SBEM.L vs. EMIG.L

Last updated Jun 5, 2026

SBEM.L (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis) and EMIG.L (UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc) are both Emerging Markets Bonds funds from UBS tracking the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, SBEM.L returned 3.47%/yr vs 0.89%/yr for EMIG.L. Their correlation of 0.86 suggests significant overlap in exposure. SBEM.L charges 0.42%/yr vs 0.45%/yr for EMIG.L.

Performance

SBEM.L vs. EMIG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis (SBEM.L) and UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SBEM.L achieves a 2.48% return, which is significantly higher than EMIG.L's 0.13% return.

SBEM.L

• 1D: 0.23%
• 1M: 2.35%
• YTD: 2.48%
• 6M: 2.78%
• 1Y: 14.55%
• 3Y*: 8.68%
• 5Y*: 3.47%
• 10Y*: 4.55%

EMIG.L

• 1D: -0.09%
• 1M: 1.05%
• YTD: 0.13%
• 6M: -0.29%
• 1Y: 7.08%
• 3Y*: 2.15%
• 5Y*: 0.89%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SBEM.L vs. EMIG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SBEM.L UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis	2.48%	7.42%	9.46%	5.94%	-10.24%	-1.29%	1.28%	-6.55%
EMIG.L UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc	0.13%	1.96%	3.34%	0.56%	-7.44%	-0.84%	5.09%	-5.65%

Correlation

The correlation between SBEM.L and EMIG.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Aug 9, 2019	0.86

The correlation between SBEM.L and EMIG.L has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

Return for Risk

SBEM.L vs. EMIG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SBEM.L

SBEM.L Risk / Return Rank: 71
SBEM.L Sharpe Ratio Rank: 69
SBEM.L Sortino Ratio Rank: 74
SBEM.L Omega Ratio Rank: 67
SBEM.L Calmar Ratio Rank: 81
SBEM.L Martin Ratio Rank: 66

EMIG.L

EMIG.L Risk / Return Rank: 31
EMIG.L Sharpe Ratio Rank: 35
EMIG.L Sortino Ratio Rank: 36
EMIG.L Omega Ratio Rank: 32
EMIG.L Calmar Ratio Rank: 29
EMIG.L Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SBEM.L vs. EMIG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis (SBEM.L) and UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.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.

	SBEM.L	EMIG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.24	1.22	+1.03
Sortino ratio: Return per unit of downside risk	3.28	1.83	+1.46
Omega ratio: Gain probability vs. loss probability	1.40	1.21	+0.19
Calmar ratio: Return relative to maximum drawdown	4.10	1.40	+2.70
Martin ratio: Return relative to average drawdown	11.84	3.30	+8.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SBEM.L vs. EMIG.L - Sharpe Ratio Comparison

The current SBEM.L Sharpe Ratio is 2.24, which is higher than the EMIG.L Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of SBEM.L and EMIG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SBEM.L	EMIG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	1.22	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.11	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	-0.05	+0.54

Drawdowns

SBEM.L vs. EMIG.L - Drawdown Comparison

The maximum SBEM.L drawdown since its inception was -21.61%, which is greater than EMIG.L's maximum drawdown of -17.02%. Use the drawdown chart below to compare losses from any high point for SBEM.L and EMIG.L.

Drawdown Indicators

	SBEM.L	EMIG.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.61%	-17.02%	-4.59%
Max Drawdown (1Y) Largest decline over 1 year	-3.53%	-5.03%	+1.50%
Max Drawdown (3Y) Largest decline over 3 years	-9.79%	-8.09%	-1.70%
Max Drawdown (5Y) Largest decline over 5 years	-17.20%	-14.52%	-2.68%
Max Drawdown (10Y) Largest decline over 10 years	-21.61%	—	—
Current Drawdown Current decline from peak	0.00%	-7.24%	+7.24%
Average Drawdown Average peak-to-trough decline	-7.26%	-9.25%	+1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	2.14%	-0.91%

Volatility

SBEM.L vs. EMIG.L - Volatility Comparison

UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis (SBEM.L) has a higher volatility of 1.66% compared to UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.L) at 1.49%. This indicates that SBEM.L's price experiences larger fluctuations and is considered to be riskier than EMIG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBEM.L	EMIG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	1.49%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	4.58%	4.31%	+0.27%
Volatility (1Y) Calculated over the trailing 1-year period	6.47%	5.82%	+0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.85%	8.28%	+0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.88%	9.47%	+1.41%

SBEM.L vs. EMIG.L - Expense Ratio Comparison

SBEM.L has a 0.42% expense ratio, which is lower than EMIG.L's 0.45% expense ratio.

Dividends

SBEM.L vs. EMIG.L - Dividend Comparison

SBEM.L's dividend yield for the trailing twelve months is around 6.53%, while EMIG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EMIG.L UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SBEM.L UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis	6.53%	7.69%	6.28%	6.49%	5.72%	4.35%	4.92%	4.83%	4.47%	4.84%	2.27%

Frequently Asked Questions

Can I hold both SBEM.L and EMIG.L in my portfolio?

SBEM.L and EMIG.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SBEM.L or EMIG.L?

On fees, SBEM.L is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SBEM.L or EMIG.L?

SBEM.L is cheaper with a 0.42% expense ratio, compared with 0.45% for EMIG.L.

What is the main difference between SBEM.L and EMIG.L?

Both ETFs track JPM EMBI Global Diversified TR USD. Their fees differ too: 0.42% for SBEM.L and 0.45% for EMIG.L.