JMBA.DE vs. XUEM.DE
JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) and XUEM.DE (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) are both Emerging Markets Bonds funds - JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index while XUEM.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 2.37%/yr for XUEM.DE. Their correlation of 0.90 suggests significant overlap in exposure. JMBA.DE charges 0.39%/yr vs 0.25%/yr for XUEM.DE.
Performance
JMBA.DE vs. XUEM.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 XUEM.DE's 5.37% 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*
- —
XUEM.DE
- 1D
- -0.19%
- 1M
- 0.67%
- 6M
- 4.45%
- YTD
- 5.37%
- 1Y
- 12.57%
- 3Y*
- 8.38%
- 5Y*
- 2.37%
- 10Y*
- —
JMBA.DE vs. XUEM.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% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 5.37% | 1.05% | 12.16% | 7.17% | -14.21% | 5.47% | -6.15% | 2.66% |
Correlation
The correlation between JMBA.DE and XUEM.DE is 0.89, 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 | 0.89 |
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 Dec 3, 2019 | 0.90 |
The correlation between JMBA.DE and XUEM.DE has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
JMBA.DE vs. XUEM.DE — Risk / Return Rank
JMBA.DE
XUEM.DE
JMBA.DE vs. XUEM.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 USD Emerging Markets Bond UCITS ETF 2D (XUEM.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 | XUEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 4.66 | -0.82 |
| Martin ratioReturn relative to average drawdown | 11.71 | 13.83 | -2.13 |
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Drawdowns
JMBA.DE vs. XUEM.DE - Drawdown Comparison
The maximum JMBA.DE drawdown since its inception was -26.66%, roughly equal to the maximum XUEM.DE drawdown of -26.81%. Use the drawdown chart below to compare losses from any high point for JMBA.DE and XUEM.DE.
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Drawdown Indicators
| JMBA.DE | XUEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.66% | -26.81% | +0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -2.69% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -13.41% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -14.09% | -17.53% | +3.44% |
Current DrawdownCurrent decline from peak | -1.40% | -1.13% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -10.03% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.91% | +0.12% |
Volatility
JMBA.DE vs. XUEM.DE - Volatility Comparison
JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) has a higher volatility of 1.53% compared to Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) at 1.44%. This indicates that JMBA.DE's price experiences larger fluctuations and is considered to be riskier than XUEM.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 | XUEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.44% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 3.86% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.05% | 6.09% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 8.72% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 11.74% | -1.04% |
JMBA.DE vs. XUEM.DE - Expense Ratio Comparison
JMBA.DE has a 0.39% expense ratio, which is higher than XUEM.DE's 0.25% expense ratio.
Dividends
JMBA.DE vs. XUEM.DE - Dividend Comparison
JMBA.DE has not paid dividends to shareholders, while XUEM.DE's dividend yield for the trailing twelve months is around 5.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 5.12% | 5.56% | 6.56% | 5.40% | 5.95% | 8.12% | 4.58% | 0.61% |
Frequently Asked Questions
JMBA.DE and XUEM.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEM.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 XUEM.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 XUEM.DE.
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