IEMB.L vs. BKLN
IEMB.L (iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist)) and BKLN (Invesco Senior Loan ETF) are both exchange-traded funds - IEMB.L is a Emerging Markets Bonds fund managed by iShares, while BKLN is a High Yield Bonds fund tracking the S&P/LSTA U.S. Leveraged Loan 100 Index. Over the past 10 years, IEMB.L returned 3.32%/yr vs 4.26%/yr for BKLN. At a 0.27 correlation, their price movements are largely independent. IEMB.L charges 0.45%/yr vs 0.65%/yr for BKLN.
Performance
IEMB.L vs. BKLN - Performance Comparison
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Returns By Period
In the year-to-date period, IEMB.L achieves a 1.62% return, which is significantly higher than BKLN's 0.16% return. Over the past 10 years, IEMB.L has underperformed BKLN with an annualized return of 3.32%, while BKLN has yielded a comparatively higher 4.26% annualized return.
IEMB.L
- 1D
- 0.41%
- 1M
- 1.01%
- YTD
- 1.62%
- 6M
- 2.22%
- 1Y
- 11.20%
- 3Y*
- 9.72%
- 5Y*
- 1.91%
- 10Y*
- 3.32%
BKLN
- 1D
- -0.05%
- 1M
- -0.14%
- YTD
- 0.16%
- 6M
- 0.89%
- 1Y
- 4.75%
- 3Y*
- 7.72%
- 5Y*
- 5.14%
- 10Y*
- 4.26%
IEMB.L vs. BKLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 1.62% | 13.71% | 5.70% | 10.54% | -18.35% | -2.28% | 5.57% | 16.06% | -5.53% | 9.73% |
BKLN Invesco Senior Loan ETF | 0.16% | 6.88% | 8.21% | 12.53% | -2.51% | 2.32% | 1.32% | 10.03% | -1.32% | 2.13% |
Correlation
The correlation between IEMB.L and BKLN is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2011 | 0.27 |
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Return for Risk
IEMB.L vs. BKLN — Risk / Return Rank
IEMB.L
BKLN
IEMB.L vs. BKLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.L) and Invesco Senior Loan ETF (BKLN). 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.
| IEMB.L | BKLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 1.55 | +1.03 |
| Martin ratioReturn relative to average drawdown | 10.73 | 6.11 | +4.62 |
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
| IEMB.L | BKLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.73 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 1.15 | -0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.66 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.64 | -0.14 |
Drawdowns
IEMB.L vs. BKLN - Drawdown Comparison
The maximum IEMB.L drawdown since its inception was -32.08%, which is greater than BKLN's maximum drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for IEMB.L and BKLN.
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Drawdown Indicators
| IEMB.L | BKLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.08% | -24.17% | -7.91% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -3.07% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -3.55% | -3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -28.62% | -7.31% | -21.31% |
Max Drawdown (10Y)Largest decline over 10 years | -28.62% | -24.17% | -4.45% |
Current DrawdownCurrent decline from peak | -0.11% | -0.29% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -1.09% | -3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.78% | +0.26% |
Volatility
IEMB.L vs. BKLN - Volatility Comparison
iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.L) has a higher volatility of 2.57% compared to Invesco Senior Loan ETF (BKLN) at 0.42%. This indicates that IEMB.L's price experiences larger fluctuations and is considered to be riskier than BKLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEMB.L | BKLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 0.42% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 2.52% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 2.75% | +3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.87% | 4.47% | +4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 6.43% | +2.82% |
IEMB.L vs. BKLN - Expense Ratio Comparison
IEMB.L has a 0.45% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Dividends
IEMB.L vs. BKLN - Dividend Comparison
IEMB.L's dividend yield for the trailing twelve months is around 5.83%, less than BKLN's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 6.62% | 6.95% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% |
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 5.83% | 5.85% | 5.80% | 5.65% | 5.55% | 3.95% | 3.86% | 4.73% | 4.82% | 4.79% | 5.57% | 4.78% |
Frequently Asked Questions
IEMB.L and BKLN have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEMB.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEMB.L is cheaper with a 0.45% expense ratio, compared with 0.65% for BKLN.
IEMB.L is categorized as Emerging Markets Bonds, while BKLN is High Yield Bonds. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.45% for IEMB.L and 0.65% for BKLN.
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