EMCR.L vs. JPMB.L
EMCR.L (iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist)) and JPMB.L (JPM USD Emerging Markets Sovereign Bond UCITS ETF USD (Dist)) are both Emerging Markets Bonds funds - EMCR.L tracks the J.P. Morgan CEMBI Broad Diversified Core Index while JPMB.L tracks the J.P. Morgan Emerging Market Risk Aware Bond Index. Both are passively managed. Over the past 5 years, EMCR.L returned 1.97%/yr vs 1.26%/yr for JPMB.L. A 0.58 correlation means they provide meaningful diversification when combined. EMCR.L charges 0.50%/yr vs 0.39%/yr for JPMB.L.
Performance
EMCR.L vs. JPMB.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMCR.L achieves a 1.77% return, which is significantly higher than JPMB.L's 1.42% return.
EMCR.L
- 1D
- 0.26%
- 1M
- 0.19%
- 6M
- 1.48%
- YTD
- 1.77%
- 1Y
- 6.02%
- 3Y*
- 6.91%
- 5Y*
- 1.97%
- 10Y*
- 3.51%
JPMB.L
- 1D
- -0.07%
- 1M
- -0.73%
- 6M
- 1.57%
- YTD
- 1.42%
- 1Y
- 9.06%
- 3Y*
- 7.06%
- 5Y*
- 1.26%
- 10Y*
- —
EMCR.L vs. JPMB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EMCR.L iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 1.77% | 8.43% | 6.66% | 7.85% | -12.39% | -0.65% | 7.22% | 13.82% | -0.91% |
JPMB.L JPM USD Emerging Markets Sovereign Bond UCITS ETF USD (Dist) | 1.42% | 13.29% | 1.97% | 9.51% | -16.15% | -2.40% | 5.30% | 18.66% | -3.06% |
Correlation
The correlation between EMCR.L and JPMB.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.58 |
The correlation between EMCR.L and JPMB.L has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.
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Return for Risk
EMCR.L vs. JPMB.L — Risk / Return Rank
EMCR.L
JPMB.L
EMCR.L vs. JPMB.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 JPM USD Emerging Markets Sovereign Bond UCITS ETF USD (Dist) (JPMB.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 | JPMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.00 | +0.20 |
| Martin ratioReturn relative to average drawdown | 9.44 | 8.71 | +0.74 |
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Drawdowns
EMCR.L vs. JPMB.L - Drawdown Comparison
The maximum EMCR.L drawdown since its inception was -22.67%, smaller than the maximum JPMB.L drawdown of -26.70%. Use the drawdown chart below to compare losses from any high point for EMCR.L and JPMB.L.
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Drawdown Indicators
| EMCR.L | JPMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.67% | -26.70% | +4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -4.51% | +1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -7.27% | +3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -25.95% | +5.75% |
Max Drawdown (10Y)Largest decline over 10 years | -22.67% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -1.01% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -6.95% | +3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 1.04% | -0.40% |
Volatility
EMCR.L vs. JPMB.L - Volatility Comparison
iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (EMCR.L) and JPM USD Emerging Markets Sovereign Bond UCITS ETF USD (Dist) (JPMB.L) have volatilities of 1.01% and 1.00%, 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
| EMCR.L | JPMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.00% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 4.55% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 5.41% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 8.47% | -2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 9.61% | -2.11% |
EMCR.L vs. JPMB.L - Expense Ratio Comparison
EMCR.L has a 0.50% expense ratio, which is higher than JPMB.L's 0.39% expense ratio.
Dividends
EMCR.L vs. JPMB.L - Dividend Comparison
EMCR.L's dividend yield for the trailing twelve months is around 5.59%, less than JPMB.L's 5.91% yield.
| 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% |
JPMB.L JPM USD Emerging Markets Sovereign Bond UCITS ETF USD (Dist) | 5.91% | 5.98% | 5.84% | 5.31% | 5.49% | 4.13% | 4.08% | 4.41% | 4.13% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMCR.L and JPMB.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPMB.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPMB.L is cheaper with a 0.39% expense ratio, compared with 0.50% for EMCR.L.
EMCR.L tracks J.P. Morgan CEMBI Broad Diversified Core Index, while JPMB.L tracks J.P. Morgan Emerging Market Risk Aware Bond Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.50% for EMCR.L and 0.39% for JPMB.L.
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