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iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Dist) (IEML.L) Sharpe Ratio: 1.23

ETF · Currency in USD · Last updated Jun 17, 2026

iShares J.P. Morgan EM Local Government Bond UCITS ETF (USD, Distributing) seeks to track the J.P. Morgan GBI-EM Global Diversified 10% Cap 1% Floor Index. The fund invests primarily in local-currency-denominated government bonds issued by emerging market countries, providing diversified exposure to emerging market sovereign debt and local interest rates and currencies. Managed by iShares (BlackRock), it is domiciled in Ireland, distributes income, and trades on the London Stock Exchange.

IEML.L's Sharpe Ratio of 1.23 indicates that for each unit of volatility, it generates 1.23 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 17, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

IEML.L Sharpe Ratio Rank

IEML.L Sharpe Ratio Rank: 34.134
Below Average

IEML.L ranks above 34.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

IEML.L Sharpe Ratio Market Positioning

The chart shows IEML.L's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.88 or lower
  • Yellow zone (middle 50%): 0.88 to 2.21
  • Green zone (top 25%): 2.21 or higher
  • Top 1%: 7.38+
  • Median: 1.63 — half of all investments score higher

How it compares to other similar ETFs

The table compares iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Dist)'s Sharpe Ratio with other ETFs in the Emerging Markets Bonds category across multiple time periods, showing how IEML.L's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 17, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
UBXX.LUBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis2.80
XUEM.LXtrackers USD Emerging Markets Bond UCITS ETF 2D2.57
DRGN.LL&G China CNY Bond UCITS ETF2.46
SBEM.LUBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis2.35
XUEB.LXtrackers II USD Emerging Markets Bond UCITS ETF 2C2.24
SEMB.LiShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)2.19
JMAB.LJPMorgan USD Emerging Markets Sovereign Bond UCITS ETF2.18
EMGB.LVanEck J.P. Morgan EM Local Currency Bond UCITS ETF2.12
VDET.LVanguard USD Emerging Markets Government Bond UCITS ETF Distributing2.09
JPBM.LJPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)2.08
IEML.LiShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Dist)1.23

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows IEML.L's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when IEML.L consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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