IDV vs. EMBE.L

Last updated Jun 9, 2026

IDV (iShares International Select Dividend ETF) and EMBE.L (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) are both exchange-traded funds - IDV is a Global Equities fund tracking the Dow Jones EPAC Select Dividend, while EMBE.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified Hedge TR EUR. Both are passively managed. Over the past 10 years, IDV returned 10.33%/yr vs 1.17%/yr for EMBE.L. At a 0.47 correlation, their price movements are largely independent. IDV charges 0.49%/yr vs 0.50%/yr for EMBE.L.

Performance

IDV vs. EMBE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International Select Dividend ETF (IDV) and iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (EMBE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IDV is traded in USD, while EMBE.L is traded in EUR. To make them comparable, the EMBE.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IDV achieves a 10.84% return, which is significantly higher than EMBE.L's -1.42% return. Over the past 10 years, IDV has outperformed EMBE.L with an annualized return of 10.33%, while EMBE.L has yielded a comparatively lower 1.17% annualized return.

IDV

• 1D: 0.23%
• 1M: -2.36%
• YTD: 10.84%
• 6M: 14.01%
• 1Y: 33.84%
• 3Y*: 24.24%
• 5Y*: 11.70%
• 10Y*: 10.33%

EMBE.L

• 1D: 0.07%
• 1M: -2.61%
• YTD: -1.42%
• 6M: 0.22%
• 1Y: 9.86%
• 3Y*: 9.74%
• 5Y*: -1.66%
• 10Y*: 1.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IDV vs. EMBE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDV iShares International Select Dividend ETF	10.84%	52.16%	4.00%	10.32%	-6.40%	12.00%	-5.94%	23.56%	-10.37%	19.74%
EMBE.L iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)	-1.42%	25.90%	-2.43%	11.06%	-25.61%	-9.86%	12.50%	10.09%	-12.68%	23.42%

Correlation

The correlation between IDV and EMBE.L is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jul 9, 2013	0.47

The correlation between IDV and EMBE.L shifts across timeframes, from 0.47 (all time) to 0.57 (3 years), reflecting how their relationship changes across market environments.

IDV vs. EMBE.L - Sectors Allocation Comparison

Sectors	IDV	EMBE.L
Financial Services	30.1%	-0.3%
Energy	15.6%	-
Utilities	11.8%	-
Communication Services	10.0%	-
Consumer Cyclical	9.6%	-
Consumer Defensive	7.2%	-
Industrials	6.7%	-
Basic Materials	5.8%	-
Real Estate	2.4%	-
Technology	0.9%	-
Healthcare	-	-

Return for Risk

IDV vs. EMBE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDV

IDV Risk / Return Rank: 84
IDV Sharpe Ratio Rank: 88
IDV Sortino Ratio Rank: 84
IDV Omega Ratio Rank: 86
IDV Calmar Ratio Rank: 83
IDV Martin Ratio Rank: 82

EMBE.L

EMBE.L Risk / Return Rank: 47
EMBE.L Sharpe Ratio Rank: 46
EMBE.L Sortino Ratio Rank: 53
EMBE.L Omega Ratio Rank: 48
EMBE.L Calmar Ratio Rank: 41
EMBE.L Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IDV vs. EMBE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Select Dividend ETF (IDV) and iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (EMBE.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.

	IDV	EMBE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.63	1.00	+1.63
Sortino ratio: Return per unit of downside risk	3.42	1.52	+1.90
Omega ratio: Gain probability vs. loss probability	1.47	1.18	+0.29
Calmar ratio: Return relative to maximum drawdown	3.99	1.23	+2.76
Martin ratio: Return relative to average drawdown	15.00	4.00	+11.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDV vs. EMBE.L - Sharpe Ratio Comparison

The current IDV Sharpe Ratio is 2.63, which is higher than the EMBE.L Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of IDV and EMBE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IDV	EMBE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	1.00	+1.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	-0.12	+0.88
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.09	+0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.09	+0.12

Drawdowns

IDV vs. EMBE.L - Drawdown Comparison

The maximum IDV drawdown since its inception was -70.14%, which is greater than EMBE.L's maximum drawdown of -44.54%. Use the drawdown chart below to compare losses from any high point for IDV and EMBE.L.

Drawdown Indicators

	IDV	EMBE.L	Difference
Max Drawdown Largest peak-to-trough decline	-70.14%	-44.54%	-25.60%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	-8.00%	-0.52%
Max Drawdown (3Y) Largest decline over 3 years	-11.86%	-13.39%	+1.53%
Max Drawdown (5Y) Largest decline over 5 years	-29.19%	-43.05%	+13.86%
Max Drawdown (10Y) Largest decline over 10 years	-42.50%	-44.54%	+2.04%
Current Drawdown Current decline from peak	-4.08%	-10.21%	+6.13%
Average Drawdown Average peak-to-trough decline	-15.39%	-15.00%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	2.46%	-0.20%

Volatility

IDV vs. EMBE.L - Volatility Comparison

iShares International Select Dividend ETF (IDV) has a higher volatility of 3.91% compared to iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (EMBE.L) at 3.04%. This indicates that IDV's price experiences larger fluctuations and is considered to be riskier than EMBE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDV	EMBE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	3.04%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	10.71%	7.40%	+3.31%
Volatility (1Y) Calculated over the trailing 1-year period	12.96%	9.82%	+3.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.56%	13.68%	+1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.94%	13.37%	+4.57%

IDV vs. EMBE.L - Expense Ratio Comparison

IDV has a 0.49% expense ratio, which is lower than EMBE.L's 0.50% expense ratio.

Dividends

IDV vs. EMBE.L - Dividend Comparison

IDV's dividend yield for the trailing twelve months is around 4.51%, less than EMBE.L's 5.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMBE.L iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)	5.66%	5.44%	5.64%	5.50%	5.39%	3.92%	3.85%	4.77%	5.75%	3.88%	5.36%	4.72%
IDV iShares International Select Dividend ETF	4.51%	4.94%	6.46%	6.51%	7.33%	5.78%	5.47%	5.15%	5.93%	4.52%	4.69%	5.08%

Frequently Asked Questions

Can I hold both IDV and EMBE.L in my portfolio?

IDV and EMBE.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDV or EMBE.L?

On fees, IDV is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IDV or EMBE.L?

IDV is cheaper with a 0.49% expense ratio, compared with 0.50% for EMBE.L.

What is the main difference between IDV and EMBE.L?

IDV is categorized as Global Equities, while EMBE.L is Emerging Markets Bonds. IDV tracks Dow Jones EPAC Select Dividend, while EMBE.L tracks JPM EMBI Global Diversified Hedge TR EUR. Their fees differ too: 0.49% for IDV and 0.50% for EMBE.L.