IEMB.L vs. CSP1.L
IEMB.L (iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist)) and CSP1.L (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - IEMB.L is a Emerging Markets Bonds fund managed by iShares, while CSP1.L is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, IEMB.L returned 3.32%/yr vs 15.23%/yr for CSP1.L. At a 0.38 correlation, their price movements are largely independent. IEMB.L charges 0.45%/yr vs 0.07%/yr for CSP1.L.
Performance
IEMB.L vs. CSP1.L - Performance Comparison
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Different Trading Currencies
IEMB.L is traded in USD, while CSP1.L is traded in GBp. To make them comparable, the CSP1.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEMB.L achieves a 1.62% return, which is significantly lower than CSP1.L's 10.28% return. Over the past 10 years, IEMB.L has underperformed CSP1.L with an annualized return of 3.32%, while CSP1.L has yielded a comparatively higher 15.23% 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%
CSP1.L
- 1D
- 0.10%
- 1M
- 4.65%
- YTD
- 10.28%
- 6M
- 11.29%
- 1Y
- 27.90%
- 3Y*
- 22.09%
- 5Y*
- 13.73%
- 10Y*
- 15.23%
IEMB.L vs. CSP1.L - 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% |
CSP1.L iShares Core S&P 500 UCITS ETF | 10.28% | 17.63% | 25.22% | 26.11% | -18.77% | 29.88% | 17.14% | 31.49% | -5.65% | 21.38% |
Correlation
The correlation between IEMB.L and CSP1.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2010 | 0.38 |
The correlation between IEMB.L and CSP1.L shifts across timeframes, from 0.38 (all time) to 0.54 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IEMB.L vs. CSP1.L — Risk / Return Rank
IEMB.L
CSP1.L
IEMB.L vs. CSP1.L - 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 iShares Core S&P 500 UCITS ETF (CSP1.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.
| IEMB.L | CSP1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.44 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 3.20 | -0.62 |
| Martin ratioReturn relative to average drawdown | 10.73 | 13.82 | -3.08 |
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 | CSP1.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.48 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.88 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.94 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 1.00 | -0.49 |
Drawdowns
IEMB.L vs. CSP1.L - Drawdown Comparison
The maximum IEMB.L drawdown since its inception was -32.08%, roughly equal to the maximum CSP1.L drawdown of -33.51%. Use the drawdown chart below to compare losses from any high point for IEMB.L and CSP1.L.
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Drawdown Indicators
| IEMB.L | CSP1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.08% | -33.51% | +1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -8.68% | +4.36% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -18.69% | +11.15% |
Max Drawdown (5Y)Largest decline over 5 years | -28.62% | -25.16% | -3.46% |
Max Drawdown (10Y)Largest decline over 10 years | -28.62% | -33.51% | +4.89% |
Current DrawdownCurrent decline from peak | -0.11% | -0.55% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -3.87% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.01% | -0.97% |
Volatility
IEMB.L vs. CSP1.L - Volatility Comparison
iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.L) and iShares Core S&P 500 UCITS ETF (CSP1.L) have volatilities of 2.57% and 2.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEMB.L | CSP1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 2.58% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 7.99% | -3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 11.21% | -5.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.87% | 15.68% | -6.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 16.12% | -6.87% |
IEMB.L vs. CSP1.L - Expense Ratio Comparison
IEMB.L has a 0.45% expense ratio, which is higher than CSP1.L's 0.07% expense ratio.
Dividends
IEMB.L vs. CSP1.L - Dividend Comparison
IEMB.L's dividend yield for the trailing twelve months is around 5.83%, while CSP1.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSP1.L iShares Core S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 CSP1.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSP1.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSP1.L is cheaper with a 0.07% expense ratio, compared with 0.45% for IEMB.L.
IEMB.L is categorized as Emerging Markets Bonds, while CSP1.L is S&P 500. Their fees differ too: 0.45% for IEMB.L and 0.07% for CSP1.L.
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