MVOL.L vs. IEMB.L
MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) and IEMB.L (iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist)) are both exchange-traded funds - MVOL.L is a Global Equities fund tracking the MSCI ACWI NR USD, while IEMB.L is a Emerging Markets Bonds fund managed by iShares. Over the past 10 years, MVOL.L returned 6.83%/yr vs 3.34%/yr for IEMB.L. At a 0.47 correlation, their price movements are largely independent. MVOL.L charges 0.35%/yr vs 0.45%/yr for IEMB.L.
Performance
MVOL.L vs. IEMB.L - Performance Comparison
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Returns By Period
In the year-to-date period, MVOL.L achieves a -1.02% return, which is significantly lower than IEMB.L's 2.13% return. Over the past 10 years, MVOL.L has outperformed IEMB.L with an annualized return of 6.83%, while IEMB.L has yielded a comparatively lower 3.34% annualized return.
MVOL.L
- 1D
- -0.01%
- 1M
- -2.61%
- YTD
- -1.02%
- 6M
- -0.53%
- 1Y
- 1.24%
- 3Y*
- 8.39%
- 5Y*
- 5.04%
- 10Y*
- 6.83%
IEMB.L
- 1D
- -0.06%
- 1M
- 2.10%
- YTD
- 2.13%
- 6M
- 2.52%
- 1Y
- 11.42%
- 3Y*
- 9.58%
- 5Y*
- 1.92%
- 10Y*
- 3.34%
MVOL.L vs. IEMB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | -1.02% | 11.02% | 11.08% | 7.28% | -9.62% | 14.65% | 2.56% | 22.56% | -2.40% | 17.39% |
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 2.13% | 13.71% | 5.70% | 10.54% | -18.35% | -2.28% | 5.57% | 16.06% | -5.53% | 9.73% |
Correlation
The correlation between MVOL.L and IEMB.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.47 |
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Return for Risk
MVOL.L vs. IEMB.L — Risk / Return Rank
MVOL.L
IEMB.L
MVOL.L vs. IEMB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) and iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.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.
| MVOL.L | IEMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.40 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 2.73 | -2.39 |
| Martin ratioReturn relative to average drawdown | 0.77 | 11.30 | -10.53 |
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Drawdowns
MVOL.L vs. IEMB.L - Drawdown Comparison
The maximum MVOL.L drawdown since its inception was -28.82%, smaller than the maximum IEMB.L drawdown of -31.65%. Use the drawdown chart below to compare losses from any high point for MVOL.L and IEMB.L.
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Drawdown Indicators
| MVOL.L | IEMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.82% | -31.65% | +2.83% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -4.32% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -8.15% | -7.54% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -28.62% | +10.10% |
Max Drawdown (10Y)Largest decline over 10 years | -28.82% | -28.62% | -0.20% |
Current DrawdownCurrent decline from peak | -5.47% | -0.25% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -4.98% | +1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 1.04% | +1.47% |
Volatility
MVOL.L vs. IEMB.L - Volatility Comparison
iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) has a higher volatility of 2.13% compared to iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.L) at 1.69%. This indicates that MVOL.L's price experiences larger fluctuations and is considered to be riskier than IEMB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MVOL.L | IEMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 1.69% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 5.74% | 4.97% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.91% | 5.94% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.65% | 8.88% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.65% | 9.25% | +2.40% |
MVOL.L vs. IEMB.L - Expense Ratio Comparison
MVOL.L has a 0.35% expense ratio, which is lower than IEMB.L's 0.45% expense ratio.
Dividends
MVOL.L vs. IEMB.L - Dividend Comparison
MVOL.L has not paid dividends to shareholders, while IEMB.L's dividend yield for the trailing twelve months is around 5.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 5.74% | 5.85% | 5.80% | 5.65% | 5.55% | 3.95% | 3.86% | 4.73% | 4.82% | 4.79% | 5.57% | 4.78% |
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MVOL.L and IEMB.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVOL.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVOL.L is cheaper with a 0.35% expense ratio, compared with 0.45% for IEMB.L.
MVOL.L is categorized as Global Equities, while IEMB.L is Emerging Markets Bonds. Their fees differ too: 0.35% for MVOL.L and 0.45% for IEMB.L.
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