EMGB.L vs. SEML.L
EMGB.L (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) and SEML.L (iShares J.P. Morgan EM Local Government Bond UCITS ETF) are both Emerging Markets Bonds funds tracking the JPM GBI-EM Global Diversified TR USD, from VanEck and iShares respectively. Both are passively managed. Over the past 5 years, EMGB.L returned 2.27%/yr vs -3.37%/yr for SEML.L. Their correlation of 0.90 suggests significant overlap in exposure. EMGB.L charges 0.30%/yr vs 0.50%/yr for SEML.L.
Performance
EMGB.L vs. SEML.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMGB.L achieves a 1.24% return, which is significantly higher than SEML.L's -3.02% return.
EMGB.L
- 1D
- 0.03%
- 1M
- 1.77%
- YTD
- 1.24%
- 6M
- 1.42%
- 1Y
- 10.17%
- 3Y*
- 4.11%
- 5Y*
- 2.27%
- 10Y*
- —
SEML.L
- 1D
- 0.15%
- 1M
- 1.66%
- YTD
- -3.02%
- 6M
- -2.77%
- 1Y
- 2.87%
- 3Y*
- -1.63%
- 5Y*
- -3.37%
- 10Y*
- -2.50%
EMGB.L vs. SEML.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMGB.L VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 1.24% | 10.22% | -0.96% | 4.28% | 0.69% | -8.70% | -0.78% | 6.10% | -3.13% | -3.39% |
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | -3.02% | 4.32% | -6.40% | 0.23% | -5.32% | -13.17% | -6.26% | 2.59% | -6.78% | -5.79% |
Correlation
The correlation between EMGB.L and SEML.L is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.90 |
The correlation between EMGB.L and SEML.L has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.
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Return for Risk
EMGB.L vs. SEML.L — Risk / Return Rank
EMGB.L
SEML.L
EMGB.L vs. SEML.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 J.P. Morgan EM Local Government Bond UCITS ETF (SEML.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.L | SEML.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.09 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 0.51 | +1.66 |
| Martin ratioReturn relative to average drawdown | 6.23 | 1.16 | +5.06 |
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
| EMGB.L | SEML.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 0.42 | +1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | -0.40 | +0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | -0.30 | +0.35 |
Drawdowns
EMGB.L vs. SEML.L - Drawdown Comparison
The maximum EMGB.L drawdown since its inception was -20.56%, smaller than the maximum SEML.L drawdown of -66.68%. Use the drawdown chart below to compare losses from any high point for EMGB.L and SEML.L.
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Drawdown Indicators
| EMGB.L | SEML.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -66.68% | +46.12% |
Max Drawdown (1Y)Largest decline over 1 year | -4.68% | -5.65% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -4.68% | -9.95% | +5.27% |
Max Drawdown (5Y)Largest decline over 5 years | -9.57% | -20.11% | +10.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.61% | — |
Current DrawdownCurrent decline from peak | -2.87% | -65.00% | +62.13% |
Average DrawdownAverage peak-to-trough decline | -10.65% | -54.41% | +43.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.46% | -0.83% |
Volatility
EMGB.L vs. SEML.L - Volatility Comparison
The current volatility for VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EMGB.L) is 1.63%, while iShares J.P. Morgan EM Local Government Bond UCITS ETF (SEML.L) has a volatility of 1.79%. This indicates that EMGB.L experiences smaller price fluctuations and is considered to be less risky than SEML.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.L | SEML.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 1.79% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 4.10% | 5.19% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.17% | 6.73% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.87% | 8.32% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.33% | 10.11% | -1.78% |
EMGB.L vs. SEML.L - Expense Ratio Comparison
EMGB.L has a 0.30% expense ratio, which is lower than SEML.L's 0.50% expense ratio.
Dividends
EMGB.L vs. SEML.L - Dividend Comparison
EMGB.L has not paid dividends to shareholders, while SEML.L's dividend yield for the trailing twelve months is around 0.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | 0.03% | 0.05% | 0.06% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.03% |
Frequently Asked Questions
EMGB.L and SEML.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMGB.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMGB.L is cheaper with a 0.30% expense ratio, compared with 0.50% for SEML.L.
Both ETFs track JPM GBI-EM Global Diversified TR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.30% for EMGB.L and 0.50% for SEML.L.
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