JMBA.DE vs. JREU.DE
JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) and JREU.DE (JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) are both exchange-traded funds - JMBA.DE is a Emerging Markets Bonds fund tracking the J.P. Morgan Emerging Markets Risk-Aware Bond Index, while JREU.DE is a Large Cap Blend Equities fund tracking the JP Morgan US Research Enhanced Index Equity (ESG). Both are passively managed. Over the past 5 years, JMBA.DE returned 1.93%/yr vs 13.65%/yr for JREU.DE. At a 0.45 correlation, their price movements are largely independent. JMBA.DE charges 0.39%/yr vs 0.20%/yr for JREU.DE.
Performance
JMBA.DE vs. JREU.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 JREU.DE's 12.48% 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*
- —
JREU.DE
- 1D
- 0.21%
- 1M
- 1.56%
- 6M
- 11.77%
- YTD
- 12.48%
- 1Y
- 22.45%
- 3Y*
- 18.83%
- 5Y*
- 13.65%
- 10Y*
- —
JMBA.DE vs. JREU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.33% | 0.84% | 7.77% | 5.79% | -10.80% | 5.58% | -4.14% | -7.72% |
JREU.DE JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) | 12.48% | 3.77% | 32.09% | 24.03% | -14.69% | 42.48% | 8.54% | 3.61% |
Correlation
The correlation between JMBA.DE and JREU.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.45 |
The correlation between JMBA.DE and JREU.DE shifts across timeframes, from 0.44 (5 years) to 0.55 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JMBA.DE vs. JREU.DE — Risk / Return Rank
JMBA.DE
JREU.DE
JMBA.DE vs. JREU.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 US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREU.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 | JREU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 3.28 | +0.55 |
| Martin ratioReturn relative to average drawdown | 11.71 | 12.12 | -0.41 |
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Drawdowns
JMBA.DE vs. JREU.DE - Drawdown Comparison
The maximum JMBA.DE drawdown since its inception was -26.66%, smaller than the maximum JREU.DE drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for JMBA.DE and JREU.DE.
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Drawdown Indicators
| JMBA.DE | JREU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.66% | -34.40% | +7.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -6.81% | +3.67% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -23.37% | +10.92% |
Max Drawdown (5Y)Largest decline over 5 years | -14.09% | -23.37% | +9.28% |
Current DrawdownCurrent decline from peak | -1.40% | -0.15% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -5.32% | -5.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.85% | -0.82% |
Volatility
JMBA.DE vs. JREU.DE - Volatility Comparison
The current volatility for JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) is 1.53%, while JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREU.DE) has a volatility of 2.80%. This indicates that JMBA.DE experiences smaller price fluctuations and is considered to be less risky than JREU.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 | JREU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 2.80% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 7.85% | -3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.05% | 11.75% | -5.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 15.32% | -6.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 17.72% | -7.02% |
JMBA.DE vs. JREU.DE - Expense Ratio Comparison
JMBA.DE has a 0.39% expense ratio, which is higher than JREU.DE's 0.20% expense ratio.
Dividends
JMBA.DE vs. JREU.DE - Dividend Comparison
Neither JMBA.DE nor JREU.DE has paid dividends to shareholders.
Frequently Asked Questions
JMBA.DE and JREU.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREU.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREU.DE is cheaper with a 0.20% expense ratio, compared with 0.39% for JMBA.DE.
JMBA.DE is categorized as Emerging Markets Bonds, while JREU.DE is Large Cap Blend Equities. JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index, while JREU.DE tracks JP Morgan US Research Enhanced Index Equity (ESG). Their fees differ too: 0.39% for JMBA.DE and 0.20% for JREU.DE.
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