SEML.L vs. ISP6.L
SEML.L (iShares J.P. Morgan EM Local Government Bond UCITS ETF) and ISP6.L (iShares S&P SmallCap 600 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 ISP6.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD. Both are passively managed. Over the past 10 years, SEML.L returned -2.50%/yr vs 11.01%/yr for ISP6.L. At a 0.36 correlation, their price movements are largely independent. SEML.L charges 0.50%/yr vs 0.40%/yr for ISP6.L.
Performance
SEML.L vs. ISP6.L - Performance Comparison
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Different Trading Currencies
SEML.L is traded in GBP, while ISP6.L is traded in GBp. To make them comparable, the ISP6.L 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 ISP6.L's 15.45% return. Over the past 10 years, SEML.L has underperformed ISP6.L with an annualized return of -2.50%, while ISP6.L has yielded a comparatively higher 11.01% 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%
ISP6.L
- 1D
- 1.09%
- 1M
- 2.81%
- YTD
- 15.45%
- 6M
- 14.84%
- 1Y
- 34.21%
- 3Y*
- 12.19%
- 5Y*
- 6.63%
- 10Y*
- 11.01%
SEML.L vs. ISP6.L - 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% |
ISP6.L iShares S&P SmallCap 600 UCITS ETF | 15.45% | -0.91% | 8.76% | 10.98% | -6.72% | 27.86% | 6.87% | 17.51% | -4.56% | 3.05% |
Correlation
The correlation between SEML.L and ISP6.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2011 | 0.36 |
The correlation between SEML.L and ISP6.L shifts across timeframes, from 0.24 (5 years) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SEML.L vs. ISP6.L — Risk / Return Rank
SEML.L
ISP6.L
SEML.L vs. ISP6.L - 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 S&P SmallCap 600 UCITS ETF (ISP6.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.
| SEML.L | ISP6.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.39 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 5.28 | -4.77 |
| Martin ratioReturn relative to average drawdown | 1.16 | 15.98 | -14.82 |
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
| SEML.L | ISP6.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 2.20 | -1.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.35 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | 0.54 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | 0.58 | -0.87 |
Drawdowns
SEML.L vs. ISP6.L - Drawdown Comparison
The maximum SEML.L drawdown since its inception was -66.68%, which is greater than ISP6.L's maximum drawdown of -39.08%. Use the drawdown chart below to compare losses from any high point for SEML.L and ISP6.L.
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Drawdown Indicators
| SEML.L | ISP6.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.68% | -39.08% | -27.60% |
Max Drawdown (1Y)Largest decline over 1 year | -5.65% | -6.45% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -9.95% | -30.26% | +20.31% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -30.26% | +10.15% |
Max Drawdown (10Y)Largest decline over 10 years | -39.61% | -39.08% | -0.53% |
Current DrawdownCurrent decline from peak | -65.00% | 0.00% | -65.00% |
Average DrawdownAverage peak-to-trough decline | -54.41% | -7.53% | -46.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 2.13% | +0.33% |
Volatility
SEML.L vs. ISP6.L - Volatility Comparison
The current volatility for iShares J.P. Morgan EM Local Government Bond UCITS ETF (SEML.L) is 1.79%, while iShares S&P SmallCap 600 UCITS ETF (ISP6.L) has a volatility of 3.96%. This indicates that SEML.L experiences smaller price fluctuations and is considered to be less risky than ISP6.L 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 | ISP6.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 3.96% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 5.19% | 10.32% | -5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.73% | 15.51% | -8.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.32% | 19.09% | -10.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.11% | 20.45% | -10.34% |
SEML.L vs. ISP6.L - Expense Ratio Comparison
SEML.L has a 0.50% expense ratio, which is higher than ISP6.L's 0.40% expense ratio.
Dividends
SEML.L vs. ISP6.L - Dividend Comparison
SEML.L's dividend yield for the trailing twelve months is around 0.03%, less than ISP6.L's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISP6.L iShares S&P SmallCap 600 UCITS ETF | 1.02% | 1.22% | 1.15% | 1.08% | 1.00% | 0.65% | 0.94% | 0.97% | 0.96% | 0.78% | 0.77% | 0.53% |
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 ISP6.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISP6.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISP6.L is cheaper with a 0.40% expense ratio, compared with 0.50% for SEML.L.
SEML.L is categorized as Emerging Markets Bonds, while ISP6.L is Small Cap Blend Equities. SEML.L tracks JPM GBI-EM Global Diversified TR USD, while ISP6.L tracks Russell 2000 TR USD. Their fees differ too: 0.50% for SEML.L and 0.40% for ISP6.L.
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