IEMB.L vs. IGHY.L
IEMB.L (iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist)) and IGHY.L (iShares Global High Yield Corporate Bond UCITS ETF) are both exchange-traded funds - IEMB.L is a Emerging Markets Bonds fund managed by iShares, while IGHY.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD. Over the past 10 years, IEMB.L returned 3.32%/yr vs -0.36%/yr for IGHY.L. At a 0.43 correlation, their price movements are largely independent. IEMB.L charges 0.45%/yr vs 0.50%/yr for IGHY.L.
Performance
IEMB.L vs. IGHY.L - Performance Comparison
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Different Trading Currencies
IEMB.L is traded in USD, while IGHY.L is traded in GBP. To make them comparable, the IGHY.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 higher than IGHY.L's -2.37% return. Over the past 10 years, IEMB.L has outperformed IGHY.L with an annualized return of 3.32%, while IGHY.L has yielded a comparatively lower -0.36% 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%
IGHY.L
- 1D
- 0.21%
- 1M
- 0.25%
- YTD
- -2.37%
- 6M
- -1.21%
- 1Y
- 0.33%
- 3Y*
- 3.09%
- 5Y*
- -1.92%
- 10Y*
- -0.36%
IEMB.L vs. IGHY.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% |
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | -2.37% | 8.84% | -3.02% | 7.36% | -15.18% | -4.09% | 2.65% | 7.22% | -8.39% | 4.28% |
Correlation
The correlation between IEMB.L and IGHY.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2012 | 0.43 |
The correlation between IEMB.L and IGHY.L shifts across timeframes, from 0.43 (all time) to 0.57 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IEMB.L vs. IGHY.L — Risk / Return Rank
IEMB.L
IGHY.L
IEMB.L vs. IGHY.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 Global High Yield Corporate Bond UCITS ETF (IGHY.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 | IGHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.01 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 0.04 | +2.54 |
| Martin ratioReturn relative to average drawdown | 10.73 | 0.12 | +10.62 |
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 | IGHY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 0.05 | +1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | -0.21 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | -0.04 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | -0.28 | +0.79 |
Drawdowns
IEMB.L vs. IGHY.L - Drawdown Comparison
The maximum IEMB.L drawdown since its inception was -32.08%, smaller than the maximum IGHY.L drawdown of -51.88%. Use the drawdown chart below to compare losses from any high point for IEMB.L and IGHY.L.
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Drawdown Indicators
| IEMB.L | IGHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.08% | -51.88% | +19.80% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -7.69% | +3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -7.69% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -28.62% | -27.34% | -1.28% |
Max Drawdown (10Y)Largest decline over 10 years | -28.62% | -28.40% | -0.22% |
Current DrawdownCurrent decline from peak | -0.11% | -40.25% | +40.14% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -37.91% | +32.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.85% | -1.81% |
Volatility
IEMB.L vs. IGHY.L - Volatility Comparison
iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.L) has a higher volatility of 2.57% compared to iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) at 1.55%. This indicates that IEMB.L's price experiences larger fluctuations and is considered to be riskier than IGHY.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 | IGHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 1.55% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 4.93% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 6.49% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.87% | 8.97% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 9.35% | -0.10% |
IEMB.L vs. IGHY.L - Expense Ratio Comparison
IEMB.L has a 0.45% expense ratio, which is lower than IGHY.L's 0.50% expense ratio.
Dividends
IEMB.L vs. IGHY.L - Dividend Comparison
IEMB.L's dividend yield for the trailing twelve months is around 5.83%, more than IGHY.L's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | 0.06% | 0.05% | 0.05% | 0.05% | 0.04% | 0.04% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Frequently Asked Questions
IEMB.L and IGHY.L have a correlation of 0.45, 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 0.50% for IGHY.L.
IEMB.L is categorized as Emerging Markets Bonds, while IGHY.L is High Yield Bonds. Their fees differ too: 0.45% for IEMB.L and 0.50% for IGHY.L.
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