EMA5.DE vs. 36B1.DE
EMA5.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF) and 36B1.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) are both Emerging Markets Bonds funds - EMA5.DE tracks the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity while 36B1.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 5 years, EMA5.DE returned 3.38%/yr vs 2.20%/yr for 36B1.DE. A 0.75 correlation means they provide meaningful diversification when combined. EMA5.DE charges 0.25%/yr vs 0.45%/yr for 36B1.DE.
Performance
EMA5.DE vs. 36B1.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with EMA5.DE having a 2.33% return and 36B1.DE slightly higher at 2.43%.
EMA5.DE
- 1D
- -0.04%
- 1M
- 1.09%
- YTD
- 2.33%
- 6M
- 2.03%
- 1Y
- 4.26%
- 3Y*
- 5.12%
- 5Y*
- 3.38%
- 10Y*
- —
36B1.DE
- 1D
- 0.13%
- 1M
- 1.52%
- YTD
- 2.43%
- 6M
- 2.12%
- 1Y
- 7.79%
- 3Y*
- 5.51%
- 5Y*
- 2.20%
- 10Y*
- —
EMA5.DE vs. 36B1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 2.33% | -2.57% | 14.01% | 3.79% | -5.07% | 7.86% | -1.26% |
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 2.43% | -0.10% | 10.86% | 5.55% | -13.71% | 6.46% | -0.59% |
Correlation
The correlation between EMA5.DE and 36B1.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.75 |
The correlation between EMA5.DE and 36B1.DE has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMA5.DE vs. 36B1.DE — Risk / Return Rank
EMA5.DE
36B1.DE
EMA5.DE vs. 36B1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.DE) and iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE). 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.
| EMA5.DE | 36B1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.63 | -1.24 |
| Martin ratioReturn relative to average drawdown | 3.47 | 6.72 | -3.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EMA5.DE | 36B1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.32 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.26 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.23 | +0.24 |
Drawdowns
EMA5.DE vs. 36B1.DE - Drawdown Comparison
The maximum EMA5.DE drawdown since its inception was -10.01%, smaller than the maximum 36B1.DE drawdown of -22.46%. Use the drawdown chart below to compare losses from any high point for EMA5.DE and 36B1.DE.
Loading charts...
Drawdown Indicators
| EMA5.DE | 36B1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.01% | -22.46% | +12.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.95% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -10.01% | -12.43% | +2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -10.01% | -16.34% | +6.33% |
Current DrawdownCurrent decline from peak | -3.17% | -1.33% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -8.64% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.16% | +0.06% |
Volatility
EMA5.DE vs. 36B1.DE - Volatility Comparison
L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.DE) has a higher volatility of 2.25% compared to iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) at 1.21%. This indicates that EMA5.DE's price experiences larger fluctuations and is considered to be riskier than 36B1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMA5.DE | 36B1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 1.21% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.23% | 3.81% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 5.87% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 8.41% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.94% | 9.55% | -2.61% |
EMA5.DE vs. 36B1.DE - Expense Ratio Comparison
EMA5.DE has a 0.25% expense ratio, which is lower than 36B1.DE's 0.45% expense ratio.
Dividends
EMA5.DE vs. 36B1.DE - Dividend Comparison
EMA5.DE's dividend yield for the trailing twelve months is around 4.59%, less than 36B1.DE's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 4.93% | 5.22% | 4.96% | 5.09% | 5.00% | 4.57% | 3.40% | 4.19% |
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 4.59% | 5.61% | 5.39% | 4.22% | 2.89% | 1.01% | 0.00% | 0.00% |
Frequently Asked Questions
EMA5.DE and 36B1.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMA5.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMA5.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for 36B1.DE.
EMA5.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity, while 36B1.DE tracks JP Morgan ESG EMBI Global Diversified. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.25% for EMA5.DE and 0.45% for 36B1.DE.
Find the right allocation for EMA5.DE and 36B1.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer