IUAE.L vs. JMBA.L
IUAE.L (iShares US Aggregate Bond UCITS ETF) and JMBA.L (JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc)) are both Global Bonds funds - IUAE.L tracks the iShares US Aggregate Bond UCITS ETF 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, IUAE.L returned -2.40%/yr vs 1.89%/yr for JMBA.L. At a 0.33 correlation, their price movements are largely independent. IUAE.L charges 0.30%/yr vs 0.39%/yr for JMBA.L.
Performance
IUAE.L vs. JMBA.L - Performance Comparison
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Different Trading Currencies
IUAE.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, IUAE.L achieves a -1.30% return, which is significantly lower than JMBA.L's 4.03% return.
IUAE.L
- 1D
- -0.07%
- 1M
- -0.90%
- 6M
- -1.30%
- YTD
- -1.30%
- 1Y
- 2.05%
- 3Y*
- 1.62%
- 5Y*
- -2.40%
- 10Y*
- —
JMBA.L
- 1D
- -0.44%
- 1M
- 0.17%
- 6M
- 3.51%
- YTD
- 4.03%
- 1Y
- 10.71%
- 3Y*
- 6.46%
- 5Y*
- 1.89%
- 10Y*
- —
IUAE.L vs. JMBA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUAE.L iShares US Aggregate Bond UCITS ETF | -1.30% | 4.73% | -0.64% | 2.65% | -15.00% | -2.82% | 5.50% | 0.03% |
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 IUAE.L and JMBA.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
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 | 0.33 |
The correlation between IUAE.L and JMBA.L shifts across timeframes, from 0.26 (1 year) to 0.38 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IUAE.L vs. JMBA.L — Risk / Return Rank
IUAE.L
JMBA.L
IUAE.L vs. JMBA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Aggregate Bond UCITS ETF (IUAE.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.
| IUAE.L | JMBA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.29 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 3.13 | -2.54 |
| Martin ratioReturn relative to average drawdown | 1.55 | 10.61 | -9.06 |
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Drawdowns
IUAE.L vs. JMBA.L - Drawdown Comparison
The maximum IUAE.L drawdown since its inception was -22.73%, smaller than the maximum JMBA.L drawdown of -25.70%. Use the drawdown chart below to compare losses from any high point for IUAE.L and JMBA.L.
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Drawdown Indicators
| IUAE.L | JMBA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.73% | -25.70% | +2.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -3.41% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -6.30% | -12.96% | +6.66% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -14.22% | -6.93% |
Current DrawdownCurrent decline from peak | -13.83% | -1.52% | -12.31% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -8.95% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.01% | +0.31% |
Volatility
IUAE.L vs. JMBA.L - Volatility Comparison
The current volatility for iShares US Aggregate Bond UCITS ETF (IUAE.L) is 1.22%, 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 IUAE.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
| IUAE.L | JMBA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.54% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 5.36% | -2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 6.88% | -2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 9.11% | -2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 11.03% | -5.52% |
IUAE.L vs. JMBA.L - Expense Ratio Comparison
IUAE.L has a 0.30% expense ratio, which is lower than JMBA.L's 0.39% expense ratio.
Dividends
IUAE.L vs. JMBA.L - Dividend Comparison
Neither IUAE.L nor JMBA.L has paid dividends to shareholders.
Frequently Asked Questions
IUAE.L and JMBA.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUAE.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUAE.L is cheaper with a 0.30% expense ratio, compared with 0.39% for JMBA.L.
IUAE.L tracks iShares US Aggregate Bond UCITS ETF, 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: 0.30% for IUAE.L and 0.39% for JMBA.L.
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