JMAB.L vs. LEMB.L
JMAB.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF) and LEMB.L (Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist) are both Emerging Markets Bonds funds tracking the JPM EMBI Global Diversified TR USD, from JPMorgan and Amundi respectively. Both are passively managed. Over the past 5 years, JMAB.L returned 2.63%/yr vs 2.25%/yr for LEMB.L. A 0.77 correlation means they provide meaningful diversification when combined. JMAB.L charges 0.39%/yr vs 0.30%/yr for LEMB.L.
Performance
JMAB.L vs. LEMB.L - Performance Comparison
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Different Trading Currencies
JMAB.L is traded in GBP, while LEMB.L is traded in USD. To make them comparable, the LEMB.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JMAB.L achieves a 1.93% return, which is significantly lower than LEMB.L's 2.21% return.
JMAB.L
- 1D
- 0.33%
- 1M
- 2.07%
- YTD
- 1.93%
- 6M
- 1.52%
- 1Y
- 12.20%
- 3Y*
- 5.18%
- 5Y*
- 2.63%
- 10Y*
- —
LEMB.L
- 1D
- 0.25%
- 1M
- 1.88%
- YTD
- 2.21%
- 6M
- 1.57%
- 1Y
- 11.81%
- 3Y*
- 4.71%
- 5Y*
- 2.25%
- 10Y*
- 2.95%
JMAB.L vs. LEMB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JMAB.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF | 1.93% | 5.64% | 3.60% | 3.51% | -6.11% | -1.18% | 1.75% | 2.11% |
LEMB.L Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist | 2.21% | 4.47% | 2.42% | 3.79% | -6.69% | -1.30% | 1.22% | 1.38% |
Correlation
The correlation between JMAB.L and LEMB.L is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2019 | 0.77 |
The correlation between JMAB.L and LEMB.L has been stable across timeframes, ranging from 0.77 to 0.78 - a consistent structural relationship.
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Return for Risk
JMAB.L vs. LEMB.L — Risk / Return Rank
JMAB.L
LEMB.L
JMAB.L vs. LEMB.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 Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist (LEMB.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.
| JMAB.L | LEMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.31 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.55 | +0.23 |
| Martin ratioReturn relative to average drawdown | 7.77 | 7.62 | +0.15 |
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
| JMAB.L | LEMB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 1.75 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.23 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.37 | -0.19 |
Drawdowns
JMAB.L vs. LEMB.L - Drawdown Comparison
The maximum JMAB.L drawdown since its inception was -16.21%, smaller than the maximum LEMB.L drawdown of -23.69%. Use the drawdown chart below to compare losses from any high point for JMAB.L and LEMB.L.
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Drawdown Indicators
| JMAB.L | LEMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.21% | -23.69% | +7.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.38% | -4.62% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -8.77% | -8.77% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -13.80% | -13.94% | +0.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.65% | — |
Current DrawdownCurrent decline from peak | -0.07% | -4.12% | +4.05% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -10.59% | +3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.55% | +0.02% |
Volatility
JMAB.L vs. LEMB.L - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF (JMAB.L) is 1.58%, while Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist (LEMB.L) has a volatility of 2.04%. This indicates that JMAB.L experiences smaller price fluctuations and is considered to be less risky than LEMB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMAB.L | LEMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 2.04% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 5.39% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.91% | 6.73% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.62% | 9.72% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.51% | 12.02% | -2.51% |
JMAB.L vs. LEMB.L - Expense Ratio Comparison
JMAB.L has a 0.39% expense ratio, which is higher than LEMB.L's 0.30% expense ratio.
Dividends
JMAB.L vs. LEMB.L - Dividend Comparison
JMAB.L has not paid dividends to shareholders, while LEMB.L's dividend yield for the trailing twelve months is around 5.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
LEMB.L Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist | 5.20% | 5.29% | 3.59% | 5.90% | 5.73% | 4.49% | 4.12% | 5.12% | 5.18% | 5.14% | 5.41% | 6.69% |
Frequently Asked Questions
JMAB.L and LEMB.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LEMB.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LEMB.L is cheaper with a 0.30% expense ratio, compared with 0.39% for JMAB.L.
Both ETFs track JPM EMBI Global Diversified TR USD. They also come from different issuers: JPMorgan and Amundi. Their fees differ too: 0.39% for JMAB.L and 0.30% for LEMB.L.
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