EMA5.DE vs. JMBE.DE
EMA5.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF) and JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) are both Emerging Markets Bonds funds - EMA5.DE tracks the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity while JMBE.DE tracks the JPM EMBI Global Diversified Hedge TR EUR. Both are passively managed. Over the past 5 years, EMA5.DE returned 3.38%/yr vs -0.64%/yr for JMBE.DE. At a 0.02 correlation, their price movements are largely independent. EMA5.DE charges 0.25%/yr vs 0.39%/yr for JMBE.DE.
Performance
EMA5.DE vs. JMBE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMA5.DE achieves a 2.33% return, which is significantly higher than JMBE.DE's 0.85% return.
EMA5.DE
- 1D
- -0.04%
- 1M
- 1.09%
- YTD
- 2.33%
- 6M
- 2.03%
- 1Y
- 4.26%
- 3Y*
- 5.12%
- 5Y*
- 3.38%
- 10Y*
- —
JMBE.DE
- 1D
- 0.23%
- 1M
- 0.83%
- YTD
- 0.85%
- 6M
- 1.04%
- 1Y
- 8.47%
- 3Y*
- 5.74%
- 5Y*
- -0.64%
- 10Y*
- —
EMA5.DE vs. JMBE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 2.33% | -2.57% | 14.01% | 3.79% | -5.07% | 7.86% | -1.26% |
JMBE.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) | 0.85% | 11.00% | 0.03% | 7.01% | -18.34% | -3.60% | 1.41% |
Correlation
The correlation between EMA5.DE and JMBE.DE is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.02 |
The correlation between EMA5.DE and JMBE.DE shifts across timeframes, from -0.08 (1 year) to 0.03 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMA5.DE vs. JMBE.DE — Risk / Return Rank
EMA5.DE
JMBE.DE
EMA5.DE vs. JMBE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.DE) and JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.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.
| EMA5.DE | JMBE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.28 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.78 | -0.40 |
| Martin ratioReturn relative to average drawdown | 3.47 | 7.10 | -3.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMA5.DE | JMBE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.53 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | -0.07 | +0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.14 | +0.33 |
Drawdowns
EMA5.DE vs. JMBE.DE - Drawdown Comparison
The maximum EMA5.DE drawdown since its inception was -10.01%, smaller than the maximum JMBE.DE drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for EMA5.DE and JMBE.DE.
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Drawdown Indicators
| EMA5.DE | JMBE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.01% | -28.19% | +18.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -4.73% | +1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -10.01% | -7.78% | -2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -10.01% | -27.72% | +17.71% |
Current DrawdownCurrent decline from peak | -3.17% | -5.72% | +2.55% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -10.41% | +6.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.19% | +0.03% |
Volatility
EMA5.DE vs. JMBE.DE - Volatility Comparison
L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.DE) has a higher volatility of 2.25% compared to JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE) at 1.91%. This indicates that EMA5.DE's price experiences larger fluctuations and is considered to be riskier than JMBE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMA5.DE | JMBE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 1.91% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.23% | 4.57% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 5.54% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 8.54% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.94% | 9.66% | -2.72% |
EMA5.DE vs. JMBE.DE - Expense Ratio Comparison
EMA5.DE has a 0.25% expense ratio, which is lower than JMBE.DE's 0.39% expense ratio.
Dividends
EMA5.DE vs. JMBE.DE - Dividend Comparison
EMA5.DE's dividend yield for the trailing twelve months is around 4.59%, while JMBE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 4.59% | 5.61% | 5.39% | 4.22% | 2.89% | 1.01% |
JMBE.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMA5.DE and JMBE.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMA5.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMA5.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for JMBE.DE.
EMA5.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity, while JMBE.DE tracks JPM EMBI Global Diversified Hedge TR EUR. They also come from different issuers: Legal & General and JPMorgan. Their fees differ too: 0.25% for EMA5.DE and 0.39% for JMBE.DE.
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