EMCR.L vs. JPEE.L
EMCR.L (iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist)) and JPEE.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds from iShares - EMCR.L tracks the J.P. Morgan CEMBI Broad Diversified Core Index while JPEE.L tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, EMCR.L returned 1.97%/yr vs 1.79%/yr for JPEE.L. At a 0.49 correlation, their price movements are largely independent. EMCR.L charges 0.50%/yr vs 0.45%/yr for JPEE.L.
Performance
EMCR.L vs. JPEE.L - Performance Comparison
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Different Trading Currencies
EMCR.L 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
The year-to-date returns for both investments are quite close, with EMCR.L having a 1.80% return and JPEE.L slightly higher at 1.88%.
EMCR.L
- 1D
- 0.29%
- 1M
- 0.23%
- 6M
- 1.61%
- YTD
- 1.80%
- 1Y
- 6.43%
- 3Y*
- 7.10%
- 5Y*
- 1.97%
- 10Y*
- 3.52%
JPEE.L
- 1D
- 0.00%
- 1M
- -0.55%
- 6M
- 2.19%
- YTD
- 1.88%
- 1Y
- 10.08%
- 3Y*
- 8.79%
- 5Y*
- 1.79%
- 10Y*
- —
EMCR.L vs. JPEE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMCR.L iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 1.80% | 8.43% | 6.66% | 7.85% | -12.39% | -0.65% | 7.22% | 13.82% | -2.71% | 4.04% |
JPEE.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 1.88% | 14.20% | 5.65% | 9.93% | -18.63% | -1.37% | 5.06% | 15.84% | -5.54% | -0.55% |
Correlation
The correlation between EMCR.L and JPEE.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2017 | 0.49 |
The correlation between EMCR.L and JPEE.L has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
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Return for Risk
EMCR.L vs. JPEE.L — Risk / Return Rank
EMCR.L
JPEE.L
EMCR.L vs. JPEE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (EMCR.L) 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.
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.
| EMCR.L | JPEE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.26 | 0.00 |
| Martin ratioReturn relative to average drawdown | 9.69 | 9.28 | +0.41 |
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Drawdowns
EMCR.L vs. JPEE.L - Drawdown Comparison
The maximum EMCR.L drawdown since its inception was -22.67%, smaller than the maximum JPEE.L drawdown of -31.14%. Use the drawdown chart below to compare losses from any high point for EMCR.L and JPEE.L.
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Drawdown Indicators
| EMCR.L | JPEE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.67% | -31.14% | +8.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -4.48% | +1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -7.19% | +3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -28.48% | +8.28% |
Max Drawdown (10Y)Largest decline over 10 years | -22.67% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.69% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -12.26% | +8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 1.09% | -0.45% |
Volatility
EMCR.L vs. JPEE.L - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (EMCR.L) is 1.02%, while iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) has a volatility of 1.63%. This indicates that EMCR.L 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.
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Volatility by Period
| EMCR.L | JPEE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.63% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 4.54% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 6.01% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 9.23% | -3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 11.32% | -3.82% |
EMCR.L vs. JPEE.L - Expense Ratio Comparison
EMCR.L has a 0.50% expense ratio, which is higher than JPEE.L's 0.45% expense ratio.
Dividends
EMCR.L vs. JPEE.L - Dividend Comparison
EMCR.L's dividend yield for the trailing twelve months is around 5.59%, while JPEE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMCR.L iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 5.59% | 5.56% | 5.44% | 5.04% | 4.28% | 3.62% | 3.93% | 4.58% | 4.70% | 4.35% | 4.61% | 5.13% |
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% |
Frequently Asked Questions
EMCR.L and JPEE.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPEE.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPEE.L is cheaper with a 0.45% expense ratio, compared with 0.50% for EMCR.L.
EMCR.L tracks J.P. Morgan CEMBI Broad Diversified Core Index, while JPEE.L tracks JPM EMBI Global Diversified TR USD. Their fees differ too: 0.50% for EMCR.L and 0.45% for JPEE.L.
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