EMTL vs. JPMB
EMTL (SPDR DoubleLine Emerging Markets Fixed Income ETF) and JPMB (JPMorgan USD Emerging Markets Sovereign Bond ETF) are both Emerging Markets Bonds funds. EMTL is actively managed, while JPMB is passively managed. Over the past 5 years, EMTL returned 1.79%/yr vs 1.42%/yr for JPMB. A 0.64 correlation means they provide meaningful diversification when combined. EMTL charges 0.65%/yr vs 0.39%/yr for JPMB.
Performance
EMTL vs. JPMB - Performance Comparison
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Returns By Period
In the year-to-date period, EMTL achieves a 0.74% return, which is significantly lower than JPMB's 1.60% return.
EMTL
- 1D
- -0.09%
- 1M
- 0.49%
- YTD
- 0.74%
- 6M
- 0.89%
- 1Y
- 5.61%
- 3Y*
- 7.09%
- 5Y*
- 1.79%
- 10Y*
- 3.38%
JPMB
- 1D
- -0.38%
- 1M
- 1.30%
- YTD
- 1.60%
- 6M
- 1.55%
- 1Y
- 11.48%
- 3Y*
- 7.93%
- 5Y*
- 1.42%
- 10Y*
- —
EMTL vs. JPMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | 0.74% | 8.27% | 5.86% | 9.60% | -14.31% | 0.56% | 3.48% | 11.99% | -1.70% |
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 1.60% | 13.73% | 1.46% | 9.48% | -16.05% | -2.26% | 5.36% | 17.71% | -4.72% |
Correlation
The correlation between EMTL and JPMB is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2018 | 0.64 |
The correlation between EMTL and JPMB shifts across timeframes, from 0.64 (all time) to 0.81 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMTL vs. JPMB — Risk / Return Rank
EMTL
JPMB
EMTL vs. JPMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) and JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB). 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.
| EMTL | JPMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.43 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.50 | +0.31 |
| Martin ratioReturn relative to average drawdown | 10.06 | 10.66 | -0.60 |
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
| EMTL | JPMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 2.18 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.16 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.28 | +0.46 |
Drawdowns
EMTL vs. JPMB - Drawdown Comparison
The maximum EMTL drawdown since its inception was -22.91%, smaller than the maximum JPMB drawdown of -26.33%. Use the drawdown chart below to compare losses from any high point for EMTL and JPMB.
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Drawdown Indicators
| EMTL | JPMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.91% | -26.33% | +3.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -4.61% | +2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -3.79% | -7.53% | +3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -26.16% | +3.25% |
Max Drawdown (10Y)Largest decline over 10 years | -22.91% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.38% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -7.06% | +3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 1.08% | -0.52% |
Volatility
EMTL vs. JPMB - Volatility Comparison
The current volatility for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) is 0.67%, while JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) has a volatility of 1.90%. This indicates that EMTL experiences smaller price fluctuations and is considered to be less risky than JPMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMTL | JPMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 1.90% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 4.37% | -2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.22% | 5.29% | -3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 8.94% | -4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 9.65% | -4.98% |
EMTL vs. JPMB - Expense Ratio Comparison
EMTL has a 0.65% expense ratio, which is higher than JPMB's 0.39% expense ratio.
Dividends
EMTL vs. JPMB - Dividend Comparison
EMTL's dividend yield for the trailing twelve months is around 4.95%, less than JPMB's 5.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | 4.95% | 5.09% | 5.34% | 4.78% | 4.19% | 5.43% | 3.28% | 3.96% | 3.35% | 4.16% | 8.87% |
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 5.80% | 6.71% | 6.32% | 5.99% | 4.94% | 4.29% | 4.29% | 4.51% | 4.58% | 0.00% | 0.00% |
Frequently Asked Questions
EMTL and JPMB have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPMB has higher volatility (1.90%) compared to EMTL (0.67%). In terms of maximum drawdown, EMTL dropped -22.91% vs JPMB's -26.33%.
On 5-year performance, EMTL leads with 1.79% vs 1.42% for JPMB. On fees, JPMB is cheaper at 0.39% per year. On volatility, EMTL has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EMTL has performed better with a 1.79% return vs 1.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPMB is cheaper with a 0.39% expense ratio, compared with 0.65% for EMTL.
JPMB has the higher dividend yield at 5.80%, compared with 4.95% for EMTL.
They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.65% for EMTL and 0.39% for JPMB.
EMTL currently has the higher Sharpe Ratio (2.54 vs 2.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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