IEMB.L vs. EMHD.L
IEMB.L (iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist)) and EMHD.L (Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist) are both exchange-traded funds - IEMB.L is a Emerging Markets Bonds fund managed by iShares, while EMHD.L is a Emerging Markets Equities fund tracking the FTSE Emerging High Dividend Low Volatility Net Tax Index. Over the past 10 years, IEMB.L returned 2.92%/yr vs 6.52%/yr for EMHD.L. At a 0.45 correlation, their price movements are largely independent. IEMB.L charges 0.45%/yr vs 0.49%/yr for EMHD.L.
Performance
IEMB.L vs. EMHD.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEMB.L achieves a 1.65% return, which is significantly lower than EMHD.L's 9.69% return. Over the past 10 years, IEMB.L has underperformed EMHD.L with an annualized return of 2.92%, while EMHD.L has yielded a comparatively higher 6.52% annualized return.
IEMB.L
- 1D
- -0.03%
- 1M
- -0.61%
- 6M
- 1.98%
- YTD
- 1.65%
- 1Y
- 10.02%
- 3Y*
- 8.70%
- 5Y*
- 1.75%
- 10Y*
- 2.92%
EMHD.L
- 1D
- 1.35%
- 1M
- 1.00%
- 6M
- 7.11%
- YTD
- 9.69%
- 1Y
- 22.52%
- 3Y*
- 14.58%
- 5Y*
- 6.61%
- 10Y*
- 6.52%
IEMB.L vs. EMHD.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) | 1.65% | 13.71% | 5.70% | 10.54% | -18.35% | -2.28% | 5.57% | 16.06% | -5.53% | 9.73% |
EMHD.L Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist | 9.69% | 26.92% | 2.28% | 10.90% | -17.26% | 13.67% | -6.85% | 15.06% | -6.42% | 25.33% |
Correlation
The correlation between IEMB.L and EMHD.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 27, 2016 | 0.45 |
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Return for Risk
IEMB.L vs. EMHD.L — Risk / Return Rank
IEMB.L
EMHD.L
IEMB.L vs. EMHD.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 Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist (EMHD.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.
| IEMB.L | EMHD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.65 | -0.35 |
| Martin ratioReturn relative to average drawdown | 9.59 | 7.32 | +2.27 |
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Drawdowns
IEMB.L vs. EMHD.L - Drawdown Comparison
The maximum IEMB.L drawdown since its inception was -31.65%, smaller than the maximum EMHD.L drawdown of -38.32%. Use the drawdown chart below to compare losses from any high point for IEMB.L and EMHD.L.
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Drawdown Indicators
| IEMB.L | EMHD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.65% | -38.32% | +6.67% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -8.45% | +4.13% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -13.96% | +6.42% |
Max Drawdown (5Y)Largest decline over 5 years | -28.62% | -30.44% | +1.82% |
Max Drawdown (10Y)Largest decline over 10 years | -28.62% | -38.32% | +9.70% |
Current DrawdownCurrent decline from peak | -0.73% | -3.52% | +2.79% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -9.73% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 3.07% | -2.03% |
Volatility
IEMB.L vs. EMHD.L - Volatility Comparison
The current volatility for iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.L) is 1.10%, while Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist (EMHD.L) has a volatility of 3.78%. This indicates that IEMB.L experiences smaller price fluctuations and is considered to be less risky than EMHD.L 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 | EMHD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 3.78% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 5.03% | 9.70% | -4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 12.66% | -6.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.89% | 15.09% | -6.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.24% | 16.60% | -7.36% |
IEMB.L vs. EMHD.L - Expense Ratio Comparison
IEMB.L has a 0.45% expense ratio, which is lower than EMHD.L's 0.49% expense ratio.
Dividends
IEMB.L vs. EMHD.L - Dividend Comparison
IEMB.L's dividend yield for the trailing twelve months is around 5.77%, more than EMHD.L's 4.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMHD.L Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist | 4.79% | 5.17% | 5.77% | 5.99% | 9.02% | 6.08% | 4.02% | 5.04% | 5.51% | 4.92% | 2.37% | 0.00% |
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 5.77% | 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 EMHD.L have a correlation of 0.44, 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 0.49% for EMHD.L.
IEMB.L is categorized as Emerging Markets Bonds, while EMHD.L is Emerging Markets Equities. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.45% for IEMB.L and 0.49% for EMHD.L.
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