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ISIN
US4642865178
CUSIP
464286517
Issuer
iShares
Inception Date
Oct 18, 2011
Region
Emerging Markets (Broad)
Leveraged
1x (No leverage)
Index Tracked
J.P. Morgan GBI-EM Global 15 cap 4.5 floor
Distribution Policy
Distributing
Asset Class
Bond
Assets Under Management
$720M

Share Price Chart


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Performance

LEMB Performance Chart

iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) is up 2.0% since the beginning of the year. LEMB is currently trading at $42 per share. Investors who bought $1,000 worth of LEMB shares 5 years ago would now be looking at an investment worth $1,061.


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S&P 500 Index

Returns By Period

iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) has returned 2.00% so far this year and 9.76% over the past 12 months. Over the last ten years, LEMB has returned 1.45% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


iShares J.P. Morgan EM Local Currency Bond ETF

1D
-0.05%
1M
1.68%
YTD
2.00%
6M
2.42%
1Y
9.76%
3Y*
5.90%
5Y*
1.19%
10Y*
1.45%

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LEMB Monthly Returns History

Based on dividend-adjusted daily data since Oct 20, 2011, LEMB's average daily return is 0.00%, while the average monthly return is +0.08%. At this rate, an investment would double in approximately 72.2 years.

Historically, 54% of months were positive and 46% were negative. The best month was Mar 2016 with a return of +9.3%, while the worst month was Mar 2020 at -12.0%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.

On a daily basis, LEMB closed higher 51% of trading days. The best single day was Mar 26, 2020 with a return of +3.1%, while the worst single day was Nov 10, 2016 at -5.5%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.85%1.46%-5.03%2.38%0.84%0.66%2.00%
20251.50%1.17%1.08%3.28%1.21%3.14%-1.31%2.21%1.15%0.46%1.40%1.46%18.02%
2024-1.85%0.36%-0.26%-1.90%1.89%-1.16%2.30%2.52%2.89%-3.93%-0.70%-1.64%-1.72%
20233.54%-2.78%3.18%0.36%0.72%1.59%1.49%-3.25%-4.18%-1.12%4.62%3.30%7.23%
20220.66%-4.23%-2.38%-4.71%0.48%-3.31%-0.20%-0.59%-4.69%-0.25%7.54%1.01%-10.74%
2021-1.06%-2.39%-2.56%1.89%1.76%-1.13%-0.46%0.53%-3.02%-1.18%-3.20%0.59%-9.92%

Benchmark Metrics

iShares J.P. Morgan EM Local Currency Bond ETF has an annualized alpha of -2.61%, beta of 0.26, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since October 20, 2011.

  • This ETF participated in 55.45% of S&P 500 Index downside but only 24.29% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of 0.26 may look defensive, but with R2 of 0.22 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 0.22 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
-2.61%
Beta
0.26
0.22
Upside Capture
24.29%
Downside Capture
55.45%

Expense Ratio

LEMB has an expense ratio of 0.30%, placing it in the medium range.


Return for Risk

Risk / Return Rank

LEMB ranks 39 for risk / return — below 39% 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.


LEMB Risk / Return Rank: 3939
Overall Rank
LEMB Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
LEMB Sortino Ratio Rank: 4141
Sortino Ratio Rank
LEMB Omega Ratio Rank: 4444
Omega Ratio Rank
LEMB Calmar Ratio Rank: 3333
Calmar Ratio Rank
LEMB Martin Ratio Rank: 3636
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) 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.


LEMBBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.57

Sortino ratioReturn per unit of downside risk

-0.72

Omega ratioGain probability vs. loss probability

1.28

1.37

-0.09

Calmar ratioReturn relative to maximum drawdown

1.63

2.78

-1.15

Martin ratioReturn relative to average drawdown

5.38

12.44

-7.06

Dividends

Dividend History

iShares J.P. Morgan EM Local Currency Bond ETF provided a 2.39% dividend yield over the last twelve months, with an annual payout of $1.02 per share.


0.00%1.00%2.00%3.00%4.00%$0.00$0.50$1.00$1.50$2.0020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$1.02$1.02$0.00$0.49$0.30$1.53$0.00$1.93$1.49$0.00$0.00$0.26

Dividend yield

2.39%2.44%0.00%1.34%0.86%3.89%0.00%4.39%3.46%0.00%0.00%0.64%

Monthly Dividends

The table displays the monthly dividend distributions for iShares J.P. Morgan EM Local Currency Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.02$1.02
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.49$0.49
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.30$0.30
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.53$1.53

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 Local Currency Bond ETF. 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 Local Currency Bond ETF was 30.82%, occurring on Oct 20, 2022. The portfolio has not yet recovered.

The current iShares J.P. Morgan EM Local Currency Bond ETF drawdown is 4.11%.


Related event

Drawdown

Fall

Recovery

Underwater

Bear market2022
-30.82%Oct 2022
9y 5mo
13y 1moMay 2013 - now
2012 pullback2012
-7.80%Jun 2012
2mo 13d2mo
4mo 13dMar 2012 - Aug 2012
2011 pullback2011
-5.18%Dec 2011
1mo 19d1mo 6d
2mo 25dOct 2011 - Jan 2012
2011 pullback2011
-2.52%Oct 2011
6d2d
8dOct 2011 - Oct 2011
2012 pullback2012
-2.18%Mar 2012
1mo 9d2d
1mo 11dFeb 2012 - Mar 2012

Drawdown Indicators


LEMBBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-30.82%

-56.78%

+25.96%

Max Drawdown (1Y)

Largest decline over 1 year

-6.00%

-9.10%

+3.10%

Max Drawdown (3Y)

Largest decline over 3 years

-10.09%

-18.90%

+8.81%

Max Drawdown (5Y)

Largest decline over 5 years

-23.96%

-25.43%

+1.47%

Max Drawdown (10Y)

Largest decline over 10 years

-29.09%

-33.92%

+4.83%

Current Drawdown

Current decline from peak

-4.11%

-1.80%

-2.31%

Average Drawdown

Average peak-to-trough decline

-12.71%

-10.71%

-2.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.82%

2.03%

-0.21%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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