IS02.DE vs. JMBA.DE
IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) and JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) are both Emerging Markets Bonds funds - IS02.DE tracks the JP Morgan EMBI Global Core while JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index. Both are passively managed. Over the past 5 years, IS02.DE returned 2.45%/yr vs 1.93%/yr for JMBA.DE. Their correlation of 0.92 suggests significant overlap in exposure. IS02.DE charges 0.45%/yr vs 0.39%/yr for JMBA.DE.
Performance
IS02.DE vs. JMBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS02.DE achieves a 4.82% return, which is significantly higher than JMBA.DE's 4.33% return.
IS02.DE
- 1D
- 0.00%
- 1M
- 0.67%
- 6M
- 4.05%
- YTD
- 4.82%
- 1Y
- 11.67%
- 3Y*
- 8.13%
- 5Y*
- 2.45%
- 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*
- —
IS02.DE vs. JMBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 4.82% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | -0.46% |
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.33% | 0.84% | 7.77% | 5.79% | -10.80% | 5.58% | 1.61% |
Correlation
The correlation between IS02.DE and JMBA.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2020 | 0.92 |
The correlation between IS02.DE and JMBA.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
IS02.DE vs. JMBA.DE — Risk / Return Rank
IS02.DE
JMBA.DE
IS02.DE vs. JMBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.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.
| IS02.DE | JMBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 3.84 | +0.07 |
| Martin ratioReturn relative to average drawdown | 11.45 | 11.71 | -0.26 |
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Drawdowns
IS02.DE vs. JMBA.DE - Drawdown Comparison
The maximum IS02.DE drawdown since its inception was -16.21%, smaller than the maximum JMBA.DE drawdown of -26.66%. Use the drawdown chart below to compare losses from any high point for IS02.DE and JMBA.DE.
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Drawdown Indicators
| IS02.DE | JMBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.21% | -26.66% | +10.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -3.14% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -12.85% | -12.45% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -14.09% | -2.12% |
Current DrawdownCurrent decline from peak | -1.09% | -1.40% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -11.27% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.03% | -0.01% |
Volatility
IS02.DE vs. JMBA.DE - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) has a higher volatility of 1.64% compared to JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) at 1.53%. This indicates that IS02.DE's price experiences larger fluctuations and is considered to be riskier than JMBA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS02.DE | JMBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 1.53% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 4.11% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.10% | 6.05% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.53% | 8.43% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.35% | 10.70% | -2.35% |
IS02.DE vs. JMBA.DE - Expense Ratio Comparison
IS02.DE has a 0.45% expense ratio, which is higher than JMBA.DE's 0.39% expense ratio.
Dividends
IS02.DE vs. JMBA.DE - Dividend Comparison
Neither IS02.DE nor JMBA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, IS02.DE and JMBA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 IS02.DE.
IS02.DE tracks JP Morgan EMBI Global Core, while JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.45% for IS02.DE and 0.39% for JMBA.DE.
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