EMLP.L vs. SEML.L
EMLP.L (PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc) and SEML.L (iShares J.P. Morgan EM Local Government Bond UCITS ETF) are both Emerging Markets Bonds funds tracking the JPM GBI-EM Global Diversified TR USD, from PIMCO and iShares respectively. Both are passively managed. Over the past 10 years, EMLP.L returned 3.99%/yr vs -2.50%/yr for SEML.L. Their correlation of 0.82 suggests significant overlap in exposure. EMLP.L charges 0.61%/yr vs 0.50%/yr for SEML.L.
Performance
EMLP.L vs. SEML.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMLP.L achieves a 1.51% return, which is significantly higher than SEML.L's -3.02% return. Over the past 10 years, EMLP.L has outperformed SEML.L with an annualized return of 3.99%, while SEML.L has yielded a comparatively lower -2.50% annualized return.
EMLP.L
- 1D
- -0.16%
- 1M
- 0.73%
- YTD
- 1.51%
- 6M
- 1.14%
- 1Y
- 9.68%
- 3Y*
- 3.69%
- 5Y*
- 4.40%
- 10Y*
- 3.99%
SEML.L
- 1D
- 0.15%
- 1M
- 1.66%
- YTD
- -3.02%
- 6M
- -2.77%
- 1Y
- 2.87%
- 3Y*
- -1.63%
- 5Y*
- -3.37%
- 10Y*
- -2.50%
EMLP.L vs. SEML.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMLP.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc | 1.51% | 9.10% | -1.68% | 7.52% | 5.55% | -4.33% | -1.55% | 9.55% | -1.46% | 2.43% |
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | -3.02% | 4.32% | -6.40% | 0.23% | -5.32% | -13.17% | -6.26% | 2.59% | -6.78% | -1.81% |
Correlation
The correlation between EMLP.L and SEML.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2013 | 0.82 |
The correlation between EMLP.L and SEML.L shifts across timeframes, from 0.69 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMLP.L vs. SEML.L — Risk / Return Rank
EMLP.L
SEML.L
EMLP.L vs. SEML.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 iShares J.P. Morgan EM Local Government Bond UCITS ETF (SEML.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.
| EMLP.L | SEML.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.09 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 0.51 | +1.74 |
| Martin ratioReturn relative to average drawdown | 6.49 | 1.16 | +5.32 |
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
| EMLP.L | SEML.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 0.42 | +1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | -0.40 | +0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | -0.25 | +0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | -0.30 | +0.62 |
Drawdowns
EMLP.L vs. SEML.L - Drawdown Comparison
The maximum EMLP.L drawdown since its inception was -20.02%, smaller than the maximum SEML.L drawdown of -66.68%. Use the drawdown chart below to compare losses from any high point for EMLP.L and SEML.L.
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Drawdown Indicators
| EMLP.L | SEML.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.02% | -66.68% | +46.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.29% | -5.65% | +1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -4.90% | -9.95% | +5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -11.25% | -20.11% | +8.86% |
Max Drawdown (10Y)Largest decline over 10 years | -19.12% | -39.61% | +20.49% |
Current DrawdownCurrent decline from peak | -2.33% | -65.00% | +62.67% |
Average DrawdownAverage peak-to-trough decline | -6.09% | -54.41% | +48.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 2.46% | -0.97% |
Volatility
EMLP.L vs. SEML.L - Volatility Comparison
The current volatility for PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc (EMLP.L) is 1.50%, while iShares J.P. Morgan EM Local Government Bond UCITS ETF (SEML.L) has a volatility of 1.79%. This indicates that EMLP.L experiences smaller price fluctuations and is considered to be less risky than SEML.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 | SEML.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.79% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.23% | 5.19% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.40% | 6.73% | -1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.09% | 8.32% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.52% | 10.11% | -0.59% |
EMLP.L vs. SEML.L - Expense Ratio Comparison
EMLP.L has a 0.61% expense ratio, which is higher than SEML.L's 0.50% expense ratio.
Dividends
EMLP.L vs. SEML.L - Dividend Comparison
EMLP.L has not paid dividends to shareholders, while SEML.L's dividend yield for the trailing twelve months is around 0.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLP.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF 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% |
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | 0.03% | 0.05% | 0.06% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.03% |
Frequently Asked Questions
EMLP.L and SEML.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEML.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEML.L is cheaper with a 0.50% expense ratio, compared with 0.61% for EMLP.L.
Both ETFs track JPM GBI-EM Global Diversified TR USD. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.61% for EMLP.L and 0.50% for SEML.L.
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