EMLB.L vs. SDIG.L
EMLB.L (PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD (Acc)) and SDIG.L (iShares $ Short Duration Corp Bond UCITS ETF USD (Dist)) are both exchange-traded funds - EMLB.L is a Emerging Markets Bonds fund tracking the PIMCO Emerging Markets Advantage Local Currency Bond Index, while SDIG.L is a Short-Term Bond fund tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index. Both are passively managed. Over the past 10 years, EMLB.L returned 3.09%/yr vs 2.50%/yr for SDIG.L. At a 0.23 correlation, their price movements are largely independent. EMLB.L charges 0.39%/yr vs 0.20%/yr for SDIG.L.
Performance
EMLB.L vs. SDIG.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMLB.L achieves a 2.65% return, which is significantly higher than SDIG.L's 1.01% return. Over the past 10 years, EMLB.L has outperformed SDIG.L with an annualized return of 3.09%, while SDIG.L has yielded a comparatively lower 2.50% annualized return.
EMLB.L
- 1D
- -0.01%
- 1M
- -0.21%
- 6M
- 1.96%
- YTD
- 2.65%
- 1Y
- 8.18%
- 3Y*
- 5.81%
- 5Y*
- 3.92%
- 10Y*
- 3.09%
SDIG.L
- 1D
- -0.05%
- 1M
- 0.19%
- 6M
- 0.97%
- YTD
- 1.01%
- 1Y
- 3.92%
- 3Y*
- 5.22%
- 5Y*
- 2.45%
- 10Y*
- 2.50%
EMLB.L vs. SDIG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMLB.L PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD (Acc) | 2.65% | 17.08% | -3.25% | 13.74% | -5.70% | -5.53% | 1.91% | 13.10% | -6.90% | 12.55% |
SDIG.L iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) | 1.01% | 6.12% | 4.93% | 5.83% | -4.83% | -0.48% | 4.51% | 6.18% | 0.83% | 2.13% |
Correlation
The correlation between EMLB.L and SDIG.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | 0.23 |
The correlation between EMLB.L and SDIG.L shifts across timeframes, from 0.23 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMLB.L vs. SDIG.L — Risk / Return Rank
EMLB.L
SDIG.L
EMLB.L vs. SDIG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD (Acc) (EMLB.L) and iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) (SDIG.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.
| EMLB.L | SDIG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.39 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 3.33 | -1.84 |
| Martin ratioReturn relative to average drawdown | 4.86 | 13.93 | -9.07 |
Loading charts...
Drawdowns
EMLB.L vs. SDIG.L - Drawdown Comparison
The maximum EMLB.L drawdown since its inception was -29.75%, which is greater than SDIG.L's maximum drawdown of -11.39%. Use the drawdown chart below to compare losses from any high point for EMLB.L and SDIG.L.
Loading charts...
Drawdown Indicators
| EMLB.L | SDIG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.75% | -11.39% | -18.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.48% | -1.17% | -4.31% |
Max Drawdown (3Y)Largest decline over 3 years | -7.50% | -1.18% | -6.32% |
Max Drawdown (5Y)Largest decline over 5 years | -20.09% | -7.59% | -12.50% |
Max Drawdown (10Y)Largest decline over 10 years | -21.37% | -11.39% | -9.98% |
Current DrawdownCurrent decline from peak | -1.30% | -0.14% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -9.33% | -0.93% | -8.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 0.28% | +1.40% |
Volatility
EMLB.L vs. SDIG.L - Volatility Comparison
PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD (Acc) (EMLB.L) has a higher volatility of 2.01% compared to iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) (SDIG.L) at 0.61%. This indicates that EMLB.L's price experiences larger fluctuations and is considered to be riskier than SDIG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMLB.L | SDIG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.01% | 0.61% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 6.18% | 1.55% | +4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.00% | 1.94% | +5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.48% | 2.66% | +6.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.58% | 3.75% | +5.83% |
EMLB.L vs. SDIG.L - Expense Ratio Comparison
EMLB.L has a 0.39% expense ratio, which is higher than SDIG.L's 0.20% expense ratio.
Dividends
EMLB.L vs. SDIG.L - Dividend Comparison
EMLB.L has not paid dividends to shareholders, while SDIG.L's dividend yield for the trailing twelve months is around 4.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLB.L PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDIG.L iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) | 4.40% | 4.32% | 4.03% | 3.11% | 1.85% | 1.49% | 2.12% | 2.63% | 2.29% | 1.84% | 1.75% | 1.43% |
Frequently Asked Questions
EMLB.L and SDIG.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDIG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDIG.L is cheaper with a 0.20% expense ratio, compared with 0.39% for EMLB.L.
EMLB.L is categorized as Emerging Markets Bonds, while SDIG.L is Short-Term Bond. EMLB.L tracks PIMCO Emerging Markets Advantage Local Currency Bond Index, while SDIG.L tracks Markit iBoxx USD Liquid Investment Grade 0-5 Index. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.39% for EMLB.L and 0.20% for SDIG.L.
Find the right allocation for EMLB.L and SDIG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer