SEMB.L vs. SEMC.L
SEMB.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) and SEMC.L (UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 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 5 years, SEMB.L returned 4.65%/yr vs 4.04%/yr for SEMC.L. A 0.80 correlation means they provide meaningful diversification when combined. SEMB.L charges 0.45%/yr vs 0.42%/yr for SEMC.L.
Performance
SEMB.L vs. SEMC.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SEMB.L achieves a 2.75% return, which is significantly higher than SEMC.L's 2.30% 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%
SEMC.L
- 1D
- 0.03%
- 1M
- 1.31%
- YTD
- 2.30%
- 6M
- 2.17%
- 1Y
- 9.29%
- 3Y*
- 5.66%
- 5Y*
- 4.04%
- 10Y*
- —
SEMB.L vs. SEMC.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% | -0.83% |
SEMC.L UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis | 2.30% | 2.50% | 9.09% | 2.06% | 0.58% | 1.54% | -0.46% | 4.45% | 5.08% | -2.48% |
Correlation
The correlation between SEMB.L and SEMC.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2017 | 0.80 |
The correlation between SEMB.L and SEMC.L has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SEMB.L vs. SEMC.L — Risk / Return Rank
SEMB.L
SEMC.L
SEMB.L vs. SEMC.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) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis (SEMC.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 | SEMC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.29 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 2.69 | +1.28 |
| Martin ratioReturn relative to average drawdown | 12.19 | 7.88 | +4.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SEMB.L | SEMC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 1.61 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.53 | 0.00 |
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 | 0.35 | +0.47 |
Drawdowns
SEMB.L vs. SEMC.L - Drawdown Comparison
The maximum SEMB.L drawdown since its inception was -21.74%, which is greater than SEMC.L's maximum drawdown of -12.52%. Use the drawdown chart below to compare losses from any high point for SEMB.L and SEMC.L.
Loading charts...
Drawdown Indicators
| SEMB.L | SEMC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -12.52% | -9.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -3.43% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -7.69% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -13.70% | -11.89% | -1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -20.43% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.29% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -4.98% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.18% | +0.03% |
Volatility
SEMB.L vs. SEMC.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) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis (SEMC.L) at 1.50%. This indicates that SEMB.L's price experiences larger fluctuations and is considered to be riskier than SEMC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SEMB.L | SEMC.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% | 4.15% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 5.74% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.76% | 7.61% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 8.18% | +2.49% |
SEMB.L vs. SEMC.L - Expense Ratio Comparison
SEMB.L has a 0.45% expense ratio, which is higher than SEMC.L's 0.42% expense ratio.
Dividends
SEMB.L vs. SEMC.L - Dividend Comparison
SEMB.L's dividend yield for the trailing twelve months is around 7.83%, more than SEMC.L's 5.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SEMC.L UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis | 5.78% | 6.51% | 5.02% | 5.04% | 3.98% | 3.97% | 4.77% | 5.18% | 1.98% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SEMB.L and SEMC.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEMC.L is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEMC.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 SEMC.L.
Find the right allocation for SEMB.L and SEMC.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer