LEMB.L vs. SEMB.L
LEMB.L (Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist) and SEMB.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds tracking the JPM EMBI Global Diversified TR USD, from Amundi and iShares respectively. Both are passively managed. Over the past 10 years, LEMB.L returned 2.19%/yr vs 4.88%/yr for SEMB.L. A 0.63 correlation means they provide meaningful diversification when combined. LEMB.L charges 0.30%/yr vs 0.45%/yr for SEMB.L.
Performance
LEMB.L vs. SEMB.L - Performance Comparison
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Different Trading Currencies
LEMB.L is traded in USD, while SEMB.L is traded in GBp. To make them comparable, the SEMB.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LEMB.L achieves a 1.79% return, which is significantly lower than SEMB.L's 2.49% return. Over the past 10 years, LEMB.L has underperformed SEMB.L with an annualized return of 2.19%, while SEMB.L has yielded a comparatively higher 4.88% 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%
SEMB.L
- 1D
- 0.42%
- 1M
- 1.29%
- YTD
- 2.49%
- 6M
- 3.49%
- 1Y
- 13.65%
- 3Y*
- 11.63%
- 5Y*
- 3.55%
- 10Y*
- 4.88%
LEMB.L vs. SEMB.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% |
SEMB.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 2.49% | 16.21% | 7.37% | 11.62% | -17.42% | -0.50% | 6.28% | 18.39% | -4.17% | 11.17% |
Correlation
The correlation between LEMB.L and SEMB.L is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2011 | 0.63 |
The correlation between LEMB.L and SEMB.L shifts across timeframes, from 0.63 (all time) to 0.75 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LEMB.L vs. SEMB.L — Risk / Return Rank
LEMB.L
SEMB.L
LEMB.L vs. SEMB.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 Emerging Markets Bond UCITS ETF (Dist) (SEMB.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 | SEMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 3.04 | -0.17 |
| Martin ratioReturn relative to average drawdown | 11.44 | 13.13 | -1.70 |
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 | SEMB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.23 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.38 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.48 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.67 | -0.36 |
Drawdowns
LEMB.L vs. SEMB.L - Drawdown Comparison
The maximum LEMB.L drawdown since its inception was -27.40%, smaller than the maximum SEMB.L drawdown of -31.45%. Use the drawdown chart below to compare losses from any high point for LEMB.L and SEMB.L.
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Drawdown Indicators
| LEMB.L | SEMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.40% | -31.45% | +4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.74% | -4.48% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -8.59% | -7.17% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -26.85% | -27.45% | +0.60% |
Max Drawdown (10Y)Largest decline over 10 years | -27.40% | -28.20% | +0.80% |
Current DrawdownCurrent decline from peak | -0.02% | -0.05% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -7.90% | -4.25% | -3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.04% | -0.10% |
Volatility
LEMB.L vs. SEMB.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 Emerging Markets Bond UCITS ETF (Dist) (SEMB.L) has a volatility of 2.20%. This indicates that LEMB.L experiences smaller price fluctuations and is considered to be less risky than SEMB.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 | SEMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 2.20% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 4.84% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.25% | 6.11% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.89% | 9.42% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.18% | 10.07% | +0.11% |
LEMB.L vs. SEMB.L - Expense Ratio Comparison
LEMB.L has a 0.30% expense ratio, which is lower than SEMB.L's 0.45% expense ratio.
Dividends
LEMB.L vs. SEMB.L - Dividend Comparison
LEMB.L's dividend yield for the trailing twelve months is around 5.20%, less than SEMB.L's 7.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SEMB.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 7.83% | 7.87% | 7.27% | 7.21% | 6.70% | 5.35% | 5.28% | 6.25% | 6.15% | 6.48% | 6.88% | 7.10% |
Frequently Asked Questions
LEMB.L and SEMB.L have a correlation of 0.67, 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 SEMB.L.
Both ETFs track JPM EMBI Global Diversified TR USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.30% for LEMB.L and 0.45% for SEMB.L.
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