JMBA.DE vs. JPBM.DE
JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) and JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) are both Emerging Markets Bonds funds from JPMorgan - JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index while JPBM.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, JMBA.DE returned 1.93%/yr vs 1.94%/yr for JPBM.DE. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.39% expense ratio.
Performance
JMBA.DE vs. JPBM.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 JPBM.DE slightly higher at 4.41%.
JMBA.DE
- 1D
- 0.15%
- 1M
- 0.65%
- 6M
- 3.04%
- YTD
- 4.34%
- 1Y
- 10.59%
- 3Y*
- 6.42%
- 5Y*
- 1.93%
- 10Y*
- —
JPBM.DE
- 1D
- 0.25%
- 1M
- 0.76%
- 6M
- 3.15%
- YTD
- 4.41%
- 1Y
- 10.73%
- 3Y*
- 6.45%
- 5Y*
- 1.94%
- 10Y*
- —
JMBA.DE vs. JPBM.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% |
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 4.41% | 0.87% | 7.74% | 5.71% | -10.77% | 5.50% | -4.06% | 2.36% |
Correlation
The correlation between JMBA.DE and JPBM.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.88 |
The correlation between JMBA.DE and JPBM.DE has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.
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Return for Risk
JMBA.DE vs. JPBM.DE — Risk / Return Rank
JMBA.DE
JPBM.DE
JMBA.DE vs. JPBM.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 - USD (Dist) (JPBM.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 | JPBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 3.48 | -0.13 |
| Martin ratioReturn relative to average drawdown | 10.21 | 9.94 | +0.27 |
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Drawdowns
JMBA.DE vs. JPBM.DE - Drawdown Comparison
The maximum JMBA.DE drawdown since its inception was -26.66%, roughly equal to the maximum JPBM.DE drawdown of -25.94%. Use the drawdown chart below to compare losses from any high point for JMBA.DE and JPBM.DE.
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Drawdown Indicators
| JMBA.DE | JPBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.66% | -25.94% | -0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -3.07% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -12.49% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -14.09% | -14.10% | +0.01% |
Current DrawdownCurrent decline from peak | -1.39% | -1.43% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -9.22% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.08% | -0.04% |
Volatility
JMBA.DE vs. JPBM.DE - Volatility Comparison
The current volatility for JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) is 1.13%, while JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) has a volatility of 1.30%. This indicates that JMBA.DE experiences smaller price fluctuations and is considered to be less risky than JPBM.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 | JPBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.30% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 3.99% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 5.81% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 8.48% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 14.84% | -4.14% |
JMBA.DE vs. JPBM.DE - Expense Ratio Comparison
Both JMBA.DE and JPBM.DE have an expense ratio of 0.39%.
Dividends
JMBA.DE vs. JPBM.DE - Dividend Comparison
JMBA.DE has not paid dividends to shareholders, while JPBM.DE's dividend yield for the trailing twelve months is around 5.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 5.80% | 6.24% | 5.67% | 5.42% | 5.58% | 3.96% | 4.40% | 4.40% | 4.04% |
Frequently Asked Questions
With a correlation of 0.91, JMBA.DE and JPBM.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 JPBM.DE have the same expense ratio: 0.39% per year.
JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index, while JPBM.DE tracks JPM EMBI Global Diversified TR USD.
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