EMIE.DE vs. JPBM.DE

Last updated Jun 5, 2026

EMIE.DE (UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc) and JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) are both Emerging Markets Bonds funds - EMIE.DE tracks the JP Morgan USD Emerging Markets IG ESG Diversified Bond (EUR Hedged) while JPBM.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, EMIE.DE returned -2.28%/yr vs 1.97%/yr for JPBM.DE. At a 0.47 correlation, their price movements are largely independent. EMIE.DE charges 0.43%/yr vs 0.39%/yr for JPBM.DE.

Performance

EMIE.DE vs. JPBM.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.DE) and JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMIE.DE achieves a -0.43% return, which is significantly lower than JPBM.DE's 2.71% return.

EMIE.DE

• 1D: 0.18%
• 1M: 0.27%
• YTD: -0.43%
• 6M: -0.44%
• 1Y: 3.98%
• 3Y*: 2.76%
• 5Y*: -2.28%
• 10Y*: —

JPBM.DE

• 1D: 0.15%
• 1M: 1.65%
• YTD: 2.71%
• 6M: 1.99%
• 1Y: 8.34%
• 3Y*: 4.41%
• 5Y*: 1.97%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMIE.DE vs. JPBM.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EMIE.DE UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc	-0.43%	7.05%	-0.36%	3.88%	-19.72%	-2.93%	6.95%	2.47%
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)	2.71%	0.17%	7.28%	5.27%	-10.98%	4.83%	-4.56%	4.75%

Correlation

The correlation between EMIE.DE and JPBM.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Aug 7, 2019	0.47

Over the past year, the correlation between EMIE.DE and JPBM.DE has dropped to 0.27 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Return for Risk

EMIE.DE vs. JPBM.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMIE.DE

EMIE.DE Risk / Return Rank: 28
EMIE.DE Sharpe Ratio Rank: 30
EMIE.DE Sortino Ratio Rank: 30
EMIE.DE Omega Ratio Rank: 28
EMIE.DE Calmar Ratio Rank: 24
EMIE.DE Martin Ratio Rank: 27

JPBM.DE

JPBM.DE Risk / Return Rank: 45
JPBM.DE Sharpe Ratio Rank: 42
JPBM.DE Sortino Ratio Rank: 41
JPBM.DE Omega Ratio Rank: 42
JPBM.DE Calmar Ratio Rank: 54
JPBM.DE Martin Ratio Rank: 46

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.

EMIE.DE vs. JPBM.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.DE) and JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.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.

	EMIE.DE	JPBM.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.07	1.43	-0.37
Sortino ratio: Return per unit of downside risk	1.60	2.05	-0.45
Omega ratio: Gain probability vs. loss probability	1.19	1.26	-0.08
Calmar ratio: Return relative to maximum drawdown	1.12	2.66	-1.54
Martin ratio: Return relative to average drawdown	3.63	7.31	-3.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMIE.DE vs. JPBM.DE - Sharpe Ratio Comparison

The current EMIE.DE Sharpe Ratio is 1.07, which is comparable to the JPBM.DE Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of EMIE.DE and JPBM.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EMIE.DE	JPBM.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	1.43	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.34	0.23	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.30	-0.41

Drawdowns

EMIE.DE vs. JPBM.DE - Drawdown Comparison

The maximum EMIE.DE drawdown since its inception was -26.98%, roughly equal to the maximum JPBM.DE drawdown of -25.97%. Use the drawdown chart below to compare losses from any high point for EMIE.DE and JPBM.DE.

Drawdown Indicators

	EMIE.DE	JPBM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-26.98%	-25.97%	-1.01%
Max Drawdown (1Y) Largest decline over 1 year	-3.53%	-3.12%	-0.41%
Max Drawdown (3Y) Largest decline over 3 years	-6.97%	-12.56%	+5.59%
Max Drawdown (5Y) Largest decline over 5 years	-25.83%	-14.31%	-11.52%
Current Drawdown Current decline from peak	-14.02%	-2.60%	-11.42%
Average Drawdown Average peak-to-trough decline	-12.69%	-8.34%	-4.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	1.14%	-0.05%

Volatility

EMIE.DE vs. JPBM.DE - Volatility Comparison

UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.DE) has a higher volatility of 1.28% compared to JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) at 1.12%. This indicates that EMIE.DE's price experiences larger fluctuations and is considered to be riskier than JPBM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMIE.DE	JPBM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	1.12%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	2.83%	3.98%	-1.15%
Volatility (1Y) Calculated over the trailing 1-year period	3.73%	5.81%	-2.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.67%	8.51%	-1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.95%	9.71%	-1.76%

EMIE.DE vs. JPBM.DE - Expense Ratio Comparison

EMIE.DE has a 0.43% expense ratio, which is higher than JPBM.DE's 0.39% expense ratio.

Dividends

EMIE.DE vs. JPBM.DE - Dividend Comparison

EMIE.DE has not paid dividends to shareholders, while JPBM.DE's dividend yield for the trailing twelve months is around 5.09%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EMIE.DE UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)	5.09%	5.54%	5.26%	5.00%	5.33%	3.35%	3.87%	3.92%	2.69%

Frequently Asked Questions

Can I hold both EMIE.DE and JPBM.DE in my portfolio?

EMIE.DE and JPBM.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMIE.DE or JPBM.DE?

On fees, JPBM.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMIE.DE or JPBM.DE?

JPBM.DE is cheaper with a 0.39% expense ratio, compared with 0.43% for EMIE.DE.

What is the main difference between EMIE.DE and JPBM.DE?

EMIE.DE tracks JP Morgan USD Emerging Markets IG ESG Diversified Bond (EUR Hedged), while JPBM.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: UBS and JPMorgan. Their fees differ too: 0.43% for EMIE.DE and 0.39% for JPBM.DE.