JMBA.DE vs. FESD.DE
JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) and FESD.DE (Fidelity Sustainable 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 FESD.DE tracks the Fidelity Sustainable USD EM Bond. Both are passively managed. Over the past 5 years, JMBA.DE returned 1.93%/yr vs 1.92%/yr for FESD.DE. A 0.77 correlation means they provide meaningful diversification when combined. JMBA.DE charges 0.39%/yr vs 0.45%/yr for FESD.DE.
Performance
JMBA.DE vs. FESD.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 lower than FESD.DE's 5.96% 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*
- —
FESD.DE
- 1D
- 0.00%
- 1M
- 0.56%
- 6M
- 5.20%
- YTD
- 5.96%
- 1Y
- 12.79%
- 3Y*
- 7.38%
- 5Y*
- 1.92%
- 10Y*
- —
JMBA.DE vs. FESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.33% | 0.84% | 7.77% | 5.79% | -10.80% | 6.78% |
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 5.96% | 0.93% | 9.23% | 5.14% | -13.10% | -8.73% |
Correlation
The correlation between JMBA.DE and FESD.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2021 | 0.77 |
The correlation between JMBA.DE and FESD.DE has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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Return for Risk
JMBA.DE vs. FESD.DE — Risk / Return Rank
JMBA.DE
FESD.DE
JMBA.DE vs. FESD.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 Fidelity Sustainable USD EM Bond UCITS ETF (FESD.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 | FESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.38 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 3.46 | +0.38 |
| Martin ratioReturn relative to average drawdown | 11.71 | 9.36 | +2.34 |
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Drawdowns
JMBA.DE vs. FESD.DE - Drawdown Comparison
The maximum JMBA.DE drawdown since its inception was -26.66%, which is greater than FESD.DE's maximum drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for JMBA.DE and FESD.DE.
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Drawdown Indicators
| JMBA.DE | FESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.66% | -22.67% | -3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -3.71% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -12.34% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -14.09% | -15.86% | +1.77% |
Current DrawdownCurrent decline from peak | -1.40% | -2.58% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -13.92% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.37% | -0.34% |
Volatility
JMBA.DE vs. FESD.DE - Volatility Comparison
JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) and Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) have volatilities of 1.53% and 1.54%, 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 | FESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.54% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 4.93% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.05% | 6.75% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 8.74% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 10.61% | +0.09% |
JMBA.DE vs. FESD.DE - Expense Ratio Comparison
JMBA.DE has a 0.39% expense ratio, which is lower than FESD.DE's 0.45% expense ratio.
Dividends
JMBA.DE vs. FESD.DE - Dividend Comparison
JMBA.DE has not paid dividends to shareholders, while FESD.DE's dividend yield for the trailing twelve months is around 7.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 7.70% | 6.61% | 6.31% | 5.87% | 5.06% | 2.34% |
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JMBA.DE and FESD.DE have a correlation of 0.84, 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 FESD.DE.
JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index, while FESD.DE tracks Fidelity Sustainable USD EM Bond. They also come from different issuers: JPMorgan and Fidelity. Their fees differ too: 0.39% for JMBA.DE and 0.45% for FESD.DE.
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