EMDL.L vs. EMIG.L
EMDL.L (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and EMIG.L (UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc) are both Emerging Markets Bonds funds - EMDL.L tracks the JPM GBI-EM Global Diversified TR USD while EMIG.L tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, EMDL.L returned 1.57%/yr vs 0.89%/yr for EMIG.L. A 0.61 correlation means they provide meaningful diversification when combined. EMDL.L charges 0.55%/yr vs 0.45%/yr for EMIG.L.
Performance
EMDL.L vs. EMIG.L - Performance Comparison
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Different Trading Currencies
EMDL.L is traded in GBP, while EMIG.L is traded in GBp. To make them comparable, the EMIG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMDL.L achieves a -0.66% return, which is significantly lower than EMIG.L's 0.13% return.
EMDL.L
- 1D
- 0.02%
- 1M
- 0.48%
- YTD
- -0.66%
- 6M
- -0.55%
- 1Y
- 5.93%
- 3Y*
- 2.66%
- 5Y*
- 1.57%
- 10Y*
- 2.73%
EMIG.L
- 1D
- -0.09%
- 1M
- 1.05%
- YTD
- 0.13%
- 6M
- -0.29%
- 1Y
- 7.08%
- 3Y*
- 2.15%
- 5Y*
- 0.89%
- 10Y*
- —
EMDL.L vs. EMIG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMDL.L SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | -0.66% | 7.85% | -1.25% | 3.50% | 0.26% | -7.31% | 0.02% | -4.33% |
EMIG.L UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc | 0.13% | 1.96% | 3.34% | 0.56% | -7.44% | -0.84% | 5.09% | -5.65% |
Correlation
The correlation between EMDL.L and EMIG.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2019 | 0.61 |
The correlation between EMDL.L and EMIG.L has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.
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Return for Risk
EMDL.L vs. EMIG.L — Risk / Return Rank
EMDL.L
EMIG.L
EMDL.L vs. EMIG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (EMDL.L) and UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.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.
| EMDL.L | EMIG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.40 | -0.20 |
| Martin ratioReturn relative to average drawdown | 3.34 | 3.30 | +0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMDL.L | EMIG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.22 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.11 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | -0.05 | +0.18 |
Drawdowns
EMDL.L vs. EMIG.L - Drawdown Comparison
The maximum EMDL.L drawdown since its inception was -27.54%, which is greater than EMIG.L's maximum drawdown of -17.02%. Use the drawdown chart below to compare losses from any high point for EMDL.L and EMIG.L.
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Drawdown Indicators
| EMDL.L | EMIG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.54% | -17.02% | -10.52% |
Max Drawdown (1Y)Largest decline over 1 year | -4.91% | -5.03% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -4.91% | -8.09% | +3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -8.41% | -14.52% | +6.11% |
Max Drawdown (10Y)Largest decline over 10 years | -16.87% | — | — |
Current DrawdownCurrent decline from peak | -3.44% | -7.24% | +3.80% |
Average DrawdownAverage peak-to-trough decline | -9.41% | -9.25% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.14% | -0.37% |
Volatility
EMDL.L vs. EMIG.L - Volatility Comparison
SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (EMDL.L) has a higher volatility of 2.00% compared to UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.L) at 1.49%. This indicates that EMDL.L's price experiences larger fluctuations and is considered to be riskier than EMIG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMDL.L | EMIG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 1.49% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 4.52% | 4.31% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.45% | 5.82% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.22% | 8.28% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 9.47% | -0.40% |
EMDL.L vs. EMIG.L - Expense Ratio Comparison
EMDL.L has a 0.55% expense ratio, which is higher than EMIG.L's 0.45% expense ratio.
Dividends
EMDL.L vs. EMIG.L - Dividend Comparison
EMDL.L's dividend yield for the trailing twelve months is around 5.09%, while EMIG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMDL.L SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 5.09% | 4.87% | 4.87% | 4.23% | 4.03% | 4.01% | 3.97% | 4.56% | 4.06% | 4.92% | 4.02% | 5.26% |
EMIG.L UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-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
EMDL.L and EMIG.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMIG.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIG.L is cheaper with a 0.45% expense ratio, compared with 0.55% for EMDL.L.
EMDL.L tracks JPM GBI-EM Global Diversified TR USD, while EMIG.L tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: State Street and UBS. Their fees differ too: 0.55% for EMDL.L and 0.45% for EMIG.L.
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