ISP6.L vs. SEML.L
ISP6.L (iShares S&P SmallCap 600 UCITS ETF) and SEML.L (iShares J.P. Morgan EM Local Government Bond UCITS ETF) are both exchange-traded funds - ISP6.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while SEML.L is a Emerging Markets Bonds fund tracking the JPM GBI-EM Global Diversified TR USD. Both are passively managed. Over the past 10 years, ISP6.L returned 11.36%/yr vs 2.51%/yr for SEML.L. At a 0.36 correlation, their price movements are largely independent. ISP6.L charges 0.40%/yr vs 0.50%/yr for SEML.L.
Performance
ISP6.L vs. SEML.L - Performance Comparison
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Different Trading Currencies
ISP6.L is traded in GBp, while SEML.L is traded in GBP. To make them comparable, the SEML.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ISP6.L achieves a 22.95% return, which is significantly higher than SEML.L's 2.60% return. Over the past 10 years, ISP6.L has outperformed SEML.L with an annualized return of 11.36%, while SEML.L has yielded a comparatively lower 2.51% annualized return.
ISP6.L
- 1D
- 0.46%
- 1M
- 7.62%
- YTD
- 22.95%
- 6M
- 22.42%
- 1Y
- 40.59%
- 3Y*
- 14.90%
- 5Y*
- 7.30%
- 10Y*
- 11.36%
SEML.L
- 1D
- 0.11%
- 1M
- 2.20%
- YTD
- 2.60%
- 6M
- 3.09%
- 1Y
- 10.92%
- 3Y*
- 5.07%
- 5Y*
- 2.44%
- 10Y*
- 2.51%
ISP6.L vs. SEML.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISP6.L iShares S&P SmallCap 600 UCITS ETF | 22.95% | -0.91% | 8.76% | 10.98% | -6.72% | 27.86% | 6.87% | 17.51% | -4.56% | 3.05% |
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | 2.60% | 10.31% | -1.19% | 5.42% | -0.23% | -9.48% | -1.55% | 8.21% | 0.03% | 4.91% |
Correlation
The correlation between ISP6.L and SEML.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2011 | 0.36 |
The correlation between ISP6.L and SEML.L shifts across timeframes, from 0.25 (5 years) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ISP6.L vs. SEML.L — Risk / Return Rank
ISP6.L
SEML.L
ISP6.L vs. SEML.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 UCITS ETF (ISP6.L) and iShares J.P. Morgan EM Local Government Bond UCITS ETF (SEML.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISP6.L | SEML.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.35 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 6.26 | 2.28 | +3.98 |
| Martin ratioReturn relative to average drawdown | 19.49 | 6.51 | +12.98 |
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Drawdowns
ISP6.L vs. SEML.L - Drawdown Comparison
The maximum ISP6.L drawdown since its inception was -66.35%, which is greater than SEML.L's maximum drawdown of -46.67%. Use the drawdown chart below to compare losses from any high point for ISP6.L and SEML.L.
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Drawdown Indicators
| ISP6.L | SEML.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.35% | -46.67% | -19.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -4.78% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -30.26% | -4.78% | -25.48% |
Max Drawdown (5Y)Largest decline over 5 years | -30.26% | -11.11% | -19.15% |
Max Drawdown (10Y)Largest decline over 10 years | -39.08% | -21.24% | -17.84% |
Current DrawdownCurrent decline from peak | 0.00% | -11.17% | +11.17% |
Average DrawdownAverage peak-to-trough decline | -15.53% | -26.76% | +11.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.67% | +0.41% |
Volatility
ISP6.L vs. SEML.L - Volatility Comparison
iShares S&P SmallCap 600 UCITS ETF (ISP6.L) has a higher volatility of 3.76% compared to iShares J.P. Morgan EM Local Government Bond UCITS ETF (SEML.L) at 1.56%. This indicates that ISP6.L's price experiences larger fluctuations and is considered to be riskier than SEML.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISP6.L | SEML.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 1.56% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 4.50% | +6.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.46% | 5.73% | +9.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 7.46% | +11.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.40% | 9.35% | +11.05% |
ISP6.L vs. SEML.L - Expense Ratio Comparison
ISP6.L has a 0.40% expense ratio, which is lower than SEML.L's 0.50% expense ratio.
Dividends
ISP6.L vs. SEML.L - Dividend Comparison
ISP6.L's dividend yield for the trailing twelve months is around 0.96%, less than SEML.L's 6.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISP6.L iShares S&P SmallCap 600 UCITS ETF | 0.96% | 1.22% | 1.15% | 1.08% | 1.00% | 0.65% | 0.94% | 0.97% | 0.96% | 0.78% | 0.77% | 0.53% |
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | 6.74% | 5.44% | 5.56% | 5.05% | 5.25% | 4.58% | 5.13% | 5.44% | 7.30% | 6.75% | 6.78% | 5.18% |
Frequently Asked Questions
ISP6.L and SEML.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISP6.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISP6.L is cheaper with a 0.40% expense ratio, compared with 0.50% for SEML.L.
ISP6.L is categorized as Small Cap Blend Equities, while SEML.L is Emerging Markets Bonds. ISP6.L tracks Russell 2000 TR USD, while SEML.L tracks JPM GBI-EM Global Diversified TR USD. Their fees differ too: 0.40% for ISP6.L and 0.50% for SEML.L.
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