JMAB.L vs. JPBM.L
JMAB.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF) and JPBM.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) are both Emerging Markets Bonds funds from JPMorgan tracking the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, JMAB.L returned 2.57%/yr vs 2.65%/yr for JPBM.L. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.39% expense ratio.
Performance
JMAB.L vs. JPBM.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JMAB.L achieves a 3.48% return, which is significantly lower than JPBM.L's 4.40% return.
JMAB.L
- 1D
- -0.33%
- 1M
- 3.35%
- YTD
- 3.48%
- 6M
- 4.02%
- 1Y
- 13.23%
- 3Y*
- 6.28%
- 5Y*
- 2.57%
- 10Y*
- —
JPBM.L
- 1D
- 0.55%
- 1M
- 4.22%
- YTD
- 4.40%
- 6M
- 4.94%
- 1Y
- 14.39%
- 3Y*
- 6.58%
- 5Y*
- 2.65%
- 10Y*
- —
JMAB.L vs. JPBM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JMAB.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF | 3.48% | 5.64% | 3.61% | 3.51% | -6.11% | -1.18% | 1.75% | -21.71% |
JPBM.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 4.40% | 5.64% | 3.59% | 3.47% | -6.16% | -1.16% | 1.79% | 1.31% |
Correlation
The correlation between JMAB.L and JPBM.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.95 |
The correlation between JMAB.L and JPBM.L has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JMAB.L vs. JPBM.L — Risk / Return Rank
JMAB.L
JPBM.L
JMAB.L vs. JPBM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF (JMAB.L) and JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.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.
| JMAB.L | JPBM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 3.22 | -0.31 |
| Martin ratioReturn relative to average drawdown | 8.15 | 9.14 | -0.99 |
Loading charts...
Drawdowns
JMAB.L vs. JPBM.L - Drawdown Comparison
The maximum JMAB.L drawdown since its inception was -31.26%, roughly equal to the maximum JPBM.L drawdown of -30.26%. Use the drawdown chart below to compare losses from any high point for JMAB.L and JPBM.L.
Loading charts...
Drawdown Indicators
| JMAB.L | JPBM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.26% | -30.26% | -1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -4.38% | -4.45% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -8.77% | -8.64% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -22.71% | -13.66% | -9.05% |
Current DrawdownCurrent decline from peak | -14.03% | -2.43% | -11.60% |
Average DrawdownAverage peak-to-trough decline | -23.41% | -15.40% | -8.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 1.57% | -0.01% |
Volatility
JMAB.L vs. JPBM.L - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF (JMAB.L) has a higher volatility of 1.62% compared to JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.L) at 1.50%. This indicates that JMAB.L's price experiences larger fluctuations and is considered to be riskier than JPBM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JMAB.L | JPBM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.50% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 4.55% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.00% | 6.18% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.73% | 8.64% | +9.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.01% | 14.00% | +5.01% |
JMAB.L vs. JPBM.L - Expense Ratio Comparison
Both JMAB.L and JPBM.L have an expense ratio of 0.39%.
Dividends
JMAB.L vs. JPBM.L - Dividend Comparison
JMAB.L has not paid dividends to shareholders, while JPBM.L's dividend yield for the trailing twelve months is around 5.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JMAB.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPBM.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 5.68% | 6.11% | 5.75% | 5.44% | 5.36% | 4.05% | 4.34% | 4.56% | 3.99% |
Frequently Asked Questions
With a correlation of 0.96, JMAB.L and JPBM.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.39% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JMAB.L and JPBM.L have the same expense ratio: 0.39% per year.
Both ETFs track JPM EMBI Global Diversified TR USD.
Find the right allocation for JMAB.L and JPBM.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer