EMA5.DE vs. EMIE.DE

Last updated Apr 2, 2026

Compare and contrast key facts about L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.DE) and UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.DE).

EMA5.DE and EMIE.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMA5.DE is a passively managed fund by Legal & General that tracks the performance of the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity. It was launched on Dec 3, 2020. EMIE.DE is a passively managed fund by UBS that tracks the performance of the JP Morgan USD Emerging Markets IG ESG Diversified Bond (EUR Hedged). It was launched on Aug 2, 2019. Both EMA5.DE and EMIE.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EMA5.DE vs. EMIE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.DE) and UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.DE). The values are adjusted to include any dividend payments, if applicable.

EMA5.DE vs. EMIE.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	0.75%	-2.57%	14.01%	3.79%	-5.07%	7.86%	-1.26%
EMIE.DE UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc	-1.54%	7.05%	-0.36%	3.88%	-19.72%	-2.93%	0.95%

Returns By Period

In the year-to-date period, EMA5.DE achieves a 0.75% return, which is significantly higher than EMIE.DE's -1.54% return.

EMA5.DE

• 1D: -0.50%
• 1M: -0.48%
• YTD: 0.75%
• 6M: 2.85%
• 1Y: -0.95%
• 3Y*: 5.15%
• 5Y*: 2.65%
• 10Y*: —

EMIE.DE

• 1D: 0.46%
• 1M: -2.03%
• YTD: -1.54%
• 6M: -1.26%
• 1Y: 2.56%
• 3Y*: 2.17%
• 5Y*: -2.35%
• 10Y*: —

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

EMA5.DE vs. EMIE.DE - Expense Ratio Comparison

EMA5.DE has a 0.25% expense ratio, which is lower than EMIE.DE's 0.43% expense ratio.

EMIE.DE

UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc

EMA5.DE

L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF

Return for Risk

EMA5.DE vs. EMIE.DE — Risk / Return Rank

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

EMA5.DE

EMA5.DE Risk / Return Rank: 9
EMA5.DE Sharpe Ratio Rank: 9
EMA5.DE Sortino Ratio Rank: 8
EMA5.DE Omega Ratio Rank: 8
EMA5.DE Calmar Ratio Rank: 10
EMA5.DE Martin Ratio Rank: 10

EMIE.DE

EMIE.DE Risk / Return Rank: 27
EMIE.DE Sharpe Ratio Rank: 29
EMIE.DE Sortino Ratio Rank: 27
EMIE.DE Omega Ratio Rank: 26
EMIE.DE Calmar Ratio Rank: 26
EMIE.DE Martin Ratio Rank: 28

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.

EMA5.DE vs. EMIE.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 UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.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	EMIE.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.13	0.60	-0.74
Sortino ratio Return per unit of downside risk	-0.13	0.84	-0.97
Omega ratio Gain probability vs. loss probability	0.98	1.11	-0.13
Calmar ratio Return relative to maximum drawdown	-0.10	0.73	-0.83
Martin ratio Return relative to average drawdown	-0.22	2.65	-2.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMA5.DE vs. EMIE.DE - Sharpe Ratio Comparison

The current EMA5.DE Sharpe Ratio is -0.13, which is lower than the EMIE.DE Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of EMA5.DE and EMIE.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EMA5.DE	EMIE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	0.60	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	-0.35	+0.72
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	-0.13	+0.57

Correlation

The correlation between EMA5.DE and EMIE.DE is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EMA5.DE vs. EMIE.DE - Dividend Comparison

EMA5.DE's dividend yield for the trailing twelve months is around 4.66%, while EMIE.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF	4.66%	5.61%	5.39%	4.22%	2.89%	1.01%
EMIE.DE UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

EMA5.DE vs. EMIE.DE - Drawdown Comparison

The maximum EMA5.DE drawdown since its inception was -10.01%, smaller than the maximum EMIE.DE drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for EMA5.DE and EMIE.DE.

Drawdown Indicators

	EMA5.DE	EMIE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-10.01%	-26.98%	+16.97%
Max Drawdown (1Y) Largest decline over 1 year	-6.02%	-3.53%	-2.49%
Max Drawdown (5Y) Largest decline over 5 years	-10.01%	-25.83%	+15.82%
Current Drawdown Current decline from peak	-4.67%	-14.98%	+10.31%
Average Drawdown Average peak-to-trough decline	-3.53%	-12.65%	+9.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	0.97%	+1.03%

Volatility

EMA5.DE vs. EMIE.DE - Volatility Comparison

L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.DE) has a higher volatility of 2.05% compared to UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.DE) at 1.49%. This indicates that EMA5.DE's price experiences larger fluctuations and is considered to be riskier than EMIE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMA5.DE	EMIE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	1.49%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	4.04%	2.42%	+1.62%
Volatility (1Y) Calculated over the trailing 1-year period	7.12%	4.24%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.04%	6.67%	+0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.96%	8.02%	-1.06%