IE15.L vs. JMBA.L
IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) and JMBA.L (JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc)) are both Global Bonds funds - IE15.L tracks the iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) while JMBA.L tracks the JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc). Both are passively managed. Over the past 5 years, IE15.L returned 0.69%/yr vs 1.89%/yr for JMBA.L. At a 0.36 correlation, their price movements are largely independent. IE15.L charges 0.20%/yr vs 0.39%/yr for JMBA.L.
Performance
IE15.L vs. JMBA.L - Performance Comparison
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Different Trading Currencies
IE15.L is traded in EUR, while JMBA.L is traded in USD. To make them comparable, the JMBA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IE15.L achieves a -1.14% return, which is significantly lower than JMBA.L's 4.03% return.
IE15.L
- 1D
- -0.18%
- 1M
- -0.30%
- 6M
- -1.34%
- YTD
- -1.14%
- 1Y
- -0.17%
- 3Y*
- 3.65%
- 5Y*
- 0.69%
- 10Y*
- 0.76%
JMBA.L
- 1D
- -0.44%
- 1M
- 0.17%
- 6M
- 3.51%
- YTD
- 4.03%
- 1Y
- 10.71%
- 3Y*
- 6.46%
- 5Y*
- 1.89%
- 10Y*
- —
IE15.L vs. JMBA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | -1.14% | 3.42% | 4.34% | 5.77% | -7.79% | -0.34% | 1.06% | 0.13% |
JMBA.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc) | 4.03% | -0.18% | 8.75% | 6.23% | -10.93% | 4.85% | -3.32% | 2.10% |
Correlation
The correlation between IE15.L and JMBA.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.36 |
Over the past year, the correlation between IE15.L and JMBA.L has dropped to 0.16 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
IE15.L vs. JMBA.L — Risk / Return Rank
IE15.L
JMBA.L
IE15.L vs. JMBA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) and JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc) (JMBA.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.
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.
| IE15.L | JMBA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.29 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 3.13 | -3.23 |
| Martin ratioReturn relative to average drawdown | -0.25 | 10.61 | -10.86 |
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Drawdowns
IE15.L vs. JMBA.L - Drawdown Comparison
The maximum IE15.L drawdown since its inception was -10.14%, smaller than the maximum JMBA.L drawdown of -25.70%. Use the drawdown chart below to compare losses from any high point for IE15.L and JMBA.L.
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Drawdown Indicators
| IE15.L | JMBA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.14% | -25.70% | +15.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -3.41% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -2.86% | -12.96% | +10.10% |
Max Drawdown (5Y)Largest decline over 5 years | -10.14% | -14.22% | +4.08% |
Max Drawdown (10Y)Largest decline over 10 years | -10.14% | — | — |
Current DrawdownCurrent decline from peak | -1.39% | -1.52% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -8.95% | +7.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.01% | +0.15% |
Volatility
IE15.L vs. JMBA.L - Volatility Comparison
The current volatility for iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) is 0.59%, while JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc) (JMBA.L) has a volatility of 1.54%. This indicates that IE15.L experiences smaller price fluctuations and is considered to be less risky than JMBA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IE15.L | JMBA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 1.54% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 5.36% | -3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 6.88% | -4.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 9.11% | -6.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.32% | 11.03% | -7.71% |
IE15.L vs. JMBA.L - Expense Ratio Comparison
IE15.L has a 0.20% expense ratio, which is lower than JMBA.L's 0.39% expense ratio.
Dividends
IE15.L vs. JMBA.L - Dividend Comparison
IE15.L's dividend yield for the trailing twelve months is around 3.00%, while JMBA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | 3.00% | 2.92% | 2.50% | 1.41% | 0.51% | 0.57% | 0.59% | 0.62% | 0.62% | 0.68% | 0.90% | 0.56% |
JMBA.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IE15.L and JMBA.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IE15.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IE15.L is cheaper with a 0.20% expense ratio, compared with 0.39% for JMBA.L.
IE15.L tracks iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist), while JMBA.L tracks JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc). They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.20% for IE15.L and 0.39% for JMBA.L.
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