FESD.DE vs. JMBA.DE
FESD.DE (Fidelity Sustainable USD EM Bond UCITS ETF) and JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) are both Emerging Markets Bonds funds - FESD.DE tracks the Fidelity Sustainable USD EM Bond while JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index. Both are passively managed. Over the past 5 years, FESD.DE returned 1.92%/yr vs 1.93%/yr for JMBA.DE. A 0.77 correlation means they provide meaningful diversification when combined. FESD.DE charges 0.45%/yr vs 0.39%/yr for JMBA.DE.
Performance
FESD.DE vs. JMBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FESD.DE achieves a 5.96% return, which is significantly higher than JMBA.DE's 4.33% return.
FESD.DE
- 1D
- 0.00%
- 1M
- 0.56%
- 6M
- 5.20%
- YTD
- 5.96%
- 1Y
- 12.79%
- 3Y*
- 7.38%
- 5Y*
- 1.92%
- 10Y*
- —
JMBA.DE
- 1D
- -0.15%
- 1M
- 0.55%
- 6M
- 3.60%
- YTD
- 4.33%
- 1Y
- 10.91%
- 3Y*
- 6.62%
- 5Y*
- 1.93%
- 10Y*
- —
FESD.DE vs. JMBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 5.96% | 0.93% | 9.23% | 5.14% | -13.10% | -8.73% |
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.33% | 0.84% | 7.77% | 5.79% | -10.80% | 6.78% |
Correlation
The correlation between FESD.DE and JMBA.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2021 | 0.77 |
The correlation between FESD.DE and JMBA.DE has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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Return for Risk
FESD.DE vs. JMBA.DE — Risk / Return Rank
FESD.DE
JMBA.DE
FESD.DE vs. JMBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) and JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.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.
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.
| FESD.DE | JMBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 3.84 | -0.38 |
| Martin ratioReturn relative to average drawdown | 9.36 | 11.71 | -2.34 |
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Drawdowns
FESD.DE vs. JMBA.DE - Drawdown Comparison
The maximum FESD.DE drawdown since its inception was -22.67%, smaller than the maximum JMBA.DE drawdown of -26.66%. Use the drawdown chart below to compare losses from any high point for FESD.DE and JMBA.DE.
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Drawdown Indicators
| FESD.DE | JMBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.67% | -26.66% | +3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -3.14% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | -12.45% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -15.86% | -14.09% | -1.77% |
Current DrawdownCurrent decline from peak | -2.58% | -1.40% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -11.27% | -2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.03% | +0.34% |
Volatility
FESD.DE vs. JMBA.DE - Volatility Comparison
Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) and JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) have volatilities of 1.54% and 1.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FESD.DE | JMBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.53% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 4.11% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.75% | 6.05% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.74% | 8.43% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.61% | 10.70% | -0.09% |
FESD.DE vs. JMBA.DE - Expense Ratio Comparison
FESD.DE has a 0.45% expense ratio, which is higher than JMBA.DE's 0.39% expense ratio.
Dividends
FESD.DE vs. JMBA.DE - Dividend Comparison
FESD.DE's dividend yield for the trailing twelve months is around 7.70%, while JMBA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 7.70% | 6.61% | 6.31% | 5.87% | 5.06% | 2.34% |
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FESD.DE and JMBA.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMBA.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMBA.DE is cheaper with a 0.39% expense ratio, compared with 0.45% for FESD.DE.
FESD.DE tracks Fidelity Sustainable USD EM Bond, while JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index. They also come from different issuers: Fidelity and JPMorgan. Their fees differ too: 0.45% for FESD.DE and 0.39% for JMBA.DE.
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