FSEM.L vs. JPEA.L
FSEM.L (Fidelity Sustainable USD EM Bond UCITS ETF Inc) and JPEA.L (iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)) are both Emerging Markets Bonds funds. FSEM.L is actively managed, while JPEA.L is passively managed. Over the past 5 years, FSEM.L returned 1.51%/yr vs 1.91%/yr for JPEA.L. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.
Performance
FSEM.L vs. JPEA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FSEM.L achieves a 2.80% return, which is significantly higher than JPEA.L's 1.57% return.
FSEM.L
- 1D
- -0.19%
- 1M
- 0.55%
- YTD
- 2.80%
- 6M
- 3.31%
- 1Y
- 12.88%
- 3Y*
- 8.73%
- 5Y*
- 1.51%
- 10Y*
- —
JPEA.L
- 1D
- -0.32%
- 1M
- 0.60%
- YTD
- 1.57%
- 6M
- 1.92%
- 1Y
- 11.69%
- 3Y*
- 9.77%
- 5Y*
- 1.91%
- 10Y*
- —
FSEM.L vs. JPEA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FSEM.L Fidelity Sustainable USD EM Bond UCITS ETF Inc | 2.80% | 13.32% | 3.51% | 8.82% | -17.90% | 2.49% |
JPEA.L iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) | 1.57% | 13.77% | 5.72% | 10.89% | -18.56% | 3.43% |
Correlation
The correlation between FSEM.L and JPEA.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.73 |
The correlation between FSEM.L and JPEA.L has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FSEM.L vs. JPEA.L — Risk / Return Rank
FSEM.L
JPEA.L
FSEM.L vs. JPEA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable USD EM Bond UCITS ETF Inc (FSEM.L) and iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.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.
| FSEM.L | JPEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.40 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 2.63 | +0.56 |
| Martin ratioReturn relative to average drawdown | 11.58 | 11.24 | +0.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FSEM.L | JPEA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 2.07 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.22 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.29 | -0.06 |
Drawdowns
FSEM.L vs. JPEA.L - Drawdown Comparison
The maximum FSEM.L drawdown since its inception was -28.00%, roughly equal to the maximum JPEA.L drawdown of -28.64%. Use the drawdown chart below to compare losses from any high point for FSEM.L and JPEA.L.
Loading charts...
Drawdown Indicators
| FSEM.L | JPEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.00% | -28.64% | +0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -4.02% | -4.42% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -7.09% | -7.35% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -28.00% | -28.64% | +0.64% |
Current DrawdownCurrent decline from peak | -1.09% | -0.32% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -6.81% | -3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.04% | +0.07% |
Volatility
FSEM.L vs. JPEA.L - Volatility Comparison
Fidelity Sustainable USD EM Bond UCITS ETF Inc (FSEM.L) has a higher volatility of 2.73% compared to iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.L) at 1.92%. This indicates that FSEM.L's price experiences larger fluctuations and is considered to be riskier than JPEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FSEM.L | JPEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 1.92% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 5.22% | 4.55% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.39% | 5.64% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.58% | 8.89% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.48% | 10.22% | -1.74% |
FSEM.L vs. JPEA.L - Expense Ratio Comparison
Both FSEM.L and JPEA.L have an expense ratio of 0.45%.
Dividends
FSEM.L vs. JPEA.L - Dividend Comparison
FSEM.L's dividend yield for the trailing twelve months is around 7.91%, while JPEA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FSEM.L Fidelity Sustainable USD EM Bond UCITS ETF Inc | 7.91% | 6.31% | 6.49% | 5.74% | 5.01% | 2.41% |
JPEA.L iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSEM.L and JPEA.L have a correlation of 0.79, 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.
FSEM.L and JPEA.L have the same expense ratio: 0.45% per year.
They also come from different issuers: Fidelity and iShares.
Find the right allocation for FSEM.L and JPEA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer