EMLO.L vs. UB01.L
EMLO.L (UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis) and UB01.L (UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis) are both exchange-traded funds - EMLO.L is a Emerging Markets Bonds fund tracking the JPM GBI-EM Global Diversified TR USD, while UB01.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, EMLO.L returned 3.09%/yr vs 11.63%/yr for UB01.L. At a 0.09 correlation, their price movements are largely independent. EMLO.L charges 0.47%/yr vs 0.15%/yr for UB01.L.
Performance
EMLO.L vs. UB01.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMLO.L achieves a 1.29% return, which is significantly lower than UB01.L's 6.40% return.
EMLO.L
- 1D
- -0.30%
- 1M
- 1.58%
- YTD
- 1.29%
- 6M
- 1.63%
- 1Y
- 12.01%
- 3Y*
- 6.05%
- 5Y*
- 3.09%
- 10Y*
- —
UB01.L
- 1D
- 0.60%
- 1M
- 4.75%
- YTD
- 6.40%
- 6M
- 7.48%
- 1Y
- 18.69%
- 3Y*
- 16.47%
- 5Y*
- 11.63%
- 10Y*
- 11.99%
EMLO.L vs. UB01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EMLO.L UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis | 1.29% | 12.30% | 0.01% | 8.48% | -4.28% | -6.61% | -1.56% | 9.65% | 8.46% |
UB01.L UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis | 6.40% | 28.34% | 6.43% | 19.85% | -4.38% | 14.47% | 4.04% | 16.99% | -4.39% |
Correlation
The correlation between EMLO.L and UB01.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2018 | 0.09 |
The correlation between EMLO.L and UB01.L shifts across timeframes, from 0.09 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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
EMLO.L vs. UB01.L — Risk / Return Rank
EMLO.L
UB01.L
EMLO.L vs. UB01.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (EMLO.L) and UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis (UB01.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.
| EMLO.L | UB01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.27 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.05 | +0.46 |
| Martin ratioReturn relative to average drawdown | 7.38 | 6.42 | +0.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EMLO.L | UB01.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 1.44 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 1.12 | -0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 1.61 | -1.21 |
Drawdowns
EMLO.L vs. UB01.L - Drawdown Comparison
The maximum EMLO.L drawdown since its inception was -20.42%, smaller than the maximum UB01.L drawdown of -29.27%. Use the drawdown chart below to compare losses from any high point for EMLO.L and UB01.L.
Loading charts...
Drawdown Indicators
| EMLO.L | UB01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.42% | -29.27% | +8.85% |
Max Drawdown (1Y)Largest decline over 1 year | -4.77% | -11.38% | +6.61% |
Max Drawdown (3Y)Largest decline over 3 years | -4.77% | -13.55% | +8.78% |
Max Drawdown (5Y)Largest decline over 5 years | -11.88% | -21.12% | +9.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.27% | — |
Current DrawdownCurrent decline from peak | -2.20% | -0.60% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -4.20% | -4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 3.92% | -2.30% |
Volatility
EMLO.L vs. UB01.L - Volatility Comparison
The current volatility for UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (EMLO.L) is 1.98%, while UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis (UB01.L) has a volatility of 4.80%. This indicates that EMLO.L experiences smaller price fluctuations and is considered to be less risky than UB01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMLO.L | UB01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 4.80% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 4.87% | 12.76% | -7.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 16.17% | -10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.65% | 26.79% | -19.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.55% | 31.14% | -22.59% |
EMLO.L vs. UB01.L - Expense Ratio Comparison
EMLO.L has a 0.47% expense ratio, which is higher than UB01.L's 0.15% expense ratio.
Dividends
EMLO.L vs. UB01.L - Dividend Comparison
EMLO.L's dividend yield for the trailing twelve months is around 5.51%, more than UB01.L's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLO.L UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis | 5.51% | 5.66% | 5.13% | 4.54% | 4.40% | 4.95% | 4.94% | 5.12% | 0.00% | 0.00% | 0.00% | 0.00% |
UB01.L UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis | 2.56% | 2.43% | 3.13% | 2.86% | 2.78% | 1.94% | 1.93% | 3.04% | 2.77% | 2.89% | 3.55% | 3.50% |
Frequently Asked Questions
EMLO.L and UB01.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UB01.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UB01.L is cheaper with a 0.15% expense ratio, compared with 0.47% for EMLO.L.
EMLO.L is categorized as Emerging Markets Bonds, while UB01.L is Europe Equities. EMLO.L tracks JPM GBI-EM Global Diversified TR USD, while UB01.L tracks MSCI EMU NR EUR. Their fees differ too: 0.47% for EMLO.L and 0.15% for UB01.L.
Find the right allocation for EMLO.L and UB01.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