IS02.DE vs. JPBM.DE
IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) and JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) are both Emerging Markets Bonds funds - IS02.DE tracks the JP Morgan EMBI Global Core while JPBM.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, IS02.DE returned 3.02%/yr vs 2.50%/yr for JPBM.DE. Their correlation of 0.91 suggests significant overlap in exposure. IS02.DE charges 0.45%/yr vs 0.39%/yr for JPBM.DE.
Performance
IS02.DE vs. JPBM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS02.DE achieves a 5.97% return, which is significantly higher than JPBM.DE's 5.47% return.
IS02.DE
- 1D
- 0.00%
- 1M
- 3.85%
- YTD
- 5.97%
- 6M
- 6.21%
- 1Y
- 13.45%
- 3Y*
- 7.94%
- 5Y*
- 3.02%
- 10Y*
- —
JPBM.DE
- 1D
- -0.43%
- 1M
- 3.61%
- YTD
- 5.47%
- 6M
- 5.74%
- 1Y
- 12.80%
- 3Y*
- 6.13%
- 5Y*
- 2.50%
- 10Y*
- —
IS02.DE vs. JPBM.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) | 5.97% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | -0.46% |
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 5.47% | 0.87% | 7.74% | 5.71% | -10.77% | 5.50% | 1.68% |
Correlation
The correlation between IS02.DE and JPBM.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2020 | 0.91 |
The correlation between IS02.DE and JPBM.DE has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.
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Return for Risk
IS02.DE vs. JPBM.DE — Risk / Return Rank
IS02.DE
JPBM.DE
IS02.DE vs. JPBM.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 JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.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 | JPBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.41 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.50 | 4.16 | +0.34 |
| Martin ratioReturn relative to average drawdown | 13.35 | 12.20 | +1.15 |
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Drawdowns
IS02.DE vs. JPBM.DE - Drawdown Comparison
The maximum IS02.DE drawdown since its inception was -16.21%, smaller than the maximum JPBM.DE drawdown of -25.94%. Use the drawdown chart below to compare losses from any high point for IS02.DE and JPBM.DE.
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Drawdown Indicators
| IS02.DE | JPBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.21% | -25.94% | +9.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -3.07% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -12.85% | -12.49% | -0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -14.10% | -2.11% |
Current DrawdownCurrent decline from peak | 0.00% | -0.43% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -9.28% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.05% | -0.04% |
Volatility
IS02.DE vs. JPBM.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) is 1.37%, while JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) has a volatility of 1.55%. This indicates that IS02.DE experiences smaller price fluctuations and is considered to be less risky than JPBM.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 | JPBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.55% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.12% | 4.13% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.10% | 5.93% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.54% | 8.49% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.38% | 14.89% | -6.51% |
IS02.DE vs. JPBM.DE - Expense Ratio Comparison
IS02.DE has a 0.45% expense ratio, which is higher than JPBM.DE's 0.39% expense ratio.
Dividends
IS02.DE vs. JPBM.DE - Dividend Comparison
IS02.DE has not paid dividends to shareholders, while JPBM.DE's dividend yield for the trailing twelve months is around 5.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 5.66% | 6.24% | 5.67% | 5.42% | 5.58% | 3.96% | 4.40% | 4.40% | 4.04% |
Frequently Asked Questions
IS02.DE and JPBM.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPBM.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPBM.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 JPBM.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.45% for IS02.DE and 0.39% for JPBM.DE.
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