JEMDX vs. DBLEX

Last updated Aug 1, 2026

JEMDX (JPMorgan Emerging Markets Debt Fund) and DBLEX (DoubleLine Emerging Markets Fixed Income Fund) are both Emerging Markets Bonds funds. Over the past 10 years, JEMDX returned 2.76%/yr vs 3.42%/yr for DBLEX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. JEMDX charges 0.83%/yr vs 0.90%/yr for DBLEX.

Performance

JEMDX vs. DBLEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Emerging Markets Debt Fund (JEMDX) and DoubleLine Emerging Markets Fixed Income Fund (DBLEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEMDX achieves a 1.34% return, which is significantly higher than DBLEX's 1.00% return. Over the past 10 years, JEMDX has underperformed DBLEX with an annualized return of 2.76%, while DBLEX has yielded a comparatively higher 3.42% annualized return.

JEMDX

• 1D: -0.15%
• 1M: -1.23%
• 6M: 0.19%
• YTD: 1.34%
• 1Y: 9.00%
• 3Y*: 8.97%
• 5Y*: 1.63%
• 10Y*: 2.76%
• ALL TIME*: 6.10%

DBLEX

• 1D: -0.11%
• 1M: -0.56%
• 6M: 0.28%
• YTD: 1.00%
• 1Y: 3.76%
• 3Y*: 7.40%
• 5Y*: 1.82%
• 10Y*: 3.42%
• ALL TIME*: 4.20%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DBLEX DoubleLine Emerging Markets Fixed Income Fund	$0.00	$0.00	$0.00
JEMDX JPMorgan Emerging Markets Debt Fund	$0.00	$0.00	$0.00

JEMDX vs. DBLEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JEMDX JPMorgan Emerging Markets Debt Fund	1.34%	13.87%	7.37%	10.17%	-18.60%	-3.22%	5.37%	13.86%	-5.82%	10.25%
DBLEX DoubleLine Emerging Markets Fixed Income Fund	1.00%	8.39%	8.20%	9.64%	-15.30%	1.97%	4.85%	11.80%	-3.20%	8.48%

Correlation

The correlation between JEMDX and DBLEX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (10Y) Provides a long-term view across more market conditions.	0.69
Correlation (All Time) Calculated using the full available price history since Apr 6, 2010	0.67

The correlation between JEMDX and DBLEX shifts across timeframes, from 0.66 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JEMDX vs. DBLEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JEMDX

JEMDX Risk / Return Rank: 68
JEMDX Sharpe Ratio Rank: 80
JEMDX Sortino Ratio Rank: 82
JEMDX Omega Ratio Rank: 82
JEMDX Calmar Ratio Rank: 46
JEMDX Martin Ratio Rank: 52

DBLEX

DBLEX Risk / Return Rank: 74
DBLEX Sharpe Ratio Rank: 78
DBLEX Sortino Ratio Rank: 78
DBLEX Omega Ratio Rank: 82
DBLEX Calmar Ratio Rank: 64
DBLEX Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JEMDX vs. DBLEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Emerging Markets Debt Fund (JEMDX) and DoubleLine Emerging Markets Fixed Income Fund (DBLEX). 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.

	JEMDX	DBLEX	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.84	+0.06
Sortino ratio: Return per unit of downside risk	2.88	2.72	+0.17
Omega ratio: Gain probability vs. loss probability	1.39	1.38	0.00
Calmar ratio: Return relative to maximum drawdown	1.79	2.15	-0.36
Martin ratio: Return relative to average drawdown	7.15	8.34	-1.19

JEMDX vs. DBLEX - Sharpe Ratio Comparison

The current JEMDX Sharpe Ratio is 1.90, which is comparable to the DBLEX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of JEMDX and DBLEX, 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

JEMDX vs. DBLEX - Drawdown Comparison

The maximum JEMDX drawdown since its inception was -38.84%, which is greater than DBLEX's maximum drawdown of -25.43%. Use the drawdown chart below to compare losses from any high point for JEMDX and DBLEX.

Drawdown Indicators

	JEMDX	DBLEX	Difference
Max Drawdown Largest peak-to-trough decline	-38.84%	-25.43%	-13.41%
Max Drawdown (1Y) Largest decline over 1 year	-5.14%	-1.81%	-3.33%
Max Drawdown (3Y) Largest decline over 3 years	-6.32%	-4.43%	-1.89%
Max Drawdown (5Y) Largest decline over 5 years	-30.83%	-25.43%	-5.40%
Max Drawdown (10Y) Largest decline over 10 years	-30.83%	-25.43%	-5.40%
Current Drawdown Current decline from peak	-1.97%	-0.82%	-1.15%
Average Drawdown Average peak-to-trough decline	-6.07%	-3.45%	-2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.29%	0.47%	+0.82%

Volatility

JEMDX vs. DBLEX - Volatility Comparison

JPMorgan Emerging Markets Debt Fund (JEMDX) has a higher volatility of 1.04% compared to DoubleLine Emerging Markets Fixed Income Fund (DBLEX) at 0.54%. This indicates that JEMDX's price experiences larger fluctuations and is considered to be riskier than DBLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEMDX	DBLEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.04%	0.54%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	4.11%	1.63%	+2.48%
Volatility (1Y) Calculated over the trailing 1-year period	4.84%	2.12%	+2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.94%	4.51%	+2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.14%	4.64%	+2.50%

JEMDX vs. DBLEX - Expense Ratio Comparison

JEMDX has a 0.83% expense ratio, which is lower than DBLEX's 0.90% expense ratio.

Dividends

JEMDX vs. DBLEX - Dividend Comparison

JEMDX's dividend yield for the trailing twelve months is around 5.42%, more than DBLEX's 5.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBLEX DoubleLine Emerging Markets Fixed Income Fund	5.11%	5.59%	5.97%	5.54%	4.77%	4.00%	4.37%	4.57%	3.83%	4.33%	4.54%	5.21%
JEMDX JPMorgan Emerging Markets Debt Fund	5.42%	5.61%	6.13%	5.47%	6.15%	4.38%	3.71%	4.52%	4.64%	4.43%	5.06%	4.76%

Frequently Asked Questions

Can I hold both JEMDX and DBLEX in my portfolio?

JEMDX and DBLEX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JEMDX or DBLEX?

JEMDX has higher volatility (1.04%) compared to DBLEX (0.54%). In terms of maximum drawdown, JEMDX dropped -38.84% vs DBLEX's -25.43%.

Which has better risk-adjusted returns?

JEMDX currently has the higher Sharpe Ratio (1.90 vs 1.84), 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.