LEMB.L vs. JPEA.L
LEMB.L (Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist) and JPEA.L (iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)) are both Emerging Markets Bonds funds - LEMB.L tracks the JPM EMBI Global Diversified TR USD while JPEA.L tracks the J.P. Morgan EMBI Global Core Index. Both are passively managed. Over the past 5 years, LEMB.L returned 1.16%/yr vs 1.96%/yr for JPEA.L. Their correlation of 0.89 suggests significant overlap in exposure. LEMB.L charges 0.30%/yr vs 0.45%/yr for JPEA.L.
Performance
LEMB.L vs. JPEA.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with LEMB.L having a 1.79% return and JPEA.L slightly higher at 1.83%.
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%
JPEA.L
- 1D
- 0.26%
- 1M
- 1.07%
- YTD
- 1.83%
- 6M
- 2.37%
- 1Y
- 11.43%
- 3Y*
- 9.82%
- 5Y*
- 1.96%
- 10Y*
- —
LEMB.L vs. JPEA.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% | 2.59% |
JPEA.L iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) | 1.83% | 13.77% | 5.72% | 10.89% | -18.56% | -2.19% | 5.37% | 15.91% | -5.52% | 5.06% |
Correlation
The correlation between LEMB.L and JPEA.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | 0.89 |
The correlation between LEMB.L and JPEA.L has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
LEMB.L vs. JPEA.L — Risk / Return Rank
LEMB.L
JPEA.L
LEMB.L vs. JPEA.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 $ EM Bond UCITS ETF USD (Acc) (JPEA.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 | JPEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.39 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 2.57 | +0.29 |
| Martin ratioReturn relative to average drawdown | 11.44 | 11.00 | +0.44 |
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 | JPEA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.03 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.22 | -0.09 |
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 | 0.29 | +0.01 |
Drawdowns
LEMB.L vs. JPEA.L - Drawdown Comparison
The maximum LEMB.L drawdown since its inception was -27.40%, roughly equal to the maximum JPEA.L drawdown of -28.64%. Use the drawdown chart below to compare losses from any high point for LEMB.L and JPEA.L.
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Drawdown Indicators
| LEMB.L | JPEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.40% | -28.64% | +1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -3.74% | -4.42% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -8.59% | -7.35% | -1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -26.85% | -28.64% | +1.79% |
Max Drawdown (10Y)Largest decline over 10 years | -27.40% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.06% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -7.90% | -6.80% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.04% | -0.10% |
Volatility
LEMB.L vs. JPEA.L - Volatility Comparison
Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist (LEMB.L) has a higher volatility of 2.05% compared to iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.L) at 1.91%. This indicates that LEMB.L's price experiences larger fluctuations and is considered to be riskier than JPEA.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 | JPEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 1.91% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 4.55% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.25% | 5.63% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.89% | 8.88% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.18% | 10.21% | -0.03% |
LEMB.L vs. JPEA.L - Expense Ratio Comparison
LEMB.L has a 0.30% expense ratio, which is lower than JPEA.L's 0.45% expense ratio.
Dividends
LEMB.L vs. JPEA.L - Dividend Comparison
LEMB.L's dividend yield for the trailing twelve months is around 5.20%, while JPEA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPEA.L iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
With a correlation of 0.92, LEMB.L and JPEA.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 JPEA.L.
LEMB.L tracks JPM EMBI Global Diversified TR USD, while JPEA.L tracks J.P. Morgan EMBI Global Core Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.30% for LEMB.L and 0.45% for JPEA.L.
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