EMDH.L vs. EMCA.L
EMDH.L (L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged (Dist)) and EMCA.L (iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Acc)) are both Emerging Markets Bonds funds - EMDH.L tracks the J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index while EMCA.L tracks the J.P. Morgan CEMBI Broad Diversified Core Index. Both are passively managed. Over the past 3 years, EMDH.L returned 4.88%/yr vs 5.79%/yr for EMCA.L. At a 0.07 correlation, their price movements are largely independent. EMDH.L charges 0.38%/yr vs 0.50%/yr for EMCA.L.
Performance
EMDH.L vs. EMCA.L - Performance Comparison
Loading charts...
Different Trading Currencies
EMDH.L is traded in GBp, while EMCA.L is traded in USD. To make them comparable, the EMCA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMDH.L achieves a -1.83% return, which is significantly lower than EMCA.L's 1.23% return.
EMDH.L
- 1D
- -0.29%
- 1M
- -0.42%
- 6M
- -2.12%
- YTD
- -1.83%
- 1Y
- 2.22%
- 3Y*
- 4.88%
- 5Y*
- —
- 10Y*
- —
EMCA.L
- 1D
- 0.00%
- 1M
- -1.17%
- 6M
- 0.73%
- YTD
- 1.23%
- 1Y
- 4.96%
- 3Y*
- 5.79%
- 5Y*
- 2.28%
- 10Y*
- —
EMDH.L vs. EMCA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMDH.L L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged (Dist) | -1.83% | 7.78% | 5.38% | 5.73% | -12.44% | 0.25% |
EMCA.L iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Acc) | 1.23% | 0.87% | 8.06% | 2.56% | -1.64% | -2.21% |
Correlation
The correlation between EMDH.L and EMCA.L is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2021 | 0.07 |
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
EMDH.L vs. EMCA.L — Risk / Return Rank
EMDH.L
EMCA.L
EMDH.L vs. EMCA.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 GBP Hedged (Dist) (EMDH.L) and iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Acc) (EMCA.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.
| EMDH.L | EMCA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.13 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 1.04 | -0.57 |
| Martin ratioReturn relative to average drawdown | 1.17 | 2.97 | -1.81 |
Loading charts...
Drawdowns
EMDH.L vs. EMCA.L - Drawdown Comparison
The maximum EMDH.L drawdown since its inception was -18.65%, which is greater than EMCA.L's maximum drawdown of -16.51%. Use the drawdown chart below to compare losses from any high point for EMDH.L and EMCA.L.
Loading charts...
Drawdown Indicators
| EMDH.L | EMCA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.65% | -16.51% | -2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -4.44% | -4.84% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -4.44% | -8.21% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.05% | — |
Current DrawdownCurrent decline from peak | -2.12% | -2.95% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -4.02% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.70% | +0.07% |
Volatility
EMDH.L vs. EMCA.L - Volatility Comparison
The current volatility for L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged (Dist) (EMDH.L) is 0.74%, while iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Acc) (EMCA.L) has a volatility of 2.14%. This indicates that EMDH.L experiences smaller price fluctuations and is considered to be less risky than EMCA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMDH.L | EMCA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 2.14% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 5.56% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 6.98% | -2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.22% | 8.46% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.22% | 10.82% | -5.60% |
EMDH.L vs. EMCA.L - Expense Ratio Comparison
EMDH.L has a 0.38% expense ratio, which is lower than EMCA.L's 0.50% expense ratio.
Dividends
EMDH.L vs. EMCA.L - Dividend Comparison
EMDH.L's dividend yield for the trailing twelve months is around 2.68%, while EMCA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EMCA.L iShares J.P. Morgan $ EM Corp Bond 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) | 2.68% | 5.29% | 4.90% | 4.53% | 2.36% |
Frequently Asked Questions
EMDH.L and EMCA.L have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMDH.L is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMDH.L is cheaper with a 0.38% expense ratio, compared with 0.50% for EMCA.L.
EMDH.L tracks J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index, while EMCA.L tracks J.P. Morgan CEMBI Broad Diversified Core Index. They also come from different issuers: L&G and iShares. Their fees differ too: 0.38% for EMDH.L and 0.50% for EMCA.L.
Find the right allocation for EMDH.L and EMCA.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