VEMT.L vs. SEMB.L
VEMT.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) and SEMB.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds tracking the JPM EMBI Global Diversified TR USD, from Vanguard and iShares respectively. Both are passively managed. Over the past 5 years, VEMT.L returned 3.40%/yr vs 4.65%/yr for SEMB.L. Their correlation of 0.95 suggests significant overlap in exposure. VEMT.L charges 0.25%/yr vs 0.45%/yr for SEMB.L.
Performance
VEMT.L vs. SEMB.L - Performance Comparison
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Different Trading Currencies
VEMT.L is traded in GBP, while SEMB.L is traded in GBp. To make them comparable, the SEMB.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VEMT.L achieves a 1.55% return, which is significantly lower than SEMB.L's 2.75% return.
VEMT.L
- 1D
- 0.03%
- 1M
- 1.60%
- YTD
- 1.55%
- 6M
- 1.13%
- 1Y
- 10.55%
- 3Y*
- 5.98%
- 5Y*
- 3.40%
- 10Y*
- —
SEMB.L
- 1D
- 0.37%
- 1M
- 2.16%
- YTD
- 2.75%
- 6M
- 2.73%
- 1Y
- 14.74%
- 3Y*
- 8.83%
- 5Y*
- 4.65%
- 10Y*
- 5.65%
VEMT.L vs. SEMB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEMT.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 1.55% | 4.07% | 8.08% | 3.44% | -5.19% | -0.56% | 2.53% | 9.67% | 2.79% | -1.59% |
SEMB.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 2.75% | 8.06% | 9.19% | 6.03% | -7.53% | 0.41% | 3.12% | 13.82% | 1.58% | 1.51% |
Correlation
The correlation between VEMT.L and SEMB.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2016 | 0.95 |
The correlation between VEMT.L and SEMB.L has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
VEMT.L vs. SEMB.L — Risk / Return Rank
VEMT.L
SEMB.L
VEMT.L vs. SEMB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VEMT.L) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.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.
| VEMT.L | SEMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.44 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 3.98 | -1.54 |
| Martin ratioReturn relative to average drawdown | 6.86 | 12.19 | -5.33 |
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
| VEMT.L | SEMB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 2.46 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.53 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.82 | -0.52 |
Drawdowns
VEMT.L vs. SEMB.L - Drawdown Comparison
The maximum VEMT.L drawdown since its inception was -14.64%, smaller than the maximum SEMB.L drawdown of -21.74%. Use the drawdown chart below to compare losses from any high point for VEMT.L and SEMB.L.
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Drawdown Indicators
| VEMT.L | SEMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.64% | -21.74% | +7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -3.69% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -8.59% | -8.69% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -11.41% | -13.70% | +2.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.43% | — |
Current DrawdownCurrent decline from peak | -0.50% | 0.00% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -4.52% | -1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.21% | +0.32% |
Volatility
VEMT.L vs. SEMB.L - Volatility Comparison
The current volatility for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VEMT.L) is 1.33%, while iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.L) has a volatility of 1.77%. This indicates that VEMT.L experiences smaller price fluctuations and is considered to be less risky than SEMB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEMT.L | SEMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.77% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 4.41% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 5.96% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.13% | 8.76% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.15% | 10.67% | -1.52% |
VEMT.L vs. SEMB.L - Expense Ratio Comparison
VEMT.L has a 0.25% expense ratio, which is lower than SEMB.L's 0.45% expense ratio.
Dividends
VEMT.L vs. SEMB.L - Dividend Comparison
VEMT.L's dividend yield for the trailing twelve months is around 5.92%, less than SEMB.L's 7.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEMB.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 7.83% | 7.87% | 7.27% | 7.21% | 6.70% | 5.35% | 5.28% | 6.25% | 6.15% | 6.48% | 6.88% | 7.10% |
VEMT.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.92% | 6.17% | 5.74% | 5.56% | 4.88% | 3.81% | 4.47% | 4.46% | 4.44% | 4.81% | 0.00% | 0.00% |
Frequently Asked Questions
VEMT.L and SEMB.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEMT.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEMT.L is cheaper with a 0.25% expense ratio, compared with 0.45% for SEMB.L.
Both ETFs track JPM EMBI Global Diversified TR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.25% for VEMT.L and 0.45% for SEMB.L.
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