JMBE.DE vs. FESD.DE
JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) and FESD.DE (Fidelity Sustainable USD EM Bond UCITS ETF) are both Emerging Markets Bonds funds - JMBE.DE tracks the JPM EMBI Global Diversified Hedge TR EUR while FESD.DE tracks the Fidelity Sustainable USD EM Bond. Both are passively managed. Over the past 5 years, JMBE.DE returned -0.64%/yr vs 1.89%/yr for FESD.DE. At a 0.28 correlation, their price movements are largely independent. JMBE.DE charges 0.39%/yr vs 0.45%/yr for FESD.DE.
Performance
JMBE.DE vs. FESD.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JMBE.DE achieves a 0.85% return, which is significantly lower than FESD.DE's 3.41% return.
JMBE.DE
- 1D
- 0.23%
- 1M
- 0.83%
- YTD
- 0.85%
- 6M
- 1.04%
- 1Y
- 8.47%
- 3Y*
- 5.74%
- 5Y*
- -0.64%
- 10Y*
- —
FESD.DE
- 1D
- -0.09%
- 1M
- 1.35%
- YTD
- 3.41%
- 6M
- 3.08%
- 1Y
- 9.14%
- 3Y*
- 5.13%
- 5Y*
- 1.89%
- 10Y*
- —
JMBE.DE vs. FESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JMBE.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) | 0.85% | 11.00% | 0.03% | 7.01% | -18.34% | 2.04% |
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 3.41% | 0.21% | 8.73% | 4.67% | -13.30% | 6.35% |
Correlation
The correlation between JMBE.DE and FESD.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.28 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JMBE.DE vs. FESD.DE — Risk / Return Rank
JMBE.DE
FESD.DE
JMBE.DE vs. FESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE) and Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE). 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.
| JMBE.DE | FESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.46 | -0.68 |
| Martin ratioReturn relative to average drawdown | 7.10 | 6.56 | +0.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| JMBE.DE | FESD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 1.40 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.22 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.19 | -0.05 |
Drawdowns
JMBE.DE vs. FESD.DE - Drawdown Comparison
The maximum JMBE.DE drawdown since its inception was -28.19%, which is greater than FESD.DE's maximum drawdown of -16.01%. Use the drawdown chart below to compare losses from any high point for JMBE.DE and FESD.DE.
Loading charts...
Drawdown Indicators
| JMBE.DE | FESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -16.01% | -12.18% |
Max Drawdown (1Y)Largest decline over 1 year | -4.73% | -3.71% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -7.78% | -12.34% | +4.56% |
Max Drawdown (5Y)Largest decline over 5 years | -27.72% | -16.01% | -11.71% |
Current DrawdownCurrent decline from peak | -5.72% | -0.59% | -5.13% |
Average DrawdownAverage peak-to-trough decline | -10.41% | -7.16% | -3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.39% | -0.20% |
Volatility
JMBE.DE vs. FESD.DE - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE) is 1.91%, while Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) has a volatility of 2.28%. This indicates that JMBE.DE experiences smaller price fluctuations and is considered to be less risky than FESD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JMBE.DE | FESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 2.28% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 4.57% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 6.51% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.54% | 8.80% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.66% | 8.70% | +0.96% |
JMBE.DE vs. FESD.DE - Expense Ratio Comparison
JMBE.DE has a 0.39% expense ratio, which is lower than FESD.DE's 0.45% expense ratio.
Dividends
JMBE.DE vs. FESD.DE - Dividend Comparison
JMBE.DE has not paid dividends to shareholders, while FESD.DE's dividend yield for the trailing twelve months is around 6.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 6.69% | 5.90% | 5.86% | 5.43% | 4.80% | 2.01% |
JMBE.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JMBE.DE and FESD.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMBE.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMBE.DE is cheaper with a 0.39% expense ratio, compared with 0.45% for FESD.DE.
JMBE.DE tracks JPM EMBI Global Diversified Hedge TR EUR, while FESD.DE tracks Fidelity Sustainable USD EM Bond. They also come from different issuers: JPMorgan and Fidelity. Their fees differ too: 0.39% for JMBE.DE and 0.45% for FESD.DE.
Find the right allocation for JMBE.DE and FESD.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer