SEML.L vs. 4COP.DE
SEML.L (iShares J.P. Morgan EM Local Government Bond UCITS ETF) and 4COP.DE (Global X Copper Miners UCITS ETF USD Accumulating) are both exchange-traded funds - SEML.L is a Emerging Markets Bonds fund tracking the JPM GBI-EM Global Diversified TR USD, while 4COP.DE is a Copper fund tracking the Solactive Global Copper Miners v2 Index. Both are passively managed. Over the past 3 years, SEML.L returned 5.07%/yr vs 27.79%/yr for 4COP.DE. At a 0.20 correlation, their price movements are largely independent. SEML.L charges 0.50%/yr vs 0.55%/yr for 4COP.DE.
Performance
SEML.L vs. 4COP.DE - Performance Comparison
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Different Trading Currencies
SEML.L is traded in GBP, while 4COP.DE is traded in EUR. To make them comparable, the 4COP.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SEML.L achieves a 2.60% return, which is significantly lower than 4COP.DE's 6.84% return.
SEML.L
- 1D
- 0.11%
- 1M
- 2.20%
- YTD
- 2.60%
- 6M
- 3.09%
- 1Y
- 10.92%
- 3Y*
- 5.07%
- 5Y*
- 2.44%
- 10Y*
- 2.51%
4COP.DE
- 1D
- -0.15%
- 1M
- -10.18%
- YTD
- 6.84%
- 6M
- 8.04%
- 1Y
- 90.24%
- 3Y*
- 27.79%
- 5Y*
- —
- 10Y*
- —
SEML.L vs. 4COP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | 2.60% | 10.31% | -1.19% | 5.42% | -0.23% | 0.66% |
4COP.DE Global X Copper Miners UCITS ETF USD Accumulating | 6.84% | 82.68% | 4.59% | 2.84% | 12.60% | 1.05% |
Correlation
The correlation between SEML.L and 4COP.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2021 | 0.20 |
The correlation between SEML.L and 4COP.DE shifts across timeframes, from 0.20 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SEML.L vs. 4COP.DE — Risk / Return Rank
SEML.L
4COP.DE
SEML.L vs. 4COP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan EM Local Government Bond UCITS ETF (SEML.L) and Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SEML.L | 4COP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 3.40 | -1.12 |
| Martin ratioReturn relative to average drawdown | 6.51 | 10.17 | -3.66 |
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Drawdowns
SEML.L vs. 4COP.DE - Drawdown Comparison
The maximum SEML.L drawdown since its inception was -46.67%, which is greater than 4COP.DE's maximum drawdown of -39.19%. Use the drawdown chart below to compare losses from any high point for SEML.L and 4COP.DE.
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Drawdown Indicators
| SEML.L | 4COP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.67% | -39.19% | -7.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.78% | -26.54% | +21.76% |
Max Drawdown (3Y)Largest decline over 3 years | -4.78% | -39.19% | +34.41% |
Max Drawdown (5Y)Largest decline over 5 years | -11.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.24% | — | — |
Current DrawdownCurrent decline from peak | -11.17% | -18.75% | +7.58% |
Average DrawdownAverage peak-to-trough decline | -26.76% | -13.59% | -13.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 8.87% | -7.20% |
Volatility
SEML.L vs. 4COP.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan EM Local Government Bond UCITS ETF (SEML.L) is 1.56%, while Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) has a volatility of 15.56%. This indicates that SEML.L experiences smaller price fluctuations and is considered to be less risky than 4COP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEML.L | 4COP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 15.56% | -14.00% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 35.00% | -30.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.73% | 40.71% | -34.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.46% | 32.76% | -25.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.35% | 32.76% | -23.41% |
SEML.L vs. 4COP.DE - Expense Ratio Comparison
SEML.L has a 0.50% expense ratio, which is lower than 4COP.DE's 0.55% expense ratio.
Dividends
SEML.L vs. 4COP.DE - Dividend Comparison
SEML.L's dividend yield for the trailing twelve months is around 6.74%, while 4COP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
4COP.DE Global X Copper Miners UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | 6.74% | 5.44% | 5.56% | 5.05% | 5.25% | 4.58% | 5.13% | 5.44% | 7.30% | 6.75% | 6.78% | 5.18% |
Frequently Asked Questions
SEML.L and 4COP.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEML.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEML.L is cheaper with a 0.50% expense ratio, compared with 0.55% for 4COP.DE.
SEML.L is categorized as Emerging Markets Bonds, while 4COP.DE is Copper. SEML.L tracks JPM GBI-EM Global Diversified TR USD, while 4COP.DE tracks Solactive Global Copper Miners v2 Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.50% for SEML.L and 0.55% for 4COP.DE.
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