JMBA.DE vs. 36B1.DE
JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) and 36B1.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) are both Emerging Markets Bonds funds - JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index while 36B1.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 5 years, JMBA.DE returned 1.93%/yr vs 1.88%/yr for 36B1.DE. Their correlation of 0.88 suggests significant overlap in exposure. JMBA.DE charges 0.39%/yr vs 0.45%/yr for 36B1.DE.
Performance
JMBA.DE vs. 36B1.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JMBA.DE having a 4.34% return and 36B1.DE slightly higher at 4.50%.
JMBA.DE
- 1D
- 0.15%
- 1M
- 0.65%
- 6M
- 3.04%
- YTD
- 4.34%
- 1Y
- 10.59%
- 3Y*
- 6.42%
- 5Y*
- 1.93%
- 10Y*
- —
36B1.DE
- 1D
- 0.26%
- 1M
- 0.79%
- 6M
- 3.14%
- YTD
- 4.50%
- 1Y
- 10.75%
- 3Y*
- 7.32%
- 5Y*
- 1.88%
- 10Y*
- —
JMBA.DE vs. 36B1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.34% | 0.84% | 7.77% | 5.79% | -10.80% | 5.58% | -4.14% | -7.72% |
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 4.50% | 0.52% | 11.39% | 6.09% | -13.65% | 5.10% | -3.83% | 1.87% |
Correlation
The correlation between JMBA.DE and 36B1.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.88 |
The correlation between JMBA.DE and 36B1.DE has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.
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Return for Risk
JMBA.DE vs. 36B1.DE — Risk / Return Rank
JMBA.DE
36B1.DE
JMBA.DE vs. 36B1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) and iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE). 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.
| JMBA.DE | 36B1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 3.73 | -0.37 |
| Martin ratioReturn relative to average drawdown | 10.21 | 10.56 | -0.35 |
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Drawdowns
JMBA.DE vs. 36B1.DE - Drawdown Comparison
The maximum JMBA.DE drawdown since its inception was -26.66%, which is greater than 36B1.DE's maximum drawdown of -22.35%. Use the drawdown chart below to compare losses from any high point for JMBA.DE and 36B1.DE.
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Drawdown Indicators
| JMBA.DE | 36B1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.66% | -22.35% | -4.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -2.87% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -12.32% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -14.09% | -16.23% | +2.14% |
Current DrawdownCurrent decline from peak | -1.39% | -1.28% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -8.65% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.02% | +0.02% |
Volatility
JMBA.DE vs. 36B1.DE - Volatility Comparison
The current volatility for JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) is 1.13%, while iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) has a volatility of 1.29%. This indicates that JMBA.DE experiences smaller price fluctuations and is considered to be less risky than 36B1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMBA.DE | 36B1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.29% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 4.07% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 6.02% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 8.51% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 10.17% | +0.53% |
JMBA.DE vs. 36B1.DE - Expense Ratio Comparison
JMBA.DE has a 0.39% expense ratio, which is lower than 36B1.DE's 0.45% expense ratio.
Dividends
JMBA.DE vs. 36B1.DE - Dividend Comparison
JMBA.DE has not paid dividends to shareholders, while 36B1.DE's dividend yield for the trailing twelve months is around 5.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 5.66% | 5.96% | 5.31% | 5.52% | 5.19% | 3.36% | 3.81% | 2.35% |
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JMBA.DE and 36B1.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMBA.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMBA.DE is cheaper with a 0.39% expense ratio, compared with 0.45% for 36B1.DE.
JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index, while 36B1.DE tracks JP Morgan ESG EMBI Global Diversified. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JMBA.DE and 0.45% for 36B1.DE.
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