JMBA.DE vs. EM1C.DE
JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) and EM1C.DE (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) are both Emerging Markets Bonds funds - JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index while EM1C.DE tracks the JP Morgan GBI-Emerging Markets Global Core. Both are passively managed. Over the past 5 years, JMBA.DE returned 1.93%/yr vs 2.41%/yr for EM1C.DE. A 0.56 correlation means they provide meaningful diversification when combined. JMBA.DE charges 0.39%/yr vs 0.30%/yr for EM1C.DE.
Performance
JMBA.DE vs. EM1C.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JMBA.DE having a 4.34% return and EM1C.DE slightly lower at 4.27%.
JMBA.DE
- 1D
- 0.15%
- 1M
- 0.65%
- 6M
- 3.04%
- YTD
- 4.34%
- 1Y
- 10.59%
- 3Y*
- 6.42%
- 5Y*
- 1.93%
- 10Y*
- —
EM1C.DE
- 1D
- -0.44%
- 1M
- 0.23%
- 6M
- 2.39%
- YTD
- 4.27%
- 1Y
- 8.95%
- 3Y*
- 4.77%
- 5Y*
- 2.41%
- 10Y*
- —
JMBA.DE vs. EM1C.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% |
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 4.27% | 4.52% | 3.70% | 6.43% | -4.55% | -2.31% | -6.15% | 2.67% |
Correlation
The correlation between JMBA.DE and EM1C.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.56 |
The correlation between JMBA.DE and EM1C.DE has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
JMBA.DE vs. EM1C.DE — Risk / Return Rank
JMBA.DE
EM1C.DE
JMBA.DE vs. EM1C.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 VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.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 | EM1C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 2.60 | +0.75 |
| Martin ratioReturn relative to average drawdown | 10.21 | 8.74 | +1.47 |
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Drawdowns
JMBA.DE vs. EM1C.DE - Drawdown Comparison
The maximum JMBA.DE drawdown since its inception was -26.66%, which is greater than EM1C.DE's maximum drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for JMBA.DE and EM1C.DE.
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Drawdown Indicators
| JMBA.DE | EM1C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.66% | -23.47% | -3.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -3.43% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -7.21% | -5.24% |
Max Drawdown (5Y)Largest decline over 5 years | -14.09% | -8.70% | -5.39% |
Current DrawdownCurrent decline from peak | -1.39% | -3.15% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -13.82% | +2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.02% | +0.02% |
Volatility
JMBA.DE vs. EM1C.DE - Volatility Comparison
JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) and VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) have volatilities of 1.13% and 1.12%, 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
| JMBA.DE | EM1C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.12% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 4.27% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 5.09% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 7.04% | +1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 10.10% | +0.60% |
JMBA.DE vs. EM1C.DE - Expense Ratio Comparison
JMBA.DE has a 0.39% expense ratio, which is higher than EM1C.DE's 0.30% expense ratio.
Dividends
JMBA.DE vs. EM1C.DE - Dividend Comparison
Neither JMBA.DE nor EM1C.DE has paid dividends to shareholders.
Frequently Asked Questions
JMBA.DE and EM1C.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EM1C.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EM1C.DE is cheaper with a 0.30% expense ratio, compared with 0.39% for JMBA.DE.
JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index, while EM1C.DE tracks JP Morgan GBI-Emerging Markets Global Core. They also come from different issuers: JPMorgan and VanEck. Their fees differ too: 0.39% for JMBA.DE and 0.30% for EM1C.DE.
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