EMLI.L vs. TAHY.L
EMLI.L (PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist) 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 - EMLI.L is a Emerging Markets Bonds fund tracking the JPM GBI-EM Global Diversified TR USD, 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, EMLI.L returned 5.54%/yr vs 8.17%/yr for TAHY.L. At a 0.19 correlation, their price movements are largely independent. EMLI.L charges 0.61%/yr vs 0.60%/yr for TAHY.L.
Performance
EMLI.L vs. TAHY.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMLI.L achieves a 2.89% return, which is significantly lower than TAHY.L's 3.88% return.
EMLI.L
- 1D
- -0.35%
- 1M
- -0.59%
- 6M
- 1.96%
- YTD
- 2.89%
- 1Y
- 8.22%
- 3Y*
- 5.54%
- 5Y*
- 4.12%
- 10Y*
- 3.13%
TAHY.L
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 2.85%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
EMLI.L vs. TAHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMLI.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist | 2.89% | 16.62% | -3.24% | 13.70% | -5.63% | -4.21% |
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 EMLI.L and TAHY.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
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 |
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Return for Risk
EMLI.L vs. TAHY.L — Risk / Return Rank
EMLI.L
TAHY.L
EMLI.L vs. TAHY.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 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.
| EMLI.L | TAHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.38 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.59 | -1.14 |
| Martin ratioReturn relative to average drawdown | 4.77 | 7.38 | -2.61 |
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Drawdowns
EMLI.L vs. TAHY.L - Drawdown Comparison
The maximum EMLI.L drawdown since its inception was -25.82%, smaller than the maximum TAHY.L drawdown of -51.61%. Use the drawdown chart below to compare losses from any high point for EMLI.L and TAHY.L.
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Drawdown Indicators
| EMLI.L | TAHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.82% | -51.61% | +25.79% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -2.57% | -3.09% |
Max Drawdown (3Y)Largest decline over 3 years | -7.82% | -9.81% | +1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -19.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | — | — |
Current DrawdownCurrent decline from peak | -1.60% | -17.10% | +15.50% |
Average DrawdownAverage peak-to-trough decline | -7.30% | -26.81% | +19.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 0.91% | +0.81% |
Volatility
EMLI.L vs. TAHY.L - Volatility Comparison
PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist (EMLI.L) has a higher volatility of 1.60% 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 EMLI.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.
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Volatility by Period
| EMLI.L | TAHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 1.07% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 2.83% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.74% | 3.64% | +3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.89% | 13.09% | -3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.48% | 13.09% | -3.61% |
EMLI.L vs. TAHY.L - Expense Ratio Comparison
EMLI.L has a 0.61% expense ratio, which is higher than TAHY.L's 0.60% expense ratio.
Dividends
EMLI.L vs. TAHY.L - Dividend Comparison
EMLI.L's dividend yield for the trailing twelve months is around 6.90%, while TAHY.L has not paid dividends to shareholders.
| 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 | 6.90% | 5.81% | 6.33% | 5.70% | 5.21% | 4.50% | 3.68% | 5.24% | 5.83% | 5.76% | 6.69% | 7.09% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core 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% |
Frequently Asked Questions
EMLI.L and TAHY.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TAHY.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TAHY.L is cheaper with a 0.60% expense ratio, compared with 0.61% for EMLI.L.
EMLI.L is categorized as Emerging Markets Bonds, while TAHY.L is High Yield Bonds. EMLI.L tracks JPM GBI-EM Global Diversified TR USD, 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: 0.61% for EMLI.L and 0.60% for TAHY.L.
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