FEML.L vs. IB01.L
FEML.L (Fidelity Emerging Markets Ltd) is a stock, while IB01.L (iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)) is Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Over the past 5 years, FEML.L returned 11.50%/yr vs 4.04%/yr for IB01.L. At a correlation of -0.05, they often move in opposite directions.
Performance
FEML.L vs. IB01.L - Performance Comparison
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Different Trading Currencies
FEML.L is traded in GBp, while IB01.L is traded in USD. To make them comparable, the IB01.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FEML.L achieves a 34.52% return, which is significantly higher than IB01.L's 2.70% return.
FEML.L
- 1D
- -3.11%
- 1M
- 0.99%
- 6M
- 29.19%
- YTD
- 34.52%
- 1Y
- 80.04%
- 3Y*
- 37.71%
- 5Y*
- 11.50%
- 10Y*
- 11.28%
IB01.L
- 1D
- 0.32%
- 1M
- 0.63%
- 6M
- 2.56%
- YTD
- 2.70%
- 1Y
- 4.94%
- 3Y*
- 3.95%
- 5Y*
- 4.04%
- 10Y*
- —
FEML.L vs. IB01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FEML.L Fidelity Emerging Markets Ltd | 34.52% | 56.56% | 15.43% | 4.39% | -25.29% | -6.66% | 13.69% | 14.85% |
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 2.70% | -3.10% | 7.09% | -0.32% | 13.10% | 0.08% | -2.08% | 0.44% |
Correlation
The correlation between FEML.L and IB01.L is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | -0.05 |
The correlation between FEML.L and IB01.L shifts across timeframes, from -0.23 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FEML.L vs. IB01.L — Risk / Return Rank
FEML.L
IB01.L
FEML.L vs. IB01.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Ltd (FEML.L) and iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.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.
| FEML.L | IB01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.06 | ||
| Sortino ratioReturn per unit of downside risk | +3.33 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.13 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 5.31 | 0.95 | +4.36 |
| Martin ratioReturn relative to average drawdown | 20.03 | 2.61 | +17.42 |
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Drawdowns
FEML.L vs. IB01.L - Drawdown Comparison
The maximum FEML.L drawdown since its inception was -60.17%, which is greater than IB01.L's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for FEML.L and IB01.L.
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Drawdown Indicators
| FEML.L | IB01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.17% | -19.26% | -40.91% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -5.16% | -9.82% |
Max Drawdown (3Y)Largest decline over 3 years | -14.98% | -9.81% | -5.17% |
Max Drawdown (5Y)Largest decline over 5 years | -38.41% | -15.94% | -22.47% |
Max Drawdown (10Y)Largest decline over 10 years | -40.75% | — | — |
Current DrawdownCurrent decline from peak | -8.19% | -5.28% | -2.91% |
Average DrawdownAverage peak-to-trough decline | -21.33% | -9.40% | -11.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 1.89% | +2.09% |
Volatility
FEML.L vs. IB01.L - Volatility Comparison
Fidelity Emerging Markets Ltd (FEML.L) has a higher volatility of 9.10% compared to iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) at 1.68%. This indicates that FEML.L's price experiences larger fluctuations and is considered to be riskier than IB01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEML.L | IB01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.10% | 1.68% | +7.42% |
Volatility (6M)Calculated over the trailing 6-month period | 18.50% | 4.95% | +13.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.93% | 6.52% | +14.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.45% | 8.44% | +10.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.47% | 8.77% | +9.70% |
Dividends
FEML.L vs. IB01.L - Dividend Comparison
FEML.L's dividend yield for the trailing twelve months is around 1.38%, while IB01.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FEML.L Fidelity Emerging Markets Ltd | 1.38% | 1.86% | 2.26% | 1.99% | 1.90% | 1.22% | 1.10% | 1.45% | 1.81% | 1.12% |
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FEML.L and IB01.L have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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