JMBA.L vs. JEPI.L
JMBA.L (JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc)) and JEPI.L (JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - JMBA.L is a Global Bonds fund tracking the JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc), while JEPI.L is a Derivative Income fund actively managed by JPMorgan. JMBA.L is passively managed, while JEPI.L is actively managed. Over the past year, JMBA.L returned 9.48% vs 9.57% for JEPI.L. At a 0.47 correlation, their price movements are largely independent. JMBA.L charges 0.39%/yr vs 0.35%/yr for JEPI.L.
Performance
JMBA.L vs. JEPI.L - Performance Comparison
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Returns By Period
In the year-to-date period, JMBA.L achieves a 1.60% return, which is significantly lower than JEPI.L's 2.77% 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*
- —
JEPI.L
- 1D
- 0.00%
- 1M
- 1.24%
- 6M
- 1.27%
- YTD
- 2.77%
- 1Y
- 9.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JMBA.L vs. JEPI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JMBA.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc) | 1.60% | 13.26% | -1.21% |
JEPI.L JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) | 2.77% | 8.11% | -0.36% |
Correlation
The correlation between JMBA.L and JEPI.L is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.47 |
The correlation between JMBA.L and JEPI.L has been stable across timeframes, ranging from 0.47 to 0.50 - a consistent structural relationship.
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Return for Risk
JMBA.L vs. JEPI.L — Risk / Return Rank
JMBA.L
JEPI.L
JMBA.L vs. JEPI.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 JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEPI.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 | JEPI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.21 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 1.52 | +0.63 |
| Martin ratioReturn relative to average drawdown | 9.04 | 4.10 | +4.94 |
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Drawdowns
JMBA.L vs. JEPI.L - Drawdown Comparison
The maximum JMBA.L drawdown since its inception was -26.75%, which is greater than JEPI.L's maximum drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for JMBA.L and JEPI.L.
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Drawdown Indicators
| JMBA.L | JEPI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.75% | -14.36% | -12.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -6.29% | +1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -7.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | — | — |
Current DrawdownCurrent decline from peak | -0.86% | -1.99% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -2.48% | -5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 2.34% | -1.29% |
Volatility
JMBA.L vs. JEPI.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 JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEPI.L) has a volatility of 2.55%. This indicates that JMBA.L experiences smaller price fluctuations and is considered to be less risky than JEPI.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 | JEPI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 2.55% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 6.66% | -2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.21% | 8.47% | -3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 11.65% | -3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.54% | 11.65% | -1.11% |
JMBA.L vs. JEPI.L - Expense Ratio Comparison
JMBA.L has a 0.39% expense ratio, which is higher than JEPI.L's 0.35% expense ratio.
Dividends
JMBA.L vs. JEPI.L - Dividend Comparison
JMBA.L has not paid dividends to shareholders, while JEPI.L's dividend yield for the trailing twelve months is around 7.70%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEPI.L JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) | 7.70% | 7.08% | 0.62% |
JMBA.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JMBA.L and JEPI.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, JEPI.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEPI.L is cheaper with a 0.35% expense ratio, compared with 0.39% for JMBA.L.
JMBA.L is categorized as Global Bonds, while JEPI.L is Derivative Income. Their fees differ too: 0.39% for JMBA.L and 0.35% for JEPI.L.
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