CU71.L vs. SEMA.L

Last updated Jun 4, 2026

CU71.L (iShares USD Treasury Bond 3-7yr UCITS ETF (Acc)) and SEMA.L (iShares MSCI EM UCITS ETF (Acc)) are both exchange-traded funds - CU71.L is a Government Bonds fund tracking the ICE U.S. Treasury 3-7 Year Bond Index, while SEMA.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 10 years, CU71.L returned 2.15%/yr vs 11.29%/yr for SEMA.L. At a 0.05 correlation, their price movements are largely independent. CU71.L charges 0.07%/yr vs 0.18%/yr for SEMA.L.

Performance

CU71.L vs. SEMA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (CU71.L) and iShares MSCI EM UCITS ETF (Acc) (SEMA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CU71.L achieves a -0.39% return, which is significantly lower than SEMA.L's 27.84% return. Over the past 10 years, CU71.L has underperformed SEMA.L with an annualized return of 2.15%, while SEMA.L has yielded a comparatively higher 11.29% annualized return.

CU71.L

• 1D: 0.05%
• 1M: 0.94%
• YTD: -0.39%
• 6M: -1.09%
• 1Y: 3.97%
• 3Y*: 1.07%
• 5Y*: 1.42%
• 10Y*: 2.15%

SEMA.L

• 1D: -0.97%
• 1M: 10.33%
• YTD: 27.84%
• 6M: 30.04%
• 1Y: 57.61%
• 3Y*: 21.49%
• 5Y*: 8.88%
• 10Y*: 11.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CU71.L vs. SEMA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CU71.L iShares USD Treasury Bond 3-7yr UCITS ETF (Acc)	-0.39%	-0.08%	3.77%	-1.43%	1.45%	-1.10%	3.33%	2.76%	7.03%	-7.76%
SEMA.L iShares MSCI EM UCITS ETF (Acc)	27.84%	25.09%	9.38%	3.47%	-10.74%	-1.60%	14.69%	12.62%	-9.25%	24.43%

Correlation

The correlation between CU71.L and SEMA.L is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	-0.12
Correlation (5Y) Calculated over the trailing 5-year period	-0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Mar 25, 2013	0.05

The correlation between CU71.L and SEMA.L shifts across timeframes, from -0.15 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CU71.L vs. SEMA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CU71.L

CU71.L Risk / Return Rank: 19
CU71.L Sharpe Ratio Rank: 20
CU71.L Sortino Ratio Rank: 19
CU71.L Omega Ratio Rank: 18
CU71.L Calmar Ratio Rank: 19
CU71.L Martin Ratio Rank: 18

SEMA.L

SEMA.L Risk / Return Rank: 90
SEMA.L Sharpe Ratio Rank: 92
SEMA.L Sortino Ratio Rank: 90
SEMA.L Omega Ratio Rank: 92
SEMA.L Calmar Ratio Rank: 88
SEMA.L Martin Ratio Rank: 87

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.

CU71.L vs. SEMA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (CU71.L) and iShares MSCI EM UCITS ETF (Acc) (SEMA.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CU71.L	SEMA.L	Difference
Sharpe ratio: Return per unit of total volatility	0.66	3.39	-2.72
Sortino ratio: Return per unit of downside risk	1.02	4.30	-3.28
Omega ratio: Gain probability vs. loss probability	1.12	1.63	-0.51
Calmar ratio: Return relative to maximum drawdown	0.79	5.23	-4.45
Martin ratio: Return relative to average drawdown	1.94	18.66	-16.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CU71.L vs. SEMA.L - Sharpe Ratio Comparison

The current CU71.L Sharpe Ratio is 0.66, which is lower than the SEMA.L Sharpe Ratio of 3.39. The chart below compares the historical Sharpe Ratios of CU71.L and SEMA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CU71.L	SEMA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.66	3.39	-2.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.55	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.63	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.40	-0.14

Drawdowns

CU71.L vs. SEMA.L - Drawdown Comparison

The maximum CU71.L drawdown since its inception was -20.50%, smaller than the maximum SEMA.L drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for CU71.L and SEMA.L.

Drawdown Indicators

	CU71.L	SEMA.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.50%	-31.75%	+11.25%
Max Drawdown (1Y) Largest decline over 1 year	-5.02%	-10.95%	+5.93%
Max Drawdown (3Y) Largest decline over 3 years	-7.33%	-15.23%	+7.90%
Max Drawdown (5Y) Largest decline over 5 years	-15.69%	-23.52%	+7.83%
Max Drawdown (10Y) Largest decline over 10 years	-20.50%	-27.06%	+6.56%
Current Drawdown Current decline from peak	-13.34%	-0.97%	-12.37%
Average Drawdown Average peak-to-trough decline	-10.11%	-10.72%	+0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	3.08%	-1.04%

Volatility

CU71.L vs. SEMA.L - Volatility Comparison

The current volatility for iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (CU71.L) is 1.45%, while iShares MSCI EM UCITS ETF (Acc) (SEMA.L) has a volatility of 7.31%. This indicates that CU71.L experiences smaller price fluctuations and is considered to be less risky than SEMA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CU71.L	SEMA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.45%	7.31%	-5.86%
Volatility (6M) Calculated over the trailing 6-month period	4.32%	14.47%	-10.15%
Volatility (1Y) Calculated over the trailing 1-year period	5.96%	16.94%	-10.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.27%	16.19%	-7.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.55%	18.04%	-8.49%

CU71.L vs. SEMA.L - Expense Ratio Comparison

CU71.L has a 0.07% expense ratio, which is lower than SEMA.L's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CU71.L vs. SEMA.L - Dividend Comparison

Neither CU71.L nor SEMA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CU71.L and SEMA.L in my portfolio?

CU71.L and SEMA.L have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CU71.L or SEMA.L?

On fees, CU71.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CU71.L or SEMA.L?

CU71.L is cheaper with a 0.07% expense ratio, compared with 0.18% for SEMA.L.

What is the main difference between CU71.L and SEMA.L?

CU71.L is categorized as Government Bonds, while SEMA.L is Emerging Markets Equities. CU71.L tracks ICE U.S. Treasury 3-7 Year Bond Index, while SEMA.L tracks MSCI EM NR USD. Their fees differ too: 0.07% for CU71.L and 0.18% for SEMA.L.