SEML.L vs. EUN5.DE
SEML.L (iShares J.P. Morgan EM Local Government Bond UCITS ETF) and EUN5.DE (iShares Core EUR Corporate Bond UCITS ETF (Dist)) are both exchange-traded funds - SEML.L is a Emerging Markets Bonds fund tracking the JPM GBI-EM Global Diversified TR USD, while EUN5.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond. Both are passively managed. Over the past 10 years, SEML.L returned 1.79%/yr vs 0.74%/yr for EUN5.DE. At a 0.41 correlation, their price movements are largely independent. SEML.L charges 0.50%/yr vs 0.20%/yr for EUN5.DE.
Performance
SEML.L vs. EUN5.DE - Performance Comparison
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Different Trading Currencies
SEML.L is traded in GBP, while EUN5.DE is traded in EUR. To make them comparable, the EUN5.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 0.87% return, which is significantly higher than EUN5.DE's -3.74% return. Over the past 10 years, SEML.L has outperformed EUN5.DE with an annualized return of 1.79%, while EUN5.DE has yielded a comparatively lower 0.74% annualized return.
SEML.L
- 1D
- 0.09%
- 1M
- -1.91%
- 6M
- 0.10%
- YTD
- 0.87%
- 1Y
- 6.67%
- 3Y*
- 4.46%
- 5Y*
- 2.11%
- 10Y*
- 1.79%
EUN5.DE
- 1D
- 0.16%
- 1M
- -2.41%
- 6M
- -1.87%
- YTD
- -3.74%
- 1Y
- -2.18%
- 3Y*
- 3.24%
- 5Y*
- -0.61%
- 10Y*
- 0.74%
SEML.L vs. EUN5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | 0.87% | 10.31% | -1.20% | 5.42% | -0.23% | -9.48% | -1.55% | 8.21% | 0.03% | 4.91% |
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | -3.74% | 8.38% | -0.17% | 5.35% | -8.65% | -8.03% | 8.36% | 0.77% | -0.07% | 6.51% |
Correlation
The correlation between SEML.L and EUN5.DE 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 | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2011 | 0.41 |
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Return for Risk
SEML.L vs. EUN5.DE — Risk / Return Rank
SEML.L
EUN5.DE
SEML.L vs. EUN5.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 iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.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 | EUN5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.94 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | -0.37 | +1.76 |
| Martin ratioReturn relative to average drawdown | 3.87 | -0.76 | +4.64 |
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Drawdowns
SEML.L vs. EUN5.DE - Drawdown Comparison
The maximum SEML.L drawdown since its inception was -46.67%, which is greater than EUN5.DE's maximum drawdown of -21.39%. Use the drawdown chart below to compare losses from any high point for SEML.L and EUN5.DE.
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Drawdown Indicators
| SEML.L | EUN5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.67% | -21.39% | -25.28% |
Max Drawdown (1Y)Largest decline over 1 year | -4.78% | -5.41% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -4.78% | -5.41% | +0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -11.11% | -16.80% | +5.69% |
Max Drawdown (10Y)Largest decline over 10 years | -21.24% | -21.39% | +0.15% |
Current DrawdownCurrent decline from peak | -12.68% | -9.21% | -3.47% |
Average DrawdownAverage peak-to-trough decline | -26.70% | -7.78% | -18.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 2.64% | -0.92% |
Volatility
SEML.L vs. EUN5.DE - Volatility Comparison
iShares J.P. Morgan EM Local Government Bond UCITS ETF (SEML.L) has a higher volatility of 1.36% compared to iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.DE) at 1.28%. This indicates that SEML.L's price experiences larger fluctuations and is considered to be riskier than EUN5.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 | EUN5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.28% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.59% | 3.81% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.73% | 5.09% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.47% | 6.25% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.26% | 7.18% | +2.08% |
SEML.L vs. EUN5.DE - Expense Ratio Comparison
SEML.L has a 0.50% expense ratio, which is higher than EUN5.DE's 0.20% expense ratio.
Dividends
SEML.L vs. EUN5.DE - Dividend Comparison
SEML.L's dividend yield for the trailing twelve months is around 5.65%, more than EUN5.DE's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 1.65% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | 5.65% | 5.44% | 5.55% | 5.05% | 5.25% | 4.58% | 5.13% | 5.44% | 7.30% | 6.75% | 6.78% | 5.18% |
Frequently Asked Questions
SEML.L and EUN5.DE 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.
On fees, EUN5.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN5.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for SEML.L.
SEML.L is categorized as Emerging Markets Bonds, while EUN5.DE is European Corporate Bonds. SEML.L tracks JPM GBI-EM Global Diversified TR USD, while EUN5.DE tracks Bloomberg Euro Corporate Bond. Their fees differ too: 0.50% for SEML.L and 0.20% for EUN5.DE.
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