DBLEX vs. JEMDX

Last updated Aug 1, 2026

DBLEX (DoubleLine Emerging Markets Fixed Income Fund) and JEMDX (JPMorgan Emerging Markets Debt Fund) are both Emerging Markets Bonds funds. Over the past 10 years, DBLEX returned 3.42%/yr vs 2.76%/yr for JEMDX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. DBLEX charges 0.90%/yr vs 0.83%/yr for JEMDX.

Performance

DBLEX vs. JEMDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Emerging Markets Fixed Income Fund (DBLEX) and JPMorgan Emerging Markets Debt Fund (JEMDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBLEX achieves a 1.00% return, which is significantly lower than JEMDX's 1.34% return. Over the past 10 years, DBLEX has outperformed JEMDX with an annualized return of 3.42%, while JEMDX has yielded a comparatively lower 2.76% annualized return.

DBLEX

• 1D: -0.11%
• 1M: -0.56%
• 6M: 0.28%
• YTD: 1.00%
• 1Y: 3.76%
• 3Y*: 7.40%
• 5Y*: 1.82%
• 10Y*: 3.42%
• ALL TIME*: 4.20%

JEMDX

• 1D: -0.15%
• 1M: -1.23%
• 6M: 0.19%
• YTD: 1.34%
• 1Y: 9.00%
• 3Y*: 8.97%
• 5Y*: 1.63%
• 10Y*: 2.76%
• ALL TIME*: 6.10%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DBLEX DoubleLine Emerging Markets Fixed Income Fund	$0.00	$0.00	$0.00
JEMDX JPMorgan Emerging Markets Debt Fund	$0.00	$0.00	$0.00

DBLEX vs. JEMDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBLEX DoubleLine Emerging Markets Fixed Income Fund	1.00%	8.39%	8.20%	9.64%	-15.30%	1.97%	4.85%	11.80%	-3.20%	8.48%
JEMDX JPMorgan Emerging Markets Debt Fund	1.34%	13.87%	7.37%	10.17%	-18.60%	-3.22%	5.37%	13.86%	-5.82%	10.25%

Correlation

The correlation between DBLEX and JEMDX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (10Y) Provides a long-term view across more market conditions.	0.69
Correlation (All Time) Calculated using the full available price history since Apr 6, 2010	0.67

The correlation between DBLEX and JEMDX shifts across timeframes, from 0.66 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

DBLEX vs. JEMDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DBLEX

DBLEX Risk / Return Rank: 74
DBLEX Sharpe Ratio Rank: 78
DBLEX Sortino Ratio Rank: 78
DBLEX Omega Ratio Rank: 82
DBLEX Calmar Ratio Rank: 64
DBLEX Martin Ratio Rank: 66

JEMDX

JEMDX Risk / Return Rank: 68
JEMDX Sharpe Ratio Rank: 80
JEMDX Sortino Ratio Rank: 82
JEMDX Omega Ratio Rank: 82
JEMDX Calmar Ratio Rank: 46
JEMDX Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DBLEX vs. JEMDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Emerging Markets Fixed Income Fund (DBLEX) and JPMorgan Emerging Markets Debt Fund (JEMDX). 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.

	DBLEX	JEMDX	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.90	-0.06
Sortino ratio: Return per unit of downside risk	2.72	2.88	-0.17
Omega ratio: Gain probability vs. loss probability	1.38	1.39	0.00
Calmar ratio: Return relative to maximum drawdown	2.15	1.79	+0.36
Martin ratio: Return relative to average drawdown	8.34	7.15	+1.19

DBLEX vs. JEMDX - Sharpe Ratio Comparison

The current DBLEX Sharpe Ratio is 1.84, which is comparable to the JEMDX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of DBLEX and JEMDX, 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

DBLEX vs. JEMDX - Drawdown Comparison

The maximum DBLEX drawdown since its inception was -25.43%, smaller than the maximum JEMDX drawdown of -38.84%. Use the drawdown chart below to compare losses from any high point for DBLEX and JEMDX.

Drawdown Indicators

	DBLEX	JEMDX	Difference
Max Drawdown Largest peak-to-trough decline	-25.43%	-38.84%	+13.41%
Max Drawdown (1Y) Largest decline over 1 year	-1.81%	-5.14%	+3.33%
Max Drawdown (3Y) Largest decline over 3 years	-4.43%	-6.32%	+1.89%
Max Drawdown (5Y) Largest decline over 5 years	-25.43%	-30.83%	+5.40%
Max Drawdown (10Y) Largest decline over 10 years	-25.43%	-30.83%	+5.40%
Current Drawdown Current decline from peak	-0.82%	-1.97%	+1.15%
Average Drawdown Average peak-to-trough decline	-3.45%	-6.07%	+2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	1.29%	-0.82%

Volatility

DBLEX vs. JEMDX - Volatility Comparison

The current volatility for DoubleLine Emerging Markets Fixed Income Fund (DBLEX) is 0.54%, while JPMorgan Emerging Markets Debt Fund (JEMDX) has a volatility of 1.04%. This indicates that DBLEX experiences smaller price fluctuations and is considered to be less risky than JEMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBLEX	JEMDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.54%	1.04%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	1.63%	4.11%	-2.48%
Volatility (1Y) Calculated over the trailing 1-year period	2.12%	4.84%	-2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.51%	6.94%	-2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.64%	7.14%	-2.50%

DBLEX vs. JEMDX - Expense Ratio Comparison

DBLEX has a 0.90% expense ratio, which is higher than JEMDX's 0.83% expense ratio.

Dividends

DBLEX vs. JEMDX - Dividend Comparison

DBLEX's dividend yield for the trailing twelve months is around 5.11%, less than JEMDX's 5.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBLEX DoubleLine Emerging Markets Fixed Income Fund	5.11%	5.59%	5.97%	5.54%	4.77%	4.00%	4.37%	4.57%	3.83%	4.33%	4.54%	5.21%
JEMDX JPMorgan Emerging Markets Debt Fund	5.42%	5.61%	6.13%	5.47%	6.15%	4.38%	3.71%	4.52%	4.64%	4.43%	5.06%	4.76%

Frequently Asked Questions

Can I hold both DBLEX and JEMDX in my portfolio?

DBLEX and JEMDX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBLEX or JEMDX?

JEMDX has higher volatility (1.04%) compared to DBLEX (0.54%). In terms of maximum drawdown, DBLEX dropped -25.43% vs JEMDX's -38.84%.

Which has better risk-adjusted returns?

JEMDX currently has the higher Sharpe Ratio (1.90 vs 1.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.