EMHD.L vs. IEMB.L
EMHD.L (Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist) and IEMB.L (iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist)) are both exchange-traded funds - EMHD.L is a Emerging Markets Equities fund tracking the FTSE Emerging High Dividend Low Volatility Net Tax Index, while IEMB.L is a Emerging Markets Bonds fund managed by iShares. Over the past 10 years, EMHD.L returned 6.52%/yr vs 2.92%/yr for IEMB.L. At a 0.45 correlation, their price movements are largely independent. EMHD.L charges 0.49%/yr vs 0.45%/yr for IEMB.L.
Performance
EMHD.L vs. IEMB.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMHD.L achieves a 9.69% return, which is significantly higher than IEMB.L's 1.65% return. Over the past 10 years, EMHD.L has outperformed IEMB.L with an annualized return of 6.52%, while IEMB.L has yielded a comparatively lower 2.92% annualized return.
EMHD.L
- 1D
- 1.35%
- 1M
- 1.00%
- 6M
- 7.11%
- YTD
- 9.69%
- 1Y
- 22.52%
- 3Y*
- 14.58%
- 5Y*
- 6.61%
- 10Y*
- 6.52%
IEMB.L
- 1D
- -0.03%
- 1M
- -0.61%
- 6M
- 1.98%
- YTD
- 1.65%
- 1Y
- 10.02%
- 3Y*
- 8.70%
- 5Y*
- 1.75%
- 10Y*
- 2.92%
EMHD.L vs. IEMB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMHD.L Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist | 9.69% | 26.92% | 2.28% | 10.90% | -17.26% | 13.67% | -6.85% | 15.06% | -6.42% | 25.33% |
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 1.65% | 13.71% | 5.70% | 10.54% | -18.35% | -2.28% | 5.57% | 16.06% | -5.53% | 9.73% |
Correlation
The correlation between EMHD.L and IEMB.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 27, 2016 | 0.45 |
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Return for Risk
EMHD.L vs. IEMB.L — Risk / Return Rank
EMHD.L
IEMB.L
EMHD.L vs. IEMB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist (EMHD.L) and iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.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.
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.
| EMHD.L | IEMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.33 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.31 | +0.35 |
| Martin ratioReturn relative to average drawdown | 7.32 | 9.59 | -2.27 |
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Drawdowns
EMHD.L vs. IEMB.L - Drawdown Comparison
The maximum EMHD.L drawdown since its inception was -38.32%, which is greater than IEMB.L's maximum drawdown of -31.65%. Use the drawdown chart below to compare losses from any high point for EMHD.L and IEMB.L.
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Drawdown Indicators
| EMHD.L | IEMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.32% | -31.65% | -6.67% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -4.32% | -4.13% |
Max Drawdown (3Y)Largest decline over 3 years | -13.96% | -7.54% | -6.42% |
Max Drawdown (5Y)Largest decline over 5 years | -30.44% | -28.62% | -1.82% |
Max Drawdown (10Y)Largest decline over 10 years | -38.32% | -28.62% | -9.70% |
Current DrawdownCurrent decline from peak | -3.52% | -0.73% | -2.79% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -4.96% | -4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 1.04% | +2.03% |
Volatility
EMHD.L vs. IEMB.L - Volatility Comparison
Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist (EMHD.L) has a higher volatility of 3.78% compared to iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.L) at 1.10%. This indicates that EMHD.L's price experiences larger fluctuations and is considered to be riskier than IEMB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMHD.L | IEMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 1.10% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 5.03% | +4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 5.89% | +6.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.09% | 8.89% | +6.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 9.24% | +7.36% |
EMHD.L vs. IEMB.L - Expense Ratio Comparison
EMHD.L has a 0.49% expense ratio, which is higher than IEMB.L's 0.45% expense ratio.
Dividends
EMHD.L vs. IEMB.L - Dividend Comparison
EMHD.L's dividend yield for the trailing twelve months is around 4.79%, less than IEMB.L's 5.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMHD.L Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist | 4.79% | 5.17% | 5.77% | 5.99% | 9.02% | 6.08% | 4.02% | 5.04% | 5.51% | 4.92% | 2.37% | 0.00% |
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 5.77% | 5.85% | 5.80% | 5.65% | 5.55% | 3.95% | 3.86% | 4.73% | 4.82% | 4.79% | 5.57% | 4.78% |
Frequently Asked Questions
EMHD.L and IEMB.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEMB.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEMB.L is cheaper with a 0.45% expense ratio, compared with 0.49% for EMHD.L.
EMHD.L is categorized as Emerging Markets Equities, while IEMB.L is Emerging Markets Bonds. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.49% for EMHD.L and 0.45% for IEMB.L.
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