Comparison window: 5 May 2022 → 31 Jul 2026 (max: from the most recent launch) · currency: 🇪🇺 EUR · inflation: 🇮🇹 Italy · distributions: reinvested where declared
Report produced on 10 September 2026 · data as of the dates shown per section Sources: official issuer documents (KID, factsheet, declared NAV series and holdings), ESMA register, ECB rates, Eurostat Public methodology: rebalix.com/en/methodology
Informational document generated by rebalix.com — facts side by side, no recommendations. It does not constitute investment advice or investment research under Directive 2014/65/EU (MiFID II). Past performance is not indicative of future results.
From official issuer documents and the ESMA register
EMD5IE00BLRPQP15L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETFBonds · Government USD · 0-5 years · Emerging markets
Declared index
J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index
TER
0.25%
Transaction (KID)
0.02%
Fund size
910 mln EUR
Launch
9 Dec 2020
Currency
USD
Replication
Physical (sampled)
Hedging
No
Holdings
0
Duration
2.52 yrs
Distributions 12m
0.4337 USD
Effective 🇮🇹 rate
—
EMGHIE000MINO564L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF · EUR HedgedBonds · Government USD · 0-5 years · Emerging markets
Declared index
J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index
TER
0.28%
Transaction (KID)
0.02%
Fund size
910 mln EUR
Launch
11 May 2022
Currency
EUR
Replication
Physical (sampled)
Hedging
Yes — in EUR
Holdings
0
Duration
2.52 yrs
Distributions 12m
acc.
Effective 🇮🇹 rate
—
Tracking difference — year by year
Fund minus index, from issuer-declared series (complete calendar years). Each measures adherence to its OWN index.
EMD5 — L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF · IE00BLRPQP15 · Bonds · Government USD · 0-5 years · Emerging markets
EMGH — L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF · EUR Hedged · IE000MINO564 · Bonds · Government USD · 0-5 years · Emerging markets
Performance over the period, in euro
From 5 May 2022 to 31 Jul 2026 · base 100 · ECB rates, dividends reinvested where declared
In euro (nominal)
In today’s purchasing power (net of Italy inflation)
Same scale in both panels: the gap between endpoints is Italian inflation over the period (Eurostat). Volatility stays nominal, as everywhere on the site.
How far they fell — drawdown from peak (nominal)
In euro · distance from the previous peak, day by day, on NAV: for distributing classes it includes ex-dividend drops (slightly deeper than total return)
Filled area: EMD5; thin lines: the other funds.
The worst episode, fund by fund
Fund
Max drawdown
Trough
Recovery time
Underwater
EMD5
−13.7%
24 Jul 2025
not yet
564 days (ongoing)
EMGH
−6.4%
21 Oct 2022
399 days
543 days · back to break-even on 24 Nov 2023
"Recovery time" = the climb only: trough to break-even (0%). "Underwater" = decline + recovery: peak to break-even.
Drawdown net of Italy inflation
Same curve in purchasing-power terms: as on the site, drawdown follows the real view (volatility stays nominal, per methodology)
In real terms declines are deeper and recoveries slower. Monthly price index (Eurostat), held at the last published value.
"—" = not published by the source, never estimated
EMD5 — L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF · IE00BLRPQP15 · Bonds · Government USD · 0-5 years · Emerging markets
EMGH — L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF · EUR Hedged · IE000MINO564 · Bonds · Government USD · 0-5 years · Emerging markets
Metric
EMD5
EMGH
Note
Identity
Category
Bonds · Government USD · 0-5 years · Emerging markets
Bonds · Government USD · 0-5 years · Emerging markets
Rebalix engine classification
Replication
Physical (sampled)
Physical (sampled)
as declared by the issuer
Currency hedging
No
Yes — hedged to EUR
source: class name, factsheet
Income policy
distributing
accumulating
—
Costs
TER
0.25%
0.28%
from the KID
Transaction costs (KID)
0.02%
0.02%
internal
All-in cost
0.27%
0.30%
TER + transaction
Tracking difference (3a)
−0.37%
—
vs its OWN index
Performance in euro (ECB rates)
1 year
+5.8%
+3.3%
—
3 years
+20.9%
+19.0%
—
5 years
+19.6%
—
—
10 years
—
—
— = series younger than the window
Risk · last 3 years
Volatility (ann.)
+4.47%
+2.25%
—
Max drawdown
−3.49%
−2.02%
—
Sharpe
-0.16
1.28
risk-free = ECB MRO avg
Sortino
-0.18
1.96
like Sharpe, downside only
Fixed income
Duration
2.52 yrs (mod.)
2.52 yrs (mod.)
EMD5: factsheet 30 Jun 2026 · EMGH: factsheet 30 Jun 2026
Duration band
short (≤3 years)
short (≤3 years)
short ≤3 · medium 3–7 · long >7 yrs
Investment-grade share
51.3%
51.3%
BBB−/Baa3 and above
Heaviest rating bucket
BBB (35.8%)
BBB (35.8%)
—
Most represented maturity
0–5 years (98.1%)
0–5 years (98.1%)
—
Distributions (fund currency)
Frequency
semi-annual
accumulating class
—
Distributions, last 12 months
0.4337 USD
accumulating class
per share
Distribution yield
4.75%
accumulating class
12 months / NAV
Last ex-date
16 Jul 2026 · 0.2063 USD
accumulating class
—
Italian taxation
Effective capital-gains rate
—
—
white list, current half-year
Documents & exchanges
Listing venues
9
9
ESMA register
Borsa Italiana ticker
EMD5
EMGH
—
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~171 euro EMD5 · ~190 euro EMGH. Broker costs not included.
Disclaimer
This document is for information only and does not constitute investment advice under Directive 2014/65/EU (MiFID II), investment research, a personal recommendation, or an offer or solicitation to buy or sell financial instruments.
Past performance is not indicative of, nor a guarantee of, future results. The value of an investment can go down as well as up and investors may not get back the capital invested. Euro returns are affected by currency fluctuations.
Before any investment decision, read the KID and the Prospectus, available from the issuers. Tax treatment depends on individual circumstances and may change.
Data come from official issuer documents and public registers, following the public methodology at rebalix.com/en/methodology. "—" fields were not published by the source and have not been estimated. Rebalix receives no compensation from the issuers mentioned.