EMIG.L vs. JPEE.L
EMIG.L (UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc) and JPEE.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds tracking the JPM EMBI Global Diversified TR USD, from UBS and iShares respectively. Both are passively managed. Over the past 5 years, EMIG.L returned 0.89%/yr vs 3.04%/yr for JPEE.L. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.
Performance
EMIG.L vs. JPEE.L - Performance Comparison
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Different Trading Currencies
EMIG.L is traded in GBp, while JPEE.L is traded in EUR. To make them comparable, the JPEE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMIG.L achieves a 0.13% return, which is significantly lower than JPEE.L's 2.18% return.
EMIG.L
- 1D
- -0.09%
- 1M
- 1.05%
- YTD
- 0.13%
- 6M
- -0.29%
- 1Y
- 7.08%
- 3Y*
- 2.15%
- 5Y*
- 0.89%
- 10Y*
- —
JPEE.L
- 1D
- 0.21%
- 1M
- 2.02%
- YTD
- 2.18%
- 6M
- 1.68%
- 1Y
- 12.52%
- 3Y*
- 7.00%
- 5Y*
- 3.04%
- 10Y*
- —
EMIG.L vs. JPEE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMIG.L UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc | 0.13% | 1.96% | 3.34% | 0.56% | -7.44% | -0.84% | 5.09% | -5.65% |
JPEE.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.18% | 6.06% | 7.50% | 4.43% | -8.96% | -0.44% | 1.97% | -6.18% |
Correlation
The correlation between EMIG.L and JPEE.L is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2019 | 0.79 |
The correlation between EMIG.L and JPEE.L has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
EMIG.L vs. JPEE.L — Risk / Return Rank
EMIG.L
JPEE.L
EMIG.L vs. JPEE.L - 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 (USD) A-acc (EMIG.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.
| EMIG.L | JPEE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 3.09 | -1.69 |
| Martin ratioReturn relative to average drawdown | 3.30 | 8.78 | -5.49 |
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
| EMIG.L | JPEE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 2.05 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.34 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.28 | -0.33 |
Drawdowns
EMIG.L vs. JPEE.L - Drawdown Comparison
The maximum EMIG.L drawdown since its inception was -17.02%, smaller than the maximum JPEE.L drawdown of -19.75%. Use the drawdown chart below to compare losses from any high point for EMIG.L and JPEE.L.
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Drawdown Indicators
| EMIG.L | JPEE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.02% | -19.75% | +2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -4.03% | -1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -8.09% | -8.89% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -14.52% | -14.29% | -0.23% |
Current DrawdownCurrent decline from peak | -7.24% | 0.00% | -7.24% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -7.47% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.42% | +0.72% |
Volatility
EMIG.L vs. JPEE.L - Volatility Comparison
The current volatility for UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.L) is 1.49%, while iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) has a volatility of 1.81%. This indicates that EMIG.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
| EMIG.L | JPEE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.81% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 4.39% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 6.08% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.28% | 8.90% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.47% | 10.20% | -0.73% |
EMIG.L vs. JPEE.L - Expense Ratio Comparison
Both EMIG.L and JPEE.L have an expense ratio of 0.45%.
Dividends
EMIG.L vs. JPEE.L - Dividend Comparison
Neither EMIG.L nor JPEE.L has paid dividends to shareholders.
Frequently Asked Questions
EMIG.L and JPEE.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EMIG.L and JPEE.L have the same expense ratio: 0.45% per year.
Both ETFs track JPM EMBI Global Diversified TR USD. They also come from different issuers: UBS and iShares.
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