Data Source: from January 1985 to December 2022 (~38 years)
Consolidated Returns as of 31 December 2022
Live Update: Jan 27 2023
Category: Fixed Income
ETF: iShares JP Morgan USD Em Mkts Bd (EMB)
ETF • LIVE PERFORMANCE (USD currency)
0.19%
1 Day
Jan 27 2023
4.75%
Current Month
January 2023

In the last 30 Years, the iShares JP Morgan USD Em Mkts Bd (EMB) ETF obtained a 9.18% compound annual return, with a 12.77% standard deviation.

In 2022, the ETF granted a 3.99% dividend yield. If you are interested in getting periodic income, please refer to the iShares JP Morgan USD Em Mkts Bd (EMB) ETF: Dividend Yield page.

The ETF is related to the following investment themes:

  • Asset Class: Bond
  • Region: Emerging Markets
  • Country: Broad Emerging Markets
  • Bond - Duration: All-Term

The iShares JP Morgan USD Em Mkts Bd (EMB) ETF is part of the following Lazy Portfolios:

Portfolio Name Author EMB Weight
Robo Advisor 80 Betterment 3.60%
Robo Advisor 90 Betterment 1.70%
Robo Advisor 10 Betterment 2.90%
Robo Advisor 20 Betterment 5.90%
Robo Advisor 50 Betterment 10.70%
Late Sixties and Beyond Burton Malkiel 9.50%
Late Thirties to Early Forties Burton Malkiel 5.00%
Mid-Fifties Burton Malkiel 7.50%
Mid-Twenties Burton Malkiel 4.00%
Dynamic 40/60 Income 20.00%
High Yield Bonds Income 25.00%
All Country World 80/20 3.00%
All Country World 60/40 6.00%
All Country World 40/60 9.00%
All Country World 20/80 12.00%
All Country World Bonds 15.00%

Historical Returns as of Dec 31, 2022

Historical returns and Metrics of iShares JP Morgan USD Em Mkts Bd (EMB) ETF.

Returns and metrics are calculated based on monthly returns, assuming:
  • No fees or capital gain taxes
  • the reinvestment of dividends

ETF Returns, up to December 2007, are retrieved using the historical series of equivalent ETFs / Assets.
ISHARES JP MORGAN USD EM MKTS BD (EMB) ETF
Portfolio Metrics
Data Source: 1 January 1985 - 31 December 2022 (~38 years)
Swipe left to see all data
Metrics as of Dec 31, 2022
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~38Y)
Portfolio
Return (%)
-1.36 8.38 2.06 -18.64 -5.70 -1.75 0.86 6.17 9.18 9.46
US Inflation (%) -0.31 0.00 0.16 6.45 4.92 3.78 2.60 2.51 2.49 2.76
Infl. Adjusted
Return (%)
-1.06 8.38 1.89 -23.58 -10.12 -5.33 -1.69 3.57 6.52 6.51
Returns / Inflation rates over 1 year are annualized.
RISK INDICATORS
Standard Deviation (%) 16.20 14.85 12.31 9.96 11.27 12.77 11.84
Sharpe Ratio -1.24 -0.42 -0.23 0.03 0.45 0.55 0.46
Sortino Ratio -2.10 -0.55 -0.30 0.03 0.59 0.69 0.59
MAXIMUM DRAWDOWN
Drawdown Depth (%) -25.06 -26.75 -26.75 -26.75 -26.75 -31.43 -31.43
Start (yyyy mm) 2022 01 2021 09 2021 09 2021 09 2021 09 1998 05 1998 05
Bottom (yyyy mm) 2022 10 2022 10 2022 10 2022 10 2022 10 1998 08 1998 08
Start to Bottom (# months) 10 14 14 14 14 4 4
Start to Recovery (# months) in progress
> 12
> 16
> 16
> 16
> 16
19
19
ROLLING PERIOD RETURNS - Annualized
Best Return (%) 47.27 31.65 25.13 19.30 14.61 11.84
Worst Return (%) -28.11 -7.65 -3.17 0.23 6.13 9.02
% Positive Periods 81% 97% 98% 100% 100% 100%
MONTHS
Positive 0 1 2 3 18 32 70 160 245 308
Negative 1 2 4 9 18 28 50 80 115 148
% Positive 0% 33% 33% 25% 50% 53% 58% 67% 68% 68%
WITHDRAWAL RATES (WR)
Safe WR (%) 29.89 19.33 10.34 10.17 11.77 9.11
Perpetual WR (%) 0.00 0.00 0.00 3.45 6.12 6.11
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the ETF
  • Standard Deviation: it's a measure of the dispersion of returns around the mean
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the ETF. It's calculated by dividing the excess return of the ETF over the risk-free rate by the ETF standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the ETF. It's a modification of the Sharpe Ratio (same formula but the denominator is the ETF downside standard deviation).
  • Maximum Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.
  • Rolling Returns: returns over a time frame (best, worst, % of positive returns).
  • Pos./Neg. Months: number of months with positive/negative return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
  • Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).

