EMIG.L vs. UBXX.L

Last updated Jun 5, 2026

EMIG.L (UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc) and UBXX.L (UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis) are both Emerging Markets Bonds funds from UBS - EMIG.L tracks the JPM EMBI Global Diversified TR USD while UBXX.L tracks the J.P. Morgan EMBI Global Diversified 1-5 Year Index. Both are passively managed. Over the past 5 years, EMIG.L returned 0.89%/yr vs 2.38%/yr for UBXX.L. At a 0.15 correlation, their price movements are largely independent. EMIG.L charges 0.45%/yr vs 0.47%/yr for UBXX.L.

Performance

EMIG.L vs. UBXX.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 J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMIG.L achieves a 0.13% return, which is significantly lower than UBXX.L's 2.14% return.

EMIG.L

• 1D: -0.09%
• 1M: 1.05%
• YTD: 0.13%
• 6M: -0.29%
• 1Y: 7.08%
• 3Y*: 2.15%
• 5Y*: 0.89%
• 10Y*: —

UBXX.L

• 1D: 0.01%
• 1M: 0.40%
• YTD: 2.14%
• 6M: 2.65%
• 1Y: 8.00%
• 3Y*: 8.13%
• 5Y*: 2.38%
• 10Y*: —

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

EMIG.L vs. UBXX.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	0.13%	1.96%	3.34%	0.56%	-7.44%	-0.84%	5.09%	-5.65%
UBXX.L UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis	2.14%	9.71%	7.01%	7.14%	-11.07%	-0.10%	1.69%	0.46%

Correlation

The correlation between EMIG.L and UBXX.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Aug 9, 2019	0.15

The correlation between EMIG.L and UBXX.L shifts across timeframes, from -0.07 (1 year) to 0.17 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

EMIG.L vs. UBXX.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: 31
EMIG.L Sharpe Ratio Rank: 35
EMIG.L Sortino Ratio Rank: 36
EMIG.L Omega Ratio Rank: 32
EMIG.L Calmar Ratio Rank: 29
EMIG.L Martin Ratio Rank: 25

UBXX.L

UBXX.L Risk / Return Rank: 88
UBXX.L Sharpe Ratio Rank: 87
UBXX.L Sortino Ratio Rank: 93
UBXX.L Omega Ratio Rank: 92
UBXX.L Calmar Ratio Rank: 81
UBXX.L Martin Ratio Rank: 88

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. UBXX.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 J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.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	UBXX.L	Difference
Sharpe ratio: Return per unit of total volatility	1.22	2.81	-1.60
Sortino ratio: Return per unit of downside risk	1.83	4.49	-2.66
Omega ratio: Gain probability vs. loss probability	1.21	1.61	-0.40
Calmar ratio: Return relative to maximum drawdown	1.40	4.13	-2.72
Martin ratio: Return relative to average drawdown	3.30	19.08	-15.78
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. UBXX.L - Sharpe Ratio Comparison

The current EMIG.L Sharpe Ratio is 1.22, which is lower than the UBXX.L Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of EMIG.L and UBXX.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EMIG.L	UBXX.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	2.81	-1.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.56	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.48	-0.53

Drawdowns

EMIG.L vs. UBXX.L - Drawdown Comparison

The maximum EMIG.L drawdown since its inception was -17.02%, roughly equal to the maximum UBXX.L drawdown of -16.83%. Use the drawdown chart below to compare losses from any high point for EMIG.L and UBXX.L.

Drawdown Indicators

	EMIG.L	UBXX.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.02%	-16.83%	-0.19%
Max Drawdown (1Y) Largest decline over 1 year	-5.03%	-1.93%	-3.10%
Max Drawdown (3Y) Largest decline over 3 years	-8.09%	-2.59%	-5.50%
Max Drawdown (5Y) Largest decline over 5 years	-14.52%	-16.83%	+2.31%
Current Drawdown Current decline from peak	-7.24%	-0.07%	-7.17%
Average Drawdown Average peak-to-trough decline	-9.25%	-3.72%	-5.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	0.42%	+1.72%

Volatility

EMIG.L vs. UBXX.L - Volatility Comparison

UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.L) has a higher volatility of 1.49% compared to UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.L) at 0.67%. This indicates that EMIG.L's price experiences larger fluctuations and is considered to be riskier than UBXX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMIG.L	UBXX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.49%	0.67%	+0.82%
Volatility (6M) Calculated over the trailing 6-month period	4.31%	2.32%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	5.82%	2.85%	+2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.28%	4.25%	+4.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.47%	4.96%	+4.51%

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

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

Dividends

EMIG.L vs. UBXX.L - Dividend Comparison

EMIG.L has not paid dividends to shareholders, while UBXX.L's dividend yield for the trailing twelve months is around 6.47%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%	0.00%
UBXX.L UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis	6.47%	25.71%	7.05%	4.76%	4.40%	3.91%	4.43%	6.18%	0.21%

Frequently Asked Questions

Can I hold both EMIG.L and UBXX.L in my portfolio?

EMIG.L and UBXX.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMIG.L or UBXX.L?

On fees, EMIG.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMIG.L or UBXX.L?

EMIG.L is cheaper with a 0.45% expense ratio, compared with 0.47% for UBXX.L.

What is the main difference between EMIG.L and UBXX.L?

EMIG.L tracks JPM EMBI Global Diversified TR USD, while UBXX.L tracks J.P. Morgan EMBI Global Diversified 1-5 Year Index. Their fees differ too: 0.45% for EMIG.L and 0.47% for UBXX.L.