- ISIN
- US4642865178
- CUSIP
- 464286517
- Issuer
- iShares
- Inception Date
- Oct 18, 2011
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Bonds
- 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
- $715M
Highlights
- Avg. Volume (1M)
- 174K
- Avg. Volume Value (1M)
- $7.38M
Share Price Chart
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Performance
LEMB Performance Chart
iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) is up 2.4% since the beginning of the year. LEMB is currently trading at $43 per share. Investors who bought $1,000 worth of LEMB shares 5 years ago would now be looking at an investment worth $1,067.
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Returns By Period
iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) has returned 2.43% so far this year and 8.50% over the past 12 months. Over the last ten years, LEMB has returned 1.06% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
iShares J.P. Morgan EM Local Currency Bond ETF
- 1D
- -0.09%
- 1M
- 0.05%
- 6M
- 0.57%
- YTD
- 2.43%
- 1Y
- 8.50%
- 3Y*
- 5.72%
- 5Y*
- 1.30%
- 10Y*
- 1.06%
- ALL TIME*
- 0.51%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.85% | 1.46% | -5.03% | 2.38% | 0.84% | 0.74% | 0.35% | 2.43% | |||||
| 2025 | 1.50% | 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% |
| 2023 | 3.54% | -2.78% | 3.18% | 0.36% | 0.72% | 1.59% | 1.49% | -3.25% | -4.18% | -1.12% | 4.62% | 3.30% | 7.23% |
| 2022 | 0.66% | -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 -2.57%, 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 55.20% 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
- -2.57%
- Beta
- 0.26
- R²
- 0.22
- Upside Capture
- 24.29%
- Downside Capture
- 55.20%
Expense Ratio
LEMB has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
LEMB ranks 54 for risk / return — above 54% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return 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.
| LEMB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.00 | -0.42 |
| Martin ratioReturn relative to average drawdown | 5.07 | 8.49 | -3.42 |
Dividends
Dividend History
iShares J.P. Morgan EM Local Currency Bond ETF provided a 2.38% dividend yield over the last twelve months, with an annual payout of $1.02 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2.38% | 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.
| 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 | $0.00 | $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 3.70%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-30.82%Oct 2022 | 9y 5mo | — | 13y 2moMay 2013 - now | Bear market2022 |
-7.80%Jun 2012 | 2mo 13d | 2mo | 4mo 13dMar 2012 - Aug 2012 | — |
-5.18%Dec 2011 | 1mo 19d | 1mo 6d | 2mo 25dOct 2011 - Jan 2012 | — |
-2.52%Oct 2011 | 6d | 2d | 8dOct 2011 - Oct 2011 | — |
-2.18%Mar 2012 | 1mo 9d | 2d | 1mo 11dFeb 2012 - Mar 2012 | — |
Drawdown Indicators
| LEMB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | -8.08% | -18.90% | +10.82% |
Max Drawdown (5Y)Largest decline over 5 years | -23.89% | -25.43% | +1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -29.09% | -33.92% | +4.83% |
Current DrawdownCurrent decline from peak | -3.70% | -1.58% | -2.12% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -10.70% | -1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 2.14% | -0.27% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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