SEML.L vs. EUNZ.DE
SEML.L (iShares J.P. Morgan EM Local Government Bond UCITS ETF) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both exchange-traded funds - SEML.L is a Emerging Markets Bonds fund tracking the JPM GBI-EM Global Diversified TR USD, while EUNZ.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 10 years, SEML.L returned -2.50%/yr vs 7.23%/yr for EUNZ.DE. A 0.54 correlation means they provide meaningful diversification when combined. SEML.L charges 0.50%/yr vs 0.40%/yr for EUNZ.DE.
Performance
SEML.L vs. EUNZ.DE - Performance Comparison
Loading charts...
Different Trading Currencies
SEML.L is traded in GBP, while EUNZ.DE is traded in EUR. To make them comparable, the EUNZ.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 -3.02% return, which is significantly lower than EUNZ.DE's 17.76% return. Over the past 10 years, SEML.L has underperformed EUNZ.DE with an annualized return of -2.50%, while EUNZ.DE has yielded a comparatively higher 7.23% annualized return.
SEML.L
- 1D
- 0.15%
- 1M
- 1.66%
- YTD
- -3.02%
- 6M
- -2.77%
- 1Y
- 2.87%
- 3Y*
- -1.63%
- 5Y*
- -3.37%
- 10Y*
- -2.50%
EUNZ.DE
- 1D
- -1.07%
- 1M
- 5.40%
- YTD
- 17.76%
- 6M
- 17.22%
- 1Y
- 25.90%
- 3Y*
- 11.24%
- 5Y*
- 6.63%
- 10Y*
- 7.23%
SEML.L vs. EUNZ.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 | -3.02% | 4.32% | -6.40% | 0.23% | -5.32% | -13.17% | -6.26% | 2.59% | -6.78% | -1.81% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 17.76% | 5.04% | 10.69% | 1.78% | -3.86% | 5.08% | 3.01% | 4.83% | -0.51% | 16.15% |
Correlation
The correlation between SEML.L and EUNZ.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2013 | 0.54 |
The correlation between SEML.L and EUNZ.DE shifts across timeframes, from 0.35 (3 years) to 0.54 (all time), reflecting how their relationship changes across market environments.
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
SEML.L vs. EUNZ.DE — Risk / Return Rank
SEML.L
EUNZ.DE
SEML.L vs. EUNZ.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 Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.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.
| SEML.L | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.42 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 3.22 | -2.71 |
| Martin ratioReturn relative to average drawdown | 1.16 | 10.90 | -9.73 |
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
| SEML.L | EUNZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 2.17 | -1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.58 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | 0.53 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | 0.36 | -0.66 |
Drawdowns
SEML.L vs. EUNZ.DE - Drawdown Comparison
The maximum SEML.L drawdown since its inception was -66.68%, which is greater than EUNZ.DE's maximum drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for SEML.L and EUNZ.DE.
Loading charts...
Drawdown Indicators
| SEML.L | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.68% | -28.49% | -38.19% |
Max Drawdown (1Y)Largest decline over 1 year | -5.65% | -8.01% | +2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -9.95% | -11.91% | +1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -11.91% | -8.20% |
Max Drawdown (10Y)Largest decline over 10 years | -39.61% | -22.56% | -17.05% |
Current DrawdownCurrent decline from peak | -65.00% | -1.76% | -63.24% |
Average DrawdownAverage peak-to-trough decline | -54.41% | -6.00% | -48.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 2.37% | +0.09% |
Volatility
SEML.L vs. EUNZ.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan EM Local Government Bond UCITS ETF (SEML.L) is 1.79%, while iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) has a volatility of 4.71%. This indicates that SEML.L experiences smaller price fluctuations and is considered to be less risky than EUNZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SEML.L | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 4.71% | -2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 5.19% | 10.28% | -5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.73% | 11.87% | -5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.32% | 11.25% | -2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.11% | 13.56% | -3.45% |
SEML.L vs. EUNZ.DE - Expense Ratio Comparison
SEML.L has a 0.50% expense ratio, which is higher than EUNZ.DE's 0.40% expense ratio.
Dividends
SEML.L vs. EUNZ.DE - Dividend Comparison
SEML.L's dividend yield for the trailing twelve months is around 0.03%, while EUNZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 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 | 0.03% | 0.05% | 0.06% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.03% |
Frequently Asked Questions
SEML.L and EUNZ.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNZ.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNZ.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for SEML.L.
SEML.L is categorized as Emerging Markets Bonds, while EUNZ.DE is Emerging Markets Equities. SEML.L tracks JPM GBI-EM Global Diversified TR USD, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. Their fees differ too: 0.50% for SEML.L and 0.40% for EUNZ.DE.
Find the right allocation for SEML.L and EUNZ.DE
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