JMBE.DE vs. JREE.DE

Last updated Jun 5, 2026

JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) and JREE.DE (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) are both exchange-traded funds - JMBE.DE is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified Hedge TR EUR, while JREE.DE is a Europe Equities fund tracking the JP Morgan Europe Research Enhanced Index Equity (ESG). Both are passively managed. Over the past 5 years, JMBE.DE returned -0.64%/yr vs 9.92%/yr for JREE.DE. At a 0.43 correlation, their price movements are largely independent. JMBE.DE charges 0.39%/yr vs 0.25%/yr for JREE.DE.

Performance

JMBE.DE vs. JREE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE) and JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMBE.DE achieves a 0.85% return, which is significantly lower than JREE.DE's 7.37% 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*: —

JREE.DE

• 1D: 0.69%
• 1M: 3.34%
• YTD: 7.37%
• 6M: 9.73%
• 1Y: 16.00%
• 3Y*: 13.05%
• 5Y*: 9.92%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JMBE.DE vs. JREE.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)	0.85%	11.00%	0.03%	7.01%	-18.34%	-3.60%	3.18%	15.07%	-1.11%
JREE.DE JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)	7.37%	20.14%	6.61%	17.08%	-9.48%	25.69%	-1.97%	30.84%	-6.54%

Correlation

The correlation between JMBE.DE and JREE.DE is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.43

The correlation between JMBE.DE and JREE.DE shifts across timeframes, from 0.37 (3 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JMBE.DE vs. JREE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JMBE.DE

JMBE.DE Risk / Return Rank: 44
JMBE.DE Sharpe Ratio Rank: 44
JMBE.DE Sortino Ratio Rank: 48
JMBE.DE Omega Ratio Rank: 45
JMBE.DE Calmar Ratio Rank: 37
JMBE.DE Martin Ratio Rank: 44

JREE.DE

JREE.DE Risk / Return Rank: 35
JREE.DE Sharpe Ratio Rank: 35
JREE.DE Sortino Ratio Rank: 35
JREE.DE Omega Ratio Rank: 36
JREE.DE Calmar Ratio Rank: 32
JREE.DE Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JMBE.DE vs. JREE.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 Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.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	JREE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.22	+0.31
Sortino ratio: Return per unit of downside risk	2.35	1.82	+0.54
Omega ratio: Gain probability vs. loss probability	1.28	1.23	+0.05
Calmar ratio: Return relative to maximum drawdown	1.78	1.60	+0.18
Martin ratio: Return relative to average drawdown	7.10	5.79	+1.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMBE.DE vs. JREE.DE - Sharpe Ratio Comparison

The current JMBE.DE Sharpe Ratio is 1.53, which is comparable to the JREE.DE Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of JMBE.DE and JREE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JMBE.DE	JREE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	1.22	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	0.67	-0.74
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.65	-0.51

Drawdowns

JMBE.DE vs. JREE.DE - Drawdown Comparison

The maximum JMBE.DE drawdown since its inception was -28.19%, smaller than the maximum JREE.DE drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for JMBE.DE and JREE.DE.

Drawdown Indicators

	JMBE.DE	JREE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-28.19%	-35.62%	+7.43%
Max Drawdown (1Y) Largest decline over 1 year	-4.73%	-9.97%	+5.24%
Max Drawdown (3Y) Largest decline over 3 years	-7.78%	-16.63%	+8.85%
Max Drawdown (5Y) Largest decline over 5 years	-27.72%	-19.02%	-8.70%
Current Drawdown Current decline from peak	-5.72%	-1.28%	-4.44%
Average Drawdown Average peak-to-trough decline	-10.41%	-4.59%	-5.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.19%	2.76%	-1.57%

Volatility

JMBE.DE vs. JREE.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 Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.DE) has a volatility of 4.22%. This indicates that JMBE.DE experiences smaller price fluctuations and is considered to be less risky than JREE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMBE.DE	JREE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.91%	4.22%	-2.31%
Volatility (6M) Calculated over the trailing 6-month period	4.57%	10.65%	-6.08%
Volatility (1Y) Calculated over the trailing 1-year period	5.54%	13.05%	-7.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.54%	14.66%	-6.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.66%	16.70%	-7.04%

JMBE.DE vs. JREE.DE - Expense Ratio Comparison

JMBE.DE has a 0.39% expense ratio, which is higher than JREE.DE's 0.25% expense ratio.

Dividends

JMBE.DE vs. JREE.DE - Dividend Comparison

Neither JMBE.DE nor JREE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JMBE.DE and JREE.DE in my portfolio?

JMBE.DE and JREE.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JMBE.DE or JREE.DE?

On fees, JREE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JMBE.DE or JREE.DE?

JREE.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for JMBE.DE.

What is the main difference between JMBE.DE and JREE.DE?

JMBE.DE is categorized as Emerging Markets Bonds, while JREE.DE is Europe Equities. JMBE.DE tracks JPM EMBI Global Diversified Hedge TR EUR, while JREE.DE tracks JP Morgan Europe Research Enhanced Index Equity (ESG). Their fees differ too: 0.39% for JMBE.DE and 0.25% for JREE.DE.