MIST.L vs. EMLP.L
MIST.L (PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation) and EMLP.L (PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc) are both exchange-traded funds - MIST.L is a Global Equities fund tracking the PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation, while EMLP.L is a Emerging Markets Bonds fund tracking the JPM GBI-EM Global Diversified TR USD. Both are passively managed. Over the past 5 years, MIST.L returned 3.14%/yr vs 4.71%/yr for EMLP.L. At a 0.04 correlation, their price movements are largely independent.
Performance
MIST.L vs. EMLP.L - Performance Comparison
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Returns By Period
In the year-to-date period, MIST.L achieves a 2.23% return, which is significantly lower than EMLP.L's 3.11% return.
MIST.L
- 1D
- 0.00%
- 1M
- 0.32%
- 6M
- 2.06%
- YTD
- 2.23%
- 1Y
- 4.37%
- 3Y*
- 5.04%
- 5Y*
- 3.14%
- 10Y*
- —
EMLP.L
- 1D
- -0.14%
- 1M
- 0.06%
- 6M
- 2.44%
- YTD
- 3.11%
- 1Y
- 8.39%
- 3Y*
- 4.98%
- 5Y*
- 4.71%
- 10Y*
- 2.96%
MIST.L vs. EMLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MIST.L PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation | 2.23% | 4.61% | 5.53% | 5.01% | -1.12% | -0.36% | 0.63% | 0.28% |
EMLP.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc | 3.11% | 9.09% | -1.67% | 7.52% | 5.55% | -4.33% | -1.55% | -2.23% |
Correlation
The correlation between MIST.L and EMLP.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019 | 0.04 |
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Return for Risk
MIST.L vs. EMLP.L — Risk / Return Rank
MIST.L
EMLP.L
MIST.L vs. EMLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) and PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc (EMLP.L). 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.
| MIST.L | EMLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +10.02 | ||
| Sortino ratioReturn per unit of downside risk | +33.06 | ||
| Omega ratioGain probability vs. loss probability | 7.17 | 1.28 | +5.89 |
| Calmar ratioReturn relative to maximum drawdown | 101.64 | 1.98 | +99.66 |
| Martin ratioReturn relative to average drawdown | 493.90 | 5.51 | +488.39 |
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Drawdowns
MIST.L vs. EMLP.L - Drawdown Comparison
The maximum MIST.L drawdown since its inception was -3.70%, smaller than the maximum EMLP.L drawdown of -53.09%. Use the drawdown chart below to compare losses from any high point for MIST.L and EMLP.L.
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Drawdown Indicators
| MIST.L | EMLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.70% | -53.09% | +49.39% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -4.29% | +4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -0.20% | -4.90% | +4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -2.45% | -11.24% | +8.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.11% | — |
Current DrawdownCurrent decline from peak | 0.00% | -13.82% | +13.82% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -27.91% | +27.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.55% | -1.54% |
Volatility
MIST.L vs. EMLP.L - Volatility Comparison
The current volatility for PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) is 0.10%, while PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc (EMLP.L) has a volatility of 1.25%. This indicates that MIST.L experiences smaller price fluctuations and is considered to be less risky than EMLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIST.L | EMLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 1.25% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 0.28% | 4.22% | -3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.38% | 5.44% | -5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 8.07% | -7.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.98% | 9.18% | -8.20% |
Dividends
MIST.L vs. EMLP.L - Dividend Comparison
Neither MIST.L nor EMLP.L has paid dividends to shareholders.
Frequently Asked Questions
MIST.L and EMLP.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIST.L is categorized as Global Equities, while EMLP.L is Emerging Markets Bonds. MIST.L tracks PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation, while EMLP.L tracks JPM GBI-EM Global Diversified TR USD.
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