LEMB vs. DBELX
Compare and contrast key facts about iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) and DoubleLine Emerging Markets Local Currency Bond Fund (DBELX).
LEMB is a passively managed fund by iShares that tracks the performance of the J.P. Morgan GBI-EM Global 15 cap 4.5 floor. It was launched on Oct 18, 2011. DBELX is managed by DoubleLine. It was launched on Jun 27, 2019.
Performance
LEMB vs. DBELX - Performance Comparison
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LEMB vs. DBELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | -1.85% | 18.02% | -1.72% | 7.23% | -10.74% | -9.92% | 3.10% | -0.87% |
DBELX DoubleLine Emerging Markets Local Currency Bond Fund | -2.91% | 20.86% | -4.37% | 12.50% | -6.99% | -9.37% | 2.61% | 0.89% |
Returns By Period
In the year-to-date period, LEMB achieves a -1.85% return, which is significantly higher than DBELX's -2.91% return.
LEMB
- 1D
- 0.94%
- 1M
- -5.03%
- YTD
- -1.85%
- 6M
- 1.44%
- 1Y
- 11.60%
- 3Y*
- 5.53%
- 5Y*
- 0.81%
- 10Y*
- 1.00%
DBELX
- 1D
- -0.32%
- 1M
- -6.70%
- YTD
- -2.91%
- 6M
- 0.26%
- 1Y
- 12.48%
- 3Y*
- 6.49%
- 5Y*
- 2.63%
- 10Y*
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LEMB vs. DBELX - Expense Ratio Comparison
LEMB has a 0.30% expense ratio, which is lower than DBELX's 0.90% expense ratio.
Return for Risk
LEMB vs. DBELX — Risk / Return Rank
LEMB
DBELX
LEMB vs. DBELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) and DoubleLine Emerging Markets Local Currency Bond Fund (DBELX). 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 | DBELX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 1.93 | -0.22 |
Sortino ratioReturn per unit of downside risk | 2.29 | 2.58 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.83 | +0.16 |
Martin ratioReturn relative to average drawdown | 8.51 | 8.57 | -0.06 |
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 | DBELX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.93 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.38 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.20 | -0.17 |
Correlation
The correlation between LEMB and DBELX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LEMB vs. DBELX - Dividend Comparison
LEMB's dividend yield for the trailing twelve months is around 2.49%, less than DBELX's 4.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | 2.49% | 2.44% | 0.00% | 1.34% | 0.86% | 3.89% | 0.00% | 4.39% | 3.46% | 0.00% | 0.00% | 0.64% |
DBELX DoubleLine Emerging Markets Local Currency Bond Fund | 4.02% | 4.41% | 3.80% | 2.03% | 2.01% | 1.98% | 1.17% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LEMB vs. DBELX - Drawdown Comparison
The maximum LEMB drawdown since its inception was -30.82%, which is greater than DBELX's maximum drawdown of -21.95%. Use the drawdown chart below to compare losses from any high point for LEMB and DBELX.
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Drawdown Indicators
| LEMB | DBELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.82% | -21.95% | -8.87% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -6.89% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -25.29% | -19.87% | -5.42% |
Max Drawdown (10Y)Largest decline over 10 years | -29.09% | — | — |
Current DrawdownCurrent decline from peak | -7.73% | -6.89% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -12.83% | -7.33% | -5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 1.47% | -0.07% |
Volatility
LEMB vs. DBELX - Volatility Comparison
The current volatility for iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) is 3.56%, while DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) has a volatility of 4.00%. This indicates that LEMB experiences smaller price fluctuations and is considered to be less risky than DBELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEMB | DBELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 4.00% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 4.71% | 5.24% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 6.65% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 6.99% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.33% | 7.39% | +1.94% |