UBXX.L vs. IEMB.L
UBXX.L (UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis) and IEMB.L (iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist)) are both Emerging Markets Bonds funds. Over the past 5 years, UBXX.L returned 2.38%/yr vs 3.01%/yr for IEMB.L. At a 0.39 correlation, their price movements are largely independent. UBXX.L charges 0.47%/yr vs 0.45%/yr for IEMB.L.
Performance
UBXX.L vs. IEMB.L - Performance Comparison
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Different Trading Currencies
UBXX.L is traded in GBp, while IEMB.L is traded in USD. To make them comparable, the IEMB.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with UBXX.L having a 2.14% return and IEMB.L slightly lower at 2.04%.
UBXX.L
- 1D
- 0.01%
- 1M
- 0.08%
- YTD
- 2.14%
- 6M
- 2.55%
- 1Y
- 8.02%
- 3Y*
- 8.13%
- 5Y*
- 2.38%
- 10Y*
- —
IEMB.L
- 1D
- 0.41%
- 1M
- 1.93%
- YTD
- 2.04%
- 6M
- 1.52%
- 1Y
- 12.28%
- 3Y*
- 6.96%
- 5Y*
- 3.01%
- 10Y*
- 4.09%
UBXX.L vs. IEMB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UBXX.L UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis | 2.14% | 9.71% | 7.01% | 7.14% | -11.07% | -0.10% | 1.69% | 5.94% | -1.40% |
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 2.01% | 5.61% | 7.55% | 5.01% | -8.65% | -1.35% | 2.47% | 11.65% | 5.26% |
Correlation
The correlation between UBXX.L and IEMB.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.39 |
The correlation between UBXX.L and IEMB.L shifts across timeframes, from 0.26 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UBXX.L vs. IEMB.L — Risk / Return Rank
UBXX.L
IEMB.L
UBXX.L vs. IEMB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.L) and iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.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.
| UBXX.L | IEMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.30 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 2.79 | +1.33 |
| Martin ratioReturn relative to average drawdown | 19.08 | 8.29 | +10.78 |
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
| UBXX.L | IEMB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 1.70 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.32 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.58 | -0.10 |
Drawdowns
UBXX.L vs. IEMB.L - Drawdown Comparison
The maximum UBXX.L drawdown since its inception was -16.83%, smaller than the maximum IEMB.L drawdown of -23.09%. Use the drawdown chart below to compare losses from any high point for UBXX.L and IEMB.L.
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Drawdown Indicators
| UBXX.L | IEMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.83% | -23.09% | +6.26% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -4.38% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -2.59% | -9.30% | +6.71% |
Max Drawdown (5Y)Largest decline over 5 years | -16.83% | -14.68% | -2.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.06% | — |
Current DrawdownCurrent decline from peak | -0.07% | 0.00% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -6.04% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 1.48% | -1.06% |
Volatility
UBXX.L vs. IEMB.L - Volatility Comparison
The current volatility for UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.L) is 0.67%, while iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.L) has a volatility of 2.49%. This indicates that UBXX.L experiences smaller price fluctuations and is considered to be less risky than IEMB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UBXX.L | IEMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 2.49% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 5.86% | -3.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.85% | 7.21% | -4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.25% | 9.50% | -5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 11.12% | -6.16% |
UBXX.L vs. IEMB.L - Expense Ratio Comparison
UBXX.L has a 0.47% expense ratio, which is higher than IEMB.L's 0.45% expense ratio.
Dividends
UBXX.L vs. IEMB.L - Dividend Comparison
UBXX.L's dividend yield for the trailing twelve months is around 6.47%, more than IEMB.L's 5.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 5.83% | 5.85% | 5.80% | 5.65% | 5.55% | 3.95% | 3.86% | 4.73% | 4.82% | 4.79% | 5.57% | 4.78% |
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
UBXX.L and IEMB.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEMB.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEMB.L is cheaper with a 0.45% expense ratio, compared with 0.47% for UBXX.L.
They also come from different issuers: UBS and iShares. Their fees differ too: 0.47% for UBXX.L and 0.45% for IEMB.L.
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