IHYU.L vs. SEMC.L
IHYU.L (iShares USD High Yield Corporate Bond UCITS ETF) and SEMC.L (UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis) are both exchange-traded funds - IHYU.L is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Capped Index, while SEMC.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, IHYU.L returned 3.96%/yr vs 2.95%/yr for SEMC.L. At a 0.23 correlation, their price movements are largely independent. IHYU.L charges 0.50%/yr vs 0.42%/yr for SEMC.L.
Performance
IHYU.L vs. SEMC.L - Performance Comparison
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Different Trading Currencies
IHYU.L is traded in USD, while SEMC.L is traded in GBp. To make them comparable, the SEMC.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IHYU.L achieves a 0.95% return, which is significantly lower than SEMC.L's 2.05% return.
IHYU.L
- 1D
- 0.01%
- 1M
- 0.04%
- YTD
- 0.95%
- 6M
- 1.79%
- 1Y
- 6.97%
- 3Y*
- 8.28%
- 5Y*
- 3.96%
- 10Y*
- 5.03%
SEMC.L
- 1D
- 0.08%
- 1M
- 0.45%
- YTD
- 2.05%
- 6M
- 2.92%
- 1Y
- 8.25%
- 3Y*
- 8.38%
- 5Y*
- 2.95%
- 10Y*
- —
IHYU.L vs. SEMC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHYU.L iShares USD High Yield Corporate Bond UCITS ETF | 0.95% | 9.51% | 6.92% | 10.99% | -9.03% | 3.92% | 4.74% | 12.99% | -1.50% | 0.94% |
SEMC.L UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis | 2.06% | 10.24% | 7.28% | 7.45% | -10.17% | 0.62% | 2.59% | 8.65% | -0.87% | 0.42% |
Correlation
The correlation between IHYU.L and SEMC.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2017 | 0.23 |
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Return for Risk
IHYU.L vs. SEMC.L — Risk / Return Rank
IHYU.L
SEMC.L
IHYU.L vs. SEMC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD High Yield Corporate Bond UCITS ETF (IHYU.L) and UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis (SEMC.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.
| IHYU.L | SEMC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.32 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 3.63 | -1.14 |
| Martin ratioReturn relative to average drawdown | 12.01 | 17.37 | -5.36 |
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
| IHYU.L | SEMC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 1.80 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.48 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.49 | +0.23 |
Drawdowns
IHYU.L vs. SEMC.L - Drawdown Comparison
The maximum IHYU.L drawdown since its inception was -21.83%, which is greater than SEMC.L's maximum drawdown of -16.63%. Use the drawdown chart below to compare losses from any high point for IHYU.L and SEMC.L.
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Drawdown Indicators
| IHYU.L | SEMC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -16.63% | -5.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -2.26% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -4.02% | -2.61% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -13.74% | -16.63% | +2.89% |
Max Drawdown (10Y)Largest decline over 10 years | -21.83% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.15% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -3.27% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.47% | +0.11% |
Volatility
IHYU.L vs. SEMC.L - Volatility Comparison
The current volatility for iShares USD High Yield Corporate Bond UCITS ETF (IHYU.L) is 1.26%, while UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis (SEMC.L) has a volatility of 1.45%. This indicates that IHYU.L experiences smaller price fluctuations and is considered to be less risky than SEMC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHYU.L | SEMC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.45% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 3.69% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 4.56% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.65% | 6.09% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.77% | 6.42% | +1.35% |
IHYU.L vs. SEMC.L - Expense Ratio Comparison
IHYU.L has a 0.50% expense ratio, which is higher than SEMC.L's 0.42% expense ratio.
Dividends
IHYU.L vs. SEMC.L - Dividend Comparison
IHYU.L's dividend yield for the trailing twelve months is around 6.24%, more than SEMC.L's 5.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHYU.L iShares USD High Yield Corporate Bond UCITS ETF | 6.24% | 6.14% | 6.39% | 5.62% | 4.81% | 4.35% | 4.79% | 5.42% | 5.68% | 5.54% | 5.61% | 6.06% |
SEMC.L UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis | 5.78% | 6.51% | 5.02% | 5.04% | 3.98% | 3.97% | 4.77% | 5.18% | 1.98% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IHYU.L and SEMC.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEMC.L is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEMC.L is cheaper with a 0.42% expense ratio, compared with 0.50% for IHYU.L.
IHYU.L is categorized as High Yield Bonds, while SEMC.L is Emerging Markets Bonds. IHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index, while SEMC.L tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: iShares and UBS. Their fees differ too: 0.50% for IHYU.L and 0.42% for SEMC.L.
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