IS0X.DE vs. LEMB
IS0X.DE (iShares Global Corporate Bond UCITS ETF) and LEMB (iShares J.P. Morgan EM Local Currency Bond ETF) are both exchange-traded funds - IS0X.DE is a Global Corporate Bonds fund tracking the Bloomberg Global Aggregate Corporate, while LEMB is a Emerging Markets Bonds fund tracking the J.P. Morgan GBI-EM Global 15 cap 4.5 floor. Both are passively managed. Over the past 10 years, IS0X.DE returned 1.91%/yr vs 1.03%/yr for LEMB. At a 0.35 correlation, their price movements are largely independent. IS0X.DE charges 0.20%/yr vs 0.30%/yr for LEMB.
Performance
IS0X.DE vs. LEMB - Performance Comparison
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Different Trading Currencies
IS0X.DE is traded in EUR, while LEMB is traded in USD. To make them comparable, the LEMB values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IS0X.DE achieves a 1.22% return, which is significantly lower than LEMB's 2.31% return. Over the past 10 years, IS0X.DE has outperformed LEMB with an annualized return of 1.91%, while LEMB has yielded a comparatively lower 1.03% annualized return.
IS0X.DE
- 1D
- 0.05%
- 1M
- 0.85%
- YTD
- 1.22%
- 6M
- 0.79%
- 1Y
- 3.24%
- 3Y*
- 3.01%
- 5Y*
- 0.99%
- 10Y*
- 1.91%
LEMB
- 1D
- -0.32%
- 1M
- 1.01%
- YTD
- 2.31%
- 6M
- 2.70%
- 1Y
- 7.64%
- 3Y*
- 3.06%
- 5Y*
- 1.52%
- 10Y*
- 1.03%
IS0X.DE vs. LEMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0X.DE iShares Global Corporate Bond UCITS ETF | 1.22% | -2.16% | 7.10% | 5.53% | -11.18% | 4.80% | 0.18% | 14.28% | 0.50% | -4.36% |
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | 2.31% | 4.02% | 4.77% | 4.01% | -5.20% | -3.18% | -5.40% | 8.80% | -3.14% | -1.34% |
Correlation
The correlation between IS0X.DE and LEMB is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.35 |
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Return for Risk
IS0X.DE vs. LEMB — Risk / Return Rank
IS0X.DE
LEMB
IS0X.DE vs. LEMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corporate Bond UCITS ETF (IS0X.DE) and iShares J.P. Morgan EM Local Currency Bond ETF (LEMB). 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.
| IS0X.DE | LEMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.27 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.09 | -0.69 |
| Martin ratioReturn relative to average drawdown | 3.02 | 7.33 | -4.31 |
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
| IS0X.DE | LEMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.39 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.24 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.13 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.18 | +0.21 |
Drawdowns
IS0X.DE vs. LEMB - Drawdown Comparison
The maximum IS0X.DE drawdown since its inception was -13.65%, smaller than the maximum LEMB drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for IS0X.DE and LEMB.
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Drawdown Indicators
| IS0X.DE | LEMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.65% | -18.94% | +5.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.08% | -3.67% | +1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -8.54% | -7.52% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -13.05% | -9.21% | -3.84% |
Max Drawdown (10Y)Largest decline over 10 years | -13.65% | -18.94% | +5.29% |
Current DrawdownCurrent decline from peak | -3.15% | -2.47% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -8.09% | +3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.04% | -0.07% |
Volatility
IS0X.DE vs. LEMB - Volatility Comparison
The current volatility for iShares Global Corporate Bond UCITS ETF (IS0X.DE) is 1.13%, while iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) has a volatility of 1.28%. This indicates that IS0X.DE experiences smaller price fluctuations and is considered to be less risky than LEMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0X.DE | LEMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.28% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 4.15% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 5.52% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.46% | 6.37% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.56% | 8.20% | -1.64% |
IS0X.DE vs. LEMB - Expense Ratio Comparison
IS0X.DE has a 0.20% expense ratio, which is lower than LEMB's 0.30% expense ratio.
Dividends
IS0X.DE vs. LEMB - Dividend Comparison
IS0X.DE's dividend yield for the trailing twelve months is around 4.25%, more than LEMB's 2.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0X.DE iShares Global Corporate Bond UCITS ETF | 4.25% | 4.22% | 3.80% | 3.35% | 2.65% | 2.03% | 2.45% | 2.68% | 2.59% | 2.64% | 2.57% | 2.61% |
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | 2.43% | 2.44% | 0.00% | 1.34% | 0.86% | 3.89% | 0.00% | 4.39% | 3.46% | 0.00% | 0.00% | 0.64% |
Frequently Asked Questions
IS0X.DE and LEMB have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS0X.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS0X.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for LEMB.
IS0X.DE is categorized as Global Corporate Bonds, while LEMB is Emerging Markets Bonds. IS0X.DE tracks Bloomberg Global Aggregate Corporate, while LEMB tracks J.P. Morgan GBI-EM Global 15 cap 4.5 floor. Their fees differ too: 0.20% for IS0X.DE and 0.30% for LEMB.
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