EMLP.L vs. JPEE.L
EMLP.L (PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc) and JPEE.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds - EMLP.L tracks the JPM GBI-EM Global Diversified TR USD while JPEE.L tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, EMLP.L returned 4.40%/yr vs 3.04%/yr for JPEE.L. A 0.58 correlation means they provide meaningful diversification when combined. EMLP.L charges 0.61%/yr vs 0.45%/yr for JPEE.L.
Performance
EMLP.L vs. JPEE.L - Performance Comparison
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Different Trading Currencies
EMLP.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, EMLP.L achieves a 1.51% return, which is significantly lower than JPEE.L's 2.18% return.
EMLP.L
- 1D
- -0.16%
- 1M
- 0.73%
- YTD
- 1.51%
- 6M
- 1.14%
- 1Y
- 9.68%
- 3Y*
- 3.69%
- 5Y*
- 4.40%
- 10Y*
- 3.99%
JPEE.L
- 1D
- 0.21%
- 1M
- 2.02%
- YTD
- 2.18%
- 6M
- 1.68%
- 1Y
- 12.52%
- 3Y*
- 7.00%
- 5Y*
- 3.04%
- 10Y*
- —
EMLP.L vs. JPEE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMLP.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc | 1.51% | 9.10% | -1.68% | 7.52% | 5.55% | -4.33% | -1.55% | 9.55% | -1.46% | -1.08% |
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% | 11.44% | 0.06% | 1.56% |
Correlation
The correlation between EMLP.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 | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2017 | 0.58 |
The correlation between EMLP.L and JPEE.L has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
EMLP.L vs. JPEE.L — Risk / Return Rank
EMLP.L
JPEE.L
EMLP.L vs. JPEE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc (EMLP.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.
| EMLP.L | JPEE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 3.09 | -0.85 |
| Martin ratioReturn relative to average drawdown | 6.49 | 8.78 | -2.30 |
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
| EMLP.L | JPEE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 2.05 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.34 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.28 | +0.05 |
Drawdowns
EMLP.L vs. JPEE.L - Drawdown Comparison
The maximum EMLP.L drawdown since its inception was -20.02%, roughly equal to the maximum JPEE.L drawdown of -19.75%. Use the drawdown chart below to compare losses from any high point for EMLP.L and JPEE.L.
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Drawdown Indicators
| EMLP.L | JPEE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.02% | -19.75% | -0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -4.29% | -4.03% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -4.90% | -8.89% | +3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -11.25% | -14.29% | +3.04% |
Max Drawdown (10Y)Largest decline over 10 years | -19.12% | — | — |
Current DrawdownCurrent decline from peak | -2.33% | 0.00% | -2.33% |
Average DrawdownAverage peak-to-trough decline | -6.09% | -7.47% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.42% | +0.07% |
Volatility
EMLP.L vs. JPEE.L - Volatility Comparison
The current volatility for PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc (EMLP.L) is 1.50%, while iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) has a volatility of 1.81%. This indicates that EMLP.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
| EMLP.L | JPEE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.81% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.23% | 4.39% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.40% | 6.08% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.09% | 8.90% | -0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.52% | 10.20% | -0.68% |
EMLP.L vs. JPEE.L - Expense Ratio Comparison
EMLP.L has a 0.61% expense ratio, which is higher than JPEE.L's 0.45% expense ratio.
Dividends
EMLP.L vs. JPEE.L - Dividend Comparison
Neither EMLP.L nor JPEE.L has paid dividends to shareholders.
Frequently Asked Questions
EMLP.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 0.61% for EMLP.L.
EMLP.L tracks JPM GBI-EM Global Diversified TR USD, while JPEE.L tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.61% for EMLP.L and 0.45% for JPEE.L.
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