SEMB.L vs. XQUA.L
SEMB.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) and XQUA.L (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) are both Emerging Markets Bonds funds tracking the JPM EMBI Global Diversified TR USD, from iShares and Xtrackers respectively. Both are passively managed. Over the past 10 years, SEMB.L returned 5.65%/yr vs 1.70%/yr for XQUA.L. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.45% expense ratio.
Performance
SEMB.L vs. XQUA.L - Performance Comparison
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Different Trading Currencies
SEMB.L is traded in GBp, while XQUA.L is traded in USD. To make them comparable, the XQUA.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 XQUA.L's 1.35% return. Over the past 10 years, SEMB.L has outperformed XQUA.L with an annualized return of 5.65%, while XQUA.L has yielded a comparatively lower 1.70% 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%
XQUA.L
- 1D
- 0.35%
- 1M
- 1.51%
- YTD
- 1.35%
- 6M
- 0.27%
- 1Y
- 9.13%
- 3Y*
- 2.60%
- 5Y*
- 0.97%
- 10Y*
- 1.70%
SEMB.L vs. XQUA.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% |
XQUA.L Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 1.35% | 2.93% | 1.34% | 2.14% | -7.98% | -0.52% | 3.82% | 5.83% | -1.05% | -4.50% |
Correlation
The correlation between SEMB.L and XQUA.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2016 | 0.81 |
The correlation between SEMB.L and XQUA.L has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
SEMB.L vs. XQUA.L — Risk / Return Rank
SEMB.L
XQUA.L
SEMB.L vs. XQUA.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 Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.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 | XQUA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.25 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 1.57 | +2.41 |
| Martin ratioReturn relative to average drawdown | 12.19 | 3.97 | +8.22 |
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 | XQUA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 1.38 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.11 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.16 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.15 | +0.67 |
Drawdowns
SEMB.L vs. XQUA.L - Drawdown Comparison
The maximum SEMB.L drawdown since its inception was -21.74%, which is greater than XQUA.L's maximum drawdown of -20.61%. Use the drawdown chart below to compare losses from any high point for SEMB.L and XQUA.L.
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Drawdown Indicators
| SEMB.L | XQUA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -20.61% | -1.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -5.80% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -8.41% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -13.70% | -15.01% | +1.31% |
Max Drawdown (10Y)Largest decline over 10 years | -20.43% | -20.61% | +0.18% |
Current DrawdownCurrent decline from peak | 0.00% | -5.45% | +5.45% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -9.02% | +4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 2.30% | -1.09% |
Volatility
SEMB.L vs. XQUA.L - Volatility Comparison
The current volatility for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.L) is 1.77%, while Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.L) has a volatility of 1.97%. This indicates that SEMB.L experiences smaller price fluctuations and is considered to be less risky than XQUA.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 | XQUA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.97% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.41% | 5.26% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 6.58% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.76% | 9.10% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 10.86% | -0.19% |
SEMB.L vs. XQUA.L - Expense Ratio Comparison
Both SEMB.L and XQUA.L have an expense ratio of 0.45%.
Dividends
SEMB.L vs. XQUA.L - Dividend Comparison
SEMB.L's dividend yield for the trailing twelve months is around 7.83%, more than XQUA.L's 4.61% 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% |
XQUA.L Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 4.61% | 4.49% | 4.61% | 4.24% | 6.92% | 4.08% | 4.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SEMB.L and XQUA.L have a correlation of 0.76, 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 XQUA.L have the same expense ratio: 0.45% per year.
Both ETFs track JPM EMBI Global Diversified TR USD. They also come from different issuers: iShares and Xtrackers.
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