Correlations as of Dec 31, 2022

Monthly correlations of iShares JP Morgan USD Em Mkts Bd (EMB) ETF vs the main Asset Classes, over different timeframes.

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1.

If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.

Asset correlations are calculated based on monthly returns.

Columns are sortable (click on table header to sort).

ISHARES JP MORGAN USD EM MKTS BD (EMB) ETF
Monthly correlations as of 31 December 2022
Swipe left to see all data
Correlation vs EMB
 
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
US Total Stock Market
VTI
0.77
0.70
0.61
0.57
0.56
US Large Cap
SPY
0.78
0.70
0.61
0.55
0.55
US Small Cap
IJR
0.65
0.62
0.49
0.50
0.50
US REITs
VNQ
0.73
0.71
0.66
0.50
0.50
US Technology
QQQ
0.77
0.64
0.57
0.43
0.43
Preferred Stocks
PFF
0.86
0.81
0.77
0.39
0.39
EAFE Stocks
EFA
0.94
0.79
0.73
0.57
0.57
World All Countries
VT
0.88
0.77
0.71
0.60
0.60
Emerging Markets
EEM
0.90
0.76
0.73
0.66
0.65
Europe
VGK
0.91
0.79
0.71
0.57
0.57
Pacific
VPL
0.94
0.74
0.69
0.51
0.50
Latin America
FLLA
0.40
0.64
0.63
0.67
0.66
US Total Bond Market
BND
0.88
0.70
0.70
0.49
0.49
Long Term Treasuries
TLT
0.79
0.29
0.36
0.26
0.26
US Cash
BIL
0.41
-0.02
-0.03
0.07
0.07
TIPS
TIP
0.67
0.62
0.66
0.44
0.44
Invest. Grade Bonds
LQD
0.93
0.87
0.85
0.58
0.58
High Yield Bonds
HYG
0.78
0.83
0.79
0.64
0.63
International Bonds
BNDX
0.79
0.68
0.66
0.35
0.36
Gold
GLD
0.43
0.41
0.36
0.29
0.29
Commodities
DBC
0.10
0.40
0.32
0.26
0.26

Capital Growth as of Dec 31, 2022

Capital growth, returns, stats are calculated assuming a reinvestment of dividends.

If you are interested in getting periodic income, please refer to the iShares JP Morgan USD Em Mkts Bd (EMB) ETF: Dividend Yield page.

An investment of 1000$, since January 1993, now would be worth 13930.06$, with a total return of 1293.01% (9.18% annualized).

The Inflation Adjusted Capital now would be 6660.02$, with a net total return of 566.00% (6.52% annualized).
An investment of 1000$, since January 1985, now would be worth 30997.14$, with a total return of 2999.71% (9.46% annualized).

The Inflation Adjusted Capital now would be 10997.41$, with a net total return of 999.74% (6.51% annualized).

Drawdowns

Worst drawdowns since January 1993.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-31.43% May 1998 Aug 1998 4 Nov 1999 15 19
-26.75% Sep 2021 Oct 2022 14 in progress 2 16
-25.53% Jun 2008 Oct 2008 5 Jul 2009 9 14
-16.04% Feb 2020 Mar 2020 2 Aug 2020 5 7
-14.90% Feb 1994 Mar 1995 14 Jun 1995 3 17
-14.42% May 2002 Jul 2002 3 Dec 2002 5 8
-11.28% Jan 2013 Aug 2013 8 May 2014 9 17
-10.24% Oct 1997 Oct 1997 1 Mar 1998 5 6
-7.92% Apr 2004 May 2004 2 Aug 2004 3 5
-7.24% Jan 2018 Nov 2018 11 Mar 2019 4 15
-6.29% Feb 1996 Feb 1996 1 May 1996 3 4
-5.97% Oct 2016 Nov 2016 2 Apr 2017 5 7
-5.47% Jan 2021 Mar 2021 3 Aug 2021 5 8
-5.12% Nov 2010 Feb 2011 4 Jun 2011 4 8
-4.79% Sep 2011 Sep 2011 1 Oct 2011 1 2
-4.33% Mar 2006 May 2006 3 Aug 2006 3 6
-4.32% Jun 2003 Jul 2003 2 Sep 2003 2 4
-4.12% Mar 1997 Mar 1997 1 May 1997 2 3
-4.11% May 2015 Sep 2015 5 Mar 2016 6 11
-3.79% Apr 2000 May 2000 2 Jun 2000 1 3

