FEMB vs. JPIB
FEMB (First Trust Emerging Markets Local Currency Bond ETF) and JPIB (JPMorgan International Bond Opportunities ETF) are both exchange-traded funds - FEMB is a Emerging Markets Bonds fund actively managed by First Trust, while JPIB is a Global Bonds fund actively managed by JPMorgan. Both are actively managed. Over the past 5 years, FEMB returned 2.76%/yr vs 2.70%/yr for JPIB. Their 0.37 correlation means their historical movements had little consistent relationship. FEMB charges 0.85%/yr vs 0.50%/yr for JPIB.
Performance
FEMB vs. JPIB - Performance Comparison
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Returns By Period
In the year-to-date period, FEMB achieves a 2.20% return, which is significantly higher than JPIB's 0.67% return.
FEMB
- 1D
- -0.10%
- 1M
- 0.67%
- 6M
- -0.39%
- YTD
- 2.20%
- 1Y
- 9.79%
- 3Y*
- 6.39%
- 5Y*
- 2.76%
- 10Y*
- 1.90%
- ALL TIME*
- 1.09%
JPIB
- 1D
- 0.06%
- 1M
- -0.83%
- 6M
- -0.25%
- YTD
- 0.67%
- 1Y
- 3.16%
- 3Y*
- 5.80%
- 5Y*
- 2.70%
- 10Y*
- —
- ALL TIME*
- 3.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.81M | $3.29M | $2.60M | |
| $7.79M | $8.91M | $9.60M |
FEMB vs. JPIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEMB First Trust Emerging Markets Local Currency Bond ETF | 2.20% | 21.77% | -5.61% | 17.12% | -10.50% | -13.40% | 3.16% | 11.52% | -7.19% | 1.87% |
JPIB JPMorgan International Bond Opportunities ETF | 0.67% | 8.19% | 3.48% | 8.68% | -6.38% | 0.14% | 7.14% | 10.76% | -2.17% | 2.61% |
Correlation
The correlation between FEMB and JPIB is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2017 | 0.37 |
Over the past year, FEMB and JPIB have become more correlated (0.63) than their long-term average of 0.37, meaning their price movements have been converging.
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Return for Risk
FEMB vs. JPIB — Risk / Return Rank
FEMB
JPIB
FEMB vs. JPIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets Local Currency Bond ETF (FEMB) and JPMorgan International Bond Opportunities ETF (JPIB). 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.
| FEMB | JPIB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 0.97 | +0.38 |
| Martin ratioReturn relative to average drawdown | 3.90 | 3.18 | +0.73 |
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Drawdowns
FEMB vs. JPIB - Drawdown Comparison
The maximum FEMB drawdown since its inception was -30.44%, which is greater than JPIB's maximum drawdown of -13.13%. Use the drawdown chart below to compare losses from any high point for FEMB and JPIB.
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Drawdown Indicators
| FEMB | JPIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.44% | -13.13% | -17.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -3.75% | -3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -10.13% | -3.75% | -6.38% |
Max Drawdown (5Y)Largest decline over 5 years | -25.15% | -11.83% | -13.32% |
Max Drawdown (10Y)Largest decline over 10 years | -30.44% | — | — |
Current DrawdownCurrent decline from peak | -2.39% | -1.19% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -1.91% | -7.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 1.14% | +1.48% |
Volatility
FEMB vs. JPIB - Volatility Comparison
First Trust Emerging Markets Local Currency Bond ETF (FEMB) has a higher volatility of 1.79% compared to JPMorgan International Bond Opportunities ETF (JPIB) at 0.74%. This indicates that FEMB's price experiences larger fluctuations and is considered to be riskier than JPIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEMB | JPIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 0.74% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 3.14% | +3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.20% | 3.58% | +4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.23% | 4.13% | +6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.66% | 4.42% | +6.24% |
FEMB vs. JPIB - Expense Ratio Comparison
FEMB has a 0.85% expense ratio, which is higher than JPIB's 0.50% expense ratio.
Dividends
FEMB vs. JPIB - Dividend Comparison
FEMB's dividend yield for the trailing twelve months is around 6.19%, more than JPIB's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMB First Trust Emerging Markets Local Currency Bond ETF | 6.19% | 5.67% | 6.09% | 5.15% | 6.35% | 6.12% | 5.29% | 5.40% | 5.86% | 6.38% | 5.83% | 4.89% |
JPIB JPMorgan International Bond Opportunities ETF | 4.58% | 4.85% | 4.57% | 4.35% | 3.10% | 2.59% | 3.14% | 4.66% | 5.83% | 1.81% | 0.00% | 0.00% |
Frequently Asked Questions
FEMB and JPIB have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEMB has higher volatility (1.79%) compared to JPIB (0.74%). In terms of maximum drawdown, FEMB dropped -30.44% vs JPIB's -13.13%.
On 5-year performance, FEMB leads with 2.76% vs 2.70% for JPIB. On fees, JPIB is cheaper at 0.50% per year. On volatility, JPIB has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FEMB has performed better with a 2.76% return vs 2.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPIB is cheaper with a 0.50% expense ratio, compared with 0.85% for FEMB.
FEMB has the higher dividend yield at 6.19%, compared with 4.58% for JPIB.
FEMB is categorized as Emerging Markets Bonds, while JPIB is Global Bonds. They also come from different issuers: First Trust and JPMorgan. Their fees differ too: 0.85% for FEMB and 0.50% for JPIB.
FEMB currently has the higher Sharpe Ratio (1.25 vs 1.02), 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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