SEMB.L vs. EMGA.L
SEMB.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) and EMGA.L (iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc)) are both Emerging Markets Bonds funds from iShares - SEMB.L tracks the JPM EMBI Global Diversified TR USD while EMGA.L tracks the JPM GBI-EM Global Diversified TR USD. Both are passively managed. Over the past 5 years, SEMB.L returned 4.65%/yr vs 2.12%/yr for EMGA.L. At a 0.49 correlation, their price movements are largely independent. SEMB.L charges 0.45%/yr vs 0.50%/yr for EMGA.L.
Performance
SEMB.L vs. EMGA.L - Performance Comparison
Loading charts...
Different Trading Currencies
SEMB.L is traded in GBp, while EMGA.L is traded in USD. To make them comparable, the EMGA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SEMB.L achieves a 2.75% return, which is significantly higher than EMGA.L's 1.20% return.
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%
EMGA.L
- 1D
- -0.12%
- 1M
- 1.67%
- YTD
- 1.20%
- 6M
- 0.93%
- 1Y
- 9.97%
- 3Y*
- 4.35%
- 5Y*
- 2.12%
- 10Y*
- —
SEMB.L vs. EMGA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 4.63% |
EMGA.L iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc) | 1.20% | 9.83% | -1.04% | 6.07% | -0.36% | -9.65% | -1.15% | 7.46% | 1.33% |
Correlation
The correlation between SEMB.L and EMGA.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2018 | 0.49 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SEMB.L vs. EMGA.L — Risk / Return Rank
SEMB.L
EMGA.L
SEMB.L vs. EMGA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.L) and iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc) (EMGA.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.
| SEMB.L | EMGA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.26 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 2.16 | +1.82 |
| Martin ratioReturn relative to average drawdown | 12.19 | 6.33 | +5.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SEMB.L | EMGA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 1.38 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.25 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.15 | +0.67 |
Drawdowns
SEMB.L vs. EMGA.L - Drawdown Comparison
The maximum SEMB.L drawdown since its inception was -21.74%, roughly equal to the maximum EMGA.L drawdown of -21.52%. Use the drawdown chart below to compare losses from any high point for SEMB.L and EMGA.L.
Loading charts...
Drawdown Indicators
| SEMB.L | EMGA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -21.52% | -0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -4.60% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -4.60% | -4.09% |
Max Drawdown (5Y)Largest decline over 5 years | -13.70% | -11.30% | -2.40% |
Max Drawdown (10Y)Largest decline over 10 years | -20.43% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.67% | +2.67% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -10.33% | +5.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.57% | -0.36% |
Volatility
SEMB.L vs. EMGA.L - Volatility Comparison
The current volatility for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.L) is 1.77%, while iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc) (EMGA.L) has a volatility of 2.22%. This indicates that SEMB.L experiences smaller price fluctuations and is considered to be less risky than EMGA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SEMB.L | EMGA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 2.22% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 4.41% | 6.18% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 7.18% | -1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.76% | 8.45% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 10.12% | +0.55% |
SEMB.L vs. EMGA.L - Expense Ratio Comparison
SEMB.L has a 0.45% expense ratio, which is lower than EMGA.L's 0.50% expense ratio.
Dividends
SEMB.L vs. EMGA.L - Dividend Comparison
SEMB.L's dividend yield for the trailing twelve months is around 7.83%, while EMGA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMGA.L iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (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% |
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
SEMB.L and EMGA.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEMB.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEMB.L is cheaper with a 0.45% expense ratio, compared with 0.50% for EMGA.L.
SEMB.L tracks JPM EMBI Global Diversified TR USD, while EMGA.L tracks JPM GBI-EM Global Diversified TR USD. Their fees differ too: 0.45% for SEMB.L and 0.50% for EMGA.L.
Find the right allocation for SEMB.L and EMGA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer