EMES.L vs. INDA
EMES.L (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) and INDA (iShares MSCI India ETF) are both exchange-traded funds - EMES.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD, while INDA is a Asia Pacific Equities fund tracking the MSCI India Index. Both are passively managed. Over the past 5 years, EMES.L returned 1.35%/yr vs 2.60%/yr for INDA. At a 0.29 correlation, their price movements are largely independent. EMES.L charges 0.45%/yr vs 0.69%/yr for INDA.
Performance
EMES.L vs. INDA - 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 higher than INDA's -11.16% 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*
- —
INDA
- 1D
- 1.39%
- 1M
- -2.32%
- YTD
- -11.16%
- 6M
- -10.68%
- 1Y
- -10.94%
- 3Y*
- 4.75%
- 5Y*
- 2.60%
- 10Y*
- 6.72%
EMES.L vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 15.66% | -0.48% |
INDA iShares MSCI India ETF | -11.16% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 14.83% | 6.49% | 1.35% |
Correlation
The correlation between EMES.L and INDA is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2018 | 0.29 |
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Return for Risk
EMES.L vs. INDA — Risk / Return Rank
EMES.L
INDA
EMES.L vs. INDA - 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 India ETF (INDA). 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 | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.69 | ||
| Sortino ratioReturn per unit of downside risk | +3.94 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.89 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | -0.59 | +2.96 |
| Martin ratioReturn relative to average drawdown | 9.84 | -1.41 | +11.26 |
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 | INDA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | -0.75 | +2.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.17 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.24 | +0.11 |
Drawdowns
EMES.L vs. INDA - Drawdown Comparison
The maximum EMES.L drawdown since its inception was -28.84%, smaller than the maximum INDA drawdown of -45.07%. Use the drawdown chart below to compare losses from any high point for EMES.L and INDA.
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Drawdown Indicators
| EMES.L | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.84% | -45.07% | +16.23% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -18.69% | +14.21% |
Max Drawdown (3Y)Largest decline over 3 years | -7.22% | -22.72% | +15.50% |
Max Drawdown (5Y)Largest decline over 5 years | -28.84% | -22.72% | -6.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.07% | — |
Current DrawdownCurrent decline from peak | -0.35% | -18.30% | +17.95% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -9.57% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 7.76% | -6.68% |
Volatility
EMES.L vs. INDA - Volatility Comparison
The current volatility for iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EMES.L) is 2.26%, while iShares MSCI India ETF (INDA) has a volatility of 5.34%. This indicates that EMES.L experiences smaller price fluctuations and is considered to be less risky than INDA 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 | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 5.34% | -3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.55% | 12.72% | -8.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.47% | 14.71% | -9.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.28% | 15.38% | -7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.24% | 21.12% | -11.88% |
EMES.L vs. INDA - Expense Ratio Comparison
EMES.L has a 0.45% expense ratio, which is lower than INDA's 0.69% expense ratio.
Dividends
EMES.L vs. INDA - Dividend Comparison
EMES.L's dividend yield for the trailing twelve months is around 5.78%, while INDA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
INDA iShares MSCI India ETF | 0.00% | 0.00% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% |
Frequently Asked Questions
EMES.L and INDA have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMES.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMES.L is cheaper with a 0.45% expense ratio, compared with 0.69% for INDA.
EMES.L is categorized as Emerging Markets Bonds, while INDA is Asia Pacific Equities. EMES.L tracks JPM EMBI Global Diversified TR USD, while INDA tracks MSCI India Index. Their fees differ too: 0.45% for EMES.L and 0.69% for INDA.
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