LEMB vs. FLOT
Compare and contrast key facts about iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) and iShares Floating Rate Bond ETF (FLOT).
LEMB and FLOT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FLOT is a passively managed fund by iShares that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Jun 14, 2011. Both LEMB and FLOT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LEMB or FLOT.
Key characteristics
| LEMB | FLOT | |
|---|---|---|
| YTD Return | -0.95% | 5.74% |
| 1Y Return | 2.77% | 6.55% |
| 3Y Return (Ann) | -2.51% | 4.44% |
| 5Y Return (Ann) | -2.12% | 2.99% |
| 10Y Return (Ann) | -0.80% | 2.34% |
| Sharpe Ratio | 0.42 | 8.09 |
| Sortino Ratio | 0.66 | 14.82 |
| Omega Ratio | 1.08 | 4.48 |
| Calmar Ratio | 0.14 | 14.83 |
| Martin Ratio | 1.28 | 160.27 |
| Ulcer Index | 2.18% | 0.04% |
| Daily Std Dev | 6.63% | 0.81% |
| Max Drawdown | -28.42% | -13.54% |
| Current Drawdown | -16.93% | -0.02% |
Correlation
The correlation between LEMB and FLOT is 0.11, 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.
Performance
LEMB vs. FLOT - Performance Comparison
In the year-to-date period, LEMB achieves a -0.95% return, which is significantly lower than FLOT's 5.74% return. Over the past 10 years, LEMB has underperformed FLOT with an annualized return of -0.80%, while FLOT has yielded a comparatively higher 2.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LEMB vs. FLOT - Expense Ratio Comparison
LEMB has a 0.30% expense ratio, which is higher than FLOT's 0.20% expense ratio.
Risk-Adjusted Performance
LEMB vs. FLOT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) and iShares Floating Rate Bond ETF (FLOT). 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.
Dividends
LEMB vs. FLOT - Dividend Comparison
LEMB's dividend yield for the trailing twelve months is around 1.35%, less than FLOT's 5.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | 1.35% | 1.34% | 0.86% | 3.89% | 0.00% | 4.39% | 6.91% | 0.00% | 0.00% | 0.64% | 2.85% | 2.99% |
FLOT iShares Floating Rate Bond ETF | 5.92% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.45% | 0.97% | 0.53% | 0.44% | 0.48% |
Drawdowns
LEMB vs. FLOT - Drawdown Comparison
The maximum LEMB drawdown since its inception was -28.42%, which is greater than FLOT's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for LEMB and FLOT. For additional features, visit the drawdowns tool.
Volatility
LEMB vs. FLOT - Volatility Comparison
iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) has a higher volatility of 2.44% compared to iShares Floating Rate Bond ETF (FLOT) at 0.32%. This indicates that LEMB's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.