- ISIN
- US46641Q7464
- CUSIP
- 46641Q746
- Issuer
- JPMorgan
- Inception Date
- Jan 29, 2018
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- J.P. Morgan Emerging Markets Risk-Aware Bond Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $64M
Share Price Chart
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Performance
JPMB Performance Chart
JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) is up 2.1% since the beginning of the year. JPMB is currently trading at $40 per share. Investors who bought $1,000 worth of JPMB shares 5 years ago would now be looking at an investment worth $1,075.
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Returns By Period
JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) has returned 2.06% so far this year and 10.99% over the past 12 months.
JPMorgan USD Emerging Markets Sovereign Bond ETF
- 1D
- -0.42%
- 1M
- 1.87%
- YTD
- 2.06%
- 6M
- 2.09%
- 1Y
- 10.99%
- 3Y*
- 7.82%
- 5Y*
- 1.46%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
JPMB Monthly Returns History
Based on dividend-adjusted daily data since Jan 31, 2018, JPMB's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2022 with a return of +8.7%, while the worst month was Mar 2020 at -15.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, JPMB closed higher 51% of trading days. The best single day was Mar 20, 2020 with a return of +4.8%, while the worst single day was Mar 18, 2020 at -7.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.18% | 1.54% | -3.52% | 2.60% | 0.97% | 0.38% | 2.06% | ||||||
| 2025 | 1.47% | 2.25% | -0.70% | -0.89% | 1.41% | 2.49% | 0.88% | 1.97% | 2.21% | 1.43% | 0.12% | 0.37% | 13.73% |
| 2024 | -1.65% | -0.20% | 1.31% | -2.55% | 2.75% | -0.11% | 2.41% | 2.22% | 1.91% | -2.91% | 1.13% | -2.61% | 1.46% |
| 2023 | 3.10% | -2.23% | 1.74% | 0.33% | -1.50% | 1.84% | 1.65% | -1.50% | -3.05% | -1.47% | 5.79% | 4.85% | 9.48% |
| 2022 | -3.18% | -5.68% | -0.93% | -6.03% | 0.54% | -5.76% | 4.44% | -2.11% | -6.02% | 0.47% | 8.67% | -0.65% | -16.05% |
| 2021 | -1.55% | -2.74% | -1.00% | 1.91% | 1.17% | 0.92% | 0.38% | 0.73% | -2.32% | 0.32% | -1.95% | 2.00% | -2.26% |
Benchmark Metrics
JPMorgan USD Emerging Markets Sovereign Bond ETF has an annualized alpha of -0.40%, beta of 0.26, and R2 of 0.28 versus S&P 500 Index. Calculated based on daily prices since January 31, 2018.
- This ETF participated in 53.39% of S&P 500 Index downside but only 32.43% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.26 may look defensive, but with R2 of 0.28 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.28 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.40%
- Beta
- 0.26
- R²
- 0.28
- Upside Capture
- 32.43%
- Downside Capture
- 53.39%
Expense Ratio
JPMB has an expense ratio of 0.39%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JPMB ranks 62 for risk / return — better than 62% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JPMB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.78 | -0.39 |
| Martin ratioReturn relative to average drawdown | 10.17 | 12.44 | -2.27 |
Dividends
Dividend History
JPMorgan USD Emerging Markets Sovereign Bond ETF provided a 5.77% dividend yield over the last twelve months, with an annual payout of $2.32 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.32 | $2.71 | $2.40 | $2.39 | $1.91 | $2.07 | $2.21 | $2.32 | $2.09 |
Dividend yield | 5.77% | 6.71% | 6.32% | 5.99% | 4.94% | 4.29% | 4.29% | 4.51% | 4.58% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan USD Emerging Markets Sovereign Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.18 | $0.19 | $0.19 | $0.21 | $0.19 | $0.97 | ||||||
| 2025 | $0.00 | $0.43 | $0.21 | $0.20 | $0.33 | $0.19 | $0.20 | $0.20 | $0.20 | $0.20 | $0.18 | $0.39 | $2.71 |
| 2024 | $0.00 | $0.19 | $0.18 | $0.20 | $0.21 | $0.21 | $0.20 | $0.20 | $0.21 | $0.20 | $0.20 | $0.42 | $2.40 |
| 2023 | $0.00 | $0.23 | $0.20 | $0.22 | $0.17 | $0.19 | $0.19 | $0.20 | $0.20 | $0.16 | $0.21 | $0.42 | $2.39 |
| 2022 | $0.00 | $0.16 | $0.17 | $0.16 | $0.17 | $0.16 | $0.15 | $0.16 | $0.18 | $0.17 | $0.17 | $0.26 | $1.91 |
| 2021 | $0.00 | $0.16 | $0.18 | $0.19 | $0.18 | $0.16 | $0.17 | $0.17 | $0.19 | $0.16 | $0.17 | $0.33 | $2.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the JPMorgan USD Emerging Markets Sovereign Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the JPMorgan USD Emerging Markets Sovereign Bond ETF was 26.33%, occurring on Mar 19, 2020. Recovery took 174 trading sessions.
The current JPMorgan USD Emerging Markets Sovereign Bond ETF drawdown is 0.42%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -26.33%Mar 2020 | 24d | 8mo 10d | 9mo 4dFeb 2020 - Nov 2020 |
Bear market2022 | -26.16%Oct 2022 | 1y 1mo | 2y 10mo | 4y 3dSep 2021 - Sep 2025 |
Rate-hike selloffLate 2018 | -7.42%Nov 2018 | 10mo | 3mo 1d | 1y 26dJan 2018 - Feb 2019 |
2021 pullback2021 | -6.60%Mar 2021 | 2mo 2d | 5mo 28d | 8moJan 2021 - Sep 2021 |
2026 pullback2026 | -4.61%Mar 2026 | 25d | 2mo 7d | 3mo 2dMar 2026 - Jun 2026 |
Drawdown Indicators
| JPMB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.33% | -56.78% | +30.45% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -9.10% | +4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -7.53% | -18.90% | +11.37% |
Max Drawdown (5Y)Largest decline over 5 years | -26.16% | -25.43% | -0.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.42% | -1.80% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -10.71% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 2.03% | -0.95% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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