EM1C.DE vs. JMBA.DE
EM1C.DE (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) and JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) are both Emerging Markets Bonds funds - EM1C.DE tracks the JP Morgan GBI-Emerging Markets Global Core while JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index. Both are passively managed. Over the past 5 years, EM1C.DE returned 2.52%/yr vs 1.93%/yr for JMBA.DE. A 0.56 correlation means they provide meaningful diversification when combined. EM1C.DE charges 0.30%/yr vs 0.39%/yr for JMBA.DE.
Performance
EM1C.DE vs. JMBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EM1C.DE achieves a 4.82% return, which is significantly higher than JMBA.DE's 4.33% return.
EM1C.DE
- 1D
- 0.16%
- 1M
- 1.06%
- 6M
- 3.26%
- YTD
- 4.82%
- 1Y
- 9.60%
- 3Y*
- 5.12%
- 5Y*
- 2.52%
- 10Y*
- —
JMBA.DE
- 1D
- -0.15%
- 1M
- 0.55%
- 6M
- 3.60%
- YTD
- 4.33%
- 1Y
- 10.91%
- 3Y*
- 6.62%
- 5Y*
- 1.93%
- 10Y*
- —
EM1C.DE vs. JMBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 4.82% | 4.52% | 3.70% | 6.43% | -4.55% | -2.31% | -6.15% | 2.67% |
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.33% | 0.84% | 7.77% | 5.79% | -10.80% | 5.58% | -4.14% | -7.72% |
Correlation
The correlation between EM1C.DE and JMBA.DE is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.56 |
The correlation between EM1C.DE and JMBA.DE has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.
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Return for Risk
EM1C.DE vs. JMBA.DE — Risk / Return Rank
EM1C.DE
JMBA.DE
EM1C.DE vs. JMBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) and JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.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.
| EM1C.DE | JMBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.39 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 3.84 | -1.05 |
| Martin ratioReturn relative to average drawdown | 9.38 | 11.71 | -2.33 |
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Drawdowns
EM1C.DE vs. JMBA.DE - Drawdown Comparison
The maximum EM1C.DE drawdown since its inception was -23.47%, smaller than the maximum JMBA.DE drawdown of -26.66%. Use the drawdown chart below to compare losses from any high point for EM1C.DE and JMBA.DE.
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Drawdown Indicators
| EM1C.DE | JMBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.47% | -26.66% | +3.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -3.14% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -7.21% | -12.45% | +5.24% |
Max Drawdown (5Y)Largest decline over 5 years | -8.70% | -14.09% | +5.39% |
Current DrawdownCurrent decline from peak | -2.64% | -1.40% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -13.83% | -11.27% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.03% | -0.01% |
Volatility
EM1C.DE vs. JMBA.DE - Volatility Comparison
The current volatility for VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) is 1.06%, while JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) has a volatility of 1.53%. This indicates that EM1C.DE experiences smaller price fluctuations and is considered to be less risky than JMBA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EM1C.DE | JMBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.53% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 4.26% | 4.11% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.14% | 6.05% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 8.43% | -1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.10% | 10.70% | -0.60% |
EM1C.DE vs. JMBA.DE - Expense Ratio Comparison
EM1C.DE has a 0.30% expense ratio, which is lower than JMBA.DE's 0.39% expense ratio.
Dividends
EM1C.DE vs. JMBA.DE - Dividend Comparison
Neither EM1C.DE nor JMBA.DE has paid dividends to shareholders.
Frequently Asked Questions
EM1C.DE and JMBA.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EM1C.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EM1C.DE is cheaper with a 0.30% expense ratio, compared with 0.39% for JMBA.DE.
EM1C.DE tracks JP Morgan GBI-Emerging Markets Global Core, while JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index. They also come from different issuers: VanEck and JPMorgan. Their fees differ too: 0.30% for EM1C.DE and 0.39% for JMBA.DE.
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