JMBA.DE vs. JMBE.DE
JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) and JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) are both Emerging Markets Bonds funds from JPMorgan - JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index while JMBE.DE tracks the JPM EMBI Global Diversified Hedge TR EUR. Both are passively managed. Over the past 5 years, JMBA.DE returned 1.93%/yr vs -0.91%/yr for JMBE.DE. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.39% expense ratio.
Performance
JMBA.DE vs. JMBE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JMBA.DE achieves a 4.34% return, which is significantly higher than JMBE.DE's 0.35% return.
JMBA.DE
- 1D
- 0.15%
- 1M
- 0.65%
- 6M
- 3.04%
- YTD
- 4.34%
- 1Y
- 10.59%
- 3Y*
- 6.42%
- 5Y*
- 1.93%
- 10Y*
- —
JMBE.DE
- 1D
- -0.07%
- 1M
- -0.87%
- 6M
- 0.60%
- YTD
- 0.35%
- 1Y
- 6.81%
- 3Y*
- 4.98%
- 5Y*
- -0.91%
- 10Y*
- —
JMBA.DE vs. JMBE.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% |
JMBE.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) | 0.35% | 11.00% | 0.03% | 7.02% | -18.34% | -3.60% | 3.18% | 3.19% |
Correlation
The correlation between JMBA.DE and JMBE.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.54 |
The correlation between JMBA.DE and JMBE.DE shifts across timeframes, from 0.35 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JMBA.DE vs. JMBE.DE — Risk / Return Rank
JMBA.DE
JMBE.DE
JMBA.DE vs. JMBE.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 JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.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 | JMBE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.23 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 1.44 | +1.92 |
| Martin ratioReturn relative to average drawdown | 10.21 | 5.66 | +4.54 |
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Drawdowns
JMBA.DE vs. JMBE.DE - Drawdown Comparison
The maximum JMBA.DE drawdown since its inception was -26.66%, smaller than the maximum JMBE.DE drawdown of -28.18%. Use the drawdown chart below to compare losses from any high point for JMBA.DE and JMBE.DE.
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Drawdown Indicators
| JMBA.DE | JMBE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.66% | -28.18% | +1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -4.73% | +1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -7.78% | -4.67% |
Max Drawdown (5Y)Largest decline over 5 years | -14.09% | -27.72% | +13.63% |
Current DrawdownCurrent decline from peak | -1.39% | -6.19% | +4.80% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -10.31% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.20% | -0.16% |
Volatility
JMBA.DE vs. JMBE.DE - Volatility Comparison
JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) has a higher volatility of 1.13% compared to JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE) at 1.06%. This indicates that JMBA.DE's price experiences larger fluctuations and is considered to be riskier than JMBE.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 | JMBE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.06% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 4.62% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 5.49% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 8.55% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 9.59% | +1.11% |
JMBA.DE vs. JMBE.DE - Expense Ratio Comparison
Both JMBA.DE and JMBE.DE have an expense ratio of 0.39%.
Dividends
JMBA.DE vs. JMBE.DE - Dividend Comparison
Neither JMBA.DE nor JMBE.DE has paid dividends to shareholders.
Frequently Asked Questions
JMBA.DE and JMBE.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.39% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JMBA.DE and JMBE.DE have the same expense ratio: 0.39% per year.
JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index, while JMBE.DE tracks JPM EMBI Global Diversified Hedge TR EUR.
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