JMBA.DE vs. SNAZ.DE
JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) and SNAZ.DE (iShares J.P. Morgan $ EM Corp 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 SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). Both are passively managed. Over the past 5 years, JMBA.DE returned 1.93%/yr vs -0.19%/yr for SNAZ.DE. At a 0.36 correlation, their price movements are largely independent. JMBA.DE charges 0.39%/yr vs 0.53%/yr for SNAZ.DE.
Performance
JMBA.DE vs. SNAZ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JMBA.DE achieves a 4.33% return, which is significantly higher than SNAZ.DE's 0.59% 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*
- —
SNAZ.DE
- 1D
- 0.20%
- 1M
- 0.00%
- 6M
- 0.39%
- YTD
- 0.59%
- 1Y
- 3.85%
- 3Y*
- 4.86%
- 5Y*
- -0.19%
- 10Y*
- —
JMBA.DE vs. SNAZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.33% | 0.84% | 7.77% | 5.79% | -10.80% | 5.58% | -3.40% |
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.59% | 6.26% | 4.36% | 5.28% | -14.17% | -1.55% | 5.52% |
Correlation
The correlation between JMBA.DE and SNAZ.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.36 |
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. SNAZ.DE — Risk / Return Rank
JMBA.DE
SNAZ.DE
JMBA.DE vs. SNAZ.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 $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.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 | SNAZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.22 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 1.32 | +2.52 |
| Martin ratioReturn relative to average drawdown | 11.71 | 4.83 | +6.88 |
Loading charts...
Drawdowns
JMBA.DE vs. SNAZ.DE - Drawdown Comparison
The maximum JMBA.DE drawdown since its inception was -26.66%, which is greater than SNAZ.DE's maximum drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for JMBA.DE and SNAZ.DE.
Loading charts...
Drawdown Indicators
| JMBA.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.66% | -21.88% | -4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -2.91% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -3.82% | -8.63% |
Max Drawdown (5Y)Largest decline over 5 years | -14.09% | -21.88% | +7.79% |
Current DrawdownCurrent decline from peak | -1.40% | -1.73% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -7.61% | -3.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.80% | +0.23% |
Volatility
JMBA.DE vs. SNAZ.DE - Volatility Comparison
JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) has a higher volatility of 1.53% compared to iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) at 0.98%. This indicates that JMBA.DE's price experiences larger fluctuations and is considered to be riskier than SNAZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JMBA.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 0.98% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 2.77% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.05% | 3.40% | +2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 5.06% | +3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 7.63% | +3.07% |
JMBA.DE vs. SNAZ.DE - Expense Ratio Comparison
JMBA.DE has a 0.39% expense ratio, which is lower than SNAZ.DE's 0.53% expense ratio.
Dividends
JMBA.DE vs. SNAZ.DE - Dividend Comparison
Neither JMBA.DE nor SNAZ.DE has paid dividends to shareholders.
Frequently Asked Questions
JMBA.DE and SNAZ.DE have a correlation of 0.30, 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 0.53% for SNAZ.DE.
JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index, while SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JMBA.DE and 0.53% for SNAZ.DE.
Find the right allocation for JMBA.DE and SNAZ.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