IEMB.L vs. JMAB.L
IEMB.L (iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist)) and JMAB.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF) are both Emerging Markets Bonds funds. Over the past 5 years, IEMB.L returned 2.02%/yr vs 1.58%/yr for JMAB.L. A 0.74 correlation means they provide meaningful diversification when combined. IEMB.L charges 0.45%/yr vs 0.39%/yr for JMAB.L.
Performance
IEMB.L vs. JMAB.L - Performance Comparison
Loading charts...
Different Trading Currencies
IEMB.L is traded in USD, while JMAB.L is traded in GBP. To make them comparable, the JMAB.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEMB.L achieves a 2.40% return, which is significantly higher than JMAB.L's 2.05% return.
IEMB.L
- 1D
- 0.27%
- 1M
- 1.75%
- YTD
- 2.40%
- 6M
- 2.77%
- 1Y
- 11.05%
- 3Y*
- 9.50%
- 5Y*
- 2.02%
- 10Y*
- 3.38%
JMAB.L
- 1D
- -0.08%
- 1M
- 1.43%
- YTD
- 2.05%
- 6M
- 2.23%
- 1Y
- 10.10%
- 3Y*
- 7.84%
- 5Y*
- 1.58%
- 10Y*
- —
IEMB.L vs. JMAB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 2.40% | 13.71% | 5.70% | 10.54% | -18.35% | -2.28% | 5.57% | 3.19% |
JMAB.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF | 2.05% | 13.61% | 1.88% | 8.97% | -16.14% | -2.08% | 4.87% | -20.16% |
Correlation
The correlation between IEMB.L and JMAB.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.75 |
The correlation between IEMB.L and JMAB.L shifts across timeframes, from 0.65 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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
IEMB.L vs. JMAB.L — Risk / Return Rank
IEMB.L
JMAB.L
IEMB.L vs. JMAB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.L) and JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF (JMAB.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.
| IEMB.L | JMAB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.30 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.09 | +0.45 |
| Martin ratioReturn relative to average drawdown | 10.55 | 8.94 | +1.60 |
Loading charts...
Drawdowns
IEMB.L vs. JMAB.L - Drawdown Comparison
The maximum IEMB.L drawdown since its inception was -31.65%, smaller than the maximum JMAB.L drawdown of -39.23%. Use the drawdown chart below to compare losses from any high point for IEMB.L and JMAB.L.
Loading charts...
Drawdown Indicators
| IEMB.L | JMAB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.65% | -39.23% | +7.58% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -4.81% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -6.49% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -28.62% | -25.91% | -2.71% |
Max Drawdown (10Y)Largest decline over 10 years | -28.62% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -13.16% | +13.16% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -24.44% | +19.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.13% | -0.08% |
Volatility
IEMB.L vs. JMAB.L - Volatility Comparison
The current volatility for iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.L) is 1.48%, while JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF (JMAB.L) has a volatility of 1.96%. This indicates that IEMB.L experiences smaller price fluctuations and is considered to be less risky than JMAB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IEMB.L | JMAB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.96% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 4.97% | 4.76% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 5.91% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.88% | 17.97% | -9.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 19.33% | -10.08% |
IEMB.L vs. JMAB.L - Expense Ratio Comparison
IEMB.L has a 0.45% expense ratio, which is higher than JMAB.L's 0.39% expense ratio.
Dividends
IEMB.L vs. JMAB.L - Dividend Comparison
IEMB.L's dividend yield for the trailing twelve months is around 5.73%, while JMAB.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 5.73% | 5.85% | 5.80% | 5.65% | 5.55% | 3.95% | 3.86% | 4.73% | 4.82% | 4.79% | 5.57% | 4.78% |
JMAB.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF | 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
IEMB.L and JMAB.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMAB.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMAB.L is cheaper with a 0.39% expense ratio, compared with 0.45% for IEMB.L.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.45% for IEMB.L and 0.39% for JMAB.L.
Find the right allocation for IEMB.L and JMAB.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