JMBA.L vs. FVUG.L
JMBA.L (JPM USD Emerging Markets Sovereign Bond UCITS ETF USD (Acc)) and FVUG.L (Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc)) are both exchange-traded funds - JMBA.L is a Emerging Markets Bonds fund tracking the J.P. Morgan Emerging Market Risk Aware Bond Index, while FVUG.L is a Green Bonds fund tracking the Bloomberg Global Aggregate EUR Green Bond Index. Both are passively managed. Over the past 5 years, JMBA.L returned 1.31%/yr vs -2.81%/yr for FVUG.L. At a 0.43 correlation, their price movements are largely independent. JMBA.L charges 0.39%/yr vs 0.25%/yr for FVUG.L.
Performance
JMBA.L vs. FVUG.L - Performance Comparison
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Different Trading Currencies
JMBA.L is traded in USD, while FVUG.L is traded in GBP. To make them comparable, the FVUG.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 1.62% return, which is significantly higher than FVUG.L's -2.17% return.
JMBA.L
- 1D
- 0.12%
- 1M
- -0.60%
- 6M
- 1.83%
- YTD
- 1.62%
- 1Y
- 9.28%
- 3Y*
- 7.14%
- 5Y*
- 1.31%
- 10Y*
- —
FVUG.L
- 1D
- 0.13%
- 1M
- -1.27%
- 6M
- -1.30%
- YTD
- -2.17%
- 1Y
- -0.29%
- 3Y*
- 3.73%
- 5Y*
- -2.81%
- 10Y*
- —
JMBA.L vs. FVUG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JMBA.L JPM USD Emerging Markets Sovereign Bond UCITS ETF USD (Acc) | 1.62% | 13.26% | 2.01% | 9.51% | -16.13% | -2.45% | 5.36% | 3.30% |
FVUG.L Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) | -2.17% | 13.83% | -3.53% | 11.21% | -23.64% | -10.17% | 14.73% | 1.62% |
Correlation
The correlation between JMBA.L and FVUG.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.43 |
The correlation between JMBA.L and FVUG.L has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
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Return for Risk
JMBA.L vs. FVUG.L — Risk / Return Rank
JMBA.L
FVUG.L
JMBA.L vs. FVUG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM USD Emerging Markets Sovereign Bond UCITS ETF USD (Acc) (JMBA.L) and Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FVUG.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 | FVUG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.00 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | -0.05 | +2.15 |
| Martin ratioReturn relative to average drawdown | 8.82 | -0.11 | +8.92 |
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Drawdowns
JMBA.L vs. FVUG.L - Drawdown Comparison
The maximum JMBA.L drawdown since its inception was -26.75%, smaller than the maximum FVUG.L drawdown of -39.52%. Use the drawdown chart below to compare losses from any high point for JMBA.L and FVUG.L.
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Drawdown Indicators
| JMBA.L | FVUG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.75% | -39.52% | +12.77% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -5.97% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -7.30% | -9.89% | +2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | -36.79% | +10.88% |
Current DrawdownCurrent decline from peak | -0.83% | -18.44% | +17.61% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -18.43% | +10.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 2.69% | -1.64% |
Volatility
JMBA.L vs. FVUG.L - Volatility Comparison
The current volatility for JPM USD Emerging Markets Sovereign Bond UCITS ETF USD (Acc) (JMBA.L) is 0.77%, while Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FVUG.L) has a volatility of 1.61%. This indicates that JMBA.L experiences smaller price fluctuations and is considered to be less risky than FVUG.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 | FVUG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 1.61% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 4.37% | 6.23% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.19% | 7.91% | -2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 9.87% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.53% | 10.93% | -0.40% |
JMBA.L vs. FVUG.L - Expense Ratio Comparison
JMBA.L has a 0.39% expense ratio, which is higher than FVUG.L's 0.25% expense ratio.
Dividends
JMBA.L vs. FVUG.L - Dividend Comparison
Neither JMBA.L nor FVUG.L has paid dividends to shareholders.
Frequently Asked Questions
JMBA.L and FVUG.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FVUG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FVUG.L is cheaper with a 0.25% expense ratio, compared with 0.39% for JMBA.L.
JMBA.L is categorized as Emerging Markets Bonds, while FVUG.L is Green Bonds. JMBA.L tracks J.P. Morgan Emerging Market Risk Aware Bond Index, while FVUG.L tracks Bloomberg Global Aggregate EUR Green Bond Index. They also come from different issuers: JPMorgan and Franklin. Their fees differ too: 0.39% for JMBA.L and 0.25% for FVUG.L.
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