EMHG.L vs. SGSU.L
EMHG.L (iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist)) and SGSU.L (iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - EMHG.L is a Emerging Markets Bonds fund tracking the J.P. Morgan Emerging Markets Bond Index Global Diversified Core, while SGSU.L is a Global Bonds fund tracking the iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist). Both are passively managed. Over the past 5 years, EMHG.L returned 0.93%/yr vs 2.57%/yr for SGSU.L. At a 0.31 correlation, their price movements are largely independent. EMHG.L charges 0.50%/yr vs 0.17%/yr for SGSU.L.
Performance
EMHG.L vs. SGSU.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMHG.L achieves a 1.82% return, which is significantly higher than SGSU.L's 1.67% return.
EMHG.L
- 1D
- 0.30%
- 1M
- -0.56%
- 6M
- 2.08%
- YTD
- 1.82%
- 1Y
- 9.87%
- 3Y*
- 8.37%
- 5Y*
- 0.93%
- 10Y*
- —
SGSU.L
- 1D
- 0.20%
- 1M
- 0.41%
- 6M
- 1.46%
- YTD
- 1.67%
- 1Y
- 3.86%
- 3Y*
- 4.96%
- 5Y*
- 2.57%
- 10Y*
- —
EMHG.L vs. SGSU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMHG.L iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) | 1.82% | 13.40% | 5.31% | 8.97% | -19.93% | -2.50% | 3.49% | 3.38% |
SGSU.L iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) | 1.67% | 5.12% | 5.16% | 4.29% | -2.66% | -0.43% | 2.44% | 0.80% |
Correlation
The correlation between EMHG.L and SGSU.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.31 |
The correlation between EMHG.L and SGSU.L shifts across timeframes, from 0.23 (1 year) to 0.35 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMHG.L vs. SGSU.L — Risk / Return Rank
EMHG.L
SGSU.L
EMHG.L vs. SGSU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) (EMHG.L) and iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) (SGSU.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.
| EMHG.L | SGSU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.71 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 9.24 | -6.96 |
| Martin ratioReturn relative to average drawdown | 9.28 | 28.95 | -19.67 |
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Drawdowns
EMHG.L vs. SGSU.L - Drawdown Comparison
The maximum EMHG.L drawdown since its inception was -29.64%, which is greater than SGSU.L's maximum drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for EMHG.L and SGSU.L.
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Drawdown Indicators
| EMHG.L | SGSU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.64% | -8.45% | -21.19% |
Max Drawdown (1Y)Largest decline over 1 year | -4.44% | -0.42% | -4.02% |
Max Drawdown (3Y)Largest decline over 3 years | -7.62% | -0.62% | -7.00% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -4.83% | -24.81% |
Current DrawdownCurrent decline from peak | -0.56% | -0.01% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -0.84% | -7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.13% | +0.96% |
Volatility
EMHG.L vs. SGSU.L - Volatility Comparison
iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) (EMHG.L) has a higher volatility of 1.37% compared to iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) (SGSU.L) at 0.48%. This indicates that EMHG.L's price experiences larger fluctuations and is considered to be riskier than SGSU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMHG.L | SGSU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 0.48% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 4.88% | 1.20% | +3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 1.72% | +4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.00% | 2.14% | +6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.02% | 3.02% | +7.00% |
EMHG.L vs. SGSU.L - Expense Ratio Comparison
EMHG.L has a 0.50% expense ratio, which is higher than SGSU.L's 0.17% expense ratio.
Dividends
EMHG.L vs. SGSU.L - Dividend Comparison
EMHG.L's dividend yield for the trailing twelve months is around 6.17%, more than SGSU.L's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EMHG.L iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) | 6.17% | 5.71% | 5.74% | 5.61% | 5.64% | 3.93% | 3.85% | 4.73% | 3.64% |
SGSU.L iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) | 4.46% | 4.60% | 4.62% | 3.98% | 1.67% | 0.79% | 3.43% | 0.00% | 0.00% |
Frequently Asked Questions
EMHG.L and SGSU.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGSU.L is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGSU.L is cheaper with a 0.17% expense ratio, compared with 0.50% for EMHG.L.
EMHG.L is categorized as Emerging Markets Bonds, while SGSU.L is Global Bonds. EMHG.L tracks J.P. Morgan Emerging Markets Bond Index Global Diversified Core, while SGSU.L tracks iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist). Their fees differ too: 0.50% for EMHG.L and 0.17% for SGSU.L.
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