Data as of Oct 28, 2026.

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EMB vs IUSB: Differences, Returns & Fees

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On Jul 31, 2026 EMB's duration was 6.5 years and IUSB's 5.5; IUSB charges 0.06% to EMB's 0.39%.

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Net assets: $13.2bn on Oct 28, 2026 for iShares J.P. Morgan USD Emerging Markets Bond ETF, and $49.8bn on Oct 27, 2026 for iShares Core Universal USD Bond ETF.

At a glance
−0.4%
EMB total return, 1 year
−1.2%
IUSB total return, 1 year
0.39%
EMB expense ratio
0.06%
IUSB expense ratio

Pair scorecard

IUSB costs 0.33 points a year less; their one-year returns differ by 0.8 points; IUSB is 3.8 times larger.

EMB vs IUSB: Differences, Returns & Fees
MeasureEMBIUSB
Return
Total return, 1 year−0.4%−1.2%
Drawdown
Below its high3.5%, high on Jun 29, 2026
Benchmark
What it tracksJ.P. Morgan EMBI Global Core IndexBloomberg U.S. Universal Index
Cost and size
Expense ratio0.39%0.06%
Net assets, as of Oct 27, 2026$13.2bn$49.8bn
Holdings
Holdings in common3%

Holdings in common uses holdings dated Jul 31, 2026. Method

What they share

3%

By the books each fund has filed, EMB and IUSB hold 3% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

0 half 100%

half

3% in common

Positions both hold · largest shared weight first EMB IUSB
Argentina Republic Government International Bonds, due Jul 9, 2035 1.21% 0.04%
Eagle Funding Luxco Sarl, due Aug 17, 2030 0.50% 0.03%
Argentina Republic Government International Bonds, due Jan 9, 2038 0.70% 0.03%
Argentina Republic Government International Bonds, due Jul 9, 2030 0.65% 0.02%
Argentina Republic Government International Bonds, due Jul 9, 2041 0.57% 0.02%
Petroleos Mexicanos, due Jan 23, 2050 0.31% 0.02%
Petroleos Mexicanos, due Feb 16, 2032 0.29% 0.02%
Ecuador Government International Bonds, due Jul 31, 2035 0.78% 0.01%
Saudi Government International Bonds, due Oct 26, 2046 0.22% 0.01%
Saudi Government International Bonds, due Mar 4, 2028 0.19% 0.01%
Mexico Government International Bond, due Aug 27, 2037 0.20% 0.01%
Petroleos Mexicanos, due Sep 21, 2047 0.20% 0.01%
Only in one fund ↓
Only in EMB
Latvia Government International Bond, due Jul 30, 2034 0.18%
Sinopec Group Overseas Development 2012 Ltd, due May 17, 2042 0.13%
Lebanon Government International Bond, due Nov 27, 2026 0.06%
Hazine Mustesarligi Varlik Kiralama AS, due Jul 2, 2032 0.05%
Lebanon Government International Bonds, due Mar 23, 2027 0.04%
Lebanon Government International Bond, due Jan 27, 2023 0.04%
SRC Sukuk Ltd, due Jan 14, 2032 0.02%
SRC Sukuk Ltd, due Jul 14, 2036 0.02%
Only in IUSB
Uniform Mortgage-Backed Securities, due Aug 25, 2056 0.41%
U.S. Treasury Notes, due Dec 31, 2029 0.37%
U.S. Treasury Notes, due May 15, 2036 0.37%
U.S. Treasury Notes, due Feb 15, 2034 0.36%
U.S. Treasury Notes, due Feb 15, 2035 0.35%
U.S. Treasury Notes, due Aug 15, 2035 0.34%
U.S. Treasury Notes, due May 15, 2034 0.34%
U.S. Treasury Notes, due Nov 15, 2034 0.34%
Check overlap with more funds →

Side by side

EMB iShares J.P. Morgan USD Emerging Markets Bond ETF IUSB iShares Core Universal USD Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks the J.P. Morgan USD Emerging Markets Bond Tracks an index of Universal USD Bond
Total return, 1 year −0.4% −1.2%
Expense ratio 0.39% 0.06%
Holdings 622 18338
Net assets, EMB as of Oct 28, 2026 and IUSB as of Oct 27, 2026 $13.2bn $49.8bn

EMB and IUSB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
EMB

EMB tracks the J.P. Morgan USD Emerging Markets Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.39% a year. It sat 3.5% below its high of Jun 29, 2026 on Oct 28, 2026.

IUSB

IUSB tracks an index of Universal USD Bond. Over the year to Oct 28, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.06% a year.

Questions people ask

Which returned more over the last year, EMB or IUSB?
In the year to Oct 28, 2026, with distributions reinvested, EMB returned −0.4% and IUSB −1.2%.
Which is cheaper, EMB or IUSB?
IUSB is cheaper, by 0.33 percentage points a year. That is about $33 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, EMB against IUSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/emb-vs-iusb

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