EMCR.L vs. TAHY.L
EMCR.L (iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist)) and TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc)) are both exchange-traded funds - EMCR.L is a Emerging Markets Bonds fund tracking the J.P. Morgan CEMBI Broad Diversified Core Index, while TAHY.L is a High Yield Bonds fund tracking the iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. Both are passively managed. Over the past 3 years, EMCR.L returned 6.91%/yr vs 8.17%/yr for TAHY.L. At a 0.23 correlation, their price movements are largely independent. EMCR.L charges 0.50%/yr vs 0.60%/yr for TAHY.L.
Performance
EMCR.L vs. TAHY.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMCR.L achieves a 1.77% return, which is significantly lower than TAHY.L's 3.88% return.
EMCR.L
- 1D
- 0.26%
- 1M
- 0.19%
- 6M
- 1.48%
- YTD
- 1.77%
- 1Y
- 6.02%
- 3Y*
- 6.91%
- 5Y*
- 1.97%
- 10Y*
- 3.51%
TAHY.L
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 2.85%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
EMCR.L vs. TAHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMCR.L iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 1.77% | 8.43% | 6.66% | 7.85% | -12.39% | -1.38% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 3.88% | 7.26% | 17.54% | -10.74% | -18.39% | -13.10% |
Correlation
The correlation between EMCR.L and TAHY.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.23 |
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Return for Risk
EMCR.L vs. TAHY.L — Risk / Return Rank
EMCR.L
TAHY.L
EMCR.L vs. TAHY.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 Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.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 | TAHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.38 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.59 | -0.39 |
| Martin ratioReturn relative to average drawdown | 9.44 | 7.38 | +2.07 |
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Drawdowns
EMCR.L vs. TAHY.L - Drawdown Comparison
The maximum EMCR.L drawdown since its inception was -22.67%, smaller than the maximum TAHY.L drawdown of -51.61%. Use the drawdown chart below to compare losses from any high point for EMCR.L and TAHY.L.
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Drawdown Indicators
| EMCR.L | TAHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.67% | -51.61% | +28.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -2.57% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -9.81% | +6.12% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.67% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -17.10% | +16.92% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -26.81% | +23.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.91% | -0.27% |
Volatility
EMCR.L vs. TAHY.L - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (EMCR.L) is 1.01%, while Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) has a volatility of 1.07%. This indicates that EMCR.L experiences smaller price fluctuations and is considered to be less risky than TAHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMCR.L | TAHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.07% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 2.83% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 3.64% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 13.09% | -7.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 13.09% | -5.59% |
EMCR.L vs. TAHY.L - Expense Ratio Comparison
EMCR.L has a 0.50% expense ratio, which is lower than TAHY.L's 0.60% expense ratio.
Dividends
EMCR.L vs. TAHY.L - Dividend Comparison
EMCR.L's dividend yield for the trailing twelve months is around 5.59%, while TAHY.L has not paid dividends to shareholders.
| 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% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMCR.L and TAHY.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMCR.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMCR.L is cheaper with a 0.50% expense ratio, compared with 0.60% for TAHY.L.
EMCR.L is categorized as Emerging Markets Bonds, while TAHY.L is High Yield Bonds. EMCR.L tracks J.P. Morgan CEMBI Broad Diversified Core Index, while TAHY.L tracks iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. They also come from different issuers: iShares and Janus Henderson. Their fees differ too: 0.50% for EMCR.L and 0.60% for TAHY.L.
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