SBEM.L vs. SEMB.L
SBEM.L (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis) and SEMB.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds tracking the JPM EMBI Global Diversified TR USD, from UBS and iShares respectively. Both are passively managed. Over the past 10 years, SBEM.L returned 4.55%/yr vs 5.65%/yr for SEMB.L. Their correlation of 0.94 suggests significant overlap in exposure. SBEM.L charges 0.42%/yr vs 0.45%/yr for SEMB.L.
Performance
SBEM.L vs. SEMB.L - Performance Comparison
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Returns By Period
In the year-to-date period, SBEM.L achieves a 2.48% return, which is significantly lower than SEMB.L's 2.75% return. Over the past 10 years, SBEM.L has underperformed SEMB.L with an annualized return of 4.55%, while SEMB.L has yielded a comparatively higher 5.65% annualized 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%
SEMB.L
- 1D
- 0.37%
- 1M
- 2.16%
- YTD
- 2.75%
- 6M
- 2.73%
- 1Y
- 14.74%
- 3Y*
- 8.83%
- 5Y*
- 4.65%
- 10Y*
- 5.65%
SBEM.L vs. SEMB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 10.91% | 1.42% | 0.47% |
SEMB.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 2.75% | 8.06% | 9.19% | 6.03% | -7.53% | 0.41% | 3.12% | 13.82% | 1.58% | 1.51% |
Correlation
The correlation between SBEM.L and SEMB.L is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2016 | 0.94 |
The correlation between SBEM.L and SEMB.L has been stable across timeframes, ranging from 0.86 to 0.95 - a consistent structural relationship.
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Return for Risk
SBEM.L vs. SEMB.L — Risk / Return Rank
SBEM.L
SEMB.L
SBEM.L vs. SEMB.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 iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.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 | SEMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.44 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 3.98 | +0.13 |
| Martin ratioReturn relative to average drawdown | 11.84 | 12.19 | -0.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SBEM.L | SEMB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 2.46 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.53 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.53 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.82 | -0.34 |
Drawdowns
SBEM.L vs. SEMB.L - Drawdown Comparison
The maximum SBEM.L drawdown since its inception was -21.61%, roughly equal to the maximum SEMB.L drawdown of -21.74%. Use the drawdown chart below to compare losses from any high point for SBEM.L and SEMB.L.
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Drawdown Indicators
| SBEM.L | SEMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.61% | -21.74% | +0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -3.69% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -9.79% | -8.69% | -1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -17.20% | -13.70% | -3.50% |
Max Drawdown (10Y)Largest decline over 10 years | -21.61% | -20.43% | -1.18% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.26% | -4.52% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.21% | +0.02% |
Volatility
SBEM.L vs. SEMB.L - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis (SBEM.L) is 1.66%, while iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.L) has a volatility of 1.77%. This indicates that SBEM.L experiences smaller price fluctuations and is considered to be less risky than SEMB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBEM.L | SEMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 1.77% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.58% | 4.41% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.47% | 5.96% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.85% | 8.76% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.88% | 10.67% | +0.21% |
SBEM.L vs. SEMB.L - Expense Ratio Comparison
SBEM.L has a 0.42% expense ratio, which is lower than SEMB.L's 0.45% expense ratio.
Dividends
SBEM.L vs. SEMB.L - Dividend Comparison
SBEM.L's dividend yield for the trailing twelve months is around 6.53%, less than SEMB.L's 7.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SEMB.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 7.83% | 7.87% | 7.27% | 7.21% | 6.70% | 5.35% | 5.28% | 6.25% | 6.15% | 6.48% | 6.88% | 7.10% |
Frequently Asked Questions
SBEM.L and SEMB.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SBEM.L is cheaper with a 0.42% expense ratio, compared with 0.45% for SEMB.L.
Both ETFs track JPM EMBI Global Diversified TR USD. They also come from different issuers: UBS and iShares. Their fees differ too: 0.42% for SBEM.L and 0.45% for SEMB.L.
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