IEMG vs. JPM
IEMG (iShares Core MSCI Emerging Markets ETF) is Emerging Markets Diversified fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net), while JPM (JPMorgan Chase & Co.) is a stock. Over the past 10 years, IEMG returned 10.42%/yr vs 21.02%/yr for JPM. At a 0.46 correlation, their price movements are largely independent.
Performance
IEMG vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, IEMG achieves a 22.84% return, which is significantly higher than JPM's 0.50% return. Over the past 10 years, IEMG has underperformed JPM with an annualized return of 10.42%, while JPM has yielded a comparatively higher 21.02% annualized return.
IEMG
- 1D
- 0.61%
- 1M
- 0.34%
- YTD
- 22.84%
- 6M
- 25.59%
- 1Y
- 44.83%
- 3Y*
- 21.33%
- 5Y*
- 7.15%
- 10Y*
- 10.42%
JPM
- 1D
- 2.31%
- 1M
- 6.94%
- YTD
- 0.50%
- 6M
- 1.66%
- 1Y
- 23.40%
- 3Y*
- 34.22%
- 5Y*
- 17.82%
- 10Y*
- 21.02%
IEMG vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEMG iShares Core MSCI Emerging Markets ETF | 22.84% | 32.56% | 6.50% | 11.52% | -19.98% | -0.64% | 17.87% | 17.81% | -14.92% | 37.38% |
JPM JPMorgan Chase & Co. | 0.50% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
Correlation
The correlation between IEMG and JPM is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2012 | 0.46 |
The correlation between IEMG and JPM shifts across timeframes, from 0.30 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IEMG vs. JPM — Risk / Return Rank
IEMG
JPM
IEMG vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets ETF (IEMG) and JPMorgan Chase & Co. (JPM). 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.
| IEMG | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.18 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 1.42 | +1.81 |
| Martin ratioReturn relative to average drawdown | 11.89 | 3.36 | +8.53 |
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Drawdowns
IEMG vs. JPM - Drawdown Comparison
The maximum IEMG drawdown since its inception was -38.71%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for IEMG and JPM.
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Drawdown Indicators
| IEMG | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.71% | -76.16% | +37.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.21% | -15.47% | +2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -17.21% | -24.42% | +7.21% |
Max Drawdown (5Y)Largest decline over 5 years | -35.75% | -38.77% | +3.02% |
Max Drawdown (10Y)Largest decline over 10 years | -38.71% | -43.63% | +4.92% |
Current DrawdownCurrent decline from peak | -3.98% | -3.66% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -12.95% | -17.62% | +4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 6.54% | -2.95% |
Volatility
IEMG vs. JPM - Volatility Comparison
iShares Core MSCI Emerging Markets ETF (IEMG) has a higher volatility of 10.60% compared to JPMorgan Chase & Co. (JPM) at 6.35%. This indicates that IEMG's price experiences larger fluctuations and is considered to be riskier than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEMG | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.60% | 6.35% | +4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 18.89% | 16.67% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.08% | 21.76% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 24.46% | -5.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.17% | 27.39% | -7.22% |
Dividends
IEMG vs. JPM - Dividend Comparison
IEMG's dividend yield for the trailing twelve months is around 2.24%, more than JPM's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMG iShares Core MSCI Emerging Markets ETF | 2.24% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
JPM JPMorgan Chase & Co. | 1.84% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
Frequently Asked Questions
IEMG and JPM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEMG has higher volatility (10.60%) compared to JPM (6.35%). In terms of maximum drawdown, IEMG dropped -38.71% vs JPM's -76.16%.
IEMG currently has the higher Sharpe Ratio (2.03 vs 1.01), 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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