LEMB vs. DBELX
LEMB (iShares J.P. Morgan EM Local Currency Bond ETF) and DBELX (DoubleLine Emerging Markets Local Currency Bond Fund) are both Emerging Markets Bonds funds. Over the past 5 years, LEMB returned 1.19%/yr vs 3.40%/yr for DBELX. Their correlation of 0.83 suggests significant overlap in exposure. LEMB charges 0.30%/yr vs 0.90%/yr for DBELX.
Performance
LEMB vs. DBELX - Performance Comparison
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Returns By Period
In the year-to-date period, LEMB achieves a 2.00% return, which is significantly lower than DBELX's 2.18% return.
LEMB
- 1D
- -0.05%
- 1M
- 1.68%
- YTD
- 2.00%
- 6M
- 2.42%
- 1Y
- 9.76%
- 3Y*
- 5.90%
- 5Y*
- 1.19%
- 10Y*
- 1.45%
DBELX
- 1D
- -0.61%
- 1M
- 0.94%
- YTD
- 2.18%
- 6M
- 3.12%
- 1Y
- 11.90%
- 3Y*
- 7.29%
- 5Y*
- 3.40%
- 10Y*
- —
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 | 2.00% | 18.02% | -1.72% | 7.23% | -10.74% | -9.92% | 3.10% | -0.77% |
DBELX DoubleLine Emerging Markets Local Currency Bond Fund | 2.18% | 20.86% | -4.37% | 12.50% | -6.99% | -9.37% | 2.61% | 0.89% |
Correlation
The correlation between LEMB and DBELX is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019 | 0.83 |
The correlation between LEMB and DBELX has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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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.
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 | DBELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.72 | -0.08 |
| Martin ratioReturn relative to average drawdown | 5.38 | 6.04 | -0.66 |
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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 (3Y)Largest decline over 3 years | -10.09% | -8.54% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -23.96% | -18.21% | -5.75% |
Max Drawdown (10Y)Largest decline over 10 years | -29.09% | — | — |
Current DrawdownCurrent decline from peak | -4.11% | -2.00% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -12.71% | -7.17% | -5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 1.95% | -0.13% |
Volatility
LEMB vs. DBELX - Volatility Comparison
The current volatility for iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) is 2.04%, while DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) has a volatility of 2.49%. 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 | 2.04% | 2.49% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 5.59% | 6.65% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.73% | 7.50% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.25% | 7.16% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.27% | 7.47% | +1.80% |
LEMB vs. DBELX - Expense Ratio Comparison
LEMB has a 0.30% expense ratio, which is lower than DBELX's 0.90% expense ratio.
Dividends
LEMB vs. DBELX - Dividend Comparison
LEMB's dividend yield for the trailing twelve months is around 2.39%, less than DBELX's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBELX DoubleLine Emerging Markets Local Currency Bond Fund | 4.93% | 4.41% | 3.80% | 2.03% | 2.01% | 1.98% | 1.17% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% |
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | 2.39% | 2.44% | 0.00% | 1.34% | 0.86% | 3.89% | 0.00% | 4.39% | 3.46% | 0.00% | 0.00% | 0.64% |
Frequently Asked Questions
LEMB and DBELX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBELX has higher volatility (2.49%) compared to LEMB (2.04%). In terms of maximum drawdown, LEMB dropped -30.82% vs DBELX's -21.95%.
DBELX currently has the higher Sharpe Ratio (1.58 vs 1.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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