IEMB.L vs. IWDA.L
IEMB.L (iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IEMB.L is a Emerging Markets Bonds fund managed by iShares, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Over the past 10 years, IEMB.L returned 3.32%/yr vs 13.07%/yr for IWDA.L. At a 0.46 correlation, their price movements are largely independent. IEMB.L charges 0.45%/yr vs 0.20%/yr for IWDA.L.
Performance
IEMB.L vs. IWDA.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 IWDA.L's 9.83% return. Over the past 10 years, IEMB.L has underperformed IWDA.L with an annualized return of 3.32%, while IWDA.L has yielded a comparatively higher 13.07% 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%
IWDA.L
- 1D
- 0.10%
- 1M
- 4.07%
- YTD
- 9.83%
- 6M
- 10.98%
- 1Y
- 25.98%
- 3Y*
- 20.77%
- 5Y*
- 11.86%
- 10Y*
- 13.07%
IEMB.L vs. IWDA.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% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.83% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 22.77% |
Correlation
The correlation between IEMB.L and IWDA.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2010 | 0.46 |
The correlation between IEMB.L and IWDA.L shifts across timeframes, from 0.46 (all time) to 0.65 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IEMB.L vs. IWDA.L — Risk / Return Rank
IEMB.L
IWDA.L
IEMB.L vs. IWDA.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 MSCI World UCITS ETF USD (Acc) (IWDA.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 | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 3.11 | -0.53 |
| Martin ratioReturn relative to average drawdown | 10.73 | 13.16 | -2.43 |
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 | IWDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.17 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.76 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.82 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.79 | -0.29 |
Drawdowns
IEMB.L vs. IWDA.L - Drawdown Comparison
The maximum IEMB.L drawdown since its inception was -32.08%, smaller than the maximum IWDA.L drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for IEMB.L and IWDA.L.
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Drawdown Indicators
| IEMB.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.08% | -34.11% | +2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -8.31% | +3.99% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -16.94% | +9.40% |
Max Drawdown (5Y)Largest decline over 5 years | -28.62% | -25.88% | -2.74% |
Max Drawdown (10Y)Largest decline over 10 years | -28.62% | -34.11% | +5.49% |
Current DrawdownCurrent decline from peak | -0.11% | -0.43% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -4.44% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.97% | -0.93% |
Volatility
IEMB.L vs. IWDA.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 Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 3.40%. This indicates that IEMB.L experiences smaller price fluctuations and is considered to be less risky than IWDA.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 | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 3.40% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 9.19% | -4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 11.93% | -5.98% |
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% | 15.91% | -6.66% |
IEMB.L vs. IWDA.L - Expense Ratio Comparison
IEMB.L has a 0.45% expense ratio, which is higher than IWDA.L's 0.20% expense ratio.
Dividends
IEMB.L vs. IWDA.L - Dividend Comparison
IEMB.L's dividend yield for the trailing twelve months is around 5.83%, while IWDA.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% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 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 IWDA.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.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 IWDA.L is Global Equities. Their fees differ too: 0.45% for IEMB.L and 0.20% for IWDA.L.
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