EMLI.L vs. SEMB.L
EMLI.L (PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist) and SEMB.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds - EMLI.L tracks the JPM GBI-EM Global Diversified TR USD while SEMB.L tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 10 years, EMLI.L returned 3.23%/yr vs 4.88%/yr for SEMB.L. At a 0.40 correlation, their price movements are largely independent. EMLI.L charges 0.61%/yr vs 0.45%/yr for SEMB.L.
Performance
EMLI.L vs. SEMB.L - Performance Comparison
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Different Trading Currencies
EMLI.L is traded in USD, while SEMB.L is traded in GBp. To make them comparable, the SEMB.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 lower than SEMB.L's 2.49% return. Over the past 10 years, EMLI.L has underperformed SEMB.L with an annualized return of 3.23%, while SEMB.L has yielded a comparatively higher 4.88% annualized 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%
SEMB.L
- 1D
- 0.42%
- 1M
- 1.29%
- YTD
- 2.49%
- 6M
- 3.49%
- 1Y
- 13.65%
- 3Y*
- 11.63%
- 5Y*
- 3.55%
- 10Y*
- 4.88%
EMLI.L vs. SEMB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 13.04% | -6.89% | 12.58% |
SEMB.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 2.49% | 16.21% | 7.37% | 11.62% | -17.42% | -0.50% | 6.28% | 18.39% | -4.17% | 11.17% |
Correlation
The correlation between EMLI.L and SEMB.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014 | 0.40 |
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Return for Risk
EMLI.L vs. SEMB.L — Risk / Return Rank
EMLI.L
SEMB.L
EMLI.L vs. SEMB.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 iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.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 | SEMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.40 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 3.04 | -1.57 |
| Martin ratioReturn relative to average drawdown | 5.23 | 13.13 | -7.90 |
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 | SEMB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 2.23 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.38 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.48 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.67 | -0.44 |
Drawdowns
EMLI.L vs. SEMB.L - Drawdown Comparison
The maximum EMLI.L drawdown since its inception was -25.62%, smaller than the maximum SEMB.L drawdown of -31.45%. Use the drawdown chart below to compare losses from any high point for EMLI.L and SEMB.L.
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Drawdown Indicators
| EMLI.L | SEMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.62% | -31.45% | +5.83% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -4.48% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -7.82% | -7.17% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -19.52% | -27.45% | +7.93% |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | -28.20% | +7.12% |
Current DrawdownCurrent decline from peak | -2.80% | -0.05% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -4.25% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.04% | +0.55% |
Volatility
EMLI.L vs. SEMB.L - Volatility Comparison
The current volatility for PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist (EMLI.L) is 2.02%, while iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.L) has a volatility of 2.20%. This indicates that EMLI.L experiences smaller price fluctuations and is considered to be less risky than SEMB.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 | SEMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 2.20% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 5.40% | 4.84% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.49% | 6.11% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.89% | 9.42% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.59% | 10.07% | -0.48% |
EMLI.L vs. SEMB.L - Expense Ratio Comparison
EMLI.L has a 0.61% expense ratio, which is higher than SEMB.L's 0.45% expense ratio.
Dividends
EMLI.L vs. SEMB.L - Dividend Comparison
EMLI.L's dividend yield for the trailing twelve months is around 6.55%, less than SEMB.L's 7.83% 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% |
SEMB.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 7.83% | 7.87% | 7.27% | 7.21% | 6.70% | 5.35% | 5.28% | 6.25% | 6.15% | 6.48% | 6.88% | 7.10% |
Frequently Asked Questions
EMLI.L and SEMB.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEMB.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEMB.L is cheaper with a 0.45% expense ratio, compared with 0.61% for EMLI.L.
EMLI.L tracks JPM GBI-EM Global Diversified TR USD, while SEMB.L tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.61% for EMLI.L and 0.45% for SEMB.L.
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