SGEA.L vs. UBXX.L
SGEA.L (iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist)) and UBXX.L (UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis) are both Emerging Markets Bonds funds - SGEA.L tracks the Bloomberg Emerging Markets Asia Local Currency Government Country Capped Index while UBXX.L tracks the J.P. Morgan EMBI Global Diversified 1-5 Year Index. Both are passively managed. Over the past 5 years, SGEA.L returned -0.08%/yr vs 2.43%/yr for UBXX.L. At a correlation of -0.00, they often move in opposite directions. SGEA.L charges 0.50%/yr vs 0.47%/yr for UBXX.L.
Performance
SGEA.L vs. UBXX.L - Performance Comparison
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Different Trading Currencies
SGEA.L is traded in GBP, while UBXX.L is traded in GBp. To make them comparable, the UBXX.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGEA.L achieves a -5.97% return, which is significantly lower than UBXX.L's 2.18% return.
SGEA.L
- 1D
- 0.43%
- 1M
- -1.31%
- 6M
- -2.76%
- YTD
- -5.97%
- 1Y
- -6.24%
- 3Y*
- -0.41%
- 5Y*
- -0.08%
- 10Y*
- 0.83%
- ALL TIME*
- -0.71%
UBXX.L
- 1D
- -0.07%
- 1M
- -0.20%
- 6M
- 1.76%
- YTD
- 2.18%
- 1Y
- 6.50%
- 3Y*
- 7.61%
- 5Y*
- 2.43%
- 10Y*
- —
- ALL TIME*
- 2.33%
SGEA.L vs. UBXX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SGEA.L iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | -5.97% | -1.01% | 3.19% | -0.97% | 3.25% | -3.19% | 5.39% | 5.58% | 6.63% |
UBXX.L UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis | 2.18% | 9.71% | 7.01% | 7.14% | -11.07% | -0.10% | 1.69% | 5.94% | -1.40% |
Correlation
The correlation between SGEA.L and UBXX.L is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2018 | -0.00 |
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Return for Risk
SGEA.L vs. UBXX.L — Risk / Return Rank
SGEA.L
UBXX.L
SGEA.L vs. UBXX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (SGEA.L) and UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.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.
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.
| SGEA.L | UBXX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.32 | ||
| Sortino ratioReturn per unit of downside risk | -4.97 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.48 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 3.35 | -4.07 |
| Martin ratioReturn relative to average drawdown | -1.30 | 15.33 | -16.63 |
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Drawdowns
SGEA.L vs. UBXX.L - Drawdown Comparison
The maximum SGEA.L drawdown since its inception was -40.80%, which is greater than UBXX.L's maximum drawdown of -16.83%. Use the drawdown chart below to compare losses from any high point for SGEA.L and UBXX.L.
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Drawdown Indicators
| SGEA.L | UBXX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.80% | -16.83% | -23.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -1.93% | -6.98% |
Max Drawdown (3Y)Largest decline over 3 years | -10.30% | -2.59% | -7.71% |
Max Drawdown (5Y)Largest decline over 5 years | -10.30% | -16.83% | +6.53% |
Max Drawdown (10Y)Largest decline over 10 years | -12.02% | — | — |
Current DrawdownCurrent decline from peak | -9.69% | -0.28% | -9.41% |
Average DrawdownAverage peak-to-trough decline | -17.31% | -3.66% | -13.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.97% | 0.42% | +4.55% |
Volatility
SGEA.L vs. UBXX.L - Volatility Comparison
iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (SGEA.L) has a higher volatility of 1.81% compared to UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.L) at 0.46%. This indicates that SGEA.L's price experiences larger fluctuations and is considered to be riskier than UBXX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGEA.L | UBXX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 0.46% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 2.34% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 2.85% | +3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.97% | 4.25% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.02% | 4.92% | +3.10% |
SGEA.L vs. UBXX.L - Expense Ratio Comparison
SGEA.L has a 0.50% expense ratio, which is higher than UBXX.L's 0.47% expense ratio.
Dividends
SGEA.L vs. UBXX.L - Dividend Comparison
SGEA.L's dividend yield for the trailing twelve months is around 1.76%, less than UBXX.L's 6.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGEA.L iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | 1.76% | 3.40% | 3.00% | 2.90% | 2.81% | 2.37% | 2.97% | 2.55% | 2.46% | 2.17% | 2.65% | 1.11% |
UBXX.L UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis | 6.47% | 25.71% | 7.05% | 4.76% | 4.40% | 3.91% | 4.43% | 6.18% | 0.21% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGEA.L and UBXX.L have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UBXX.L is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UBXX.L is cheaper with a 0.47% expense ratio, compared with 0.50% for SGEA.L.
SGEA.L tracks Bloomberg Emerging Markets Asia Local Currency Government Country Capped Index, while UBXX.L tracks J.P. Morgan EMBI Global Diversified 1-5 Year Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.50% for SGEA.L and 0.47% for UBXX.L.
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