EMLB.L vs. SGSU.L
EMLB.L (PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD (Acc)) and SGSU.L (iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (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 SGSU.L is a Short-Term Bond fund tracking the Bloomberg MSCI US Corporate 0-3 ESG SRI Index (USD). Both are passively managed. Over the past 5 years, EMLB.L returned 3.90%/yr vs 2.06%/yr for SGSU.L. At a 0.40 correlation, their price movements are largely independent. EMLB.L charges 0.39%/yr vs 0.14%/yr for SGSU.L.
Performance
EMLB.L vs. SGSU.L - Performance Comparison
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Different Trading Currencies
EMLB.L is traded in USD, while SGSU.L is traded in GBP. To make them comparable, the SGSU.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMLB.L achieves a 2.55% return, which is significantly higher than SGSU.L's 1.41% return.
EMLB.L
- 1D
- -0.10%
- 1M
- -0.55%
- 6M
- 1.96%
- YTD
- 2.55%
- 1Y
- 8.40%
- 3Y*
- 5.61%
- 5Y*
- 3.90%
- 10Y*
- 3.12%
SGSU.L
- 1D
- -0.42%
- 1M
- 1.20%
- 6M
- 1.80%
- YTD
- 1.41%
- 1Y
- 4.13%
- 3Y*
- 5.91%
- 5Y*
- 2.06%
- 10Y*
- —
EMLB.L vs. SGSU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMLB.L PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD (Acc) | 2.55% | 17.08% | -3.25% | 13.74% | -5.70% | -5.53% | 1.91% | 4.13% |
SGSU.L iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) | 1.41% | 13.06% | 3.41% | 9.80% | -13.07% | -1.33% | 5.58% | 5.29% |
Correlation
The correlation between EMLB.L and SGSU.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.40 |
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Return for Risk
EMLB.L vs. SGSU.L — Risk / Return Rank
EMLB.L
SGSU.L
EMLB.L vs. SGSU.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 $ 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.
| EMLB.L | SGSU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.10 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 0.87 | +0.66 |
| Martin ratioReturn relative to average drawdown | 4.98 | 1.86 | +3.13 |
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Drawdowns
EMLB.L vs. SGSU.L - Drawdown Comparison
The maximum EMLB.L drawdown since its inception was -29.75%, which is greater than SGSU.L's maximum drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for EMLB.L and SGSU.L.
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Drawdown Indicators
| EMLB.L | SGSU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.75% | -28.07% | -1.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.48% | -4.74% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -7.50% | -8.87% | +1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -20.09% | -26.65% | +6.56% |
Max Drawdown (10Y)Largest decline over 10 years | -21.37% | — | — |
Current DrawdownCurrent decline from peak | -1.40% | -1.84% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -9.33% | -6.68% | -2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.22% | -0.54% |
Volatility
EMLB.L vs. SGSU.L - Volatility Comparison
PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD (Acc) (EMLB.L) and iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) (SGSU.L) have volatilities of 1.78% and 1.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMLB.L | SGSU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.76% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 6.18% | 5.49% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.00% | 7.27% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.48% | 9.23% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.58% | 9.90% | -0.32% |
EMLB.L vs. SGSU.L - Expense Ratio Comparison
EMLB.L has a 0.39% expense ratio, which is higher than SGSU.L's 0.14% expense ratio.
Dividends
EMLB.L vs. SGSU.L - Dividend Comparison
EMLB.L has not paid dividends to shareholders, while SGSU.L's dividend yield for the trailing twelve months is around 4.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
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% |
SGSU.L iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) | 4.47% | 4.60% | 4.62% | 3.98% | 1.67% | 0.79% | 3.43% |
Frequently Asked Questions
EMLB.L and SGSU.L have a correlation of 0.48, 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 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGSU.L is cheaper with a 0.14% expense ratio, compared with 0.39% for EMLB.L.
EMLB.L is categorized as Emerging Markets Bonds, while SGSU.L is Short-Term Bond. EMLB.L tracks PIMCO Emerging Markets Advantage Local Currency Bond Index, while SGSU.L tracks Bloomberg MSCI US Corporate 0-3 ESG SRI Index (USD). They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.39% for EMLB.L and 0.14% for SGSU.L.
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