JMBA.L vs. SDIG.L
JMBA.L (JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc)) and SDIG.L (iShares $ Short Duration Corp Bond UCITS ETF USD (Dist)) are both Global Bonds funds - JMBA.L tracks the JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc) while SDIG.L tracks the iShares $ Short Duration Corp Bond UCITS ETF USD (Dist). Both are passively managed. Over the past 5 years, JMBA.L returned 1.31%/yr vs 2.46%/yr for SDIG.L. A 0.52 correlation means they provide meaningful diversification when combined. JMBA.L charges 0.39%/yr vs 0.20%/yr for SDIG.L.
Performance
JMBA.L vs. SDIG.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 higher than SDIG.L's 1.03% 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*
- —
SDIG.L
- 1D
- -0.03%
- 1M
- 0.12%
- 6M
- 0.97%
- YTD
- 1.03%
- 1Y
- 4.01%
- 3Y*
- 5.23%
- 5Y*
- 2.46%
- 10Y*
- 2.51%
JMBA.L vs. SDIG.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% |
SDIG.L iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) | 1.03% | 6.12% | 4.93% | 5.83% | -4.83% | -0.48% | 4.51% | 0.35% |
Correlation
The correlation between JMBA.L and SDIG.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.52 |
The correlation between JMBA.L and SDIG.L has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
JMBA.L vs. SDIG.L — Risk / Return Rank
JMBA.L
SDIG.L
JMBA.L vs. SDIG.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 $ Short Duration Corp Bond UCITS ETF USD (Dist) (SDIG.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 | SDIG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.40 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 3.35 | -1.19 |
| Martin ratioReturn relative to average drawdown | 9.04 | 14.02 | -4.98 |
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Drawdowns
JMBA.L vs. SDIG.L - Drawdown Comparison
The maximum JMBA.L drawdown since its inception was -26.75%, which is greater than SDIG.L's maximum drawdown of -11.39%. Use the drawdown chart below to compare losses from any high point for JMBA.L and SDIG.L.
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Drawdown Indicators
| JMBA.L | SDIG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.75% | -11.39% | -15.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -1.17% | -3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -7.30% | -1.18% | -6.12% |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | -7.59% | -18.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.39% | — |
Current DrawdownCurrent decline from peak | -0.86% | -0.12% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -0.93% | -7.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.28% | +0.77% |
Volatility
JMBA.L vs. SDIG.L - Volatility Comparison
JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc) (JMBA.L) has a higher volatility of 0.76% compared to iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) (SDIG.L) at 0.60%. This indicates that JMBA.L's price experiences larger fluctuations and is considered to be riskier than SDIG.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 | SDIG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.60% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 1.55% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.21% | 1.94% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 2.66% | +5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.54% | 3.75% | +6.79% |
JMBA.L vs. SDIG.L - Expense Ratio Comparison
JMBA.L has a 0.39% expense ratio, which is higher than SDIG.L's 0.20% expense ratio.
Dividends
JMBA.L vs. SDIG.L - Dividend Comparison
JMBA.L has not paid dividends to shareholders, while SDIG.L's dividend yield for the trailing twelve months is around 4.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMBA.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDIG.L iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) | 4.40% | 4.32% | 4.03% | 3.11% | 1.85% | 1.49% | 2.12% | 2.63% | 2.29% | 1.84% | 1.75% | 1.43% |
Frequently Asked Questions
JMBA.L and SDIG.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDIG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDIG.L is cheaper with a 0.20% 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 SDIG.L tracks iShares $ Short Duration Corp Bond UCITS ETF USD (Dist). They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JMBA.L and 0.20% for SDIG.L.
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