JMBE.DE vs. JEGA.DE
JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) and JEGA.DE (JPMorgan Global Equity Premium Income Active UCITS ETF USD (Acc)) are both exchange-traded funds - JMBE.DE is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified Hedge TR EUR, while JEGA.DE is a Derivative Income fund actively managed by JPMorgan. JMBE.DE is passively managed, while JEGA.DE is actively managed. Over the past year, JMBE.DE returned 8.47% vs -0.53% for JEGA.DE. At a 0.06 correlation, their price movements are largely independent. JMBE.DE charges 0.39%/yr vs 0.35%/yr for JEGA.DE.
Performance
JMBE.DE vs. JEGA.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 higher than JEGA.DE's -1.11% 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*
- —
JEGA.DE
- 1D
- 0.15%
- 1M
- 0.17%
- YTD
- -1.11%
- 6M
- -0.42%
- 1Y
- -0.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JMBE.DE vs. JEGA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JMBE.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) | 0.85% | 11.00% | 0.03% | 2.64% |
JEGA.DE JPMorgan Global Equity Premium Income Active UCITS ETF USD (Acc) | -1.11% | -0.34% | 14.24% | -1.96% |
Correlation
The correlation between JMBE.DE and JEGA.DE is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2023 | 0.06 |
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Return for Risk
JMBE.DE vs. JEGA.DE — Risk / Return Rank
JMBE.DE
JEGA.DE
JMBE.DE vs. JEGA.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 JPMorgan Global Equity Premium Income Active UCITS ETF USD (Acc) (JEGA.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 | JEGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.60 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.00 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | -0.06 | +1.85 |
| Martin ratioReturn relative to average drawdown | 7.10 | -0.17 | +7.28 |
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 | JEGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | -0.07 | +1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.42 | -0.28 |
Drawdowns
JMBE.DE vs. JEGA.DE - Drawdown Comparison
The maximum JMBE.DE drawdown since its inception was -28.19%, which is greater than JEGA.DE's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for JMBE.DE and JEGA.DE.
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Drawdown Indicators
| JMBE.DE | JEGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -12.37% | -15.82% |
Max Drawdown (1Y)Largest decline over 1 year | -4.73% | -8.21% | +3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -7.78% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.72% | — | — |
Current DrawdownCurrent decline from peak | -5.72% | -8.66% | +2.94% |
Average DrawdownAverage peak-to-trough decline | -10.41% | -4.37% | -6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 3.06% | -1.87% |
Volatility
JMBE.DE vs. JEGA.DE - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE) is 1.91%, while JPMorgan Global Equity Premium Income Active UCITS ETF USD (Acc) (JEGA.DE) has a volatility of 2.47%. This indicates that JMBE.DE experiences smaller price fluctuations and is considered to be less risky than JEGA.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 | JEGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 2.47% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 5.52% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 7.76% | -2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.54% | 9.69% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.66% | 9.69% | -0.03% |
JMBE.DE vs. JEGA.DE - Expense Ratio Comparison
JMBE.DE has a 0.39% expense ratio, which is higher than JEGA.DE's 0.35% expense ratio.
Dividends
JMBE.DE vs. JEGA.DE - Dividend Comparison
Neither JMBE.DE nor JEGA.DE has paid dividends to shareholders.
Frequently Asked Questions
JMBE.DE and JEGA.DE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEGA.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEGA.DE is cheaper with a 0.35% expense ratio, compared with 0.39% for JMBE.DE.
JMBE.DE is categorized as Emerging Markets Bonds, while JEGA.DE is Derivative Income. Their fees differ too: 0.39% for JMBE.DE and 0.35% for JEGA.DE.
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