Worst drawdowns since January 1985.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-31.43% May 1998 Aug 1998 4 Nov 1999 15 19
-26.75% Sep 2021 Oct 2022 14 in progress 2 16
-25.53% Jun 2008 Oct 2008 5 Jul 2009 9 14
-16.04% Feb 2020 Mar 2020 2 Aug 2020 5 7
-14.90% Feb 1994 Mar 1995 14 Jun 1995 3 17
-14.42% May 2002 Jul 2002 3 Dec 2002 5 8
-11.28% Jan 2013 Aug 2013 8 May 2014 9 17
-10.24% Oct 1997 Oct 1997 1 Mar 1998 5 6
-9.07% Mar 1987 Nov 1987 9 Jan 1989 14 23
-7.92% Apr 2004 May 2004 2 Aug 2004 3 5
-7.24% Jan 2018 Nov 2018 11 Mar 2019 4 15
-6.71% Aug 1990 Sep 1990 2 Dec 1990 3 5
-6.29% Feb 1996 Feb 1996 1 May 1996 3 4
-5.97% Oct 2016 Nov 2016 2 Apr 2017 5 7
-5.47% Jan 2021 Mar 2021 3 Aug 2021 5 8
-5.30% Jan 1990 Apr 1990 4 Jun 1990 2 6
-5.12% Nov 2010 Feb 2011 4 Jun 2011 4 8
-4.79% Sep 2011 Sep 2011 1 Oct 2011 1 2
-4.33% Mar 2006 May 2006 3 Aug 2006 3 6
-4.32% Jun 2003 Jul 2003 2 Sep 2003 2 4

Rolling Returns ( more details)

iShares JP Morgan USD Em Mkts Bd (EMB) ETF: annualized rolling and average returns

Swipe left to see all data
Rolling
Period
Return (*) Negative
Periods
Average (%) Best (%) Worst (%)
1 Year
10.31 47.27
Nov 2008 - Oct 2009
-28.11
Sep 1997 - Aug 1998
19.10%
2 Years
10.19 37.08
Mar 1995 - Feb 1997
-11.81
Oct 2020 - Sep 2022
6.93%
3 Years
10.26 31.65
Apr 1995 - Mar 1998
-7.65
Nov 2019 - Oct 2022
3.33%
5 Years
10.58 25.13
Sep 1998 - Aug 2003
-3.17
Nov 2017 - Oct 2022
2.27%
7 Years
10.92 22.19
Sep 1998 - Aug 2005
0.05
Nov 2015 - Oct 2022
0.00%
10 Years
11.25 19.30
Apr 1995 - Mar 2005
0.23
Nov 2012 - Oct 2022
0.00%
15 Years
11.67 16.67
Oct 1990 - Sep 2005
3.08
Nov 2007 - Oct 2022
0.00%
20 Years
11.87 14.61
Oct 1990 - Sep 2010
6.13
Nov 2002 - Oct 2022
0.00%
30 Years
10.94 11.84
Mar 1985 - Feb 2015
9.02
Oct 1992 - Sep 2022
0.00%
(*) Annualized rolling and average returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the iShares JP Morgan USD Em Mkts Bd (EMB) ETF: Rolling Returns page.

Seasonality

iShares JP Morgan USD Em Mkts Bd (EMB) ETF: in which months is it better to invest?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.

