JMBA.DE vs. SEAB.DE
JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) and SEAB.DE (UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index while SEAB.DE tracks the JP Morgan USD Emerging Markets Diversified 3% capped 1-5 (EUR Hedged). Both are passively managed. Over the past 5 years, JMBA.DE returned 1.93%/yr vs 0.98%/yr for SEAB.DE. At a 0.42 correlation, their price movements are largely independent. JMBA.DE charges 0.39%/yr vs 0.38%/yr for SEAB.DE.
Performance
JMBA.DE vs. SEAB.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 higher than SEAB.DE's 1.34% 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*
- —
SEAB.DE
- 1D
- 0.08%
- 1M
- -0.39%
- 6M
- 1.02%
- YTD
- 1.34%
- 1Y
- 5.24%
- 3Y*
- 5.89%
- 5Y*
- 0.98%
- 10Y*
- —
JMBA.DE vs. SEAB.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% |
SEAB.DE UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc | 1.34% | 7.72% | 5.56% | 5.68% | -12.29% | -0.74% | 1.25% | 1.35% |
Correlation
The correlation between JMBA.DE and SEAB.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.42 |
The correlation between JMBA.DE and SEAB.DE shifts across timeframes, from 0.28 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JMBA.DE vs. SEAB.DE — Risk / Return Rank
JMBA.DE
SEAB.DE
JMBA.DE vs. SEAB.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 UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc (SEAB.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 | SEAB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 2.58 | +1.25 |
| Martin ratioReturn relative to average drawdown | 11.71 | 10.64 | +1.06 |
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Drawdowns
JMBA.DE vs. SEAB.DE - Drawdown Comparison
The maximum JMBA.DE drawdown since its inception was -26.66%, which is greater than SEAB.DE's maximum drawdown of -18.02%. Use the drawdown chart below to compare losses from any high point for JMBA.DE and SEAB.DE.
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Drawdown Indicators
| JMBA.DE | SEAB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.66% | -18.02% | -8.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -2.02% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -2.41% | -10.04% |
Max Drawdown (5Y)Largest decline over 5 years | -14.09% | -18.02% | +3.93% |
Current DrawdownCurrent decline from peak | -1.40% | -0.39% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -4.72% | -6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.49% | +0.54% |
Volatility
JMBA.DE vs. SEAB.DE - Volatility Comparison
JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) has a higher volatility of 1.53% compared to UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc (SEAB.DE) at 0.51%. This indicates that JMBA.DE's price experiences larger fluctuations and is considered to be riskier than SEAB.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 | SEAB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 0.51% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 2.25% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.05% | 2.70% | +3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 4.49% | +3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 5.13% | +5.57% |
JMBA.DE vs. SEAB.DE - Expense Ratio Comparison
JMBA.DE has a 0.39% expense ratio, which is higher than SEAB.DE's 0.38% expense ratio.
Dividends
JMBA.DE vs. SEAB.DE - Dividend Comparison
Neither JMBA.DE nor SEAB.DE has paid dividends to shareholders.
Frequently Asked Questions
JMBA.DE and SEAB.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEAB.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEAB.DE is cheaper with a 0.38% expense ratio, compared with 0.39% for JMBA.DE.
JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index, while SEAB.DE tracks JP Morgan USD Emerging Markets Diversified 3% capped 1-5 (EUR Hedged). They also come from different issuers: JPMorgan and UBS. Their fees differ too: 0.39% for JMBA.DE and 0.38% for SEAB.DE.
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