IDAP.L vs. EMES.L
IDAP.L (iShares Asia Pacific Dividend UCITS) and EMES.L (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) are both exchange-traded funds - IDAP.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pacific NR USD, while EMES.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, IDAP.L returned 9.31%/yr vs 1.44%/yr for EMES.L. At a 0.42 correlation, their price movements are largely independent. IDAP.L charges 0.59%/yr vs 0.45%/yr for EMES.L.
Performance
IDAP.L vs. EMES.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDAP.L achieves a 9.03% return, which is significantly higher than EMES.L's 2.17% return.
IDAP.L
- 1D
- 0.47%
- 1M
- -3.81%
- YTD
- 9.03%
- 6M
- 8.03%
- 1Y
- 30.47%
- 3Y*
- 20.44%
- 5Y*
- 9.31%
- 10Y*
- 7.35%
EMES.L
- 1D
- 0.00%
- 1M
- 1.61%
- YTD
- 2.17%
- 6M
- 2.40%
- 1Y
- 10.09%
- 3Y*
- 8.67%
- 5Y*
- 1.44%
- 10Y*
- —
IDAP.L vs. EMES.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IDAP.L iShares Asia Pacific Dividend UCITS | 9.03% | 29.67% | 6.20% | 13.46% | -1.95% | 3.40% | -9.39% | 13.90% | -7.38% |
EMES.L iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 2.17% | 13.20% | 5.29% | 9.74% | -18.86% | -2.66% | 5.54% | 15.67% | -0.30% |
Correlation
The correlation between IDAP.L and EMES.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2018 | 0.42 |
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Return for Risk
IDAP.L vs. EMES.L — Risk / Return Rank
IDAP.L
EMES.L
IDAP.L vs. EMES.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Asia Pacific Dividend UCITS (IDAP.L) and iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EMES.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.
| IDAP.L | EMES.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 2.25 | +1.21 |
| Martin ratioReturn relative to average drawdown | 11.87 | 9.16 | +2.71 |
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Drawdowns
IDAP.L vs. EMES.L - Drawdown Comparison
The maximum IDAP.L drawdown since its inception was -69.97%, which is greater than EMES.L's maximum drawdown of -28.96%. Use the drawdown chart below to compare losses from any high point for IDAP.L and EMES.L.
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Drawdown Indicators
| IDAP.L | EMES.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.97% | -28.96% | -41.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.77% | -4.46% | -4.31% |
Max Drawdown (3Y)Largest decline over 3 years | -18.62% | -7.23% | -11.39% |
Max Drawdown (5Y)Largest decline over 5 years | -25.32% | -28.96% | +3.64% |
Max Drawdown (10Y)Largest decline over 10 years | -45.72% | — | — |
Current DrawdownCurrent decline from peak | -6.29% | -0.23% | -6.06% |
Average DrawdownAverage peak-to-trough decline | -12.82% | -7.78% | -5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.10% | +1.46% |
Volatility
IDAP.L vs. EMES.L - Volatility Comparison
iShares Asia Pacific Dividend UCITS (IDAP.L) has a higher volatility of 4.22% compared to iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EMES.L) at 1.50%. This indicates that IDAP.L's price experiences larger fluctuations and is considered to be riskier than EMES.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDAP.L | EMES.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 1.50% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.92% | 4.67% | +6.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.09% | 5.64% | +7.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.87% | 8.39% | +6.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 9.28% | +7.36% |
IDAP.L vs. EMES.L - Expense Ratio Comparison
IDAP.L has a 0.59% expense ratio, which is higher than EMES.L's 0.45% expense ratio.
Dividends
IDAP.L vs. EMES.L - Dividend Comparison
IDAP.L's dividend yield for the trailing twelve months is around 4.34%, less than EMES.L's 5.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMES.L iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 5.74% | 5.78% | 5.45% | 5.40% | 5.03% | 3.48% | 3.49% | 4.61% | 0.50% | 0.00% | 0.00% | 0.00% |
IDAP.L iShares Asia Pacific Dividend UCITS | 4.34% | 4.21% | 5.36% | 5.72% | 6.92% | 5.59% | 3.49% | 5.52% | 6.04% | 4.55% | 4.54% | 5.46% |
Frequently Asked Questions
IDAP.L and EMES.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMES.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMES.L is cheaper with a 0.45% expense ratio, compared with 0.59% for IDAP.L.
IDAP.L is categorized as Asia Pacific Equities, while EMES.L is Emerging Markets Bonds. IDAP.L tracks MSCI AC Asia Pacific NR USD, while EMES.L tracks JPM EMBI Global Diversified TR USD. Their fees differ too: 0.59% for IDAP.L and 0.45% for EMES.L.
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