SEMB.L vs. SBEM.L
SEMB.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) and SBEM.L (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis) are both Emerging Markets Bonds funds tracking the JPM EMBI Global Diversified TR USD, from iShares and UBS respectively. Both are passively managed. Over the past 10 years, SEMB.L returned 5.65%/yr vs 4.55%/yr for SBEM.L. Their correlation of 0.94 suggests significant overlap in exposure. SEMB.L charges 0.45%/yr vs 0.42%/yr for SBEM.L.
Performance
SEMB.L vs. SBEM.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 higher than SBEM.L's 2.48% return. Over the past 10 years, SEMB.L has outperformed SBEM.L with an annualized return of 5.65%, while SBEM.L has yielded a comparatively lower 4.55% 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%
SBEM.L
- 1D
- 0.23%
- 1M
- 2.35%
- YTD
- 2.48%
- 6M
- 2.78%
- 1Y
- 14.55%
- 3Y*
- 8.68%
- 5Y*
- 3.47%
- 10Y*
- 4.55%
SEMB.L vs. SBEM.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% |
SBEM.L UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis | 2.48% | 7.42% | 9.46% | 5.94% | -10.24% | -1.29% | 1.28% | 10.91% | 1.42% | 0.47% |
Correlation
The correlation between SEMB.L and SBEM.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2016 | 0.94 |
The correlation between SEMB.L and SBEM.L has been stable across timeframes, ranging from 0.86 to 0.95 - a consistent structural relationship.
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Return for Risk
SEMB.L vs. SBEM.L — Risk / Return Rank
SEMB.L
SBEM.L
SEMB.L vs. SBEM.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 UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis (SBEM.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 | SBEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 4.10 | -0.13 |
| Martin ratioReturn relative to average drawdown | 12.19 | 11.84 | +0.34 |
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 | SBEM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 2.24 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.39 | +0.14 |
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 | 0.48 | +0.34 |
Drawdowns
SEMB.L vs. SBEM.L - Drawdown Comparison
The maximum SEMB.L drawdown since its inception was -21.74%, roughly equal to the maximum SBEM.L drawdown of -21.61%. Use the drawdown chart below to compare losses from any high point for SEMB.L and SBEM.L.
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Drawdown Indicators
| SEMB.L | SBEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -21.61% | -0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -3.53% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -9.79% | +1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -13.70% | -17.20% | +3.50% |
Max Drawdown (10Y)Largest decline over 10 years | -20.43% | -21.61% | +1.18% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -7.26% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.23% | -0.02% |
Volatility
SEMB.L vs. SBEM.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 UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis (SBEM.L) at 1.66%. This indicates that SEMB.L's price experiences larger fluctuations and is considered to be riskier than SBEM.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 | SBEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.66% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.41% | 4.58% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 6.47% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.76% | 8.85% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 10.88% | -0.21% |
SEMB.L vs. SBEM.L - Expense Ratio Comparison
SEMB.L has a 0.45% expense ratio, which is higher than SBEM.L's 0.42% expense ratio.
Dividends
SEMB.L vs. SBEM.L - Dividend Comparison
SEMB.L's dividend yield for the trailing twelve months is around 7.83%, more than SBEM.L's 6.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBEM.L UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis | 6.53% | 7.69% | 6.28% | 6.49% | 5.72% | 4.35% | 4.92% | 4.83% | 4.47% | 4.84% | 2.27% | 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 SBEM.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SBEM.L is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SBEM.L is cheaper with a 0.42% expense ratio, compared with 0.45% for SEMB.L.
Both ETFs track JPM EMBI Global Diversified TR USD. They also come from different issuers: iShares and UBS. Their fees differ too: 0.45% for SEMB.L and 0.42% for SBEM.L.
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