LEMB.L vs. SP5L.L
LEMB.L (Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist) and SP5L.L (Lyxor S&P 500 UCITS ETF - Acc) are both exchange-traded funds - LEMB.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD, while SP5L.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, LEMB.L returned 1.69%/yr vs 13.18%/yr for SP5L.L. At a 0.34 correlation, their price movements are largely independent. LEMB.L charges 0.30%/yr vs 0.07%/yr for SP5L.L.
Performance
LEMB.L vs. SP5L.L - Performance Comparison
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Different Trading Currencies
LEMB.L is traded in USD, while SP5L.L is traded in GBP. To make them comparable, the SP5L.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 1.66% return, which is significantly lower than SP5L.L's 10.73% return. Over the past 10 years, LEMB.L has underperformed SP5L.L with an annualized return of 1.69%, while SP5L.L has yielded a comparatively higher 13.18% annualized return.
LEMB.L
- 1D
- -0.02%
- 1M
- -0.83%
- 6M
- 2.03%
- YTD
- 1.66%
- 1Y
- 9.59%
- 3Y*
- 6.68%
- 5Y*
- 0.79%
- 10Y*
- 1.69%
SP5L.L
- 1D
- 0.60%
- 1M
- 0.58%
- 6M
- 10.39%
- YTD
- 10.73%
- 1Y
- 22.46%
- 3Y*
- 21.37%
- 5Y*
- 13.34%
- 10Y*
- 13.18%
LEMB.L vs. SP5L.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 | 1.66% | 12.47% | 0.66% | 9.26% | -16.61% | -2.22% | 4.28% | 13.91% | -4.52% | 8.55% |
SP5L.L Lyxor S&P 500 UCITS ETF - Acc | 10.73% | 17.77% | 25.48% | 26.33% | -18.58% | 30.00% | 17.41% | 32.02% | -4.72% | 3.91% |
Correlation
The correlation between LEMB.L and SP5L.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2014 | 0.34 |
Over the past year, LEMB.L and SP5L.L have become more correlated (0.55) than their long-term average of 0.34, meaning their price movements have been converging.
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Return for Risk
LEMB.L vs. SP5L.L — Risk / Return Rank
LEMB.L
SP5L.L
LEMB.L vs. SP5L.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 Lyxor S&P 500 UCITS ETF - Acc (SP5L.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.
| LEMB.L | SP5L.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.34 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.52 | +0.03 |
| Martin ratioReturn relative to average drawdown | 10.33 | 10.42 | -0.09 |
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Drawdowns
LEMB.L vs. SP5L.L - Drawdown Comparison
The maximum LEMB.L drawdown since its inception was -27.40%, smaller than the maximum SP5L.L drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for LEMB.L and SP5L.L.
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Drawdown Indicators
| LEMB.L | SP5L.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.40% | -33.49% | +6.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.74% | -8.86% | +5.12% |
Max Drawdown (3Y)Largest decline over 3 years | -8.59% | -19.21% | +10.62% |
Max Drawdown (5Y)Largest decline over 5 years | -26.85% | -25.08% | -1.77% |
Max Drawdown (10Y)Largest decline over 10 years | -27.40% | -33.49% | +6.09% |
Current DrawdownCurrent decline from peak | -0.83% | -0.19% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -6.56% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 2.15% | -1.22% |
Volatility
LEMB.L vs. SP5L.L - Volatility Comparison
The current volatility for Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist (LEMB.L) is 0.97%, while Lyxor S&P 500 UCITS ETF - Acc (SP5L.L) has a volatility of 3.31%. This indicates that LEMB.L experiences smaller price fluctuations and is considered to be less risky than SP5L.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 | SP5L.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 3.31% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 8.74% | -4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.17% | 11.61% | -6.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.87% | 19.83% | -10.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.14% | 18.94% | -8.80% |
LEMB.L vs. SP5L.L - Expense Ratio Comparison
LEMB.L has a 0.30% expense ratio, which is higher than SP5L.L's 0.07% expense ratio.
Dividends
LEMB.L vs. SP5L.L - Dividend Comparison
LEMB.L's dividend yield for the trailing twelve months is around 5.21%, while SP5L.L has not paid dividends to shareholders.
| 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 | 5.21% | 5.29% | 3.59% | 5.91% | 5.72% | 4.49% | 4.12% | 5.12% | 5.18% | 5.14% | 5.41% | 6.69% |
SP5L.L Lyxor S&P 500 UCITS ETF - 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% |
Frequently Asked Questions
LEMB.L and SP5L.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SP5L.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SP5L.L is cheaper with a 0.07% expense ratio, compared with 0.30% for LEMB.L.
LEMB.L is categorized as Emerging Markets Bonds, while SP5L.L is S&P 500. LEMB.L tracks JPM EMBI Global Diversified TR USD, while SP5L.L tracks S&P 500 Index. Their fees differ too: 0.30% for LEMB.L and 0.07% for SP5L.L.
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