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SEMB.L vs. QYLP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SEMB.L vs. QYLP.L

Last updated Jun 5, 2026

SEMB.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) and QYLP.L (Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP) are both exchange-traded funds - SEMB.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD, while QYLP.L is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite Index. Both are passively managed. Over the past 3 years, SEMB.L returned 8.83%/yr vs 6.77%/yr for QYLP.L. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.45% expense ratio.

Performance

SEMB.L vs. QYLP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.L) and Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SEMB.L is traded in GBp, while QYLP.L is traded in GBP. To make them comparable, the QYLP.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 lower than QYLP.L's 4.67% 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%

QYLP.L

1D
-0.91%
1M
2.04%
YTD
4.67%
6M
5.64%
1Y
17.92%
3Y*
6.77%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SEMB.L vs. QYLP.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
SEMB.L
iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)		2.75%8.06%9.19%6.03%0.30%
QYLP.L
Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP		4.67%-4.48%21.40%14.93%-18.74%

Correlation

The correlation between SEMB.L and QYLP.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.43

Correlation (3Y)
Calculated over the trailing 3-year period

0.37

Correlation (All Time)
Calculated using the full available price history since Nov 23, 2022

0.38

Compare stocks, funds, or ETFs

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iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)

Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP

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SEMB.L vs. EMBE.LSEMB.L vs. SEML.LSEMB.L vs. EMBSEMB.L vs. VHYG.LSEMB.L vs. SPHYSEMB.L vs. 3199.HKSEMB.L vs. VEMT.L
Often compared with QYLP.L:
QYLP.L vs. QYLDQYLP.L vs. JEQP.LQYLP.L vs. TDGB.LQYLP.L vs. IUKD.LQYLP.L vs. JEGP.LQYLP.L vs. WINC.ASQYLP.L vs. VUKG.L

Return for Risk

SEMB.L vs. QYLP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SEMB.L
SEMB.L Risk / Return Rank: 7777
Overall Rank
SEMB.L Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
SEMB.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
SEMB.L Omega Ratio Rank: 7676
Omega Ratio Rank
SEMB.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
SEMB.L Martin Ratio Rank: 6767
Martin Ratio Rank
QYLP.L
QYLP.L Risk / Return Rank: 7171
Overall Rank
QYLP.L Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
QYLP.L Sortino Ratio Rank: 6767
Sortino Ratio Rank
QYLP.L Omega Ratio Rank: 6565
Omega Ratio Rank
QYLP.L Calmar Ratio Rank: 8686
Calmar Ratio Rank
QYLP.L Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SEMB.L vs. QYLP.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 Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.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.LQYLP.LDifference
Sharpe ratioReturn per unit of total volatility
2.46
2.09

+0.38

Sortino ratioReturn per unit of downside risk
3.69
3.03

+0.65

Omega ratioGain probability vs. loss probability

1.44

1.38

+0.06

Calmar ratioReturn relative to maximum drawdown

3.98

4.76

-0.78

Martin ratioReturn relative to average drawdown

12.19

14.09

-1.91

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEMB.L vs. QYLP.L - Sharpe Ratio Comparison

The current SEMB.L Sharpe Ratio is 2.46, which is comparable to the QYLP.L Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of SEMB.L and QYLP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SEMB.LQYLP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

2.09

+0.38

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

—

—

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

0.24

+0.58

Drawdowns

SEMB.L vs. QYLP.L - Drawdown Comparison

The maximum SEMB.L drawdown since its inception was -21.74%, roughly equal to the maximum QYLP.L drawdown of -22.40%. Use the drawdown chart below to compare losses from any high point for SEMB.L and QYLP.L.

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Drawdown Indicators

SEMB.LQYLP.LDifference

Max Drawdown

Largest peak-to-trough decline

-21.74%

-22.40%

+0.66%

Max Drawdown (1Y)

Largest decline over 1 year

-3.69%

-3.75%

+0.06%

Max Drawdown (3Y)

Largest decline over 3 years

-8.69%

-22.40%

+13.71%

Max Drawdown (5Y)

Largest decline over 5 years

-13.70%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-20.43%

—

—

Current Drawdown

Current decline from peak

0.00%

-4.65%

+4.65%

Average Drawdown

Average peak-to-trough decline

-4.52%

-8.64%

+4.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.21%

1.27%

-0.06%

Volatility

SEMB.L vs. QYLP.L - Volatility Comparison

The current volatility for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.L) is 1.77%, while Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) has a volatility of 2.76%. This indicates that SEMB.L experiences smaller price fluctuations and is considered to be less risky than QYLP.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.LQYLP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.77%

2.76%

-0.99%

Volatility (6M)

Calculated over the trailing 6-month period

4.41%

6.58%

-2.17%

Volatility (1Y)

Calculated over the trailing 1-year period

5.96%

8.55%

-2.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.76%

15.11%

-6.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.67%

15.11%

-4.44%

SEMB.L vs. QYLP.L - Expense Ratio Comparison

Both SEMB.L and QYLP.L have an expense ratio of 0.45%.

Dividends

SEMB.L vs. QYLP.L - Dividend Comparison

SEMB.L's dividend yield for the trailing twelve months is around 7.83%, more than QYLP.L's 7.74% yield.

PositionTTM20252024202320222021202020192018201720162015
QYLP.L
Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP		7.74%8.93%8.31%9.56%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 QYLP.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

SEMB.L and QYLP.L have the same expense ratio: 0.45% per year.

SEMB.L is categorized as Emerging Markets Bonds, while QYLP.L is Nasdaq-100. SEMB.L tracks JPM EMBI Global Diversified TR USD, while QYLP.L tracks Cboe Nasdaq-100 BuyWrite Index. They also come from different issuers: iShares and Global X.

Portfolio Optimizer

Find the right allocation for SEMB.L and QYLP.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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