SEML.L vs. QDVB.DE
SEML.L (iShares J.P. Morgan EM Local Government Bond UCITS ETF) and QDVB.DE (iShares Edge MSCI USA Quality Factor 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 QDVB.DE is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality. Both are passively managed. Over the past 5 years, SEML.L returned -3.37%/yr vs 13.12%/yr for QDVB.DE. At a 0.34 correlation, their price movements are largely independent. SEML.L charges 0.50%/yr vs 0.20%/yr for QDVB.DE.
Performance
SEML.L vs. QDVB.DE - Performance Comparison
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Different Trading Currencies
SEML.L is traded in GBP, while QDVB.DE is traded in EUR. To make them comparable, the QDVB.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 QDVB.DE's 8.97% 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%
QDVB.DE
- 1D
- 0.84%
- 1M
- 5.84%
- YTD
- 8.97%
- 6M
- 8.90%
- 1Y
- 22.98%
- 3Y*
- 16.68%
- 5Y*
- 13.12%
- 10Y*
- —
SEML.L vs. QDVB.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% |
QDVB.DE iShares Edge MSCI USA Quality Factor UCITS ETF | 8.97% | 5.59% | 23.71% | 24.03% | -11.93% | 29.24% | 11.31% | 30.11% | -1.27% | 11.76% |
Correlation
The correlation between SEML.L and QDVB.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2016 | 0.34 |
The correlation between SEML.L and QDVB.DE shifts across timeframes, from 0.22 (5 years) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SEML.L vs. QDVB.DE — Risk / Return Rank
SEML.L
QDVB.DE
SEML.L vs. QDVB.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 USA Quality Factor UCITS ETF (QDVB.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 | QDVB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.39 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 3.42 | -2.92 |
| Martin ratioReturn relative to average drawdown | 1.16 | 12.75 | -11.59 |
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 | QDVB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 2.15 | -1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.86 | -1.26 |
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 | 0.82 | -1.12 |
Drawdowns
SEML.L vs. QDVB.DE - Drawdown Comparison
The maximum SEML.L drawdown since its inception was -66.68%, which is greater than QDVB.DE's maximum drawdown of -25.80%. Use the drawdown chart below to compare losses from any high point for SEML.L and QDVB.DE.
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Drawdown Indicators
| SEML.L | QDVB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.68% | -25.80% | -40.88% |
Max Drawdown (1Y)Largest decline over 1 year | -5.65% | -6.69% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -9.95% | -21.19% | +11.24% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -21.19% | +1.08% |
Max Drawdown (10Y)Largest decline over 10 years | -39.61% | — | — |
Current DrawdownCurrent decline from peak | -65.00% | 0.00% | -65.00% |
Average DrawdownAverage peak-to-trough decline | -54.41% | -3.98% | -50.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 1.80% | +0.66% |
Volatility
SEML.L vs. QDVB.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 USA Quality Factor UCITS ETF (QDVB.DE) has a volatility of 2.93%. This indicates that SEML.L experiences smaller price fluctuations and is considered to be less risky than QDVB.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 | QDVB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 2.93% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 5.19% | 7.19% | -2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.73% | 10.66% | -3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.32% | 15.10% | -6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.11% | 16.13% | -6.02% |
SEML.L vs. QDVB.DE - Expense Ratio Comparison
SEML.L has a 0.50% expense ratio, which is higher than QDVB.DE's 0.20% expense ratio.
Dividends
SEML.L vs. QDVB.DE - Dividend Comparison
SEML.L's dividend yield for the trailing twelve months is around 0.03%, while QDVB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDVB.DE iShares Edge MSCI USA Quality Factor 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 QDVB.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVB.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVB.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 QDVB.DE is Large Cap Blend Equities. SEML.L tracks JPM GBI-EM Global Diversified TR USD, while QDVB.DE tracks MSCI USA Sector Neutral Quality. Their fees differ too: 0.50% for SEML.L and 0.20% for QDVB.DE.
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