
PIMCO Advantage Emerging Markets Local Bond UCITS ETF Acc USD has an annualized alpha of -0.31%, beta of 0.19, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since September 19, 2011.
- This ETF participated in 55.37% of S&P 500 Index downside but only 29.72% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.19 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
- -0.31%
- Beta
- 0.19
- R²
- 0.11
- Upside Capture
- 29.72%
- Downside Capture
- 55.37%
Return for Risk
Risk / Return Rank
EMLB.L ranks 40 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PIMCO Advantage Emerging Markets Local Bond UCITS ETF Acc USD (EMLB.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.
| EMLB.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.35 | -0.81 |
| Martin ratioReturn relative to average drawdown | 5.03 | 10.19 | -5.16 |
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 PIMCO Advantage Emerging Markets Local Bond UCITS ETF Acc USD. 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 PIMCO Advantage Emerging Markets Local Bond UCITS ETF Acc USD was 29.75%, occurring on Jan 21, 2016. Recovery took 2165 trading sessions.
The current PIMCO Advantage Emerging Markets Local Bond UCITS ETF Acc USD drawdown is 1.04%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-29.75%Jan 2016 | 2y 8mo | 8y 7mo | 11y 3moMay 2013 - Aug 2024 | — |
-8.67%Jun 2012 | 3mo 23d | 7mo 5d | 10mo 28dFeb 2012 - Jan 2013 | — |
-7.50%Jan 2025 | 3mo 18d | 3mo 19d | 7mo 7dSep 2024 - May 2025 | — |
-6.98%Nov 2011 | 16d | 2mo 3d | 2mo 19dNov 2011 - Jan 2012 | — |
-5.48%Mar 2026 | 28d | 18d | 1mo 16dMar 2026 - Apr 2026 | — |
Drawdown Indicators
| EMLB.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.75% | -56.78% | +27.03% |
Max Drawdown (1Y)Largest decline over 1 year | -5.48% | -9.10% | +3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -7.50% | -18.90% | +11.40% |
Max Drawdown (5Y)Largest decline over 5 years | -20.09% | -25.43% | +5.34% |
Max Drawdown (10Y)Largest decline over 10 years | -21.37% | -33.92% | +12.55% |
Current DrawdownCurrent decline from peak | -1.04% | -0.49% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -9.33% | -10.70% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.09% | -0.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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