EMLI.L vs. JMBP.L
EMLI.L (PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist) and JMBP.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist)) are both Emerging Markets Bonds funds - EMLI.L tracks the JPM GBI-EM Global Diversified TR USD while JMBP.L tracks the JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged). Both are passively managed. Over the past 5 years, EMLI.L returned 3.30%/yr vs -0.29%/yr for JMBP.L. A 0.60 correlation means they provide meaningful diversification when combined. EMLI.L charges 0.61%/yr vs 0.39%/yr for JMBP.L.
Performance
EMLI.L vs. JMBP.L - Performance Comparison
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Different Trading Currencies
EMLI.L is traded in USD, while JMBP.L is traded in GBP. To make them comparable, the JMBP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMLI.L achieves a 1.64% return, which is significantly higher than JMBP.L's 1.37% return.
EMLI.L
- 1D
- -0.27%
- 1M
- -0.41%
- YTD
- 1.64%
- 6M
- 1.64%
- 1Y
- 8.36%
- 3Y*
- 6.38%
- 5Y*
- 3.30%
- 10Y*
- 3.23%
JMBP.L
- 1D
- 0.29%
- 1M
- 0.14%
- YTD
- 1.37%
- 6M
- 2.74%
- 1Y
- 9.76%
- 3Y*
- 10.31%
- 5Y*
- -0.29%
- 10Y*
- —
EMLI.L vs. JMBP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMLI.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist | 1.64% | 16.62% | -3.24% | 13.68% | -5.61% | -5.52% | 1.92% | 1.69% |
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) | 1.37% | 21.65% | -0.09% | 14.09% | -26.38% | -3.74% | 6.84% | 3.15% |
Correlation
The correlation between EMLI.L and JMBP.L is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2019 | 0.60 |
The correlation between EMLI.L and JMBP.L has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.
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Return for Risk
EMLI.L vs. JMBP.L — Risk / Return Rank
EMLI.L
JMBP.L
EMLI.L vs. JMBP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist (EMLI.L) and JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.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.
| EMLI.L | JMBP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.18 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.26 | +0.21 |
| Martin ratioReturn relative to average drawdown | 5.23 | 4.12 | +1.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMLI.L | JMBP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 0.99 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | -0.02 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.09 | +0.14 |
Drawdowns
EMLI.L vs. JMBP.L - Drawdown Comparison
The maximum EMLI.L drawdown since its inception was -25.62%, smaller than the maximum JMBP.L drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for EMLI.L and JMBP.L.
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Drawdown Indicators
| EMLI.L | JMBP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.62% | -42.43% | +16.81% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -7.69% | +2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -7.82% | -13.74% | +5.92% |
Max Drawdown (5Y)Largest decline over 5 years | -19.52% | -42.43% | +22.91% |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | — | — |
Current DrawdownCurrent decline from peak | -2.80% | -2.10% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -14.97% | +7.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.37% | -0.78% |
Volatility
EMLI.L vs. JMBP.L - Volatility Comparison
The current volatility for PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist (EMLI.L) is 2.02%, while JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) has a volatility of 3.16%. This indicates that EMLI.L experiences smaller price fluctuations and is considered to be less risky than JMBP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMLI.L | JMBP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 3.16% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 5.40% | 7.50% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.49% | 9.85% | -3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.89% | 14.21% | -4.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.59% | 16.24% | -6.65% |
EMLI.L vs. JMBP.L - Expense Ratio Comparison
EMLI.L has a 0.61% expense ratio, which is higher than JMBP.L's 0.39% expense ratio.
Dividends
EMLI.L vs. JMBP.L - Dividend Comparison
EMLI.L's dividend yield for the trailing twelve months is around 6.55%, more than JMBP.L's 5.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLI.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist | 6.55% | 5.81% | 6.33% | 5.70% | 5.21% | 4.50% | 3.68% | 5.24% | 5.83% | 5.76% | 6.69% | 7.09% |
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) | 5.75% | 5.61% | 5.83% | 5.24% | 5.16% | 3.70% | 4.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMLI.L and JMBP.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMBP.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMBP.L is cheaper with a 0.39% expense ratio, compared with 0.61% for EMLI.L.
EMLI.L tracks JPM GBI-EM Global Diversified TR USD, while JMBP.L tracks JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged). They also come from different issuers: PIMCO and JPMorgan. Their fees differ too: 0.61% for EMLI.L and 0.39% for JMBP.L.
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