LEMB.L vs. IEMB.L
LEMB.L (Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist) and IEMB.L (iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist)) are both Emerging Markets Bonds funds. Over the past 10 years, LEMB.L returned 2.19%/yr vs 3.32%/yr for IEMB.L. Their correlation of 0.82 suggests significant overlap in exposure. LEMB.L charges 0.30%/yr vs 0.45%/yr for IEMB.L.
Performance
LEMB.L vs. IEMB.L - Performance Comparison
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Returns By Period
In the year-to-date period, LEMB.L achieves a 1.79% return, which is significantly higher than IEMB.L's 1.62% return. Over the past 10 years, LEMB.L has underperformed IEMB.L with an annualized return of 2.19%, while IEMB.L has yielded a comparatively higher 3.32% annualized 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%
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%
LEMB.L vs. IEMB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LEMB.L Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist | 1.79% | 12.48% | 0.66% | 9.26% | -16.61% | -2.23% | 4.28% | 13.91% | -4.52% | 8.55% |
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% |
Correlation
The correlation between LEMB.L and IEMB.L is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2011 | 0.82 |
The correlation between LEMB.L and IEMB.L shifts across timeframes, from 0.82 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LEMB.L vs. IEMB.L — Risk / Return Rank
LEMB.L
IEMB.L
LEMB.L vs. IEMB.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 iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.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 | IEMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 2.58 | +0.28 |
| Martin ratioReturn relative to average drawdown | 11.44 | 10.73 | +0.71 |
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
| LEMB.L | IEMB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 1.88 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.21 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.36 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.51 | -0.20 |
Drawdowns
LEMB.L vs. IEMB.L - Drawdown Comparison
The maximum LEMB.L drawdown since its inception was -27.40%, smaller than the maximum IEMB.L drawdown of -32.08%. Use the drawdown chart below to compare losses from any high point for LEMB.L and IEMB.L.
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Drawdown Indicators
| LEMB.L | IEMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.40% | -32.08% | +4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.74% | -4.32% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -8.59% | -7.54% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -26.85% | -28.62% | +1.77% |
Max Drawdown (10Y)Largest decline over 10 years | -27.40% | -28.62% | +1.22% |
Current DrawdownCurrent decline from peak | -0.02% | -0.11% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -7.90% | -5.02% | -2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.04% | -0.10% |
Volatility
LEMB.L vs. IEMB.L - Volatility Comparison
The current volatility for Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist (LEMB.L) is 2.05%, while iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.L) has a volatility of 2.57%. This indicates that LEMB.L experiences smaller price fluctuations and is considered to be less risky than IEMB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEMB.L | IEMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 2.57% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 4.93% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.25% | 5.95% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.89% | 8.87% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.18% | 9.25% | +0.93% |
LEMB.L vs. IEMB.L - Expense Ratio Comparison
LEMB.L has a 0.30% expense ratio, which is lower than IEMB.L's 0.45% expense ratio.
Dividends
LEMB.L vs. IEMB.L - Dividend Comparison
LEMB.L's dividend yield for the trailing twelve months is around 5.20%, less than IEMB.L's 5.83% yield.
| 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% |
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
With a correlation of 0.93, LEMB.L and IEMB.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 IEMB.L.
They also come from different issuers: Amundi and iShares. Their fees differ too: 0.30% for LEMB.L and 0.45% for IEMB.L.
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