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EMBE.L vs. ASML.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EMBE.L vs. ASML.AS

Last updated Jun 9, 2026

EMBE.L (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) is Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified Hedge TR EUR, while ASML.AS (ASML Holding NV) is a stock. Over the past 10 years, EMBE.L returned 0.91%/yr vs 33.95%/yr for ASML.AS. At a 0.31 correlation, their price movements are largely independent.

Performance

EMBE.L vs. ASML.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (EMBE.L) and ASML Holding NV (ASML.AS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EMBE.L achieves a 0.41% return, which is significantly lower than ASML.AS's 63.16% return. Over the past 10 years, EMBE.L has underperformed ASML.AS with an annualized return of 0.91%, while ASML.AS has yielded a comparatively higher 33.95% annualized return.

EMBE.L

1D
-0.01%
1M
-0.47%
YTD
0.41%
6M
1.14%
1Y
8.54%
3Y*
7.20%
5Y*
-0.58%
10Y*
0.91%

ASML.AS

1D
0.86%
1M
13.54%
YTD
63.16%
6M
57.98%
1Y
126.18%
3Y*
31.56%
5Y*
22.96%
10Y*
33.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EMBE.L vs. ASML.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EMBE.L
iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)		0.41%10.99%4.00%7.66%-20.86%-3.27%3.35%12.27%-8.40%8.13%
ASML.AS
ASML Holding NV		63.16%37.08%0.36%36.66%-27.83%78.74%52.10%95.32%-4.67%37.45%

Correlation

The correlation between EMBE.L and ASML.AS is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.36

Correlation (3Y)
Calculated over the trailing 3-year period

0.28

Correlation (5Y)
Calculated over the trailing 5-year period

0.35

Correlation (10Y)
Calculated over the trailing 10-year period

0.34

Correlation (All Time)
Calculated using the full available price history since Jul 9, 2013

0.31

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iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)

ASML Holding NV

Often compared with EMBE.L:
EMBE.L vs. EMBEMBE.L vs. CEMBEMBE.L vs. SEMB.LEMBE.L vs. XUHY.LEMBE.L vs. VWOBEMBE.L vs. PCYEMBE.L vs. JEPQ
Often compared with ASML.AS:
ASML.AS vs. NVDAASML.AS vs. ASMLASML.AS vs. SPYASML.AS vs. ASME.DEASML.AS vs. TSMASML.AS vs. AMDASML.AS vs. KLAC

Return for Risk

EMBE.L vs. ASML.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMBE.L
EMBE.L Risk / Return Rank: 4747
Overall Rank
EMBE.L Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
EMBE.L Sortino Ratio Rank: 5353
Sortino Ratio Rank
EMBE.L Omega Ratio Rank: 4848
Omega Ratio Rank
EMBE.L Calmar Ratio Rank: 4141
Calmar Ratio Rank
EMBE.L Martin Ratio Rank: 4747
Martin Ratio Rank
ASML.AS
ASML.AS Risk / Return Rank: 9494
Overall Rank
ASML.AS Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
ASML.AS Sortino Ratio Rank: 9393
Sortino Ratio Rank
ASML.AS Omega Ratio Rank: 9292
Omega Ratio Rank
ASML.AS Calmar Ratio Rank: 9696
Calmar Ratio Rank
ASML.AS Martin Ratio Rank: 9696
Martin Ratio Rank
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.

EMBE.L vs. ASML.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (EMBE.L) and ASML Holding NV (ASML.AS). 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.

EMBE.LASML.ASDifference
Sharpe ratioReturn per unit of total volatility
1.45
3.23

-1.79

Sortino ratioReturn per unit of downside risk
2.32
3.65

-1.33

Omega ratioGain probability vs. loss probability

1.27

1.47

-0.20

Calmar ratioReturn relative to maximum drawdown

1.86

8.17

-6.32

Martin ratioReturn relative to average drawdown

7.12

21.20

-14.08

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMBE.L vs. ASML.AS - Sharpe Ratio Comparison

The current EMBE.L Sharpe Ratio is 1.45, which is lower than the ASML.AS Sharpe Ratio of 3.23. The chart below compares the historical Sharpe Ratios of EMBE.L and ASML.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EMBE.LASML.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.45

3.23

-1.79

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.07

0.59

-0.65

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.10

0.98

-0.88

Sharpe Ratio (All Time)

Calculated using the full available price history

0.23

0.54

-0.31

Drawdowns

EMBE.L vs. ASML.AS - Drawdown Comparison

The maximum EMBE.L drawdown since its inception was -30.73%, smaller than the maximum ASML.AS drawdown of -89.99%. Use the drawdown chart below to compare losses from any high point for EMBE.L and ASML.AS.

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Drawdown Indicators

EMBE.LASML.ASDifference

Max Drawdown

Largest peak-to-trough decline

-30.73%

-89.99%

+59.26%

Max Drawdown (1Y)

Largest decline over 1 year

-4.58%

-15.81%

+11.23%

Max Drawdown (3Y)

Largest decline over 3 years

-7.94%

-44.77%

+36.83%

Max Drawdown (5Y)

Largest decline over 5 years

-30.46%

-47.93%

+17.47%

Max Drawdown (10Y)

Largest decline over 10 years

-30.73%

-47.93%

+17.20%

Current Drawdown

Current decline from peak

-4.47%

0.00%

-4.47%

Average Drawdown

Average peak-to-trough decline

-7.39%

-32.58%

+25.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.20%

6.13%

-4.93%

Volatility

EMBE.L vs. ASML.AS - Volatility Comparison

The current volatility for iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (EMBE.L) is 2.07%, while ASML Holding NV (ASML.AS) has a volatility of 13.42%. This indicates that EMBE.L experiences smaller price fluctuations and is considered to be less risky than ASML.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EMBE.LASML.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.07%

13.42%

-11.35%

Volatility (6M)

Calculated over the trailing 6-month period

4.85%

30.65%

-25.80%

Volatility (1Y)

Calculated over the trailing 1-year period

5.89%

39.95%

-34.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.89%

38.44%

-29.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.48%

34.12%

-24.64%

Dividends

EMBE.L vs. ASML.AS - Dividend Comparison

EMBE.L's dividend yield for the trailing twelve months is around 5.66%, more than ASML.AS's 0.50% yield.

PositionTTM20252024202320222021202020192018201720162015
ASML.AS
ASML Holding NV		0.50%0.71%0.92%0.87%1.28%0.47%0.64%1.19%1.02%0.83%0.98%0.85%
EMBE.L
iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)		5.66%5.44%5.64%5.50%5.39%3.92%3.85%4.77%5.75%3.88%5.36%4.72%

Frequently Asked Questions

EMBE.L and ASML.AS have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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