EMES.L vs. EWJV
EMES.L (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) and EWJV (iShares MSCI Japan Value ETF) are both exchange-traded funds - EMES.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD, while EWJV is a Japan Equities fund tracking the MSCI Japan Value Index. Both are passively managed. Over the past 5 years, EMES.L returned 1.35%/yr vs 13.59%/yr for EWJV. At a 0.29 correlation, their price movements are largely independent. EMES.L charges 0.45%/yr vs 0.15%/yr for EWJV.
Performance
EMES.L vs. EWJV - Performance Comparison
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Returns By Period
In the year-to-date period, EMES.L achieves a 1.50% return, which is significantly lower than EWJV's 15.35% return.
EMES.L
- 1D
- 0.06%
- 1M
- 1.02%
- YTD
- 1.50%
- 6M
- 2.10%
- 1Y
- 10.68%
- 3Y*
- 9.03%
- 5Y*
- 1.35%
- 10Y*
- —
EWJV
- 1D
- 0.33%
- 1M
- 5.56%
- YTD
- 15.35%
- 6M
- 17.73%
- 1Y
- 37.16%
- 3Y*
- 24.61%
- 5Y*
- 13.59%
- 10Y*
- —
EMES.L vs. EWJV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMES.L iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 1.50% | 13.10% | 5.45% | 9.57% | -18.82% | -2.59% | 5.41% | 11.34% |
EWJV iShares MSCI Japan Value ETF | 15.35% | 33.96% | 11.59% | 23.60% | -6.02% | 5.48% | 2.41% | 10.48% |
Correlation
The correlation between EMES.L and EWJV is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.29 |
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Return for Risk
EMES.L vs. EWJV — Risk / Return Rank
EMES.L
EWJV
EMES.L vs. EWJV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EMES.L) and iShares MSCI Japan Value ETF (EWJV). 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.
| EMES.L | EWJV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.36 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.53 | -0.16 |
| Martin ratioReturn relative to average drawdown | 9.84 | 7.69 | +2.15 |
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
| EMES.L | EWJV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 1.95 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.76 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.69 | -0.35 |
Drawdowns
EMES.L vs. EWJV - Drawdown Comparison
The maximum EMES.L drawdown since its inception was -28.84%, roughly equal to the maximum EWJV drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for EMES.L and EWJV.
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Drawdown Indicators
| EMES.L | EWJV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.84% | -30.05% | +1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -14.74% | +10.26% |
Max Drawdown (3Y)Largest decline over 3 years | -7.22% | -14.74% | +7.52% |
Max Drawdown (5Y)Largest decline over 5 years | -28.84% | -25.39% | -3.45% |
Current DrawdownCurrent decline from peak | -0.35% | -3.68% | +3.33% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -6.19% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 4.85% | -3.77% |
Volatility
EMES.L vs. EWJV - Volatility Comparison
The current volatility for iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EMES.L) is 2.26%, while iShares MSCI Japan Value ETF (EWJV) has a volatility of 3.85%. This indicates that EMES.L experiences smaller price fluctuations and is considered to be less risky than EWJV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMES.L | EWJV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 3.85% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 4.55% | 14.55% | -10.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.47% | 19.18% | -13.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.28% | 18.01% | -9.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.24% | 18.52% | -9.28% |
EMES.L vs. EWJV - Expense Ratio Comparison
EMES.L has a 0.45% expense ratio, which is higher than EWJV's 0.15% expense ratio.
Dividends
EMES.L vs. EWJV - Dividend Comparison
EMES.L's dividend yield for the trailing twelve months is around 5.78%, more than EWJV's 4.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EMES.L iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 5.78% | 5.78% | 5.45% | 5.41% | 5.03% | 3.48% | 3.49% | 4.60% | 0.50% |
EWJV iShares MSCI Japan Value ETF | 4.64% | 5.35% | 4.10% | 3.32% | 2.71% | 2.46% | 1.96% | 4.29% | 0.00% |
Frequently Asked Questions
EMES.L and EWJV have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EWJV is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EWJV is cheaper with a 0.15% expense ratio, compared with 0.45% for EMES.L.
EMES.L is categorized as Emerging Markets Bonds, while EWJV is Japan Equities. EMES.L tracks JPM EMBI Global Diversified TR USD, while EWJV tracks MSCI Japan Value Index. Their fees differ too: 0.45% for EMES.L and 0.15% for EWJV.
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