JMBE.DE vs. JRUD.DE
JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) and JRUD.DE (JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)) are both exchange-traded funds - JMBE.DE is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified Hedge TR EUR, while JRUD.DE is a Large Cap Blend Equities fund tracking the JP Morgan US Research Enhanced Index Equity (ESG). Both are passively managed. Over the past 5 years, JMBE.DE returned -0.64%/yr vs 14.63%/yr for JRUD.DE. At a 0.37 correlation, their price movements are largely independent. JMBE.DE charges 0.39%/yr vs 0.20%/yr for JRUD.DE.
Performance
JMBE.DE vs. JRUD.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 JRUD.DE's 10.50% 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*
- —
JRUD.DE
- 1D
- -0.13%
- 1M
- 4.62%
- YTD
- 10.50%
- 6M
- 10.77%
- 1Y
- 24.44%
- 3Y*
- 18.26%
- 5Y*
- 14.63%
- 10Y*
- —
JMBE.DE vs. JRUD.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) | 0.85% | 11.00% | 0.03% | 7.01% | -18.34% | -3.60% | 3.18% | 0.32% |
JRUD.DE JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) | 10.50% | 3.71% | 32.10% | 23.94% | -14.78% | 42.20% | 8.45% | -0.59% |
Correlation
The correlation between JMBE.DE and JRUD.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 | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2019 | 0.37 |
The correlation between JMBE.DE and JRUD.DE shifts across timeframes, from 0.23 (3 years) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JMBE.DE vs. JRUD.DE — Risk / Return Rank
JMBE.DE
JRUD.DE
JMBE.DE vs. JRUD.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 US Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRUD.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 | JRUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.40 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 3.55 | -1.76 |
| Martin ratioReturn relative to average drawdown | 7.10 | 13.27 | -6.16 |
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 | JRUD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 2.14 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.94 | -1.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.83 | -0.69 |
Drawdowns
JMBE.DE vs. JRUD.DE - Drawdown Comparison
The maximum JMBE.DE drawdown since its inception was -28.19%, smaller than the maximum JRUD.DE drawdown of -34.16%. Use the drawdown chart below to compare losses from any high point for JMBE.DE and JRUD.DE.
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Drawdown Indicators
| JMBE.DE | JRUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -34.16% | +5.97% |
Max Drawdown (1Y)Largest decline over 1 year | -4.73% | -6.86% | +2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -7.78% | -23.42% | +15.64% |
Max Drawdown (5Y)Largest decline over 5 years | -27.72% | -23.42% | -4.30% |
Current DrawdownCurrent decline from peak | -5.72% | -0.48% | -5.24% |
Average DrawdownAverage peak-to-trough decline | -10.41% | -4.95% | -5.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.84% | -0.65% |
Volatility
JMBE.DE vs. JRUD.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 US Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRUD.DE) has a volatility of 2.56%. This indicates that JMBE.DE experiences smaller price fluctuations and is considered to be less risky than JRUD.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 | JRUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 2.56% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 7.41% | -2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 11.40% | -5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.54% | 15.31% | -6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.66% | 17.76% | -8.10% |
JMBE.DE vs. JRUD.DE - Expense Ratio Comparison
JMBE.DE has a 0.39% expense ratio, which is higher than JRUD.DE's 0.20% expense ratio.
Dividends
JMBE.DE vs. JRUD.DE - Dividend Comparison
JMBE.DE has not paid dividends to shareholders, while JRUD.DE's dividend yield for the trailing twelve months is around 0.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
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% |
JRUD.DE JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) | 0.58% | 0.57% | 0.44% | 0.78% | 0.88% | 0.65% |
Frequently Asked Questions
JMBE.DE and JRUD.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.
On fees, JRUD.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRUD.DE is cheaper with a 0.20% expense ratio, compared with 0.39% for JMBE.DE.
JMBE.DE is categorized as Emerging Markets Bonds, while JRUD.DE is Large Cap Blend Equities. JMBE.DE tracks JPM EMBI Global Diversified Hedge TR EUR, while JRUD.DE tracks JP Morgan US Research Enhanced Index Equity (ESG). Their fees differ too: 0.39% for JMBE.DE and 0.20% for JRUD.DE.
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