IEMB.L vs. MVOL.L
IEMB.L (iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist)) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both exchange-traded funds - IEMB.L is a Emerging Markets Bonds fund managed by iShares, while MVOL.L is a Global Equities fund tracking the MSCI ACWI NR USD. Over the past 10 years, IEMB.L returned 3.32%/yr vs 7.05%/yr for MVOL.L. At a 0.47 correlation, their price movements are largely independent. IEMB.L charges 0.45%/yr vs 0.35%/yr for MVOL.L.
Performance
IEMB.L vs. MVOL.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IEMB.L achieves a 1.62% return, which is significantly higher than MVOL.L's 0.67% return. Over the past 10 years, IEMB.L has underperformed MVOL.L with an annualized return of 3.32%, while MVOL.L has yielded a comparatively higher 7.05% 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%
MVOL.L
- 1D
- 0.04%
- 1M
- 0.76%
- YTD
- 0.67%
- 6M
- 1.44%
- 1Y
- 1.44%
- 3Y*
- 9.30%
- 5Y*
- 5.18%
- 10Y*
- 7.05%
IEMB.L vs. MVOL.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% |
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 0.67% | 11.02% | 11.08% | 7.28% | -9.62% | 14.65% | 2.56% | 22.56% | -2.40% | 17.41% |
Correlation
The correlation between IEMB.L and MVOL.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2012 | 0.47 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IEMB.L vs. MVOL.L — Risk / Return Rank
IEMB.L
MVOL.L
IEMB.L vs. MVOL.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 World Minimum Volatility UCITS (MVOL.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 | MVOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.04 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 0.25 | +2.33 |
| Martin ratioReturn relative to average drawdown | 10.73 | 0.61 | +10.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IEMB.L | MVOL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 0.19 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.49 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.60 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.73 | -0.22 |
Drawdowns
IEMB.L vs. MVOL.L - Drawdown Comparison
The maximum IEMB.L drawdown since its inception was -32.08%, which is greater than MVOL.L's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for IEMB.L and MVOL.L.
Loading charts...
Drawdown Indicators
| IEMB.L | MVOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.08% | -28.82% | -3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -5.78% | +1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -8.14% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -28.62% | -18.52% | -10.10% |
Max Drawdown (10Y)Largest decline over 10 years | -28.62% | -28.82% | +0.20% |
Current DrawdownCurrent decline from peak | -0.11% | -3.86% | +3.75% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -3.34% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.36% | -1.32% |
Volatility
IEMB.L vs. MVOL.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 Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 2.01%. This indicates that IEMB.L's price experiences larger fluctuations and is considered to be riskier than MVOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IEMB.L | MVOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 2.01% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 5.58% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 7.74% | -1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.87% | 10.64% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 11.65% | -2.40% |
IEMB.L vs. MVOL.L - Expense Ratio Comparison
IEMB.L has a 0.45% expense ratio, which is higher than MVOL.L's 0.35% expense ratio.
Dividends
IEMB.L vs. MVOL.L - Dividend Comparison
IEMB.L's dividend yield for the trailing twelve months is around 5.83%, while MVOL.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% |
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 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 MVOL.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVOL.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVOL.L is cheaper with a 0.35% expense ratio, compared with 0.45% for IEMB.L.
IEMB.L is categorized as Emerging Markets Bonds, while MVOL.L is Global Equities. Their fees differ too: 0.45% for IEMB.L and 0.35% for MVOL.L.
Find the right allocation for IEMB.L and MVOL.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer