EMAU.L vs. EMDH.L
EMAU.L (L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc)) and EMDH.L (L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged (Dist)) are both Emerging Markets Bonds funds from L&G tracking the J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index. Both are passively managed. Over the past 3 years, EMAU.L returned 6.29%/yr vs 5.02%/yr for EMDH.L. A 0.60 correlation means they provide meaningful diversification when combined. EMAU.L charges 0.35%/yr vs 0.38%/yr for EMDH.L.
Performance
EMAU.L vs. EMDH.L - Performance Comparison
Loading charts...
Different Trading Currencies
EMAU.L is traded in USD, while EMDH.L is traded in GBp. To make them comparable, the EMDH.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMAU.L achieves a 1.29% return, which is significantly higher than EMDH.L's -4.45% return.
EMAU.L
- 1D
- 0.00%
- 1M
- -0.18%
- 6M
- 1.01%
- YTD
- 1.29%
- 1Y
- 5.26%
- 3Y*
- 6.29%
- 5Y*
- —
- 10Y*
- —
EMDH.L
- 1D
- 0.13%
- 1M
- -1.85%
- 6M
- -1.48%
- YTD
- -4.45%
- 1Y
- -0.48%
- 3Y*
- 5.02%
- 5Y*
- —
- 10Y*
- —
EMAU.L vs. EMDH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMAU.L L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc) | 1.29% | 8.06% | 5.68% | 6.84% | -11.34% | 0.12% |
EMDH.L L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged (Dist) | -4.45% | 15.91% | 3.62% | 11.31% | -21.80% | 2.62% |
Correlation
The correlation between EMAU.L and EMDH.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2021 | 0.60 |
The correlation between EMAU.L and EMDH.L has been stable across timeframes, ranging from 0.56 to 0.60 - 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
EMAU.L vs. EMDH.L — Risk / Return Rank
EMAU.L
EMDH.L
EMAU.L vs. EMDH.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) (EMAU.L) and L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged (Dist) (EMDH.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.
| EMAU.L | EMDH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.00 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | -0.07 | +2.25 |
| Martin ratioReturn relative to average drawdown | 9.66 | -0.18 | +9.84 |
Loading charts...
Drawdowns
EMAU.L vs. EMDH.L - Drawdown Comparison
The maximum EMAU.L drawdown since its inception was -19.62%, smaller than the maximum EMDH.L drawdown of -33.95%. Use the drawdown chart below to compare losses from any high point for EMAU.L and EMDH.L.
Loading charts...
Drawdown Indicators
| EMAU.L | EMDH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.62% | -33.95% | +14.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -6.39% | +3.84% |
Max Drawdown (3Y)Largest decline over 3 years | -3.01% | -10.49% | +7.48% |
Current DrawdownCurrent decline from peak | -0.27% | -5.05% | +4.78% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -11.36% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.60% | -2.03% |
Volatility
EMAU.L vs. EMDH.L - Volatility Comparison
The current volatility for L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc) (EMAU.L) is 0.85%, while L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged (Dist) (EMDH.L) has a volatility of 4.06%. This indicates that EMAU.L experiences smaller price fluctuations and is considered to be less risky than EMDH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMAU.L | EMDH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 4.06% | -3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 7.09% | -4.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 9.25% | -5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.58% | 11.71% | -6.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.58% | 11.71% | -6.13% |
EMAU.L vs. EMDH.L - Expense Ratio Comparison
EMAU.L has a 0.35% expense ratio, which is lower than EMDH.L's 0.38% expense ratio.
Dividends
EMAU.L vs. EMDH.L - Dividend Comparison
EMAU.L has not paid dividends to shareholders, while EMDH.L's dividend yield for the trailing twelve months is around 0.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EMAU.L L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMDH.L L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged (Dist) | 0.03% | 5.29% | 4.90% | 4.53% | 2.36% |
Frequently Asked Questions
EMAU.L and EMDH.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMAU.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMAU.L is cheaper with a 0.35% expense ratio, compared with 0.38% for EMDH.L.
Both ETFs track J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index. Their fees differ too: 0.35% for EMAU.L and 0.38% for EMDH.L.
Find the right allocation for EMAU.L and EMDH.L
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