For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.05
40%
-2.32
20%
-2.95
40%
-0.35
60%
1.55
80%
-0.06
60%
2.26
100%
-0.37
60%
-2.07
20%
-0.48
40%
2.19
40%
1.56
80%
 Capital Growth on monthly avg returns
100
100.05
97.72
94.84
94.51
95.97
95.92
98.09
97.73
95.70
95.24
97.33
98.85
Best 4.8
2019
0.4
2019
1.5
2019
4.4
2020
6.3
2020
3.5
2019
3.9
2020
1.6
2019
2.0
2018
0.6
2019
10.1
2022
2.9
2019
Worst -3.4
2022
-5.5
2022
-15.0
2020
-6.7
2022
-0.8
2018
-6.2
2022
0.6
2021
-2.7
2022
-6.6
2022
-2.5
2018
-1.9
2021
-1.4
2022
Monthly Seasonality over the period Jan 2018 - Dec 2022
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.02
50%
-0.35
60%
-1.06
60%
0.74
80%
0.65
60%
-0.30
50%
1.39
90%
-0.08
60%
-1.02
30%
0.30
60%
0.42
30%
0.66
70%
 Capital Growth on monthly avg returns
100
100.02
99.67
98.61
99.34
99.98
99.68
101.07
100.98
99.95
100.26
100.68
101.35
Best 4.8
2019
3.4
2014
3.3
2016
4.4
2020
6.3
2020
4.2
2016
3.9
2020
2.0
2017
3.2
2013
2.5
2013
10.1
2022
2.9
2019
Worst -3.4
2022
-5.5
2022
-15.0
2020
-6.7
2022
-4.9
2013
-6.2
2022
-0.3
2014
-2.7
2022
-6.6
2022
-2.5
2018
-4.3
2016
-2.7
2014
Monthly Seasonality over the period Jan 2013 - Dec 2022
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.60
63%
0.40
63%
0.20
61%
1.23
79%
0.60
58%
0.63
68%
1.14
76%
0.56
68%
0.31
58%
0.46
68%
1.37
61%
2.29
87%
 Capital Growth on monthly avg returns
100
100.60
101.01
101.21
102.45
103.07
103.71
104.90
105.49
105.82
106.30
107.76
110.23
Best 6.9
1996
5.9
2000
6.8
1999
8.3
1999
7.4
1995
4.7
2000
4.1
1997
8.2
2002
7.8
1998
8.4
2002
10.1
2022
17.7
2008
Worst -7.0
2009
-6.3
1996
-15.0
2020
-7.2
2004
-6.3
1999
-7.0
2002
-6.9
2002
-27.9
1998
-7.1
2008
-19.4
2008
-4.4
2010
-2.7
2014
Monthly Seasonality over the period Jan 1985 - Dec 2022

Monthly/Yearly Returns

iShares JP Morgan USD Em Mkts Bd (EMB) ETF data source starts from January 1985: let's focus on monthly and yearly returns.

