LEMB vs. NEMD
LEMB (iShares J.P. Morgan EM Local Currency Bond ETF) and NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) are both Emerging Markets Bonds funds. LEMB is passively managed, while NEMD is actively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. LEMB charges 0.30%/yr vs 0.60%/yr for NEMD.
Performance
LEMB vs. NEMD - Performance Comparison
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Returns By Period
In the year-to-date period, LEMB achieves a 2.60% return, which is significantly lower than NEMD's 3.92% return.
LEMB
- 1D
- 0.16%
- 1M
- 0.21%
- 6M
- 0.59%
- YTD
- 2.60%
- 1Y
- 8.68%
- 3Y*
- 6.08%
- 5Y*
- 1.35%
- 10Y*
- 1.01%
- ALL TIME*
- 0.52%
NEMD
- 1D
- 0.43%
- 1M
- -0.61%
- 6M
- 2.30%
- YTD
- 3.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.99M | $7.31M | $6.57M | |
| $354.35K | $398.43K | $580.02K |
LEMB vs. NEMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | 2.60% | 5.06% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 3.92% | 7.10% |
Correlation
The correlation between LEMB and NEMD is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 11, 2025 | 0.62 |
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Return for Risk
LEMB vs. NEMD — Risk / Return Rank
LEMB
NEMD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LEMB vs. NEMD - 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 Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD). 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 | NEMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | — | — |
| Martin ratioReturn relative to average drawdown | 4.65 | — | — |
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Drawdowns
LEMB vs. NEMD - Drawdown Comparison
The maximum LEMB drawdown since its inception was -30.82%, which is greater than NEMD's maximum drawdown of -4.43%. Use the drawdown chart below to compare losses from any high point for LEMB and NEMD.
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Drawdown Indicators
| LEMB | NEMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.82% | -4.43% | -26.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -8.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.09% | — | — |
Current DrawdownCurrent decline from peak | -3.54% | -0.92% | -2.62% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -0.59% | -12.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | — | — |
Volatility
LEMB vs. NEMD - Volatility Comparison
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Volatility by Period
| LEMB | NEMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.62% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.59% | 6.44% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.25% | 6.44% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.16% | 6.44% | +2.72% |
LEMB vs. NEMD - Expense Ratio Comparison
LEMB has a 0.30% expense ratio, which is lower than NEMD's 0.60% expense ratio.
Dividends
LEMB vs. NEMD - Dividend Comparison
LEMB's dividend yield for the trailing twelve months is around 2.38%, less than NEMD's 5.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | 2.38% | 2.44% | 0.00% | 1.34% | 0.86% | 3.89% | 0.00% | 4.39% | 3.46% | 0.00% | 0.00% | 0.64% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 5.79% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LEMB and NEMD have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LEMB is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LEMB is cheaper with a 0.30% expense ratio, compared with 0.60% for NEMD.
NEMD has the higher dividend yield at 5.79%, compared with 2.38% for LEMB.
They also come from different issuers: iShares and Neuberger Berman. Their fees differ too: 0.30% for LEMB and 0.60% for NEMD.
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