SEMA.L vs. AGG
SEMA.L (iShares MSCI EM UCITS ETF (Acc)) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - SEMA.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 10 years, SEMA.L returned 10.44%/yr vs 2.42%/yr for AGG. At a 0.06 correlation, their price movements are largely independent. SEMA.L charges 0.18%/yr vs 0.03%/yr for AGG.
Performance
SEMA.L vs. AGG - Performance Comparison
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Different Trading Currencies
SEMA.L is traded in GBp, while AGG is traded in USD. To make them comparable, the AGG values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SEMA.L achieves a 21.24% return, which is significantly higher than AGG's 0.92% return. Over the past 10 years, SEMA.L has outperformed AGG with an annualized return of 10.44%, while AGG has yielded a comparatively lower 2.42% annualized return.
SEMA.L
- 1D
- -3.81%
- 1M
- -0.76%
- YTD
- 21.24%
- 6M
- 21.93%
- 1Y
- 46.61%
- 3Y*
- 19.04%
- 5Y*
- 7.74%
- 10Y*
- 10.44%
AGG
- 1D
- 0.13%
- 1M
- 1.49%
- YTD
- 0.92%
- 6M
- 0.04%
- 1Y
- 6.44%
- 3Y*
- 1.36%
- 5Y*
- 1.24%
- 10Y*
- 2.42%
SEMA.L vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEMA.L iShares MSCI EM UCITS ETF (Acc) | 21.24% | 25.09% | 9.38% | 3.47% | -10.74% | -1.60% | 14.69% | 12.62% | -9.25% | 24.43% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.92% | -0.44% | 3.08% | 0.37% | -2.68% | -0.84% | 4.32% | 4.33% | 6.03% | -5.40% |
Correlation
The correlation between SEMA.L and AGG is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2009 | 0.06 |
The correlation between SEMA.L and AGG shifts across timeframes, from -0.02 (5 years) to 0.10 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SEMA.L vs. AGG — Risk / Return Rank
SEMA.L
AGG
SEMA.L vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM UCITS ETF (Acc) (SEMA.L) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| SEMA.L | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.19 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.27 | 1.18 | +3.08 |
| Martin ratioReturn relative to average drawdown | 15.07 | 3.12 | +11.95 |
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
| SEMA.L | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 1.01 | +1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.14 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.25 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.51 | -0.42 |
Drawdowns
SEMA.L vs. AGG - Drawdown Comparison
The maximum SEMA.L drawdown since its inception was -46.27%, which is greater than AGG's maximum drawdown of -17.60%. Use the drawdown chart below to compare losses from any high point for SEMA.L and AGG.
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Drawdown Indicators
| SEMA.L | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.27% | -17.60% | -28.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -5.31% | -5.64% |
Max Drawdown (3Y)Largest decline over 3 years | -22.90% | -8.64% | -14.26% |
Max Drawdown (5Y)Largest decline over 5 years | -23.52% | -14.70% | -8.82% |
Max Drawdown (10Y)Largest decline over 10 years | -27.06% | -17.60% | -9.46% |
Current DrawdownCurrent decline from peak | -6.09% | -9.53% | +3.44% |
Average DrawdownAverage peak-to-trough decline | -19.64% | -7.11% | -12.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.01% | +1.10% |
Volatility
SEMA.L vs. AGG - Volatility Comparison
iShares MSCI EM UCITS ETF (Acc) (SEMA.L) has a higher volatility of 8.00% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.40%. This indicates that SEMA.L's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEMA.L | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.00% | 1.40% | +6.60% |
Volatility (6M)Calculated over the trailing 6-month period | 15.11% | 4.74% | +10.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.44% | 6.22% | +11.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.11% | 8.61% | +12.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.33% | 9.82% | +10.51% |
SEMA.L vs. AGG - Expense Ratio Comparison
SEMA.L has a 0.18% expense ratio, which is higher than AGG's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SEMA.L vs. AGG - Dividend Comparison
SEMA.L has not paid dividends to shareholders, while AGG's dividend yield for the trailing twelve months is around 4.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 4.00% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
SEMA.L iShares MSCI EM UCITS ETF (Acc) | 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
SEMA.L and AGG have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGG is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGG is cheaper with a 0.03% expense ratio, compared with 0.18% for SEMA.L.
SEMA.L is categorized as Emerging Markets Equities, while AGG is Total Bond Market. SEMA.L tracks MSCI EM NR USD, while AGG tracks Bloomberg U.S. Aggregate Bond Index. Their fees differ too: 0.18% for SEMA.L and 0.03% for AGG.
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