Skip to Content
ETFs

iShares J.P. Morgan EM Local Currency Bond ETF

LEMB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 18 2011
Expense Ratio
0.30%
Type
Global Ex. US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$6,038,819
AUM
$546,794,833
Associated Index
J.P. Morgan GBI-EM Global Diversified 15% Cap 4.5% Floor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
URUGUAY (ORIENTAL REPUBLIC OF)
2.86%
n/a
DOMINICAN REPUBLIC (GOVERNMENT) RegS
2.53%
n/a
SERBIA (REPUBLIC OF)
1.60%
RSO18174
Serbia - 5.875% BD REDEEM 08/02/2028 RSD 10000
1.51%
RSOB19181
Serbia - 4.50% BD REDEEM 11/01/2026 RSD 10000
1.38%
n/a
Dominican Republic 9.75 % Bonds 2019-05.06.26 Dual Currency Reg S
1.26%
BTP0250325
Chile - 2.50% BD REDEEM 01/03/2025 CLP
0.88%
n/a
URUGUAY (ORIENTAL REPUBLIC OF) RegS
0.88%
n/a
TURKEY (REPUBLIC OF)
0.86%
n/a
URUGUAY (ORIENTAL REPUBLIC OF)
0.79%
Invest with LEMB

What is LEMB?

The Fund seeks to track the investment results of the J.P. Morgan GBI-EM Global Diversified 15% Cap 4.5% Floor Index (the Underlying Index ), which tracks the performance of local currency-denominated sovereign bond markets of emerging market countries. All bonds included in the Underlying Index are selected according to a set of rule-based inclusion criteria regarding issue size, bond type, maturity, and liquidity. The securities included in the Underlying Index are rebalanced on the last weekday of the month. Eligible countries included in the Underlying Index are determined by JPMorgan Chase & Co. or its affiliates (the Index Provider or J.P. Morgan ) based on the Index Provider s definition of emerging market countries. Prior to the selection of the Underlying Index on June 1, 2017, the Fund tracked the Bloomberg Barclays Emerging Markets Broad Local Currency Bond Index.

ETFs related toLEMB

ETFs correlated to LEMB include EMLC, EBND, FEMB

LEMB
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM Local Currency Bond ETF
EMLC
VanEck ETF Trust - VanEck J.P. Morgan EM Local Currency Bond ETF
EBND
SPDR Series Trust - SPDR Bloomberg Emerging Markets Local Bond ETF
FEMB
First Trust Exchange-Traded Fund III - First Trust Emerging Markets Local Currency Bond ETF
IGOV
BlackRock Institutional Trust Company N.A. - iShares International Treasury Bond ETF
BWX
SPDR Series Trust - SPDR Bloomberg International Treasury Bond ETF
UDN
Invesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bearish Fund -1x Shares
IBND
SPDR Series Trust - SPDR Bloomberg International Corporate Bond ETF
FXE
Rydex Investments - Invesco CurrencyShares Euro Trust
RPAR
Tidal ETF Trust - RPAR Risk Parity ETF
EFAV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Min Vol Factor ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toLEMB

#ROT

Ride the Oil Trend

Category

Featured, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with LEMB using Composer

FAQ

LEMB is a Global Ex. US Bonds ETF. The Fund seeks to track the investment results of the J.P. Morgan GBI-EM Global Diversified 15% Cap 4.5% Floor Index (the Underlying Index ), which tracks the performance of local currency-denominated sovereign bond markets of emerging market countries. All bonds included in the Underlying Index are selected according to a set of rule-based inclusion criteria regarding issue size, bond type, maturity, and liquidity. The securities included in the Underlying Index are rebalanced on the last weekday of the month. Eligible countries included in the Underlying Index are determined by JPMorgan Chase & Co. or its affiliates (the Index Provider or J.P. Morgan ) based on the Index Provider s definition of emerging market countries. Prior to the selection of the Underlying Index on June 1, 2017, the Fund tracked the Bloomberg Barclays Emerging Markets Broad Local Currency Bond Index.

LEMB tracks the J.P. Morgan GBI-EM Global Diversified 15% Cap 4.5% Floor Index.

No, LEMB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, LEMB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on LEMB is -0.0319%. This is the percent change in the value of LEMB over the most recent 1-month period. The 3-month return on LEMB is -0.0525%. This is the percent change in the value of LEMB over the most recent 3-month period.

The standard deviation of LEMB for the past year is 0.0937%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to LEMB include SHY, BIL, and TLT.

ETFs correlated to LEMB include EMLC, EBND, and FEMB.

ETFs that are inversely correlated to LEMB include USDU, UUP, and EUO.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.