JMBA.L vs. JPLG.L

Last updated Jul 16, 2026

JMBA.L (JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc)) and JPLG.L (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) 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 JPLG.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, JMBA.L returned 1.31%/yr vs 9.78%/yr for JPLG.L. A 0.52 correlation means they provide meaningful diversification when combined. JMBA.L charges 0.39%/yr vs 0.20%/yr for JPLG.L.

Performance

JMBA.L vs. JPLG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc) (JMBA.L) and JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JMBA.L is traded in USD, while JPLG.L is traded in GBp. To make them comparable, the JPLG.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 lower than JPLG.L's 12.28% 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*: —

JPLG.L

• 1D: 0.17%
• 1M: 0.54%
• 6M: 9.84%
• YTD: 12.28%
• 1Y: 21.85%
• 3Y*: 15.54%
• 5Y*: 9.78%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JMBA.L vs. JPLG.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%
JPLG.L JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating	12.28%	18.42%	10.23%	12.69%	-10.05%	23.54%	5.71%	3.39%

Correlation

The correlation between JMBA.L and JPLG.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	0.51
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	0.52

The correlation between JMBA.L and JPLG.L has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.

Return for Risk

JMBA.L vs. JPLG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JMBA.L

JMBA.L Risk / Return Rank: 69
JMBA.L Sharpe Ratio Rank: 70
JMBA.L Sortino Ratio Rank: 81
JMBA.L Omega Ratio Rank: 76
JMBA.L Calmar Ratio Rank: 53
JMBA.L Martin Ratio Rank: 64

JPLG.L

JPLG.L Risk / Return Rank: 88
JPLG.L Sharpe Ratio Rank: 92
JPLG.L Sortino Ratio Rank: 91
JPLG.L Omega Ratio Rank: 90
JPLG.L Calmar Ratio Rank: 84
JPLG.L Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JMBA.L vs. JPLG.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 Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.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	JPLG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.38	-0.56
Sortino ratio: Return per unit of downside risk	2.90	3.49	-0.59
Omega ratio: Gain probability vs. loss probability	1.36	1.42	-0.06
Calmar ratio: Return relative to maximum drawdown	2.15	3.29	-1.14
Martin ratio: Return relative to average drawdown	9.04	12.36	-3.33

JMBA.L vs. JPLG.L - Sharpe Ratio Comparison

The current JMBA.L Sharpe Ratio is 1.82, which is comparable to the JPLG.L Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of JMBA.L and JPLG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JMBA.L vs. JPLG.L - Drawdown Comparison

The maximum JMBA.L drawdown since its inception was -26.75%, smaller than the maximum JPLG.L drawdown of -35.38%. Use the drawdown chart below to compare losses from any high point for JMBA.L and JPLG.L.

Drawdown Indicators

	JMBA.L	JPLG.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.75%	-35.38%	+8.63%
Max Drawdown (1Y) Largest decline over 1 year	-4.39%	-6.61%	+2.22%
Max Drawdown (3Y) Largest decline over 3 years	-7.30%	-12.54%	+5.24%
Max Drawdown (5Y) Largest decline over 5 years	-25.91%	-21.57%	-4.34%
Current Drawdown Current decline from peak	-0.86%	0.00%	-0.86%
Average Drawdown Average peak-to-trough decline	-8.30%	-4.44%	-3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	1.76%	-0.71%

Volatility

JMBA.L vs. JPLG.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 Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L) has a volatility of 2.16%. This indicates that JMBA.L experiences smaller price fluctuations and is considered to be less risky than JPLG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMBA.L	JPLG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.76%	2.16%	-1.40%
Volatility (6M) Calculated over the trailing 6-month period	4.38%	7.11%	-2.73%
Volatility (1Y) Calculated over the trailing 1-year period	5.21%	9.17%	-3.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.44%	13.16%	-4.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.54%	15.74%	-5.20%

JMBA.L vs. JPLG.L - Expense Ratio Comparison

JMBA.L has a 0.39% expense ratio, which is higher than JPLG.L's 0.20% expense ratio.

Dividends

JMBA.L vs. JPLG.L - Dividend Comparison

Neither JMBA.L nor JPLG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JMBA.L and JPLG.L in my portfolio?

JMBA.L and JPLG.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.

Which ETF is better, JMBA.L or JPLG.L?

On fees, JPLG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JMBA.L or JPLG.L?

JPLG.L is cheaper with a 0.20% expense ratio, compared with 0.39% for JMBA.L.

What is the main difference between JMBA.L and JPLG.L?

JMBA.L is categorized as Global Bonds, while JPLG.L is Global Equities. JMBA.L tracks JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc), while JPLG.L tracks MSCI ACWI NR USD. Their fees differ too: 0.39% for JMBA.L and 0.20% for JPLG.L.