JMBE.DE vs. JPBM.DE
JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) and JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) are both Emerging Markets Bonds funds from JPMorgan - JMBE.DE tracks the JPM EMBI Global Diversified Hedge TR EUR while JPBM.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, JMBE.DE returned -0.88%/yr vs 1.94%/yr for JPBM.DE. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.39% expense ratio.
Performance
JMBE.DE vs. JPBM.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 JPBM.DE's 4.40% 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*
- —
JPBM.DE
- 1D
- -0.08%
- 1M
- 0.64%
- 6M
- 3.84%
- YTD
- 4.40%
- 1Y
- 11.06%
- 3Y*
- 6.59%
- 5Y*
- 1.94%
- 10Y*
- —
JMBE.DE vs. JPBM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 15.07% | 0.07% |
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 4.40% | 0.87% | 7.74% | 5.71% | -10.77% | 5.50% | -4.06% | 21.24% | 0.33% |
Correlation
The correlation between JMBE.DE and JPBM.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 | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2018 | 0.47 |
The correlation between JMBE.DE and JPBM.DE shifts across timeframes, from 0.35 (1 year) to 0.52 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JMBE.DE vs. JPBM.DE — Risk / Return Rank
JMBE.DE
JPBM.DE
JMBE.DE vs. JPBM.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 USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.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 | JPBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 3.59 | -2.07 |
| Martin ratioReturn relative to average drawdown | 6.03 | 10.32 | -4.29 |
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Drawdowns
JMBE.DE vs. JPBM.DE - Drawdown Comparison
The maximum JMBE.DE drawdown since its inception was -28.18%, which is greater than JPBM.DE's maximum drawdown of -25.94%. Use the drawdown chart below to compare losses from any high point for JMBE.DE and JPBM.DE.
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Drawdown Indicators
| JMBE.DE | JPBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.18% | -25.94% | -2.24% |
Max Drawdown (1Y)Largest decline over 1 year | -4.73% | -3.07% | -1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -7.78% | -12.49% | +4.71% |
Max Drawdown (5Y)Largest decline over 5 years | -27.72% | -14.10% | -13.62% |
Current DrawdownCurrent decline from peak | -6.01% | -1.44% | -4.57% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -9.22% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 1.07% | +0.13% |
Volatility
JMBE.DE vs. JPBM.DE - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE) is 1.07%, while JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) has a volatility of 1.67%. This indicates that JMBE.DE experiences smaller price fluctuations and is considered to be less risky than JPBM.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 | JPBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.67% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | 4.03% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.51% | 5.91% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.55% | 8.48% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.60% | 14.85% | -5.25% |
JMBE.DE vs. JPBM.DE - Expense Ratio Comparison
Both JMBE.DE and JPBM.DE have an expense ratio of 0.39%.
Dividends
JMBE.DE vs. JPBM.DE - Dividend Comparison
JMBE.DE has not paid dividends to shareholders, while JPBM.DE's dividend yield for the trailing twelve months is around 5.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 5.80% | 6.24% | 5.67% | 5.42% | 5.58% | 3.96% | 4.40% | 4.40% | 4.04% |
Frequently Asked Questions
JMBE.DE and JPBM.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 JPBM.DE have the same expense ratio: 0.39% per year.
JMBE.DE tracks JPM EMBI Global Diversified Hedge TR EUR, while JPBM.DE tracks JPM EMBI Global Diversified TR USD.
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