AGHG.L vs. JMBA.L

Last updated Jul 16, 2026

AGHG.L (Amundi Index Global Aggregate 500M UCITS ETF DR - Hedged GBP (D)) and JMBA.L (JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc)) are both Global Bonds funds - AGHG.L tracks the Bloomberg Global Aggregate TR Hdg GBP while JMBA.L tracks the JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc). Both are passively managed. Over the past 5 years, AGHG.L returned -0.09%/yr vs 1.66%/yr for JMBA.L. At a 0.37 correlation, their price movements are largely independent. AGHG.L charges 0.08%/yr vs 0.39%/yr for JMBA.L.

Performance

AGHG.L vs. JMBA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Index Global Aggregate 500M UCITS ETF DR - Hedged GBP (D) (AGHG.L) and JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc) (JMBA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AGHG.L is traded in GBp, while JMBA.L is traded in USD. To make them comparable, the JMBA.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, AGHG.L achieves a 0.52% return, which is significantly lower than JMBA.L's 1.18% return.

AGHG.L

• 1D: -0.01%
• 1M: -0.32%
• 6M: 0.25%
• YTD: 0.52%
• 1Y: 3.19%
• 3Y*: 3.60%
• 5Y*: -0.09%
• 10Y*: —

JMBA.L

• 1D: -1.01%
• 1M: -1.73%
• 6M: 1.34%
• YTD: 1.18%
• 1Y: 8.32%
• 3Y*: 6.06%
• 5Y*: 1.66%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGHG.L vs. JMBA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AGHG.L Amundi Index Global Aggregate 500M UCITS ETF DR - Hedged GBP (D)	0.52%	4.32%	2.99%	5.41%	-11.93%	-0.37%
JMBA.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc)	1.18%	5.19%	3.79%	4.04%	-6.16%	2.12%

Correlation

The correlation between AGHG.L and JMBA.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021	0.37

The correlation between AGHG.L and JMBA.L shifts across timeframes, from 0.31 (1 year) to 0.41 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

AGHG.L vs. JMBA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGHG.L

AGHG.L Risk / Return Rank: 34
AGHG.L Sharpe Ratio Rank: 37
AGHG.L Sortino Ratio Rank: 37
AGHG.L Omega Ratio Rank: 33
AGHG.L Calmar Ratio Rank: 33
AGHG.L Martin Ratio Rank: 32

JMBA.L

JMBA.L Risk / Return Rank: 69
JMBA.L Sharpe Ratio Rank: 70
JMBA.L Sortino Ratio Rank: 81
JMBA.L Omega Ratio Rank: 76
JMBA.L Calmar Ratio Rank: 53
JMBA.L Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGHG.L vs. JMBA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index Global Aggregate 500M UCITS ETF DR - Hedged GBP (D) (AGHG.L) and JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc) (JMBA.L). 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.

	AGHG.L	JMBA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.11	1.15	-0.03
Sortino ratio: Return per unit of downside risk	1.65	1.64	+0.01
Omega ratio: Gain probability vs. loss probability	1.19	1.20	0.00
Calmar ratio: Return relative to maximum drawdown	1.42	1.70	-0.28
Martin ratio: Return relative to average drawdown	3.84	4.70	-0.86

AGHG.L vs. JMBA.L - Sharpe Ratio Comparison

The current AGHG.L Sharpe Ratio is 1.11, which is comparable to the JMBA.L Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of AGHG.L and JMBA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AGHG.L vs. JMBA.L - Drawdown Comparison

The maximum AGHG.L drawdown since its inception was -15.71%, smaller than the maximum JMBA.L drawdown of -17.56%. Use the drawdown chart below to compare losses from any high point for AGHG.L and JMBA.L.

Drawdown Indicators

	AGHG.L	JMBA.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.71%	-17.56%	+1.85%
Max Drawdown (1Y) Largest decline over 1 year	-2.24%	-4.88%	+2.64%
Max Drawdown (3Y) Largest decline over 3 years	-4.02%	-8.79%	+4.77%
Max Drawdown (5Y) Largest decline over 5 years	-15.71%	-14.06%	-1.65%
Current Drawdown Current decline from peak	-1.82%	-3.18%	+1.36%
Average Drawdown Average peak-to-trough decline	-7.24%	-6.67%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	1.77%	-0.94%

Volatility

AGHG.L vs. JMBA.L - Volatility Comparison

The current volatility for Amundi Index Global Aggregate 500M UCITS ETF DR - Hedged GBP (D) (AGHG.L) is 0.78%, while JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc) (JMBA.L) has a volatility of 2.12%. This indicates that AGHG.L experiences smaller price fluctuations and is considered to be less risky than JMBA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGHG.L	JMBA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.78%	2.12%	-1.34%
Volatility (6M) Calculated over the trailing 6-month period	2.27%	5.95%	-3.68%
Volatility (1Y) Calculated over the trailing 1-year period	2.86%	7.23%	-4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.12%	9.33%	-5.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.11%	10.99%	-6.88%

AGHG.L vs. JMBA.L - Expense Ratio Comparison

AGHG.L has a 0.08% expense ratio, which is lower than JMBA.L's 0.39% expense ratio.

Dividends

AGHG.L vs. JMBA.L - Dividend Comparison

AGHG.L's dividend yield for the trailing twelve months is around 2.97%, while JMBA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
AGHG.L Amundi Index Global Aggregate 500M UCITS ETF DR - Hedged GBP (D)	2.97%	2.98%	2.77%	2.55%	2.18%	0.38%
JMBA.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AGHG.L and JMBA.L in my portfolio?

AGHG.L and JMBA.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AGHG.L or JMBA.L?

On fees, AGHG.L is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AGHG.L or JMBA.L?

AGHG.L is cheaper with a 0.08% expense ratio, compared with 0.39% for JMBA.L.

What is the main difference between AGHG.L and JMBA.L?

AGHG.L tracks Bloomberg Global Aggregate TR Hdg GBP, while JMBA.L tracks JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc). They also come from different issuers: Amundi and JPMorgan. Their fees differ too: 0.08% for AGHG.L and 0.39% for JMBA.L.