JMBA.DE vs. CEB0.DE
JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) and CEB0.DE (iShares China CNY Bond UCITS ETF EUR Hedged Dist) are both Emerging Markets Bonds funds - JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index while CEB0.DE tracks the Bloomberg Barclays China Treasury + Policy Bank Index. Both are passively managed. Over the past year, JMBA.DE returned 10.91% vs 1.66% for CEB0.DE. At a 0.07 correlation, their price movements are largely independent. JMBA.DE charges 0.39%/yr vs 0.40%/yr for CEB0.DE.
Performance
JMBA.DE vs. CEB0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JMBA.DE achieves a 4.33% return, which is significantly higher than CEB0.DE's 2.17% return.
JMBA.DE
- 1D
- -0.15%
- 1M
- 0.55%
- 6M
- 3.60%
- YTD
- 4.33%
- 1Y
- 10.91%
- 3Y*
- 6.62%
- 5Y*
- 1.93%
- 10Y*
- —
CEB0.DE
- 1D
- 0.00%
- 1M
- 0.73%
- 6M
- 2.20%
- YTD
- 2.17%
- 1Y
- 1.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JMBA.DE vs. CEB0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.33% | 0.84% | 6.46% |
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 2.17% | 0.43% | 6.85% |
Correlation
The correlation between JMBA.DE and CEB0.DE is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2024 | 0.07 |
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Return for Risk
JMBA.DE vs. CEB0.DE — Risk / Return Rank
JMBA.DE
CEB0.DE
JMBA.DE vs. CEB0.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 China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.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 | CEB0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.18 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 1.67 | +2.17 |
| Martin ratioReturn relative to average drawdown | 11.71 | 3.64 | +8.06 |
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Drawdowns
JMBA.DE vs. CEB0.DE - Drawdown Comparison
The maximum JMBA.DE drawdown since its inception was -26.66%, which is greater than CEB0.DE's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for JMBA.DE and CEB0.DE.
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Drawdown Indicators
| JMBA.DE | CEB0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.66% | -1.83% | -24.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -0.99% | -2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.09% | — | — |
Current DrawdownCurrent decline from peak | -1.40% | 0.00% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -0.37% | -10.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.46% | +0.57% |
Volatility
JMBA.DE vs. CEB0.DE - Volatility Comparison
JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) has a higher volatility of 1.53% compared to iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.DE) at 0.44%. This indicates that JMBA.DE's price experiences larger fluctuations and is considered to be riskier than CEB0.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 | CEB0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 0.44% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 1.47% | +2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.05% | 1.75% | +4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 2.01% | +6.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 2.01% | +8.69% |
JMBA.DE vs. CEB0.DE - Expense Ratio Comparison
JMBA.DE has a 0.39% expense ratio, which is lower than CEB0.DE's 0.40% expense ratio.
Dividends
JMBA.DE vs. CEB0.DE - Dividend Comparison
JMBA.DE has not paid dividends to shareholders, while CEB0.DE's dividend yield for the trailing twelve months is around 1.71%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.71% | 1.84% | 1.43% |
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JMBA.DE and CEB0.DE have a correlation of 0.09, 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 0.40% for CEB0.DE.
JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index, while CEB0.DE tracks Bloomberg Barclays China Treasury + Policy Bank Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JMBA.DE and 0.40% for CEB0.DE.
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