JMBE.DE vs. JMBA.DE
JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) and JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) are both Emerging Markets Bonds funds from JPMorgan - JMBE.DE tracks the JPM EMBI Global Diversified Hedge TR EUR while JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index. Both are passively managed. Over the past 5 years, JMBE.DE returned -0.88%/yr vs 1.93%/yr for JMBA.DE. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.39% expense ratio.
Performance
JMBE.DE vs. JMBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JMBE.DE achieves a 0.54% return, which is significantly lower than JMBA.DE's 4.33% return.
JMBE.DE
- 1D
- 0.02%
- 1M
- -0.85%
- 6M
- 0.94%
- YTD
- 0.54%
- 1Y
- 7.24%
- 3Y*
- 5.10%
- 5Y*
- -0.88%
- 10Y*
- —
JMBA.DE
- 1D
- -0.15%
- 1M
- 0.55%
- 6M
- 3.60%
- YTD
- 4.33%
- 1Y
- 10.91%
- 3Y*
- 6.62%
- 5Y*
- 1.93%
- 10Y*
- —
JMBE.DE vs. JMBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JMBE.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) | 0.54% | 11.00% | 0.03% | 7.02% | -18.34% | -3.60% | 3.18% | 3.19% |
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.33% | 0.84% | 7.77% | 5.79% | -10.80% | 5.58% | -4.14% | -7.72% |
Correlation
The correlation between JMBE.DE and JMBA.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.54 |
The correlation between JMBE.DE and JMBA.DE shifts across timeframes, from 0.35 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JMBE.DE vs. JMBA.DE — Risk / Return Rank
JMBE.DE
JMBA.DE
JMBE.DE vs. JMBA.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 JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.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.
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.
| JMBE.DE | JMBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 3.84 | -2.31 |
| Martin ratioReturn relative to average drawdown | 6.03 | 11.71 | -5.68 |
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Drawdowns
JMBE.DE vs. JMBA.DE - Drawdown Comparison
The maximum JMBE.DE drawdown since its inception was -28.18%, which is greater than JMBA.DE's maximum drawdown of -26.66%. Use the drawdown chart below to compare losses from any high point for JMBE.DE and JMBA.DE.
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Drawdown Indicators
| JMBE.DE | JMBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.18% | -26.66% | -1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -4.73% | -3.14% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -7.78% | -12.45% | +4.67% |
Max Drawdown (5Y)Largest decline over 5 years | -27.72% | -14.09% | -13.63% |
Current DrawdownCurrent decline from peak | -6.01% | -1.40% | -4.61% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -11.27% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 1.03% | +0.17% |
Volatility
JMBE.DE vs. JMBA.DE - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE) is 1.07%, while JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) has a volatility of 1.53%. This indicates that JMBE.DE experiences smaller price fluctuations and is considered to be less risky than JMBA.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 | JMBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.53% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | 4.11% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.51% | 6.05% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.55% | 8.43% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.60% | 10.70% | -1.10% |
JMBE.DE vs. JMBA.DE - Expense Ratio Comparison
Both JMBE.DE and JMBA.DE have an expense ratio of 0.39%.
Dividends
JMBE.DE vs. JMBA.DE - Dividend Comparison
Neither JMBE.DE nor JMBA.DE has paid dividends to shareholders.
Frequently Asked Questions
JMBE.DE and JMBA.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.39% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JMBE.DE and JMBA.DE have the same expense ratio: 0.39% per year.
JMBE.DE tracks JPM EMBI Global Diversified Hedge TR EUR, while JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index.
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