SEMA.L vs. LDME.L
SEMA.L (iShares MSCI EM UCITS ETF (Acc)) and LDME.L (L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis) are both Emerging Markets Equities funds - SEMA.L tracks the MSCI EM NR USD while LDME.L tracks the L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis. Both are passively managed. Over the past 5 years, SEMA.L returned 7.34%/yr vs 9.79%/yr for LDME.L. A 0.80 correlation means they provide meaningful diversification when combined. SEMA.L charges 0.18%/yr vs 0.45%/yr for LDME.L.
Performance
SEMA.L vs. LDME.L - Performance Comparison
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Returns By Period
In the year-to-date period, SEMA.L achieves a 18.10% return, which is significantly higher than LDME.L's 11.81% return.
SEMA.L
- 1D
- -1.27%
- 1M
- -6.92%
- 6M
- 10.77%
- YTD
- 18.10%
- 1Y
- 34.95%
- 3Y*
- 18.63%
- 5Y*
- 7.34%
- 10Y*
- 8.66%
LDME.L
- 1D
- -1.07%
- 1M
- -3.32%
- 6M
- 6.72%
- YTD
- 11.81%
- 1Y
- 22.65%
- 3Y*
- 16.06%
- 5Y*
- 9.79%
- 10Y*
- —
SEMA.L vs. LDME.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SEMA.L iShares MSCI EM UCITS ETF (Acc) | 18.10% | 25.09% | 9.38% | 3.47% | -10.74% | -3.42% |
LDME.L L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis | 11.81% | 16.54% | 11.33% | 10.64% | -2.34% | 7,358.59% |
Correlation
The correlation between SEMA.L and LDME.L is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021 | 0.80 |
The correlation between SEMA.L and LDME.L has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.
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Return for Risk
SEMA.L vs. LDME.L — Risk / Return Rank
SEMA.L
LDME.L
SEMA.L vs. LDME.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM UCITS ETF (Acc) (SEMA.L) and L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis (LDME.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.
| SEMA.L | LDME.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 3.50 | -0.33 |
| Martin ratioReturn relative to average drawdown | 9.33 | 9.32 | +0.01 |
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Drawdowns
SEMA.L vs. LDME.L - Drawdown Comparison
The maximum SEMA.L drawdown since its inception was -46.27%, which is greater than LDME.L's maximum drawdown of -14.82%. Use the drawdown chart below to compare losses from any high point for SEMA.L and LDME.L.
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Drawdown Indicators
| SEMA.L | LDME.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.27% | -14.82% | -31.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -6.44% | -4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -22.90% | -14.82% | -8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -22.90% | -14.82% | -8.08% |
Max Drawdown (10Y)Largest decline over 10 years | -27.06% | — | — |
Current DrawdownCurrent decline from peak | -10.75% | -5.41% | -5.34% |
Average DrawdownAverage peak-to-trough decline | -19.54% | -3.24% | -16.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 2.43% | +1.31% |
Volatility
SEMA.L vs. LDME.L - Volatility Comparison
iShares MSCI EM UCITS ETF (Acc) (SEMA.L) has a higher volatility of 8.95% compared to L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis (LDME.L) at 4.00%. This indicates that SEMA.L's price experiences larger fluctuations and is considered to be riskier than LDME.L 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 | LDME.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.95% | 4.00% | +4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 17.71% | 9.78% | +7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.77% | 12.13% | +7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.53% | 12.65% | +8.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.49% | 3,216.41% | -3,195.92% |
SEMA.L vs. LDME.L - Expense Ratio Comparison
SEMA.L has a 0.18% expense ratio, which is lower than LDME.L's 0.45% expense ratio.
Dividends
SEMA.L vs. LDME.L - Dividend Comparison
SEMA.L has not paid dividends to shareholders, while LDME.L's dividend yield for the trailing twelve months is around 2.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
LDME.L L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis | 2.86% | 3.04% | 3.67% | 3.56% | 4.57% | 1.55% |
SEMA.L iShares MSCI EM UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SEMA.L and LDME.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEMA.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEMA.L is cheaper with a 0.18% expense ratio, compared with 0.45% for LDME.L.
SEMA.L tracks MSCI EM NR USD, while LDME.L tracks L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis. They also come from different issuers: iShares and L&G. Their fees differ too: 0.18% for SEMA.L and 0.45% for LDME.L.
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