EMFI vs. LEMB
EMFI (Pictet Emerging Markets Debt ETF) and LEMB (iShares J.P. Morgan EM Local Currency Bond ETF) are both Emerging Markets Bonds funds. EMFI is actively managed, while LEMB is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. EMFI charges 0.50%/yr vs 0.30%/yr for LEMB.
Performance
EMFI vs. LEMB - Performance Comparison
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Returns By Period
EMFI
- 1D
- -0.12%
- 1M
- -0.67%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LEMB
- 1D
- -0.21%
- 1M
- -0.47%
- 6M
- 1.44%
- YTD
- 2.00%
- 1Y
- 7.69%
- 3Y*
- 5.10%
- 5Y*
- 1.27%
- 10Y*
- 1.01%
EMFI vs. LEMB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
EMFI Pictet Emerging Markets Debt ETF | 1.68% |
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | 0.33% |
Correlation
The correlation between EMFI and LEMB is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 23, 2026 | 0.81 |
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Return for Risk
EMFI vs. LEMB — Risk / Return Rank
EMFI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LEMB
EMFI vs. LEMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pictet Emerging Markets Debt ETF (EMFI) and iShares J.P. Morgan EM Local Currency Bond ETF (LEMB). 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.
| EMFI | LEMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.29 | — |
| Martin ratioReturn relative to average drawdown | — | 4.17 | — |
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Drawdowns
EMFI vs. LEMB - Drawdown Comparison
The maximum EMFI drawdown since its inception was -1.84%, smaller than the maximum LEMB drawdown of -30.82%. Use the drawdown chart below to compare losses from any high point for EMFI and LEMB.
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Drawdown Indicators
| EMFI | LEMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.84% | -30.82% | +28.98% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.00% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.09% | — |
Current DrawdownCurrent decline from peak | -0.74% | -4.11% | +3.37% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -12.67% | +12.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.85% | — |
Volatility
EMFI vs. LEMB - Volatility Comparison
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Volatility by Period
| EMFI | LEMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.64% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.24% | 6.67% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 8.24% | -2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.24% | 9.17% | -2.93% |
EMFI vs. LEMB - Expense Ratio Comparison
EMFI has a 0.50% expense ratio, which is higher than LEMB's 0.30% expense ratio.
Dividends
EMFI vs. LEMB - Dividend Comparison
EMFI's dividend yield for the trailing twelve months is around 0.90%, less than LEMB's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMFI Pictet Emerging Markets Debt ETF | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | 2.39% | 2.44% | 0.00% | 1.34% | 0.86% | 3.89% | 0.00% | 4.39% | 3.46% | 0.00% | 0.00% | 0.64% |
Frequently Asked Questions
EMFI and LEMB have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LEMB is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LEMB is cheaper with a 0.30% expense ratio, compared with 0.50% for EMFI.
LEMB has the higher dividend yield at 2.39%, compared with 0.90% for EMFI.
They also come from different issuers: Pictet and iShares. Their fees differ too: 0.50% for EMFI and 0.30% for LEMB.
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