We are providing two different views:
  • Histogram: it shows the distribution of the returns recorded so far
  • Plain Table: it shows the detailed monthly and yearly returns
MONTHLY RETURNS HISTOGRAM
Jan 1985 - Dec 2022
308 Positive Months (68%) - 148 Negative Months (32%)
MONTHLY RETURNS TABLE
Jan 1985 - Dec 2022
(Scroll down to see all data)
Swipe left to see all data
Yearly Return(%)
Monthly Return(%)
Year Total Infl.Adj Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022
-18.64 -23.58 -3.4 -5.5 -1.1 -6.7 0.8 -6.2 3.6 -2.7 -6.6 -0.2 10.1 -1.4
2021
-2.24 -8.66 -1.8 -3.0 -0.7 2.4 1.0 0.9 0.6 0.9 -2.6 0.2 -1.9 2.2
2020
+5.42 +4.01 1.2 -1.3 -15.0 4.4 6.3 3.0 3.9 0.7 -2.1 -0.5 4.2 2.2
2019
+15.48 +12.90 4.8 0.4 1.5 0.2 0.5 3.5 0.7 1.6 -1.1 0.6 -1.0 2.9
2018
-5.47 -7.24 -0.6 -2.2 0.6 -2.1 -0.8 -1.5 2.6 -2.3 2.0 -2.5 -0.5 1.9
2017
+10.28 +8.01 1.7 1.7 0.5 1.7 0.8 -0.7 1.2 2.0 -0.2 0.2 -0.3 1.2
2016
+9.26 +7.04 0.0 1.8 3.3 1.6 -0.2 4.2 1.4 1.3 0.4 -1.7 -4.3 1.5
2015
+1.04 +0.30 1.9 1.0 0.0 1.2 -0.3 -1.8 0.1 -1.1 -1.1 2.4 0.3 -1.5
2014
+6.05 +5.25 -0.8 3.4 1.2 1.1 3.5 0.0 -0.3 1.3 -2.2 2.0 -0.4 -2.7
2013
-7.79 -9.15 -2.9 0.3 -0.9 3.6 -4.9 -4.4 0.2 -2.4 3.2 2.5 -2.0 0.3
2012
+16.92 +14.91 1.1 2.5 -0.1 1.8 -2.8 4.1 3.7 1.2 1.8 0.6 1.2 0.7
2011
+7.64 +4.54 -1.0 -0.1 1.6 1.7 1.4 0.6 2.0 0.5 -4.8 5.2 -1.3 1.9
2010
+10.83 +9.20 -0.5 1.3 2.6 0.5 -1.8 2.4 4.1 2.6 1.6 1.9 -4.4 0.4
2009
+15.38 +12.33 -7.0 -5.6 5.1 7.7 2.9 1.0 3.1 2.4 5.2 -0.5 0.8 0.2
2008
-2.14 -2.23 0.9 -0.4 0.1 1.2 0.1 -2.0 0.8 0.7 -7.1 -19.4 9.5 17.7
2007
+5.61 +1.47 -0.8 1.7 1.3 1.3 0.0 -1.9 -1.3 0.8 3.2 1.7 -0.6 0.3
2006
+9.78 +7.06 1.2 2.3 -2.2 0.1 -2.3 0.2 3.4 2.4 0.4 1.5 1.6 0.9
2005
+11.75 +8.06 0.8 0.7 -2.9 2.0 3.1 1.7 -0.2 2.3 1.8 -1.9 1.7 2.2
2004
+12.24 +8.70 1.1 -0.4 2.5 -7.2 -0.8 1.8 2.7 5.0 1.7 1.7 1.0 3.0
2003
+32.55 +30.11 2.3 4.2 3.7 6.5 4.1 -0.4 -4.0 3.1 3.7 0.9 1.8 3.0
2002
+12.81 +10.19 2.5 4.6 0.2 1.3 -1.2 -7.0 -6.9 8.2 -4.3 8.4 3.7 4.1
2001
+28.20 +26.24 4.3 -0.4 0.8 0.6 2.3 3.1 0.8 5.1 -3.6 4.2 5.4 3.0
2000
+14.59 +10.83 -2.2 5.9 2.5 -1.9 -1.9 4.7 2.4 3.5 -1.3 -1.7 0.5 3.6
1999
+26.59 +23.28 -3.5 2.0 6.8 8.3 -6.3 3.0 -0.6 -0.2 4.5 3.2 2.7 4.7
1998
-11.76 -13.16 0.1 2.9 3.0 0.3 -3.2 -3.3 1.5 -27.9 7.8 5.2 8.0 -1.2
1997
+16.85 +14.90 3.2 3.2 -4.1 3.8 4.3 3.1 4.1 0.0 3.3 -10.2 2.8 3.4
1996
+36.82 +32.42 6.9 -6.3 1.4 4.5 1.4 2.9 2.3 3.5 7.0 1.6 6.0 1.3
1995
+25.86 +22.74 0.6 -3.0 -4.1 7.8 7.4 1.6 -0.2 2.3 2.9 -0.3 2.6 6.4
1994
-8.36 -10.74 0.7 -3.7 -3.0 -0.2 -1.1 -1.9 1.0 0.1 -0.3 0.6 0.4 -1.4
1993
+23.34 +20.04 2.2 2.1 1.4 0.3 0.2 3.2 2.0 2.8 0.2 2.6 0.0 4.1
1992
+9.76 +6.66 -1.8 0.2 -0.6 0.6 3.9 0.3 3.1 -0.2 0.3 -1.3 0.7 4.2
1991
+24.60 +20.90 1.5 2.5 0.3 1.5 1.6 -1.4 1.4 3.8 2.6 1.6 -0.5 7.7
1990
+3.13 -2.81 -2.7 -0.6 -0.2 -1.9 3.7 2.1 2.4 -4.9 -1.9 3.2 2.6 1.7
1989
+14.19 +9.11 2.0 0.5 -0.4 1.9 2.5 1.7 1.6 -0.4 0.8 1.2 1.1 0.9
1988
+7.65 +3.10 4.9 1.1 -1.5 -0.4 -0.7 2.9 -0.8 -0.3 1.6 1.0 -0.6 0.3
1987
-5.21 -9.23 2.8 0.9 -2.2 -3.1 -1.9 0.8 1.5 -0.7 -2.6 -0.7 -0.5 0.5
1986
+11.98 +10.76 -0.2 4.5 3.1 0.0 -2.8 2.2 0.4 3.2 -2.7 1.8 -1.1 3.0
1985
+20.92 +16.50 3.2 -3.5 3.0 0.1 4.4 1.3 -1.0 3.0 0.4 2.2 2.7 3.7

ETF Returns, up to December 2007, are simulated. They have been calculated using the historical series of equivalent ETFs / Assets.

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