LEMB.L vs. FSEM.L
LEMB.L (Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist) and FSEM.L (Fidelity Sustainable USD EM Bond UCITS ETF Inc) are both Emerging Markets Bonds funds. LEMB.L is passively managed, while FSEM.L is actively managed. Over the past 5 years, LEMB.L returned 1.16%/yr vs 1.53%/yr for FSEM.L. A 0.77 correlation means they provide meaningful diversification when combined. LEMB.L charges 0.30%/yr vs 0.45%/yr for FSEM.L.
Performance
LEMB.L vs. FSEM.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LEMB.L achieves a 1.79% return, which is significantly lower than FSEM.L's 2.90% return.
LEMB.L
- 1D
- 0.25%
- 1M
- 0.96%
- YTD
- 1.79%
- 6M
- 2.28%
- 1Y
- 10.73%
- 3Y*
- 7.40%
- 5Y*
- 1.16%
- 10Y*
- 2.19%
FSEM.L
- 1D
- 0.09%
- 1M
- 0.89%
- YTD
- 2.90%
- 6M
- 3.45%
- 1Y
- 12.53%
- 3Y*
- 8.81%
- 5Y*
- 1.53%
- 10Y*
- —
LEMB.L vs. FSEM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LEMB.L Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist | 1.79% | 12.48% | 0.66% | 9.26% | -16.61% | 4.58% |
FSEM.L Fidelity Sustainable USD EM Bond UCITS ETF Inc | 2.90% | 13.32% | 3.51% | 8.82% | -17.90% | 2.49% |
Correlation
The correlation between LEMB.L and FSEM.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.77 |
The correlation between LEMB.L and FSEM.L has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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
LEMB.L vs. FSEM.L — Risk / Return Rank
LEMB.L
FSEM.L
LEMB.L vs. FSEM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist (LEMB.L) and Fidelity Sustainable USD EM Bond UCITS ETF Inc (FSEM.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.
| LEMB.L | FSEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.46 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 3.11 | -0.25 |
| Martin ratioReturn relative to average drawdown | 11.44 | 11.25 | +0.19 |
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
| LEMB.L | FSEM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 1.96 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.18 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.23 | +0.08 |
Drawdowns
LEMB.L vs. FSEM.L - Drawdown Comparison
The maximum LEMB.L drawdown since its inception was -27.40%, roughly equal to the maximum FSEM.L drawdown of -28.00%. Use the drawdown chart below to compare losses from any high point for LEMB.L and FSEM.L.
Loading charts...
Drawdown Indicators
| LEMB.L | FSEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.40% | -28.00% | +0.60% |
Max Drawdown (1Y)Largest decline over 1 year | -3.74% | -4.02% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -8.59% | -7.09% | -1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -26.85% | -28.00% | +1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -27.40% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -1.00% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -7.90% | -10.21% | +2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.11% | -0.17% |
Volatility
LEMB.L vs. FSEM.L - Volatility Comparison
The current volatility for Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist (LEMB.L) is 2.05%, while Fidelity Sustainable USD EM Bond UCITS ETF Inc (FSEM.L) has a volatility of 2.72%. This indicates that LEMB.L experiences smaller price fluctuations and is considered to be less risky than FSEM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LEMB.L | FSEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 2.72% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 5.22% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.25% | 6.39% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.89% | 8.58% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.18% | 8.47% | +1.71% |
LEMB.L vs. FSEM.L - Expense Ratio Comparison
LEMB.L has a 0.30% expense ratio, which is lower than FSEM.L's 0.45% expense ratio.
Dividends
LEMB.L vs. FSEM.L - Dividend Comparison
LEMB.L's dividend yield for the trailing twelve months is around 5.20%, less than FSEM.L's 7.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSEM.L Fidelity Sustainable USD EM Bond UCITS ETF Inc | 7.90% | 6.31% | 6.49% | 5.74% | 5.01% | 2.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LEMB.L Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist | 5.20% | 5.29% | 3.59% | 5.90% | 5.73% | 4.49% | 4.12% | 5.12% | 5.18% | 5.14% | 5.41% | 6.69% |
Frequently Asked Questions
LEMB.L and FSEM.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LEMB.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LEMB.L is cheaper with a 0.30% expense ratio, compared with 0.45% for FSEM.L.
They also come from different issuers: Amundi and Fidelity. Their fees differ too: 0.30% for LEMB.L and 0.45% for FSEM.L.
Find the right allocation for LEMB.L and FSEM.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