JMBA.DE vs. XUEB.DE
JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) and XUEB.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) are both Emerging Markets Bonds funds - JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index while XUEB.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 2.35%/yr for XUEB.DE. Their correlation of 0.85 suggests significant overlap in exposure. JMBA.DE charges 0.39%/yr vs 0.25%/yr for XUEB.DE.
Performance
JMBA.DE vs. XUEB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JMBA.DE achieves a 4.34% return, which is significantly lower than XUEB.DE's 5.18% 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*
- —
XUEB.DE
- 1D
- 0.00%
- 1M
- 0.48%
- 6M
- 3.56%
- YTD
- 5.18%
- 1Y
- 12.08%
- 3Y*
- 8.26%
- 5Y*
- 2.35%
- 10Y*
- —
JMBA.DE vs. XUEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.34% | 0.84% | 7.77% | 5.79% | -10.80% | 5.58% | 0.54% |
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 5.18% | 1.23% | 11.99% | 7.34% | -14.37% | 5.65% | -10.39% |
Correlation
The correlation between JMBA.DE and XUEB.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2020 | 0.85 |
The correlation between JMBA.DE and XUEB.DE has been stable across timeframes, ranging from 0.85 to 0.94 - a consistent structural relationship.
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Return for Risk
JMBA.DE vs. XUEB.DE — Risk / Return Rank
JMBA.DE
XUEB.DE
JMBA.DE vs. XUEB.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 Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.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 | XUEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 0.84 | +2.51 |
| Martin ratioReturn relative to average drawdown | 10.21 | 1.20 | +9.01 |
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Drawdowns
JMBA.DE vs. XUEB.DE - Drawdown Comparison
The maximum JMBA.DE drawdown since its inception was -26.66%, which is greater than XUEB.DE's maximum drawdown of -21.07%. Use the drawdown chart below to compare losses from any high point for JMBA.DE and XUEB.DE.
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Drawdown Indicators
| JMBA.DE | XUEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.66% | -21.07% | -5.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -14.33% | +11.19% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -14.33% | +1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -14.09% | -17.41% | +3.32% |
Current DrawdownCurrent decline from peak | -1.39% | -8.83% | +7.44% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -11.21% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 10.06% | -9.02% |
Volatility
JMBA.DE vs. XUEB.DE - Volatility Comparison
JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) has a higher volatility of 1.13% compared to Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) at 1.00%. This indicates that JMBA.DE's price experiences larger fluctuations and is considered to be riskier than XUEB.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 | XUEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.00% | +0.13% |
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% | 21.57% | -15.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 12.71% | -4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 12.80% | -2.10% |
JMBA.DE vs. XUEB.DE - Expense Ratio Comparison
JMBA.DE has a 0.39% expense ratio, which is higher than XUEB.DE's 0.25% expense ratio.
Dividends
JMBA.DE vs. XUEB.DE - Dividend Comparison
Neither JMBA.DE nor XUEB.DE has paid dividends to shareholders.
Frequently Asked Questions
JMBA.DE and XUEB.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEB.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEB.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for JMBA.DE.
JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index, while XUEB.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.39% for JMBA.DE and 0.25% for XUEB.DE.
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