JMBA.DE vs. SLMG.DE
JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) and SLMG.DE (iShares J.P. Morgan ESG USD EM Bond 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 SLMG.DE tracks the JP Morgan ESG EMBI Global Diversified (EUR Hedged). Both are passively managed. Over the past 5 years, JMBA.DE returned 1.93%/yr vs -1.01%/yr for SLMG.DE. At a 0.49 correlation, their price movements are largely independent. JMBA.DE charges 0.39%/yr vs 0.50%/yr for SLMG.DE.
Performance
JMBA.DE vs. SLMG.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JMBA.DE achieves a 4.34% return, which is significantly higher than SLMG.DE's 0.61% 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*
- —
SLMG.DE
- 1D
- 0.00%
- 1M
- -1.00%
- 6M
- 0.61%
- YTD
- 0.61%
- 1Y
- 6.88%
- 3Y*
- 5.86%
- 5Y*
- -1.01%
- 10Y*
- —
JMBA.DE vs. SLMG.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% |
SLMG.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc | 0.61% | 10.76% | 3.24% | 7.20% | -21.29% | -3.94% | 3.70% | 2.59% |
Correlation
The correlation between JMBA.DE and SLMG.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 | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.49 |
Over the past year, the correlation between JMBA.DE and SLMG.DE has dropped to 0.28 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JMBA.DE vs. SLMG.DE — Risk / Return Rank
JMBA.DE
SLMG.DE
JMBA.DE vs. SLMG.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 iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.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 | SLMG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 1.43 | +1.92 |
| Martin ratioReturn relative to average drawdown | 10.21 | 5.57 | +4.63 |
Loading charts...
Drawdowns
JMBA.DE vs. SLMG.DE - Drawdown Comparison
The maximum JMBA.DE drawdown since its inception was -26.66%, smaller than the maximum SLMG.DE drawdown of -31.14%. Use the drawdown chart below to compare losses from any high point for JMBA.DE and SLMG.DE.
Loading charts...
Drawdown Indicators
| JMBA.DE | SLMG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.66% | -31.14% | +4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -4.78% | +1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -8.08% | -4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -14.09% | -30.75% | +16.66% |
Current DrawdownCurrent decline from peak | -1.39% | -6.75% | +5.36% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -12.71% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.23% | -0.19% |
Volatility
JMBA.DE vs. SLMG.DE - Volatility Comparison
JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) has a higher volatility of 1.13% compared to iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.DE) at 1.03%. This indicates that JMBA.DE's price experiences larger fluctuations and is considered to be riskier than SLMG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JMBA.DE | SLMG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.03% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 4.79% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 5.73% | +0.23% |
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% | 10.25% | +0.45% |
JMBA.DE vs. SLMG.DE - Expense Ratio Comparison
JMBA.DE has a 0.39% expense ratio, which is lower than SLMG.DE's 0.50% expense ratio.
Dividends
JMBA.DE vs. SLMG.DE - Dividend Comparison
Neither JMBA.DE nor SLMG.DE has paid dividends to shareholders.
Frequently Asked Questions
JMBA.DE and SLMG.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, 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 0.50% for SLMG.DE.
JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index, while SLMG.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged). They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JMBA.DE and 0.50% for SLMG.DE.
Find the right allocation for JMBA.DE and SLMG.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer