CEMB vs. JPEE.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares J.P. Morgan EM Corporate Bond ETF (CEMB) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L).

CEMB and JPEE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEMB is a passively managed fund by iShares that tracks the performance of the JP Morgan CEMBI Broad Diversified. It was launched on Apr 17, 2012. JPEE.L is a passively managed fund by iShares that tracks the performance of the JPM EMBI Global Diversified TR USD. It was launched on Apr 13, 2017. Both CEMB and JPEE.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CEMB vs. JPEE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares J.P. Morgan EM Corporate Bond ETF (CEMB) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L). The values are adjusted to include any dividend payments, if applicable.

CEMB vs. JPEE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CEMB iShares J.P. Morgan EM Corporate Bond ETF	-0.52%	8.86%	5.81%	8.37%	-12.58%	-0.59%	6.77%	13.90%	-2.57%	0.05%
JPEE.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)	-1.38%	14.20%	5.65%	9.93%	-18.63%	-1.37%	5.06%	15.84%	-5.54%	0.99%

Different Trading Currencies

CEMB is traded in USD, while JPEE.L is traded in EUR. To make them comparable, the JPEE.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CEMB achieves a -0.52% return, which is significantly higher than JPEE.L's -1.38% return.

CEMB

• 1D: -0.06%
• 1M: -1.84%
• YTD: -0.52%
• 6M: 0.37%
• 1Y: 5.38%
• 3Y*: 6.58%
• 5Y*: 1.79%
• 10Y*: 3.61%

JPEE.L

• 1D: 0.70%
• 1M: -2.59%
• YTD: -1.38%
• 6M: 1.43%
• 1Y: 9.27%
• 3Y*: 8.66%
• 5Y*: 1.95%
• 10Y*: —

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

CEMB vs. JPEE.L - Expense Ratio Comparison

CEMB has a 0.50% expense ratio, which is higher than JPEE.L's 0.45% expense ratio.

CEMB

iShares J.P. Morgan EM Corporate Bond ETF

JPEE.L

iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)

Return for Risk

CEMB vs. JPEE.L — Risk / Return Rank

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

CEMB

CEMB Risk / Return Rank: 68
CEMB Sharpe Ratio Rank: 70
CEMB Sortino Ratio Rank: 65
CEMB Omega Ratio Rank: 73
CEMB Calmar Ratio Rank: 67
CEMB Martin Ratio Rank: 66

JPEE.L

JPEE.L Risk / Return Rank: 17
JPEE.L Sharpe Ratio Rank: 16
JPEE.L Sortino Ratio Rank: 14
JPEE.L Omega Ratio Rank: 15
JPEE.L Calmar Ratio Rank: 18
JPEE.L Martin Ratio Rank: 20

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.

CEMB vs. JPEE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan EM Corporate Bond ETF (CEMB) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.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.

	CEMB	JPEE.L	Difference
Sharpe ratio Return per unit of total volatility	1.27	1.14	+0.13
Sortino ratio Return per unit of downside risk	1.70	1.59	+0.10
Omega ratio Gain probability vs. loss probability	1.28	1.23	+0.05
Calmar ratio Return relative to maximum drawdown	1.79	1.73	+0.06
Martin ratio Return relative to average drawdown	7.02	8.29	-1.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEMB vs. JPEE.L - Sharpe Ratio Comparison

The current CEMB Sharpe Ratio is 1.27, which is comparable to the JPEE.L Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of CEMB and JPEE.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CEMB	JPEE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	1.14	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.21	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.23	+0.24

Correlation

The correlation between CEMB and JPEE.L is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CEMB vs. JPEE.L - Dividend Comparison

CEMB's dividend yield for the trailing twelve months is around 5.22%, while JPEE.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CEMB iShares J.P. Morgan EM Corporate Bond ETF	5.22%	5.14%	5.11%	4.77%	4.29%	3.51%	3.86%	4.19%	4.66%	4.06%	4.26%	4.76%
JPEE.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

CEMB vs. JPEE.L - Drawdown Comparison

The maximum CEMB drawdown since its inception was -20.84%, smaller than the maximum JPEE.L drawdown of -28.48%. Use the drawdown chart below to compare losses from any high point for CEMB and JPEE.L.

Drawdown Indicators

	CEMB	JPEE.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.84%	-25.89%	+5.05%
Max Drawdown (1Y) Largest decline over 1 year	-3.04%	-8.44%	+5.40%
Max Drawdown (5Y) Largest decline over 5 years	-20.48%	-15.87%	-4.61%
Max Drawdown (10Y) Largest decline over 10 years	-20.84%	—	—
Current Drawdown Current decline from peak	-2.20%	-2.53%	+0.33%
Average Drawdown Average peak-to-trough decline	-3.69%	-7.58%	+3.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	1.66%	-0.88%

Volatility

CEMB vs. JPEE.L - Volatility Comparison

The current volatility for iShares J.P. Morgan EM Corporate Bond ETF (CEMB) is 1.55%, while iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) has a volatility of 2.62%. This indicates that CEMB experiences smaller price fluctuations and is considered to be less risky than JPEE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEMB	JPEE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.55%	2.62%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	2.30%	3.97%	-1.67%
Volatility (1Y) Calculated over the trailing 1-year period	4.24%	8.09%	-3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.62%	9.21%	-3.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.39%	10.13%	-3.74%