LEMB vs. FBIIX
Compare and contrast key facts about iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) and Fidelity International Bond Index Fund (FBIIX).
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. FBIIX is managed by Fidelity. It was launched on Oct 10, 2019.
Performance
LEMB vs. FBIIX - Performance Comparison
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LEMB vs. FBIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | -1.40% | 18.02% | -1.72% | 7.23% | -10.74% | -9.92% | 3.10% | 1.54% |
FBIIX Fidelity International Bond Index Fund | -0.22% | 2.66% | 4.64% | 7.48% | -10.84% | -1.84% | 4.43% | -1.13% |
Returns By Period
In the year-to-date period, LEMB achieves a -1.40% return, which is significantly lower than FBIIX's -0.22% return.
LEMB
- 1D
- 0.47%
- 1M
- -3.60%
- YTD
- -1.40%
- 6M
- 1.69%
- 1Y
- 12.21%
- 3Y*
- 5.70%
- 5Y*
- 0.90%
- 10Y*
- 1.04%
FBIIX
- 1D
- 0.33%
- 1M
- -1.82%
- YTD
- -0.22%
- 6M
- 0.24%
- 1Y
- 2.55%
- 3Y*
- 3.94%
- 5Y*
- 0.52%
- 10Y*
- —
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LEMB vs. FBIIX - Expense Ratio Comparison
LEMB has a 0.30% expense ratio, which is higher than FBIIX's 0.06% expense ratio.
Return for Risk
LEMB vs. FBIIX — Risk / Return Rank
LEMB
FBIIX
LEMB vs. FBIIX - 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 Fidelity International Bond Index Fund (FBIIX). 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 | FBIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 0.99 | +0.80 |
Sortino ratioReturn per unit of downside risk | 2.40 | 1.36 | +1.03 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.18 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.00 | +1.02 |
Martin ratioReturn relative to average drawdown | 8.47 | 4.23 | +4.24 |
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 | FBIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 0.99 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.15 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.19 | -0.16 |
Correlation
The correlation between LEMB and FBIIX is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
LEMB vs. FBIIX - Dividend Comparison
LEMB's dividend yield for the trailing twelve months is around 2.48%, less than FBIIX's 4.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | 2.48% | 2.44% | 0.00% | 1.34% | 0.86% | 3.89% | 0.00% | 4.39% | 3.46% | 0.00% | 0.00% | 0.64% |
FBIIX Fidelity International Bond Index Fund | 4.10% | 4.09% | 3.44% | 2.85% | 1.02% | 0.62% | 0.74% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LEMB vs. FBIIX - Drawdown Comparison
The maximum LEMB drawdown since its inception was -30.82%, which is greater than FBIIX's maximum drawdown of -13.79%. Use the drawdown chart below to compare losses from any high point for LEMB and FBIIX.
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Drawdown Indicators
| LEMB | FBIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.82% | -13.79% | -17.03% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -2.78% | -3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -25.29% | -13.74% | -11.55% |
Max Drawdown (10Y)Largest decline over 10 years | -29.09% | — | — |
Current DrawdownCurrent decline from peak | -7.30% | -2.14% | -5.16% |
Average DrawdownAverage peak-to-trough decline | -12.83% | -4.18% | -8.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.65% | +0.78% |
Volatility
LEMB vs. FBIIX - Volatility Comparison
iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) has a higher volatility of 3.20% compared to Fidelity International Bond Index Fund (FBIIX) at 1.46%. This indicates that LEMB's price experiences larger fluctuations and is considered to be riskier than FBIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEMB | FBIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 1.46% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 4.72% | 2.07% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.86% | 2.71% | +4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 3.50% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.33% | 3.39% | +5.94% |