SEMB.L vs. EMLI.L
SEMB.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) and EMLI.L (PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist) are both Emerging Markets Bonds funds - SEMB.L tracks the JPM EMBI Global Diversified TR USD while EMLI.L tracks the JPM GBI-EM Global Diversified TR USD. Both are passively managed. Over the past 10 years, SEMB.L returned 5.65%/yr vs 4.00%/yr for EMLI.L. A 0.53 correlation means they provide meaningful diversification when combined. SEMB.L charges 0.45%/yr vs 0.61%/yr for EMLI.L.
Performance
SEMB.L vs. EMLI.L - Performance Comparison
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Different Trading Currencies
SEMB.L is traded in GBp, while EMLI.L is traded in USD. To make them comparable, the EMLI.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 EMLI.L's 2.05% return. Over the past 10 years, SEMB.L has outperformed EMLI.L with an annualized return of 5.65%, while EMLI.L has yielded a comparatively lower 4.00% 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%
EMLI.L
- 1D
- -0.27%
- 1M
- 0.51%
- YTD
- 2.05%
- 6M
- 0.93%
- 1Y
- 9.41%
- 3Y*
- 3.71%
- 5Y*
- 4.41%
- 10Y*
- 4.00%
SEMB.L vs. EMLI.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% |
EMLI.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist | 2.05% | 8.31% | -1.55% | 8.00% | 5.61% | -4.62% | -1.08% | 8.74% | -1.37% | 2.85% |
Correlation
The correlation between SEMB.L and EMLI.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014 | 0.53 |
The correlation between SEMB.L and EMLI.L has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
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Return for Risk
SEMB.L vs. EMLI.L — Risk / Return Rank
SEMB.L
EMLI.L
SEMB.L vs. EMLI.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 PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist (EMLI.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 | EMLI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.24 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 2.10 | +1.88 |
| Martin ratioReturn relative to average drawdown | 12.19 | 6.03 | +6.16 |
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 | EMLI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 1.32 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.43 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.36 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.35 | +0.47 |
Drawdowns
SEMB.L vs. EMLI.L - Drawdown Comparison
The maximum SEMB.L drawdown since its inception was -21.74%, which is greater than EMLI.L's maximum drawdown of -20.70%. Use the drawdown chart below to compare losses from any high point for SEMB.L and EMLI.L.
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Drawdown Indicators
| SEMB.L | EMLI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -20.70% | -1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -4.47% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -4.66% | -4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -13.70% | -12.78% | -0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -20.43% | -20.70% | +0.27% |
Current DrawdownCurrent decline from peak | 0.00% | -2.34% | +2.34% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -5.87% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.56% | -0.35% |
Volatility
SEMB.L vs. EMLI.L - Volatility Comparison
The current volatility for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.L) is 1.77%, while PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist (EMLI.L) has a volatility of 2.06%. This indicates that SEMB.L experiences smaller price fluctuations and is considered to be less risky than EMLI.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 | EMLI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 2.06% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.41% | 5.98% | -1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 7.12% | -1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.76% | 10.22% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 11.02% | -0.35% |
SEMB.L vs. EMLI.L - Expense Ratio Comparison
SEMB.L has a 0.45% expense ratio, which is lower than EMLI.L's 0.61% expense ratio.
Dividends
SEMB.L vs. EMLI.L - Dividend Comparison
SEMB.L's dividend yield for the trailing twelve months is around 7.83%, more than EMLI.L's 6.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLI.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist | 6.55% | 5.81% | 6.33% | 5.70% | 5.21% | 4.50% | 3.68% | 5.24% | 5.83% | 5.76% | 6.69% | 7.09% |
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 EMLI.L have a correlation of 0.44, 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 0.61% for EMLI.L.
SEMB.L tracks JPM EMBI Global Diversified TR USD, while EMLI.L tracks JPM GBI-EM Global Diversified TR USD. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.45% for SEMB.L and 0.61% for EMLI.L.
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