JEMWX vs. IEMG
JEMWX (JPMorgan Emerging Markets Equity Fund Class R6) and IEMG (iShares Core MSCI Emerging Markets ETF) are both funds - JEMWX is a Emerging Markets Equities fund actively managed by JPMorgan, while IEMG is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net). JEMWX is actively managed, while IEMG is passively managed. Over the past 10 years, JEMWX returned 12.13%/yr vs 10.41%/yr for IEMG. Their correlation of 0.91 suggests significant overlap in exposure. JEMWX charges 0.74%/yr vs 0.09%/yr for IEMG.
Performance
JEMWX vs. IEMG - Performance Comparison
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Returns By Period
In the year-to-date period, JEMWX achieves a 33.11% return, which is significantly higher than IEMG's 26.21% return. Over the past 10 years, JEMWX has outperformed IEMG with an annualized return of 12.13%, while IEMG has yielded a comparatively lower 10.41% annualized return.
JEMWX
- 1D
- 0.80%
- 1M
- 9.90%
- YTD
- 33.11%
- 6M
- 36.27%
- 1Y
- 67.26%
- 3Y*
- 25.78%
- 5Y*
- 6.47%
- 10Y*
- 12.13%
IEMG
- 1D
- -1.34%
- 1M
- 7.97%
- YTD
- 26.21%
- 6M
- 28.63%
- 1Y
- 52.58%
- 3Y*
- 23.55%
- 5Y*
- 7.58%
- 10Y*
- 10.41%
JEMWX vs. IEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JEMWX JPMorgan Emerging Markets Equity Fund Class R6 | 33.11% | 40.40% | 3.61% | 7.42% | -25.61% | -10.20% | 35.00% | 32.20% | -15.82% | 42.84% |
IEMG iShares Core MSCI Emerging Markets ETF | 26.21% | 32.56% | 6.50% | 11.52% | -19.98% | -0.64% | 17.87% | 17.81% | -14.92% | 37.38% |
Correlation
The correlation between JEMWX and IEMG is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014 | 0.91 |
The correlation between JEMWX and IEMG has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
JEMWX vs. IEMG — Risk / Return Rank
JEMWX
IEMG
JEMWX vs. IEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Emerging Markets Equity Fund Class R6 (JEMWX) and iShares Core MSCI Emerging Markets ETF (IEMG). 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.
| JEMWX | IEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.50 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 5.41 | 4.00 | +1.41 |
| Martin ratioReturn relative to average drawdown | 22.67 | 15.38 | +7.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JEMWX | IEMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.51 | 2.72 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.41 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.52 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.35 | +0.13 |
Drawdowns
JEMWX vs. IEMG - Drawdown Comparison
The maximum JEMWX drawdown since its inception was -49.42%, which is greater than IEMG's maximum drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for JEMWX and IEMG.
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Drawdown Indicators
| JEMWX | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.42% | -38.71% | -10.71% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -13.21% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -15.01% | -17.21% | +2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -44.78% | -35.83% | -8.95% |
Max Drawdown (10Y)Largest decline over 10 years | -49.42% | -38.71% | -10.71% |
Current DrawdownCurrent decline from peak | 0.00% | -1.34% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -17.42% | -12.97% | -4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 3.43% | -0.44% |
Volatility
JEMWX vs. IEMG - Volatility Comparison
JPMorgan Emerging Markets Equity Fund Class R6 (JEMWX) and iShares Core MSCI Emerging Markets ETF (IEMG) have volatilities of 8.00% and 8.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEMWX | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.00% | 8.31% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 16.25% | 16.93% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.40% | 19.43% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.24% | 18.38% | +0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 20.03% | -0.59% |
JEMWX vs. IEMG - Expense Ratio Comparison
JEMWX has a 0.74% expense ratio, which is higher than IEMG's 0.09% expense ratio.
Dividends
JEMWX vs. IEMG - Dividend Comparison
JEMWX's dividend yield for the trailing twelve months is around 1.07%, less than IEMG's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMG iShares Core MSCI Emerging Markets ETF | 2.18% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
JEMWX JPMorgan Emerging Markets Equity Fund Class R6 | 1.07% | 1.42% | 1.63% | 1.67% | 0.67% | 4.01% | 0.18% | 0.88% | 1.05% | 0.55% | 0.89% | 1.13% |
Frequently Asked Questions
JEMWX and IEMG have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEMG has higher volatility (8.31%) compared to JEMWX (8.00%). In terms of maximum drawdown, JEMWX dropped -49.42% vs IEMG's -38.71%.
JEMWX currently has the higher Sharpe Ratio (3.51 vs 2.72), 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.
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