SEMB.L vs. EMLP.L
SEMB.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) and EMLP.L (PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc) are both Emerging Markets Bonds funds - SEMB.L tracks the JPM EMBI Global Diversified TR USD while EMLP.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 3.99%/yr for EMLP.L. A 0.67 correlation means they provide meaningful diversification when combined. SEMB.L charges 0.45%/yr vs 0.61%/yr for EMLP.L.
Performance
SEMB.L vs. EMLP.L - Performance Comparison
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Different Trading Currencies
SEMB.L is traded in GBp, while EMLP.L is traded in GBP. To make them comparable, the EMLP.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 EMLP.L's 1.51% return. Over the past 10 years, SEMB.L has outperformed EMLP.L with an annualized return of 5.65%, while EMLP.L has yielded a comparatively lower 3.99% 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%
EMLP.L
- 1D
- -0.16%
- 1M
- 0.73%
- YTD
- 1.51%
- 6M
- 1.14%
- 1Y
- 9.68%
- 3Y*
- 3.69%
- 5Y*
- 4.40%
- 10Y*
- 3.99%
SEMB.L vs. EMLP.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% |
EMLP.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc | 1.51% | 9.10% | -1.68% | 7.52% | 5.55% | -4.33% | -1.55% | 9.55% | -1.46% | 2.43% |
Correlation
The correlation between SEMB.L and EMLP.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2013 | 0.67 |
The correlation between SEMB.L and EMLP.L shifts across timeframes, from 0.55 (5 years) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SEMB.L vs. EMLP.L — Risk / Return Rank
SEMB.L
EMLP.L
SEMB.L vs. EMLP.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 Acc (EMLP.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 | EMLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.32 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 2.25 | +1.73 |
| Martin ratioReturn relative to average drawdown | 12.19 | 6.49 | +5.70 |
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 | EMLP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 1.79 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.54 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.42 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.33 | +0.49 |
Drawdowns
SEMB.L vs. EMLP.L - Drawdown Comparison
The maximum SEMB.L drawdown since its inception was -21.74%, which is greater than EMLP.L's maximum drawdown of -20.02%. Use the drawdown chart below to compare losses from any high point for SEMB.L and EMLP.L.
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Drawdown Indicators
| SEMB.L | EMLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -20.02% | -1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -4.29% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -4.90% | -3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -13.70% | -11.25% | -2.45% |
Max Drawdown (10Y)Largest decline over 10 years | -20.43% | -19.12% | -1.31% |
Current DrawdownCurrent decline from peak | 0.00% | -2.33% | +2.33% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -6.09% | +1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.49% | -0.28% |
Volatility
SEMB.L vs. EMLP.L - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.L) has a higher volatility of 1.77% compared to PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc (EMLP.L) at 1.50%. This indicates that SEMB.L's price experiences larger fluctuations and is considered to be riskier than EMLP.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 | EMLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.50% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 4.41% | 4.23% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 5.40% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.76% | 8.09% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 9.52% | +1.15% |
SEMB.L vs. EMLP.L - Expense Ratio Comparison
SEMB.L has a 0.45% expense ratio, which is lower than EMLP.L's 0.61% expense ratio.
Dividends
SEMB.L vs. EMLP.L - Dividend Comparison
SEMB.L's dividend yield for the trailing twelve months is around 7.83%, while EMLP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLP.L PIMCO Emerging Markets Advantage Local Bond Index 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 EMLP.L have a correlation of 0.56, 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 EMLP.L.
SEMB.L tracks JPM EMBI Global Diversified TR USD, while EMLP.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 EMLP.L.
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