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EMGB.L vs. ERNS.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EMGB.L vs. ERNS.L

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EMGB.L) and iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L).

EMGB.L and ERNS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMGB.L is a passively managed fund by VanEck that tracks the performance of the JPM GBI-EM Global Diversified TR USD. It was launched on Apr 7, 2017. ERNS.L is an actively managed fund by iShares. It was launched on Oct 16, 2013.

Performance

EMGB.L vs. ERNS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EMGB.L) and iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L). The values are adjusted to include any dividend payments, if applicable.

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EMGB.L vs. ERNS.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EMGB.L
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF		-0.01%10.22%-0.96%4.28%0.69%-8.70%-0.78%6.10%-3.13%-3.39%
ERNS.L
iShares £ Ultrashort Bond UCITS ETF GBP (Dist)		0.77%4.84%5.54%4.76%1.54%0.13%0.77%1.27%0.58%0.25%

Returns By Period

In the year-to-date period, EMGB.L achieves a -0.01% return, which is significantly lower than ERNS.L's 0.77% return.

EMGB.L

1D
0.31%
1M
-2.61%
YTD
-0.01%
6M
3.21%
1Y
9.14%
3Y*
3.76%
5Y*
2.58%
10Y*
—

ERNS.L

1D
0.06%
1M
0.25%
YTD
0.77%
6M
2.03%
1Y
4.53%
3Y*
5.07%
5Y*
3.46%
10Y*
2.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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VanEck J.P. Morgan EM Local Currency Bond UCITS ETF

iShares £ Ultrashort Bond UCITS ETF GBP (Dist)

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EMGB.L vs. TDIV.ASEMGB.L vs. EMDL.LEMGB.L vs. EMLO.LEMGB.L vs. EMLI.LEMGB.L vs. SBEM.LEMGB.L vs. VEMA.LEMGB.L vs. EMBE.L
Often compared with ERNS.L:
ERNS.L vs. CSH2.LERNS.L vs. IGLT.LERNS.L vs. ICSHERNS.L vs. TI5G.LERNS.L vs. CEMBERNS.L vs. IHG.LERNS.L vs. VOC

EMGB.L vs. ERNS.L - Expense Ratio Comparison

EMGB.L has a 0.30% expense ratio, which is higher than ERNS.L's 0.09% expense ratio.

EMGB.L
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF
ERNS.L
iShares £ Ultrashort Bond UCITS ETF GBP (Dist)

Return for Risk

EMGB.L vs. ERNS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMGB.L
EMGB.L Risk / Return Rank: 7979
Overall Rank
EMGB.L Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
EMGB.L Sortino Ratio Rank: 8989
Sortino Ratio Rank
EMGB.L Omega Ratio Rank: 8282
Omega Ratio Rank
EMGB.L Calmar Ratio Rank: 7070
Calmar Ratio Rank
EMGB.L Martin Ratio Rank: 6868
Martin Ratio Rank
ERNS.L
ERNS.L Risk / Return Rank: 9999
Overall Rank
ERNS.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
ERNS.L Sortino Ratio Rank: 9999
Sortino Ratio Rank
ERNS.L Omega Ratio Rank: 9999
Omega Ratio Rank
ERNS.L Calmar Ratio Rank: 9999
Calmar Ratio Rank
ERNS.L Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMGB.L vs. ERNS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EMGB.L) and iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.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.

EMGB.LERNS.LDifference

Sharpe ratio

Return per unit of total volatility

1.78

5.39

-3.61

Sortino ratio

Return per unit of downside risk

2.61

9.29

-6.68

Omega ratio

Gain probability vs. loss probability

1.33

2.44

-1.11

Calmar ratio

Return relative to maximum drawdown

2.01

23.48

-21.47

Martin ratio

Return relative to average drawdown

7.78

114.06

-106.28

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMGB.L vs. ERNS.L - Sharpe Ratio Comparison

The current EMGB.L Sharpe Ratio is 1.78, which is lower than the ERNS.L Sharpe Ratio of 5.39. The chart below compares the historical Sharpe Ratios of EMGB.L and ERNS.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

EMGB.LERNS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.78

5.39

-3.61

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.37

4.19

-3.82

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

2.33

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.04

2.19

-2.15

Correlation

The correlation between EMGB.L and ERNS.L is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EMGB.L vs. ERNS.L - Dividend Comparison

EMGB.L has not paid dividends to shareholders, while ERNS.L's dividend yield for the trailing twelve months is around 5.69%.

TTM20252024202320222021202020192018201720162015
EMGB.L
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ERNS.L
iShares £ Ultrashort Bond UCITS ETF GBP (Dist)		5.69%4.65%5.42%4.54%1.14%0.28%0.75%1.04%0.74%0.52%0.81%0.72%

Drawdowns

EMGB.L vs. ERNS.L - Drawdown Comparison

The maximum EMGB.L drawdown since its inception was -20.56%, which is greater than ERNS.L's maximum drawdown of -1.51%. Use the drawdown chart below to compare losses from any high point for EMGB.L and ERNS.L.

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Drawdown Indicators

EMGB.LERNS.LDifference

Max Drawdown

Largest peak-to-trough decline

-20.56%

-1.51%

-19.05%

Max Drawdown (1Y)

Largest decline over 1 year

-4.68%

-0.19%

-4.49%

Max Drawdown (5Y)

Largest decline over 5 years

-9.57%

-0.36%

-9.21%

Max Drawdown (10Y)

Largest decline over 10 years

—

-1.51%

—

Current Drawdown

Current decline from peak

-4.07%

0.00%

-4.07%

Average Drawdown

Average peak-to-trough decline

-10.79%

-0.05%

-10.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.21%

0.04%

+1.17%

Volatility

EMGB.L vs. ERNS.L - Volatility Comparison

VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EMGB.L) has a higher volatility of 2.38% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 0.30%. This indicates that EMGB.L's price experiences larger fluctuations and is considered to be riskier than ERNS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EMGB.LERNS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.38%

0.30%

+2.08%

Volatility (6M)

Calculated over the trailing 6-month period

3.95%

0.61%

+3.34%

Volatility (1Y)

Calculated over the trailing 1-year period

5.11%

0.84%

+4.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.93%

0.83%

+6.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.38%

0.91%

+7.47%