IEMB.L vs. IUQA.L
IEMB.L (iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist)) and IUQA.L (iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating) are both exchange-traded funds - IEMB.L is a Emerging Markets Bonds fund managed by iShares, while IUQA.L is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index. Over the past 5 years, IEMB.L returned 1.91%/yr vs 11.91%/yr for IUQA.L. At a 0.48 correlation, their price movements are largely independent. IEMB.L charges 0.45%/yr vs 0.20%/yr for IUQA.L.
Performance
IEMB.L vs. IUQA.L - 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 lower than IUQA.L's 8.81% 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%
IUQA.L
- 1D
- 0.80%
- 1M
- 4.79%
- YTD
- 8.81%
- 6M
- 9.63%
- 1Y
- 21.84%
- 3Y*
- 19.71%
- 5Y*
- 11.91%
- 10Y*
- —
IEMB.L vs. IUQA.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% |
IUQA.L iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating | 8.81% | 12.50% | 22.46% | 30.92% | -20.74% | 27.56% | 16.09% | 33.32% | -6.99% | 22.18% |
Correlation
The correlation between IEMB.L and IUQA.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2016 | 0.48 |
The correlation between IEMB.L and IUQA.L shifts across timeframes, from 0.47 (3 years) to 0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IEMB.L vs. IUQA.L — Risk / Return Rank
IEMB.L
IUQA.L
IEMB.L vs. IUQA.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 Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.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 | IUQA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.72 | -0.14 |
| Martin ratioReturn relative to average drawdown | 10.73 | 11.68 | -0.95 |
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 | IUQA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.93 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.73 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.86 | -0.36 |
Drawdowns
IEMB.L vs. IUQA.L - Drawdown Comparison
The maximum IEMB.L drawdown since its inception was -32.08%, smaller than the maximum IUQA.L drawdown of -33.96%. Use the drawdown chart below to compare losses from any high point for IEMB.L and IUQA.L.
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Drawdown Indicators
| IEMB.L | IUQA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.08% | -33.96% | +1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -7.99% | +3.67% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -18.04% | +10.50% |
Max Drawdown (5Y)Largest decline over 5 years | -28.62% | -27.77% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -28.62% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | 0.00% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -4.87% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.86% | -0.82% |
Volatility
IEMB.L vs. IUQA.L - Volatility Comparison
The current volatility for iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.L) is 2.57%, while iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) has a volatility of 2.78%. This indicates that IEMB.L experiences smaller price fluctuations and is considered to be less risky than IUQA.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 | IUQA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 2.78% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 8.27% | -3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 11.27% | -5.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.87% | 16.29% | -7.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 16.71% | -7.46% |
IEMB.L vs. IUQA.L - Expense Ratio Comparison
IEMB.L has a 0.45% expense ratio, which is higher than IUQA.L's 0.20% expense ratio.
Dividends
IEMB.L vs. IUQA.L - Dividend Comparison
IEMB.L's dividend yield for the trailing twelve months is around 5.83%, while IUQA.L has not paid dividends to shareholders.
| 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% |
IUQA.L iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IEMB.L and IUQA.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUQA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUQA.L is cheaper with a 0.20% expense ratio, compared with 0.45% for IEMB.L.
IEMB.L is categorized as Emerging Markets Bonds, while IUQA.L is Large Cap Blend Equities. Their fees differ too: 0.45% for IEMB.L and 0.20% for IUQA.L.
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