36B1.DE vs. JPBM.DE
36B1.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) and JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) are both Emerging Markets Bonds funds - 36B1.DE tracks the JP Morgan ESG EMBI Global Diversified while JPBM.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, 36B1.DE returned 2.41%/yr vs 2.50%/yr for JPBM.DE. A 0.80 correlation means they provide meaningful diversification when combined. 36B1.DE charges 0.45%/yr vs 0.39%/yr for JPBM.DE.
Performance
36B1.DE vs. JPBM.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with 36B1.DE having a 5.59% return and JPBM.DE slightly lower at 5.47%.
36B1.DE
- 1D
- -0.26%
- 1M
- 3.73%
- YTD
- 5.59%
- 6M
- 5.87%
- 1Y
- 12.51%
- 3Y*
- 7.12%
- 5Y*
- 2.41%
- 10Y*
- —
JPBM.DE
- 1D
- -0.43%
- 1M
- 3.61%
- YTD
- 5.47%
- 6M
- 5.74%
- 1Y
- 12.80%
- 3Y*
- 6.13%
- 5Y*
- 2.50%
- 10Y*
- —
36B1.DE vs. JPBM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 5.59% | 0.52% | 11.39% | 6.09% | -13.65% | 5.10% | -3.83% | 3.83% | -0.76% |
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 5.47% | 0.87% | 7.74% | 5.71% | -10.77% | 5.50% | -4.06% | 21.24% | 2.55% |
Correlation
The correlation between 36B1.DE and JPBM.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2018 | 0.80 |
The correlation between 36B1.DE and JPBM.DE has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.
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Return for Risk
36B1.DE vs. JPBM.DE — Risk / Return Rank
36B1.DE
JPBM.DE
36B1.DE vs. JPBM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) and JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| 36B1.DE | JPBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.34 | 4.16 | +0.18 |
| Martin ratioReturn relative to average drawdown | 12.59 | 12.20 | +0.39 |
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Drawdowns
36B1.DE vs. JPBM.DE - Drawdown Comparison
The maximum 36B1.DE drawdown since its inception was -22.35%, smaller than the maximum JPBM.DE drawdown of -25.94%. Use the drawdown chart below to compare losses from any high point for 36B1.DE and JPBM.DE.
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Drawdown Indicators
| 36B1.DE | JPBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.35% | -25.94% | +3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -3.07% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -12.32% | -12.49% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -16.23% | -14.10% | -2.13% |
Current DrawdownCurrent decline from peak | -0.26% | -0.43% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -9.28% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.05% | -0.06% |
Volatility
36B1.DE vs. JPBM.DE - Volatility Comparison
iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) has a higher volatility of 1.67% compared to JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) at 1.55%. This indicates that 36B1.DE's price experiences larger fluctuations and is considered to be riskier than JPBM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B1.DE | JPBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.55% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.13% | 4.13% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.15% | 5.93% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.53% | 8.49% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.18% | 14.89% | -4.71% |
36B1.DE vs. JPBM.DE - Expense Ratio Comparison
36B1.DE has a 0.45% expense ratio, which is higher than JPBM.DE's 0.39% expense ratio.
Dividends
36B1.DE vs. JPBM.DE - Dividend Comparison
36B1.DE's dividend yield for the trailing twelve months is around 5.61%, which matches JPBM.DE's 5.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 5.61% | 5.96% | 5.31% | 5.52% | 5.19% | 3.36% | 3.81% | 4.65% | 0.44% |
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 5.66% | 6.24% | 5.67% | 5.42% | 5.58% | 3.96% | 4.40% | 4.40% | 4.04% |
Frequently Asked Questions
36B1.DE and JPBM.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPBM.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPBM.DE is cheaper with a 0.39% expense ratio, compared with 0.45% for 36B1.DE.
36B1.DE tracks JP Morgan ESG EMBI Global Diversified, while JPBM.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.45% for 36B1.DE and 0.39% for JPBM.DE.
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