MVOL.L vs. SEML.L
MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) and SEML.L (iShares J.P. Morgan EM Local Government Bond UCITS ETF) are both exchange-traded funds - MVOL.L is a Global Equities fund tracking the MSCI ACWI NR USD, while SEML.L is a Emerging Markets Bonds fund tracking the JPM GBI-EM Global Diversified TR USD. Both are passively managed. Over the past 10 years, MVOL.L returned 6.83%/yr vs 2.05%/yr for SEML.L. At a 0.38 correlation, their price movements are largely independent. MVOL.L charges 0.35%/yr vs 0.50%/yr for SEML.L.
Performance
MVOL.L vs. SEML.L - Performance Comparison
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Different Trading Currencies
MVOL.L is traded in USD, while SEML.L is traded in GBP. To make them comparable, the SEML.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MVOL.L achieves a 2.60% return, which is significantly higher than SEML.L's 0.81% return. Over the past 10 years, MVOL.L has outperformed SEML.L with an annualized return of 6.83%, while SEML.L has yielded a comparatively lower 2.05% annualized return.
MVOL.L
- 1D
- 0.65%
- 1M
- 3.64%
- 6M
- 2.88%
- YTD
- 2.60%
- 1Y
- 4.44%
- 3Y*
- 9.17%
- 5Y*
- 5.10%
- 10Y*
- 6.83%
SEML.L
- 1D
- -0.12%
- 1M
- -0.10%
- 6M
- 0.63%
- YTD
- 0.81%
- 1Y
- 6.99%
- 3Y*
- 5.55%
- 5Y*
- 1.65%
- 10Y*
- 2.05%
MVOL.L vs. SEML.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 2.60% | 11.02% | 11.08% | 7.28% | -9.62% | 14.65% | 2.56% | 22.56% | -2.40% | 17.39% |
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | 0.81% | 18.63% | -2.85% | 10.98% | -10.90% | -10.30% | 1.47% | 12.55% | -5.63% | 14.90% |
Correlation
The correlation between MVOL.L and SEML.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.38 |
Over the past year, the correlation between MVOL.L and SEML.L has dropped to 0.18 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
MVOL.L vs. SEML.L — Risk / Return Rank
MVOL.L
SEML.L
MVOL.L vs. SEML.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 EM Local Government Bond UCITS ETF (SEML.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 | SEML.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.17 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 1.08 | -0.28 |
| Martin ratioReturn relative to average drawdown | 1.76 | 3.29 | -1.54 |
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Drawdowns
MVOL.L vs. SEML.L - Drawdown Comparison
The maximum MVOL.L drawdown since its inception was -28.82%, smaller than the maximum SEML.L drawdown of -50.31%. Use the drawdown chart below to compare losses from any high point for MVOL.L and SEML.L.
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Drawdown Indicators
| MVOL.L | SEML.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.82% | -50.31% | +21.49% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -6.39% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -8.15% | -8.69% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -25.07% | +6.55% |
Max Drawdown (10Y)Largest decline over 10 years | -28.82% | -28.35% | -0.47% |
Current DrawdownCurrent decline from peak | -2.01% | -27.51% | +25.50% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -37.91% | +34.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 2.10% | +0.55% |
Volatility
MVOL.L vs. SEML.L - Volatility Comparison
iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) has a higher volatility of 2.29% compared to iShares J.P. Morgan EM Local Government Bond UCITS ETF (SEML.L) at 1.64%. This indicates that MVOL.L's price experiences larger fluctuations and is considered to be riskier than SEML.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 | SEML.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 1.64% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 6.07% | 6.48% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.87% | 7.38% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.67% | 9.47% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.62% | 10.12% | +1.50% |
MVOL.L vs. SEML.L - Expense Ratio Comparison
MVOL.L has a 0.35% expense ratio, which is lower than SEML.L's 0.50% expense ratio.
Dividends
MVOL.L vs. SEML.L - Dividend Comparison
MVOL.L has not paid dividends to shareholders, while SEML.L's dividend yield for the trailing twelve months is around 5.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | 5.65% | 5.44% | 5.55% | 5.05% | 5.25% | 4.58% | 5.13% | 5.44% | 7.30% | 6.75% | 6.78% | 5.18% |
Frequently Asked Questions
MVOL.L and SEML.L have a correlation of 0.18, 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 0.50% for SEML.L.
MVOL.L is categorized as Global Equities, while SEML.L is Emerging Markets Bonds. MVOL.L tracks MSCI ACWI NR USD, while SEML.L tracks JPM GBI-EM Global Diversified TR USD. Their fees differ too: 0.35% for MVOL.L and 0.50% for SEML.L.
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