EMIG.L vs. EMLO.L

Last updated Apr 2, 2026

Compare and contrast key facts about UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.L) and UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (EMLO.L).

EMIG.L and EMLO.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMIG.L is a passively managed fund by UBS that tracks the performance of the JPM EMBI Global Diversified TR USD. It was launched on Aug 2, 2019. EMLO.L is a passively managed fund by UBS that tracks the performance of the JPM GBI-EM Global Diversified TR USD. It was launched on Sep 5, 2018. Both EMIG.L and EMLO.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EMIG.L vs. EMLO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.L) and UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (EMLO.L). The values are adjusted to include any dividend payments, if applicable.

EMIG.L vs. EMLO.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EMIG.L UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc	0.22%	1.96%	3.34%	0.56%	-7.44%	-0.84%	5.09%	-5.65%
EMLO.L UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis	-0.25%	12.30%	0.01%	8.48%	-4.28%	-6.61%	-1.56%	-3.72%

Returns By Period

In the year-to-date period, EMIG.L achieves a 0.22% return, which is significantly higher than EMLO.L's -0.25% return.

EMIG.L

• 1D: 0.06%
• 1M: -0.98%
• YTD: 0.22%
• 6M: 1.42%
• 1Y: 2.20%
• 3Y*: 1.95%
• 5Y*: 0.59%
• 10Y*: —

EMLO.L

• 1D: 0.56%
• 1M: -3.31%
• YTD: -0.25%
• 6M: 3.60%
• 1Y: 10.43%
• 3Y*: 5.82%
• 5Y*: 3.37%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMIG.L vs. EMLO.L - Expense Ratio Comparison

EMIG.L has a 0.45% expense ratio, which is lower than EMLO.L's 0.47% expense ratio.

EMLO.L

UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis

EMIG.L

UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc

Return for Risk

EMIG.L vs. EMLO.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMIG.L

EMIG.L Risk / Return Rank: 19
EMIG.L Sharpe Ratio Rank: 22
EMIG.L Sortino Ratio Rank: 19
EMIG.L Omega Ratio Rank: 18
EMIG.L Calmar Ratio Rank: 19
EMIG.L Martin Ratio Rank: 16

EMLO.L

EMLO.L Risk / Return Rank: 82
EMLO.L Sharpe Ratio Rank: 87
EMLO.L Sortino Ratio Rank: 91
EMLO.L Omega Ratio Rank: 85
EMLO.L Calmar Ratio Rank: 74
EMLO.L Martin Ratio Rank: 75

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.

EMIG.L vs. EMLO.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.L) and UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (EMLO.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.

	EMIG.L	EMLO.L	Difference
Sharpe ratio Return per unit of total volatility	0.38	1.90	-1.53
Sortino ratio Return per unit of downside risk	0.56	2.75	-2.19
Omega ratio Gain probability vs. loss probability	1.07	1.35	-0.28
Calmar ratio Return relative to maximum drawdown	0.41	2.25	-1.83
Martin ratio Return relative to average drawdown	0.79	8.89	-8.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMIG.L vs. EMLO.L - Sharpe Ratio Comparison

The current EMIG.L Sharpe Ratio is 0.38, which is lower than the EMLO.L Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of EMIG.L and EMLO.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.

Sharpe Ratios by Period

	EMIG.L	EMLO.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.38	1.90	-1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.44	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.38	-0.43

Correlation

The correlation between EMIG.L and EMLO.L is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EMIG.L vs. EMLO.L - Dividend Comparison

EMIG.L has not paid dividends to shareholders, while EMLO.L's dividend yield for the trailing twelve months is around 5.60%.

	TTM	2025	2024	2023	2022	2021	2020	2019
EMIG.L UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EMLO.L UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis	5.60%	5.66%	5.13%	4.54%	4.40%	4.95%	4.94%	5.12%

Drawdowns

EMIG.L vs. EMLO.L - Drawdown Comparison

The maximum EMIG.L drawdown since its inception was -17.02%, smaller than the maximum EMLO.L drawdown of -20.42%. Use the drawdown chart below to compare losses from any high point for EMIG.L and EMLO.L.

Drawdown Indicators

	EMIG.L	EMLO.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.02%	-20.42%	+3.40%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	-4.77%	-0.58%
Max Drawdown (5Y) Largest decline over 5 years	-14.52%	-11.88%	-2.64%
Current Drawdown Current decline from peak	-7.16%	-3.69%	-3.47%
Average Drawdown Average peak-to-trough decline	-9.29%	-8.90%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	1.21%	+1.56%

Volatility

EMIG.L vs. EMLO.L - Volatility Comparison

The current volatility for UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.L) is 1.89%, while UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (EMLO.L) has a volatility of 2.31%. This indicates that EMIG.L experiences smaller price fluctuations and is considered to be less risky than EMLO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMIG.L	EMLO.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.89%	2.31%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	4.40%	4.20%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	6.79%	5.46%	+1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.35%	7.63%	+0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.56%	8.57%	+0.99%