JEMA vs. IBND

Last updated Jul 14, 2026

JEMA (JPMorgan ActiveBuilders Emerging Markets Equity ETF) and IBND (SPDR Bloomberg Barclays International Corporate Bond ETF) are both exchange-traded funds - JEMA is a Emerging Markets Equities fund actively managed by JPMorgan, while IBND is a Corporate Bonds fund tracking the Bloomberg Global Aggregate x USD >$1B: Corporate Bond. JEMA is actively managed, while IBND is passively managed. Over the past 5 years, JEMA returned 6.28%/yr vs -1.48%/yr for IBND. At a 0.45 correlation, their price movements are largely independent. JEMA charges 0.39%/yr vs 0.50%/yr for IBND.

Performance

JEMA vs. IBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) and SPDR Bloomberg Barclays International Corporate Bond ETF (IBND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEMA achieves a 22.82% return, which is significantly higher than IBND's -2.74% return.

JEMA

• 1D: -3.63%
• 1M: -4.04%
• 6M: 16.50%
• YTD: 22.82%
• 1Y: 44.10%
• 3Y*: 20.30%
• 5Y*: 6.28%
• 10Y*: —

IBND

• 1D: -0.68%
• 1M: -1.81%
• 6M: -2.62%
• YTD: -2.74%
• 1Y: -1.37%
• 3Y*: 4.39%
• 5Y*: -1.48%
• 10Y*: 0.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JEMA vs. IBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF	22.82%	34.89%	5.68%	9.82%	-24.98%	-4.72%
IBND SPDR Bloomberg Barclays International Corporate Bond ETF	-2.74%	16.17%	-2.81%	10.38%	-19.44%	-4.71%

Correlation

The correlation between JEMA and IBND is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Mar 11, 2021	0.45

Return for Risk

JEMA vs. IBND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JEMA

JEMA Risk / Return Rank: 75
JEMA Sharpe Ratio Rank: 74
JEMA Sortino Ratio Rank: 65
JEMA Omega Ratio Rank: 75
JEMA Calmar Ratio Rank: 81
JEMA Martin Ratio Rank: 80

IBND

IBND Risk / Return Rank: 7
IBND Sharpe Ratio Rank: 8
IBND Sortino Ratio Rank: 7
IBND Omega Ratio Rank: 7
IBND Calmar Ratio Rank: 7
IBND Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JEMA vs. IBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) and SPDR Bloomberg Barclays International Corporate Bond ETF (IBND). 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.

	JEMA	IBND	Difference
Sharpe ratio: Return per unit of total volatility	1.87	-0.17	+2.04
Sortino ratio: Return per unit of downside risk	2.38	-0.19	+2.57
Omega ratio: Gain probability vs. loss probability	1.35	0.98	+0.37
Calmar ratio: Return relative to maximum drawdown	3.38	-0.20	+3.58
Martin ratio: Return relative to average drawdown	12.18	-0.48	+12.67

JEMA vs. IBND - Sharpe Ratio Comparison

The current JEMA Sharpe Ratio is 1.87, which is higher than the IBND Sharpe Ratio of -0.17. The chart below compares the historical Sharpe Ratios of JEMA and IBND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JEMA vs. IBND - Drawdown Comparison

The maximum JEMA drawdown since its inception was -39.50%, which is greater than IBND's maximum drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for JEMA and IBND.

Drawdown Indicators

	JEMA	IBND	Difference
Max Drawdown Largest peak-to-trough decline	-39.50%	-35.62%	-3.88%
Max Drawdown (1Y) Largest decline over 1 year	-13.11%	-6.75%	-6.36%
Max Drawdown (3Y) Largest decline over 3 years	-18.11%	-9.18%	-8.93%
Max Drawdown (5Y) Largest decline over 5 years	-38.23%	-33.49%	-4.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.62%	—
Current Drawdown Current decline from peak	-9.17%	-10.97%	+1.80%
Average Drawdown Average peak-to-trough decline	-16.79%	-10.63%	-6.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	2.84%	+0.79%

Volatility

JEMA vs. IBND - Volatility Comparison

JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) has a higher volatility of 11.32% compared to SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) at 2.12%. This indicates that JEMA's price experiences larger fluctuations and is considered to be riskier than IBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEMA	IBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.32%	2.12%	+9.20%
Volatility (6M) Calculated over the trailing 6-month period	21.68%	6.37%	+15.31%
Volatility (1Y) Calculated over the trailing 1-year period	23.79%	8.01%	+15.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.83%	9.76%	+10.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.56%	8.92%	+10.64%

JEMA vs. IBND - Expense Ratio Comparison

JEMA has a 0.39% expense ratio, which is lower than IBND's 0.50% expense ratio.

Dividends

JEMA vs. IBND - Dividend Comparison

JEMA's dividend yield for the trailing twelve months is around 2.38%, less than IBND's 2.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBND SPDR Bloomberg Barclays International Corporate Bond ETF	2.81%	2.49%	2.61%	2.08%	0.54%	0.38%	0.45%	0.67%	0.71%	0.34%	0.01%	0.01%
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF	2.38%	2.93%	2.44%	2.95%	2.69%	1.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JEMA and IBND in my portfolio?

JEMA and IBND have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JEMA or IBND?

JEMA has higher volatility (11.32%) compared to IBND (2.12%). In terms of maximum drawdown, JEMA dropped -39.50% vs IBND's -35.62%.

Which ETF is better, JEMA or IBND?

On 5-year performance, JEMA leads with 6.28% vs -1.48% for IBND. On fees, JEMA is cheaper at 0.39% per year. On volatility, IBND has been the lower-risk option at 2.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JEMA or IBND?

Over the 5-year period, JEMA has performed better with a 6.28% return vs -1.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JEMA or IBND?

JEMA is cheaper with a 0.39% expense ratio, compared with 0.50% for IBND.

Which ETF pays a higher dividend yield, JEMA or IBND?

IBND has the higher dividend yield at 2.81%, compared with 2.38% for JEMA.

What is the main difference between JEMA and IBND?

JEMA is categorized as Emerging Markets Equities, while IBND is Corporate Bonds. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.39% for JEMA and 0.50% for IBND.

Which has better risk-adjusted returns?

JEMA currently has the higher Sharpe Ratio (1.87 vs -0.17), 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.