JMBE.DE vs. IS02.DE
JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) and IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds - JMBE.DE tracks the JPM EMBI Global Diversified Hedge TR EUR while IS02.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 5 years, JMBE.DE returned -0.64%/yr vs 2.88%/yr for IS02.DE. A 0.54 correlation means they provide meaningful diversification when combined. JMBE.DE charges 0.39%/yr vs 0.45%/yr for IS02.DE.
Performance
JMBE.DE vs. IS02.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JMBE.DE achieves a 0.85% return, which is significantly lower than IS02.DE's 2.97% return.
JMBE.DE
- 1D
- 0.23%
- 1M
- 0.29%
- YTD
- 0.85%
- 6M
- 0.94%
- 1Y
- 8.57%
- 3Y*
- 5.74%
- 5Y*
- -0.64%
- 10Y*
- —
IS02.DE
- 1D
- 0.11%
- 1M
- 1.39%
- YTD
- 2.97%
- 6M
- 2.43%
- 1Y
- 9.76%
- 3Y*
- 6.78%
- 5Y*
- 2.88%
- 10Y*
- —
JMBE.DE vs. IS02.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JMBE.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) | 0.85% | 11.00% | 0.03% | 7.01% | -18.34% | -3.60% | 5.80% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.97% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | 0.08% |
Correlation
The correlation between JMBE.DE and IS02.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2020 | 0.54 |
The correlation between JMBE.DE and IS02.DE shifts across timeframes, from 0.39 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JMBE.DE vs. IS02.DE — Risk / Return Rank
JMBE.DE
IS02.DE
JMBE.DE vs. IS02.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 iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.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 | IS02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 3.11 | -1.33 |
| Martin ratioReturn relative to average drawdown | 7.10 | 8.98 | -1.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JMBE.DE | IS02.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 1.57 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.33 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.27 | -0.14 |
Drawdowns
JMBE.DE vs. IS02.DE - Drawdown Comparison
The maximum JMBE.DE drawdown since its inception was -28.19%, which is greater than IS02.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for JMBE.DE and IS02.DE.
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Drawdown Indicators
| JMBE.DE | IS02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -16.21% | -11.98% |
Max Drawdown (1Y)Largest decline over 1 year | -4.73% | -3.00% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -7.78% | -12.85% | +5.07% |
Max Drawdown (5Y)Largest decline over 5 years | -27.72% | -16.21% | -11.51% |
Current DrawdownCurrent decline from peak | -5.72% | 0.00% | -5.72% |
Average DrawdownAverage peak-to-trough decline | -10.41% | -5.92% | -4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.04% | +0.15% |
Volatility
JMBE.DE vs. IS02.DE - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE) has a higher volatility of 1.91% compared to iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) at 1.19%. This indicates that JMBE.DE's price experiences larger fluctuations and is considered to be riskier than IS02.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMBE.DE | IS02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 1.19% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 3.97% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 5.94% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.54% | 8.53% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.66% | 8.34% | +1.32% |
JMBE.DE vs. IS02.DE - Expense Ratio Comparison
JMBE.DE has a 0.39% expense ratio, which is lower than IS02.DE's 0.45% expense ratio.
Dividends
JMBE.DE vs. IS02.DE - Dividend Comparison
Neither JMBE.DE nor IS02.DE has paid dividends to shareholders.
Frequently Asked Questions
JMBE.DE and IS02.DE have a correlation of 0.39, 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 IS02.DE.
JMBE.DE tracks JPM EMBI Global Diversified Hedge TR EUR, while IS02.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JMBE.DE and 0.45% for IS02.DE.
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