EMAG.L vs. SUSU.L
EMAG.L (L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc)) and SUSU.L (iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist)) are both exchange-traded funds - EMAG.L is a Emerging Markets Bonds fund tracking the J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index, while SUSU.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 3 years, EMAG.L returned 5.31%/yr vs 3.97%/yr for SUSU.L. A 0.65 correlation means they provide meaningful diversification when combined. EMAG.L charges 0.35%/yr vs 0.12%/yr for SUSU.L.
Performance
EMAG.L vs. SUSU.L - Performance Comparison
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Different Trading Currencies
EMAG.L is traded in GBp, while SUSU.L is traded in USD. To make them comparable, the SUSU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMAG.L achieves a 0.97% return, which is significantly lower than SUSU.L's 1.32% return.
EMAG.L
- 1D
- -0.65%
- 1M
- -0.94%
- 6M
- 0.08%
- YTD
- 0.97%
- 1Y
- 4.65%
- 3Y*
- 5.31%
- 5Y*
- —
- 10Y*
- —
SUSU.L
- 1D
- -0.03%
- 1M
- -1.23%
- 6M
- 0.79%
- YTD
- 1.32%
- 1Y
- 3.62%
- 3Y*
- 3.97%
- 5Y*
- 3.40%
- 10Y*
- —
EMAG.L vs. SUSU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMAG.L L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc) | 0.97% | 0.75% | 7.46% | 0.98% | -0.82% | 1.27% |
SUSU.L iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) | 1.32% | -1.97% | 7.29% | -0.08% | 9.44% | 1.28% |
Correlation
The correlation between EMAG.L and SUSU.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2021 | 0.65 |
The correlation between EMAG.L and SUSU.L has been stable across timeframes, ranging from 0.65 to 0.66 - a consistent structural relationship.
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Return for Risk
EMAG.L vs. SUSU.L — Risk / Return Rank
EMAG.L
SUSU.L
EMAG.L vs. SUSU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc) (EMAG.L) and iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) (SUSU.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.
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.
| EMAG.L | SUSU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.10 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 0.70 | +0.44 |
| Martin ratioReturn relative to average drawdown | 2.81 | 1.96 | +0.85 |
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Drawdowns
EMAG.L vs. SUSU.L - Drawdown Comparison
The maximum EMAG.L drawdown since its inception was -11.32%, smaller than the maximum SUSU.L drawdown of -15.81%. Use the drawdown chart below to compare losses from any high point for EMAG.L and SUSU.L.
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Drawdown Indicators
| EMAG.L | SUSU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.32% | -15.81% | +4.49% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -5.14% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -9.09% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.81% | — |
Current DrawdownCurrent decline from peak | -2.56% | -4.70% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -6.95% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.85% | -0.14% |
Volatility
EMAG.L vs. SUSU.L - Volatility Comparison
L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc) (EMAG.L) has a higher volatility of 1.96% compared to iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) (SUSU.L) at 1.59%. This indicates that EMAG.L's price experiences larger fluctuations and is considered to be riskier than SUSU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMAG.L | SUSU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.59% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 5.20% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 6.65% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.85% | 8.43% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 8.63% | -0.78% |
EMAG.L vs. SUSU.L - Expense Ratio Comparison
EMAG.L has a 0.35% expense ratio, which is higher than SUSU.L's 0.12% expense ratio.
Dividends
EMAG.L vs. SUSU.L - Dividend Comparison
EMAG.L has not paid dividends to shareholders, while SUSU.L's dividend yield for the trailing twelve months is around 4.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMAG.L L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SUSU.L iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) | 4.48% | 4.60% | 4.71% | 4.01% | 1.59% | 0.82% | 2.24% | 2.90% |
Frequently Asked Questions
EMAG.L and SUSU.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUSU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUSU.L is cheaper with a 0.12% expense ratio, compared with 0.35% for EMAG.L.
EMAG.L is categorized as Emerging Markets Bonds, while SUSU.L is Corporate Bonds. EMAG.L tracks J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index, while SUSU.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: L&G and iShares. Their fees differ too: 0.35% for EMAG.L and 0.12% for SUSU.L.
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