JMBA.L vs. 0GGH.L
JMBA.L (JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc)) and 0GGH.L (iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)) are both Global Bonds funds - JMBA.L tracks the JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc) while 0GGH.L tracks the Bloomberg Global Aggregate Bond Index. Both are passively managed. Over the past 5 years, JMBA.L returned 1.31%/yr vs -2.09%/yr for 0GGH.L. At a 0.45 correlation, their price movements are largely independent. JMBA.L charges 0.39%/yr vs 0.10%/yr for 0GGH.L.
Performance
JMBA.L vs. 0GGH.L - Performance Comparison
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Different Trading Currencies
JMBA.L is traded in USD, while 0GGH.L is traded in EUR. To make them comparable, the 0GGH.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JMBA.L achieves a 1.60% return, which is significantly higher than 0GGH.L's -2.72% return.
JMBA.L
- 1D
- 0.03%
- 1M
- -0.86%
- 6M
- 1.96%
- YTD
- 1.60%
- 1Y
- 9.48%
- 3Y*
- 7.23%
- 5Y*
- 1.31%
- 10Y*
- —
0GGH.L
- 1D
- 0.00%
- 1M
- -1.61%
- 6M
- -2.08%
- YTD
- -2.72%
- 1Y
- 0.11%
- 3Y*
- 2.93%
- 5Y*
- -2.09%
- 10Y*
- —
JMBA.L vs. 0GGH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JMBA.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc) | 1.60% | 13.26% | 2.01% | 9.51% | -16.13% | -2.45% | 5.36% | 3.30% |
0GGH.L iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) | -2.72% | 15.93% | -4.53% | 7.65% | -18.10% | -10.14% | 15.19% | -0.28% |
Correlation
The correlation between JMBA.L and 0GGH.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.45 |
The correlation between JMBA.L and 0GGH.L has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.
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Return for Risk
JMBA.L vs. 0GGH.L — Risk / Return Rank
JMBA.L
0GGH.L
JMBA.L vs. 0GGH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc) (JMBA.L) and iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.L). 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.L | 0GGH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.00 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | -0.07 | +2.22 |
| Martin ratioReturn relative to average drawdown | 9.04 | -0.15 | +9.19 |
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Drawdowns
JMBA.L vs. 0GGH.L - Drawdown Comparison
The maximum JMBA.L drawdown since its inception was -26.75%, smaller than the maximum 0GGH.L drawdown of -34.45%. Use the drawdown chart below to compare losses from any high point for JMBA.L and 0GGH.L.
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Drawdown Indicators
| JMBA.L | 0GGH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.75% | -34.45% | +7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -6.25% | +1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -7.30% | -10.80% | +3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | -31.63% | +5.72% |
Current DrawdownCurrent decline from peak | -0.86% | -14.80% | +13.94% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -14.16% | +5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 2.89% | -1.84% |
Volatility
JMBA.L vs. 0GGH.L - Volatility Comparison
The current volatility for JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc) (JMBA.L) is 0.76%, while iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.L) has a volatility of 1.67%. This indicates that JMBA.L experiences smaller price fluctuations and is considered to be less risky than 0GGH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMBA.L | 0GGH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 1.67% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 5.78% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.21% | 7.73% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 25.48% | -17.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.54% | 22.21% | -11.67% |
JMBA.L vs. 0GGH.L - Expense Ratio Comparison
JMBA.L has a 0.39% expense ratio, which is higher than 0GGH.L's 0.10% expense ratio.
Dividends
JMBA.L vs. 0GGH.L - Dividend Comparison
Neither JMBA.L nor 0GGH.L has paid dividends to shareholders.
Frequently Asked Questions
JMBA.L and 0GGH.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0GGH.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0GGH.L is cheaper with a 0.10% expense ratio, compared with 0.39% for JMBA.L.
JMBA.L tracks JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc), while 0GGH.L tracks Bloomberg Global Aggregate Bond Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JMBA.L and 0.10% for 0GGH.L.
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