EMCR.L vs. EMD5.L
EMCR.L (iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist)) and EMD5.L (L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD (Dist)) are both Emerging Markets Bonds funds - EMCR.L tracks the J.P. Morgan CEMBI Broad Diversified Core Index while EMD5.L tracks the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index. Both are passively managed. Over the past 5 years, EMCR.L returned 1.97%/yr vs 2.39%/yr for EMD5.L. A 0.53 correlation means they provide meaningful diversification when combined. EMCR.L charges 0.50%/yr vs 0.25%/yr for EMD5.L.
Performance
EMCR.L vs. EMD5.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMCR.L achieves a 1.80% return, which is significantly higher than EMD5.L's -0.96% return.
EMCR.L
- 1D
- 0.29%
- 1M
- 0.23%
- 6M
- 1.61%
- YTD
- 1.80%
- 1Y
- 6.43%
- 3Y*
- 7.10%
- 5Y*
- 1.97%
- 10Y*
- 3.52%
EMD5.L
- 1D
- 0.11%
- 1M
- -0.00%
- 6M
- -0.75%
- YTD
- -0.96%
- 1Y
- 3.64%
- 3Y*
- 7.13%
- 5Y*
- 2.39%
- 10Y*
- —
EMCR.L vs. EMD5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMCR.L iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 1.80% | 8.43% | 6.66% | 7.85% | -12.39% | -0.65% | 1.18% |
EMD5.L L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD (Dist) | -0.96% | 10.15% | 8.41% | 7.84% | -10.41% | -0.28% | 0.80% |
Correlation
The correlation between EMCR.L and EMD5.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.53 |
The correlation between EMCR.L and EMD5.L has been stable across timeframes, ranging from 0.47 to 0.57 - 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
EMCR.L vs. EMD5.L — Risk / Return Rank
EMCR.L
EMD5.L
EMCR.L vs. EMD5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (EMCR.L) and L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD (Dist) (EMD5.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.
| EMCR.L | EMD5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.21 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.10 | +1.16 |
| Martin ratioReturn relative to average drawdown | 9.69 | 2.76 | +6.93 |
Loading charts...
Drawdowns
EMCR.L vs. EMD5.L - Drawdown Comparison
The maximum EMCR.L drawdown since its inception was -22.67%, which is greater than EMD5.L's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for EMCR.L and EMD5.L.
Loading charts...
Drawdown Indicators
| EMCR.L | EMD5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.67% | -16.04% | -6.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -3.29% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -3.29% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -16.04% | -4.16% |
Max Drawdown (10Y)Largest decline over 10 years | -22.67% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -1.06% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -4.32% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 1.31% | -0.67% |
Volatility
EMCR.L vs. EMD5.L - Volatility Comparison
iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (EMCR.L) has a higher volatility of 1.02% compared to L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD (Dist) (EMD5.L) at 0.95%. This indicates that EMCR.L's price experiences larger fluctuations and is considered to be riskier than EMD5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMCR.L | EMD5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 0.95% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 3.51% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 3.97% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 4.85% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 4.62% | +2.88% |
EMCR.L vs. EMD5.L - Expense Ratio Comparison
EMCR.L has a 0.50% expense ratio, which is higher than EMD5.L's 0.25% expense ratio.
Dividends
EMCR.L vs. EMD5.L - Dividend Comparison
EMCR.L's dividend yield for the trailing twelve months is around 5.59%, more than EMD5.L's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMCR.L iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 5.59% | 5.56% | 5.44% | 5.04% | 4.28% | 3.62% | 3.93% | 4.58% | 4.70% | 4.35% | 4.61% | 5.13% |
EMD5.L L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD (Dist) | 2.87% | 5.66% | 6.09% | 4.60% | 3.04% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMCR.L and EMD5.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMD5.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMD5.L is cheaper with a 0.25% expense ratio, compared with 0.50% for EMCR.L.
EMCR.L tracks J.P. Morgan CEMBI Broad Diversified Core Index, while EMD5.L tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index. They also come from different issuers: iShares and L&G. Their fees differ too: 0.50% for EMCR.L and 0.25% for EMD5.L.
Find the right allocation for EMCR.L and EMD5.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