EMDG.L vs. JPEE.L
EMDG.L (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF) and JPEE.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds tracking the JPM EMBI Global Diversified TR USD, from Legal & General and iShares respectively. Both are passively managed. Over the past 5 years, EMDG.L returned 3.95%/yr vs 3.04%/yr for JPEE.L. A 0.70 correlation means they provide meaningful diversification when combined. EMDG.L charges 0.25%/yr vs 0.45%/yr for JPEE.L.
Performance
EMDG.L vs. JPEE.L - Performance Comparison
Loading charts...
Different Trading Currencies
EMDG.L is traded in GBp, while JPEE.L is traded in EUR. To make them comparable, the JPEE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMDG.L achieves a 1.60% return, which is significantly lower than JPEE.L's 2.18% return.
EMDG.L
- 1D
- 0.12%
- 1M
- 1.49%
- YTD
- 1.60%
- 6M
- 1.41%
- 1Y
- 7.92%
- 3Y*
- 5.79%
- 5Y*
- 3.95%
- 10Y*
- —
JPEE.L
- 1D
- 0.21%
- 1M
- 2.02%
- YTD
- 2.18%
- 6M
- 1.68%
- 1Y
- 12.52%
- 3Y*
- 7.00%
- 5Y*
- 3.04%
- 10Y*
- —
EMDG.L vs. JPEE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMDG.L L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 1.60% | 2.35% | 10.43% | 1.99% | 0.28% | 0.96% | -1.56% |
JPEE.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.18% | 6.06% | 7.50% | 4.43% | -8.96% | -0.44% | -0.54% |
Correlation
The correlation between EMDG.L and JPEE.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.70 |
The correlation between EMDG.L and JPEE.L has been stable across timeframes, ranging from 0.70 to 0.74 - 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
EMDG.L vs. JPEE.L — Risk / Return Rank
EMDG.L
JPEE.L
EMDG.L vs. JPEE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMDG.L) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.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.
| EMDG.L | JPEE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 3.09 | -0.99 |
| Martin ratioReturn relative to average drawdown | 6.03 | 8.78 | -2.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EMDG.L | JPEE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 2.05 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.34 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.28 | +0.09 |
Drawdowns
EMDG.L vs. JPEE.L - Drawdown Comparison
The maximum EMDG.L drawdown since its inception was -12.32%, smaller than the maximum JPEE.L drawdown of -19.75%. Use the drawdown chart below to compare losses from any high point for EMDG.L and JPEE.L.
Loading charts...
Drawdown Indicators
| EMDG.L | JPEE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.32% | -19.75% | +7.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.76% | -4.03% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -7.93% | -8.89% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -12.32% | -14.29% | +1.97% |
Current DrawdownCurrent decline from peak | -0.29% | 0.00% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -7.47% | +3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 1.42% | -0.11% |
Volatility
EMDG.L vs. JPEE.L - Volatility Comparison
L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMDG.L) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) have volatilities of 1.78% and 1.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMDG.L | JPEE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.81% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 4.39% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 6.08% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.86% | 8.90% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 10.20% | -2.38% |
EMDG.L vs. JPEE.L - Expense Ratio Comparison
EMDG.L has a 0.25% expense ratio, which is lower than JPEE.L's 0.45% expense ratio.
Dividends
EMDG.L vs. JPEE.L - Dividend Comparison
EMDG.L's dividend yield for the trailing twelve months is around 5.33%, while JPEE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EMDG.L L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 5.33% | 5.95% | 5.95% | 4.65% | 2.91% | 1.21% |
JPEE.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMDG.L and JPEE.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMDG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMDG.L is cheaper with a 0.25% expense ratio, compared with 0.45% for JPEE.L.
Both ETFs track JPM EMBI Global Diversified TR USD. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.25% for EMDG.L and 0.45% for JPEE.L.
Find the right allocation for EMDG.L and JPEE.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