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EMBE.L vs. JEPI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EMBE.L vs. JEPI

Last updated Jun 5, 2026

EMBE.L (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - EMBE.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified Hedge TR EUR, while JEPI is a Dividend fund actively managed by JPMorgan. EMBE.L is passively managed, while JEPI is actively managed. Over the past 5 years, EMBE.L returned -0.33%/yr vs 8.27%/yr for JEPI. At a 0.09 correlation, their price movements are largely independent. EMBE.L charges 0.50%/yr vs 0.35%/yr for JEPI.

Performance

EMBE.L vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (EMBE.L) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, EMBE.L achieves a 1.00% return, which is significantly lower than JEPI's 1.35% return.

EMBE.L

1D
0.24%
1M
0.81%
YTD
1.00%
6M
1.21%
1Y
8.78%
3Y*
7.51%
5Y*
-0.33%
10Y*
0.99%

JEPI

1D
0.00%
1M
-0.53%
YTD
1.35%
6M
0.84%
1Y
5.92%
3Y*
5.98%
5Y*
8.27%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EMBE.L vs. JEPI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
EMBE.L
iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)		1.00%10.99%4.00%7.65%-20.85%-3.28%10.94%
JEPI
JPMorgan Equity Premium Income ETF		1.84%-4.74%20.00%6.53%2.49%30.61%6.27%

Correlation

The correlation between EMBE.L and JEPI is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.06

Correlation (5Y)
Calculated over the trailing 5-year period

0.07

Correlation (All Time)
Calculated using the full available price history since May 22, 2020

0.09

EMBE.L vs. JEPI - Sectors Allocation Comparison

Sectors
EMBE.L
JEPI

Basic Materials

-

1.9%

Communication Services

-

6.9%

Consumer Cyclical

-

11.7%

Consumer Defensive

-

9.6%

Energy

-

3.5%

Healthcare

-

14.1%

Industrials

-

13.8%

Real Estate

-

3.5%

Technology

-

19.1%

Utilities

-

6.2%

Financial Services

-0.7%
9.8%

Basic Materials

EMBE.L

-

JEPI
1.9%

Communication Services

EMBE.L

-

JEPI
6.9%

Consumer Cyclical

EMBE.L

-

JEPI
11.7%

Consumer Defensive

EMBE.L

-

JEPI
9.6%

Energy

EMBE.L

-

JEPI
3.5%

Healthcare

EMBE.L

-

JEPI
14.1%

Industrials

EMBE.L

-

JEPI
13.8%

Real Estate

EMBE.L

-

JEPI
3.5%

Technology

EMBE.L

-

JEPI
19.1%

Utilities

EMBE.L

-

JEPI
6.2%

Financial Services

EMBE.L
-0.7%
JEPI
9.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)

JPMorgan Equity Premium Income ETF

Often compared with EMBE.L:
EMBE.L vs. EMBEMBE.L vs. CEMBEMBE.L vs. SEMB.LEMBE.L vs. XUHY.LEMBE.L vs. VWOBEMBE.L vs. PCYEMBE.L vs. JEPQ
Often compared with JEPI:
JEPI vs. JEPQJEPI vs. SCHDJEPI vs. SPYJEPI vs. QYLDJEPI vs. SPYIJEPI vs. QQQIJEPI vs. VOO

Return for Risk

EMBE.L vs. JEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMBE.L
EMBE.L Risk / Return Rank: 4545
Overall Rank
EMBE.L Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
EMBE.L Sortino Ratio Rank: 5050
Sortino Ratio Rank
EMBE.L Omega Ratio Rank: 4545
Omega Ratio Rank
EMBE.L Calmar Ratio Rank: 3939
Calmar Ratio Rank
EMBE.L Martin Ratio Rank: 4545
Martin Ratio Rank
JEPI
JEPI Risk / Return Rank: 2929
Overall Rank
JEPI Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
JEPI Sortino Ratio Rank: 3030
Sortino Ratio Rank
JEPI Omega Ratio Rank: 3030
Omega Ratio Rank
JEPI Calmar Ratio Rank: 2727
Calmar Ratio Rank
JEPI Martin Ratio Rank: 2828
Martin Ratio Rank
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.

EMBE.L vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (EMBE.L) and JPMorgan Equity Premium Income ETF (JEPI). 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.

EMBE.LJEPIDifference
Sharpe ratioReturn per unit of total volatility
1.49
0.67

+0.83

Sortino ratioReturn per unit of downside risk
2.41
0.94

+1.46

Omega ratioGain probability vs. loss probability

1.28

1.12

+0.16

Calmar ratioReturn relative to maximum drawdown

1.91

1.13

+0.78

Martin ratioReturn relative to average drawdown

7.36

2.97

+4.39

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMBE.L vs. JEPI - Sharpe Ratio Comparison

The current EMBE.L Sharpe Ratio is 1.49, which is higher than the JEPI Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of EMBE.L and JEPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EMBE.LJEPIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.49

0.67

+0.83

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.04

0.68

-0.72

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.10

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.22

0.83

-0.61

Drawdowns

EMBE.L vs. JEPI - Drawdown Comparison

The maximum EMBE.L drawdown since its inception was -30.73%, which is greater than JEPI's maximum drawdown of -19.13%. Use the drawdown chart below to compare losses from any high point for EMBE.L and JEPI.

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Drawdown Indicators

EMBE.LJEPIDifference

Max Drawdown

Largest peak-to-trough decline

-30.73%

-19.13%

-11.60%

Max Drawdown (1Y)

Largest decline over 1 year

-4.58%

-5.26%

+0.68%

Max Drawdown (3Y)

Largest decline over 3 years

-7.93%

-19.13%

+11.20%

Max Drawdown (5Y)

Largest decline over 5 years

-30.47%

-19.13%

-11.34%

Max Drawdown (10Y)

Largest decline over 10 years

-30.73%

—

—

Current Drawdown

Current decline from peak

-3.92%

-6.94%

+3.02%

Average Drawdown

Average peak-to-trough decline

-7.40%

-3.69%

-3.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.19%

2.00%

-0.81%

Volatility

EMBE.L vs. JEPI - Volatility Comparison

iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (EMBE.L) and JPMorgan Equity Premium Income ETF (JEPI) have volatilities of 2.11% and 2.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EMBE.LJEPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.11%

2.04%

+0.07%

Volatility (6M)

Calculated over the trailing 6-month period

4.85%

6.47%

-1.62%

Volatility (1Y)

Calculated over the trailing 1-year period

5.89%

8.94%

-3.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.88%

12.14%

-3.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.47%

11.83%

-2.36%

EMBE.L vs. JEPI - Expense Ratio Comparison

EMBE.L has a 0.50% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

EMBE.L vs. JEPI - Dividend Comparison

EMBE.L's dividend yield for the trailing twelve months is around 5.63%, less than JEPI's 8.23% yield.

PositionTTM20252024202320222021202020192018201720162015
EMBE.L
iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)		5.63%5.44%5.64%5.50%5.39%3.92%3.85%4.77%5.75%3.88%5.36%4.72%
JEPI
JPMorgan Equity Premium Income ETF		8.23%8.25%7.33%8.40%11.68%6.59%5.79%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EMBE.L and JEPI have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, JEPI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

JEPI is cheaper with a 0.35% expense ratio, compared with 0.50% for EMBE.L.

EMBE.L is categorized as Emerging Markets Bonds, while JEPI is Dividend. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.50% for EMBE.L and 0.35% for JEPI.

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