SEML.L vs. JMBP.L
SEML.L (iShares J.P. Morgan EM Local Government Bond UCITS ETF) and JMBP.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist)) are both Emerging Markets Bonds funds - SEML.L tracks the JPM GBI-EM Global Diversified TR USD while JMBP.L tracks the JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged). Both are passively managed. Over the past 5 years, SEML.L returned -3.37%/yr vs 0.77%/yr for JMBP.L. At a 0.29 correlation, their price movements are largely independent. SEML.L charges 0.50%/yr vs 0.39%/yr for JMBP.L.
Performance
SEML.L vs. JMBP.L - Performance Comparison
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Returns By Period
In the year-to-date period, SEML.L achieves a -3.02% return, which is significantly lower than JMBP.L's 1.62% 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%
JMBP.L
- 1D
- 0.24%
- 1M
- 1.00%
- YTD
- 1.62%
- 6M
- 1.99%
- 1Y
- 10.82%
- 3Y*
- 7.54%
- 5Y*
- 0.77%
- 10Y*
- —
SEML.L vs. JMBP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 2.87% |
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) | 1.62% | 13.12% | 1.60% | 8.37% | -17.57% | -2.86% | 3.66% | 2.41% |
Correlation
The correlation between SEML.L and JMBP.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2019 | 0.29 |
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Return for Risk
SEML.L vs. JMBP.L — Risk / Return Rank
SEML.L
JMBP.L
SEML.L vs. JMBP.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 JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.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 | JMBP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.39 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 2.38 | -1.88 |
| Martin ratioReturn relative to average drawdown | 1.16 | 10.19 | -9.02 |
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 | JMBP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 1.99 | -1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.09 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | 0.11 | -0.40 |
Drawdowns
SEML.L vs. JMBP.L - Drawdown Comparison
The maximum SEML.L drawdown since its inception was -66.68%, which is greater than JMBP.L's maximum drawdown of -27.19%. Use the drawdown chart below to compare losses from any high point for SEML.L and JMBP.L.
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Drawdown Indicators
| SEML.L | JMBP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.68% | -27.19% | -39.49% |
Max Drawdown (1Y)Largest decline over 1 year | -5.65% | -4.52% | -1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -9.95% | -7.61% | -2.34% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -26.88% | +6.77% |
Max Drawdown (10Y)Largest decline over 10 years | -39.61% | — | — |
Current DrawdownCurrent decline from peak | -65.00% | -0.08% | -64.92% |
Average DrawdownAverage peak-to-trough decline | -54.41% | -9.99% | -44.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 1.06% | +1.40% |
Volatility
SEML.L vs. JMBP.L - Volatility Comparison
The current volatility for iShares J.P. Morgan EM Local Government Bond UCITS ETF (SEML.L) is 1.79%, while JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) has a volatility of 1.96%. This indicates that SEML.L experiences smaller price fluctuations and is considered to be less risky than JMBP.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 | JMBP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 1.96% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 5.19% | 4.53% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.73% | 5.44% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.32% | 8.49% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.11% | 10.58% | -0.47% |
SEML.L vs. JMBP.L - Expense Ratio Comparison
SEML.L has a 0.50% expense ratio, which is higher than JMBP.L's 0.39% expense ratio.
Dividends
SEML.L vs. JMBP.L - Dividend Comparison
SEML.L's dividend yield for the trailing twelve months is around 0.03%, less than JMBP.L's 5.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) | 5.75% | 5.61% | 5.83% | 5.24% | 5.16% | 3.70% | 4.42% | 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 JMBP.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMBP.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMBP.L is cheaper with a 0.39% expense ratio, compared with 0.50% for SEML.L.
SEML.L tracks JPM GBI-EM Global Diversified TR USD, while JMBP.L tracks JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged). They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.50% for SEML.L and 0.39% for JMBP.L.
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