EMLP.L vs. MIST.L
EMLP.L (PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc) and MIST.L (PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation) are both exchange-traded funds - EMLP.L is a Emerging Markets Bonds fund tracking the JPM GBI-EM Global Diversified TR USD, while MIST.L is a Global Equities fund tracking the PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation. Both are passively managed. Over the past 5 years, EMLP.L returned 4.71%/yr vs 3.14%/yr for MIST.L. At a 0.04 correlation, their price movements are largely independent.
Performance
EMLP.L vs. MIST.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMLP.L achieves a 3.11% return, which is significantly higher than MIST.L's 2.23% return.
EMLP.L
- 1D
- -0.14%
- 1M
- 0.06%
- 6M
- 2.44%
- YTD
- 3.11%
- 1Y
- 8.39%
- 3Y*
- 4.98%
- 5Y*
- 4.71%
- 10Y*
- 2.96%
MIST.L
- 1D
- 0.00%
- 1M
- 0.32%
- 6M
- 2.06%
- YTD
- 2.23%
- 1Y
- 4.37%
- 3Y*
- 5.04%
- 5Y*
- 3.14%
- 10Y*
- —
EMLP.L vs. MIST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMLP.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc | 3.11% | 9.09% | -1.67% | 7.52% | 5.55% | -4.33% | -1.55% | -2.23% |
MIST.L PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation | 2.23% | 4.61% | 5.53% | 5.01% | -1.12% | -0.36% | 0.63% | 0.28% |
Correlation
The correlation between EMLP.L and MIST.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019 | 0.04 |
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Return for Risk
EMLP.L vs. MIST.L — Risk / Return Rank
EMLP.L
MIST.L
EMLP.L vs. MIST.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 Acc (EMLP.L) and PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.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.
| EMLP.L | MIST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.02 | ||
| Sortino ratioReturn per unit of downside risk | -33.06 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 7.17 | -5.89 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 101.64 | -99.66 |
| Martin ratioReturn relative to average drawdown | 5.51 | 493.90 | -488.39 |
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Drawdowns
EMLP.L vs. MIST.L - Drawdown Comparison
The maximum EMLP.L drawdown since its inception was -53.09%, which is greater than MIST.L's maximum drawdown of -3.70%. Use the drawdown chart below to compare losses from any high point for EMLP.L and MIST.L.
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Drawdown Indicators
| EMLP.L | MIST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.09% | -3.70% | -49.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.29% | -0.04% | -4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -4.90% | -0.20% | -4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -11.24% | -2.45% | -8.79% |
Max Drawdown (10Y)Largest decline over 10 years | -19.11% | — | — |
Current DrawdownCurrent decline from peak | -13.82% | 0.00% | -13.82% |
Average DrawdownAverage peak-to-trough decline | -27.91% | -0.38% | -27.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 0.01% | +1.54% |
Volatility
EMLP.L vs. MIST.L - Volatility Comparison
PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc (EMLP.L) has a higher volatility of 1.25% compared to PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) at 0.10%. This indicates that EMLP.L's price experiences larger fluctuations and is considered to be riskier than MIST.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMLP.L | MIST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 0.10% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 0.28% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.44% | 0.38% | +5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.07% | 0.58% | +7.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.18% | 0.98% | +8.20% |
Dividends
EMLP.L vs. MIST.L - Dividend Comparison
Neither EMLP.L nor MIST.L has paid dividends to shareholders.
Frequently Asked Questions
EMLP.L and MIST.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMLP.L is categorized as Emerging Markets Bonds, while MIST.L is Global Equities. EMLP.L tracks JPM GBI-EM Global Diversified TR USD, while MIST.L tracks PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation.
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