EMLB.L vs. TAHY.L
EMLB.L (PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD (Acc)) and TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc)) are both exchange-traded funds - EMLB.L is a Emerging Markets Bonds fund tracking the PIMCO Emerging Markets Advantage Local Currency Bond Index, while TAHY.L is a High Yield Bonds fund tracking the iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. Both are passively managed. Over the past 3 years, EMLB.L returned 5.61%/yr vs 8.17%/yr for TAHY.L. At a 0.19 correlation, their price movements are largely independent. EMLB.L charges 0.39%/yr vs 0.60%/yr for TAHY.L.
Performance
EMLB.L vs. TAHY.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMLB.L achieves a 2.55% return, which is significantly lower than TAHY.L's 3.88% 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%
TAHY.L
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 2.85%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
EMLB.L vs. TAHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMLB.L PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD (Acc) | 2.55% | 17.08% | -3.25% | 13.74% | -5.70% | -3.97% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 3.88% | 7.26% | 17.54% | -10.74% | -18.39% | -13.10% |
Correlation
The correlation between EMLB.L and TAHY.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.19 |
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. TAHY.L — Risk / Return Rank
EMLB.L
TAHY.L
EMLB.L vs. TAHY.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 Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.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 | TAHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.38 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.59 | -1.06 |
| Martin ratioReturn relative to average drawdown | 4.98 | 7.38 | -2.40 |
Loading charts...
Drawdowns
EMLB.L vs. TAHY.L - Drawdown Comparison
The maximum EMLB.L drawdown since its inception was -29.75%, smaller than the maximum TAHY.L drawdown of -51.61%. Use the drawdown chart below to compare losses from any high point for EMLB.L and TAHY.L.
Loading charts...
Drawdown Indicators
| EMLB.L | TAHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.75% | -51.61% | +21.86% |
Max Drawdown (1Y)Largest decline over 1 year | -5.48% | -2.57% | -2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -7.50% | -9.81% | +2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -20.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.37% | — | — |
Current DrawdownCurrent decline from peak | -1.40% | -17.10% | +15.70% |
Average DrawdownAverage peak-to-trough decline | -9.33% | -26.81% | +17.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 0.91% | +0.77% |
Volatility
EMLB.L vs. TAHY.L - Volatility Comparison
PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD (Acc) (EMLB.L) has a higher volatility of 1.78% compared to Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) at 1.07%. This indicates that EMLB.L's price experiences larger fluctuations and is considered to be riskier than TAHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMLB.L | TAHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.07% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 6.18% | 2.83% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.00% | 3.64% | +3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.48% | 13.09% | -3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.58% | 13.09% | -3.51% |
EMLB.L vs. TAHY.L - Expense Ratio Comparison
EMLB.L has a 0.39% expense ratio, which is lower than TAHY.L's 0.60% expense ratio.
Dividends
EMLB.L vs. TAHY.L - Dividend Comparison
Neither EMLB.L nor TAHY.L has paid dividends to shareholders.
Frequently Asked Questions
EMLB.L and TAHY.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMLB.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMLB.L is cheaper with a 0.39% expense ratio, compared with 0.60% for TAHY.L.
EMLB.L is categorized as Emerging Markets Bonds, while TAHY.L is High Yield Bonds. EMLB.L tracks PIMCO Emerging Markets Advantage Local Currency Bond Index, while TAHY.L tracks iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. They also come from different issuers: PIMCO and Janus Henderson. Their fees differ too: 0.39% for EMLB.L and 0.60% for TAHY.L.
Find the right allocation for EMLB.L and TAHY.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