LEMBvsEMBETF Comparison
ETF 1
LEMB
iShares J.P. Morgan EM Local Currency Bond ETF
This fund is part of
EM Government Bonds
-0.48%
VS
ETF 2
EMB
iShares J.P. Morgan USD Emerging Markets Bond ETF
This fund is part of
EM Government Bonds
-0.48%
iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) belong to the same industry segment: EM Government Bonds. LEMB's top 2 sector exposures are Sovereign and Non-Corporate. In contrast, EMB's top sector exposures are Sovereign, Energy and Finance. LEMB is less expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.39% for EMB. LEMB is up 3.78% year-to-date (YTD) with +$81M in YTD flows. EMB performs worse with 0.63% YTD performance, and -$1.90B in YTD flows. Run a side-by-side ETF comparison of LEMB and EMB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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LEMB vs EMB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | LEMB EMB | +0.18%-0.97% | +2.71%-0.56% | +3.78%+0.63% | +8.00%+3.95% | +24.54%+30.00% | +7.94%+6.82% |
| Flows | LEMB EMB | +$26M-$300M | +$18M+$710M | +$81M-$1.90B | +$328M+$523M | +$77M-$1.34B | +$249M-$3.10B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | LEMB EMB | +4.34%+3.70% | +5.35%+4.29% | +5.30%+5.18% | +6.25%+6.60% |
| Max drawdown | LEMB EMB | -1.40%-1.90% | -5.57%-4.03% | -6.37%-4.97% | -23.60%-28.60% |
| Max drawdown duration | LEMB EMB | 48d86d | 162d96d | 207d64d | 1456d1419d |
Trading data
LEMB | EMB | |
Last sale 9/11/2026 at 1:45 PM | $43.07 | $93.76 |
| Previous close 09/10/2026 | $43.07 | $93.41 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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LEMB | EMB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:45 PM
Live
Closed
LEMB | EMB | |
|---|---|---|
| Last price | $43.07 | $93.76 |
| 1D performance | -0.01% | +0.37% |
| AuM | $747.99 M | $14.32 B |
| E/R | 0.3% | 0.39% |
Characteristics
LEMB | EMB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | iShares |
| Benchmark | J.P. Morgan Government Bond Emerging Markets Global 15% Cap 4.5% Floor Index | JP Morgan Emerging Markets Bond Index EMBI Global Core Index |
| N° of holdings | 441 | 612 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 18, 2011 | December 17, 2007 |
| ESG | No | No |
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Exposure
Countries
LEMB
China
14.9%
India
8.92%
Other
76.18%
EMB
Other
100%
Sectors
LEMB
Sovereign
98.89%
Other
1.11%
EMB
Sovereign
86.55%
Other
13.45%
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Diversification
LEMB
Total weight of top 15 holdings out of 15
17.3%
EMB
Total weight of top 15 holdings out of 15
9.24%
Top 15 holdings
Data as of July 31, 2026
LEMB
BlackRock Cash Funds - Treasury
2.04%
Dominican Republic, 10.5% 15mar2037, DOP
1.44%
Uruguay, 9.75% 20jul2033, UYU
1.36%
Serbia, GB 7% 26oct2031, RSD
1.36%
Paraguay, 8.5% 4apr2038, PYG
1.32%
Turkey, Bonds 30% 12sep2029, TRY
1.16%
Uruguay, 8% 29oct2035, UYU
1.16%
Dominican Republic, 10.75% 1jun2036, DOP
1.14%
Uruguay, 8.25% 21may2031, UYU
1.08%
Paraguay, 8.5% 4mar2035, PYG
0.97%
Serbia, GB 4.5% 20aug2032, RSD
0.95%
Turkey, Bonds 26.2% 5oct2033, TRY
0.85%
Serbia, Bonds 5.25% 27jul2035, RSD
0.84%
Dominican Republic, 11.25% 15sep2035, DOP
0.83%
Serbia, GB 5.875% 8feb2028, RSD
0.81%
EMB
BlackRock Cash Funds - Treasury
1.37%
Argentina, 4.125% 9jul2035, USD
1.21%
Ecuador, 6.9% 31jul2035, USD
0.81%
Argentina, 5% 9jan2038, USD
0.70%
Argentina, 0.75% 9jul2030, USD
0.65%
Argentina, 3.5% 9jul2041, USD
0.57%
Ghana, 5% 3jul2035, USD
0.55%
Uruguay, 5.1% 18jun2050, USD
0.52%
Mexico, 5.5% 17aug2030, USD
0.52%
Ukraine, 4% 1feb2032, USD
0.43%
Oman, 6.75% 17jan2048, USD (3)
0.42%
Ecuador, 8.75% 29jan2034, USD
0.39%
Brazil, 6.625% 15mar2035, USD
0.38%
Ecuador, 5% 31jul2040, USD
0.36%
Egypt, 8.5% 31jan2047, USD
0.36%
Frequently asked questions about LEMB and EMB
How have the LEMB and EMB ETFs performed in 2026?
As of September 10, 2026, LEMB is up 3.78% year-to-date (YTD), while EMB has returned 0.63%. That puts LEMB better performer ahead so far this year.
Which ETF is attracting more investor money: LEMB or EMB?
Year-to-date, the LEMB ETF saw +$81M in flows, compared to -$1.90B for EMB.
Which ETF is more volatile: LEMB or EMB?
Over the past year, LEMB had a volatility of 5.35%, while EMB experienced 4.29%.
Which ETF is bigger: LEMB or EMB?
As of September 10, 2026, LEMB holds $747.99 M in assets under management (AUM), while EMB manages $14.32 B.
What sectors do the LEMB and EMB ETFs invest in?
LEMB leans toward sectors like Sovereign. Meanwhile, EMB focuses on Sovereign.
What are the top holdings of the LEMB ETF and EMB ETF?
LEMB top holdings include BlackRock Cash Funds - Treasury, Dominican Republic, 10.5% 15mar2037, DOP and Uruguay, 9.75% 20jul2033, UYU. EMB holds in its top three: BlackRock Cash Funds - Treasury, Argentina, 4.125% 9jul2035, USD and Ecuador, 6.9% 31jul2035, USD.
Which ETF is more diversified: LEMB or EMB?
LEMB holds 441 securities with 17.3% of its assets in the top 15. EMB has 614 securities and a top 15 weight of 9.24%.
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