SEMB.L vs. EMIM.L
SEMB.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - SEMB.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD, while EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 10 years, SEMB.L returned 5.65%/yr vs 11.09%/yr for EMIM.L. At a 0.41 correlation, their price movements are largely independent. SEMB.L charges 0.45%/yr vs 0.18%/yr for EMIM.L.
Performance
SEMB.L vs. EMIM.L - Performance Comparison
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Returns By Period
In the year-to-date period, SEMB.L achieves a 2.75% return, which is significantly lower than EMIM.L's 24.23% return. Over the past 10 years, SEMB.L has underperformed EMIM.L with an annualized return of 5.65%, while EMIM.L has yielded a comparatively higher 11.09% annualized 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%
EMIM.L
- 1D
- -1.35%
- 1M
- 5.54%
- YTD
- 24.23%
- 6M
- 26.48%
- 1Y
- 50.85%
- 3Y*
- 20.15%
- 5Y*
- 8.76%
- 10Y*
- 11.09%
SEMB.L vs. EMIM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.23% | 23.35% | 9.18% | 4.93% | -10.17% | 0.74% | 14.91% | 12.69% | -9.32% | 24.72% |
Correlation
The correlation between SEMB.L and EMIM.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2014 | 0.41 |
Over the past year, the correlation between SEMB.L and EMIM.L has dropped to 0.17 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
SEMB.L vs. EMIM.L — Risk / Return Rank
SEMB.L
EMIM.L
SEMB.L vs. EMIM.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 Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.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 | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.57 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 4.63 | -0.65 |
| Martin ratioReturn relative to average drawdown | 12.19 | 16.57 | -4.38 |
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
| SEMB.L | EMIM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 3.04 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.55 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.62 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.49 | +0.33 |
Drawdowns
SEMB.L vs. EMIM.L - Drawdown Comparison
The maximum SEMB.L drawdown since its inception was -21.74%, smaller than the maximum EMIM.L drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for SEMB.L and EMIM.L.
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Drawdown Indicators
| SEMB.L | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -31.70% | +9.96% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -10.92% | +7.23% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -15.56% | +6.87% |
Max Drawdown (5Y)Largest decline over 5 years | -13.70% | -21.98% | +8.28% |
Max Drawdown (10Y)Largest decline over 10 years | -20.43% | -26.46% | +6.03% |
Current DrawdownCurrent decline from peak | 0.00% | -2.39% | +2.39% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -8.71% | +4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 3.06% | -1.85% |
Volatility
SEMB.L vs. EMIM.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 Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 7.03%. This indicates that SEMB.L experiences smaller price fluctuations and is considered to be less risky than EMIM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEMB.L | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 7.03% | -5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 4.41% | 14.14% | -9.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 16.67% | -10.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.76% | 15.82% | -7.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 17.81% | -7.14% |
SEMB.L vs. EMIM.L - Expense Ratio Comparison
SEMB.L has a 0.45% expense ratio, which is higher than EMIM.L's 0.18% expense ratio.
Dividends
SEMB.L vs. EMIM.L - Dividend Comparison
SEMB.L's dividend yield for the trailing twelve months is around 7.83%, while EMIM.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMIM.L iShares Core MSCI Emerging Markets IMI 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% |
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 EMIM.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMIM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIM.L is cheaper with a 0.18% expense ratio, compared with 0.45% for SEMB.L.
SEMB.L is categorized as Emerging Markets Bonds, while EMIM.L is Emerging Markets Equities. SEMB.L tracks JPM EMBI Global Diversified TR USD, while EMIM.L tracks MSCI EM NR USD. Their fees differ too: 0.45% for SEMB.L and 0.18% for EMIM.L.
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