JMBE.DE vs. SNAZ.DE
JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) and SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) are both Emerging Markets Bonds funds - JMBE.DE tracks the JPM EMBI Global Diversified Hedge TR EUR while SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). Both are passively managed. Over the past 5 years, JMBE.DE returned -0.88%/yr vs -0.19%/yr for SNAZ.DE. A 0.65 correlation means they provide meaningful diversification when combined. JMBE.DE charges 0.39%/yr vs 0.53%/yr for SNAZ.DE.
Performance
JMBE.DE vs. SNAZ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JMBE.DE achieves a 0.54% return, which is significantly lower than SNAZ.DE's 0.59% 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*
- —
SNAZ.DE
- 1D
- 0.20%
- 1M
- 0.00%
- 6M
- 0.39%
- YTD
- 0.59%
- 1Y
- 3.85%
- 3Y*
- 4.86%
- 5Y*
- -0.19%
- 10Y*
- —
JMBE.DE vs. SNAZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | 3.22% |
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.59% | 6.26% | 4.36% | 5.28% | -14.17% | -1.55% | 5.52% |
Correlation
The correlation between JMBE.DE and SNAZ.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.65 |
The correlation between JMBE.DE and SNAZ.DE shifts across timeframes, from 0.58 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JMBE.DE vs. SNAZ.DE — Risk / Return Rank
JMBE.DE
SNAZ.DE
JMBE.DE vs. SNAZ.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 iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.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 | SNAZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.32 | +0.20 |
| Martin ratioReturn relative to average drawdown | 6.03 | 4.83 | +1.21 |
Loading charts...
Drawdowns
JMBE.DE vs. SNAZ.DE - Drawdown Comparison
The maximum JMBE.DE drawdown since its inception was -28.18%, which is greater than SNAZ.DE's maximum drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for JMBE.DE and SNAZ.DE.
Loading charts...
Drawdown Indicators
| JMBE.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.18% | -21.88% | -6.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.73% | -2.91% | -1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -7.78% | -3.82% | -3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -27.72% | -21.88% | -5.84% |
Current DrawdownCurrent decline from peak | -6.01% | -1.73% | -4.28% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -7.61% | -2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 0.80% | +0.40% |
Volatility
JMBE.DE vs. SNAZ.DE - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE) has a higher volatility of 1.07% compared to iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) at 0.98%. This indicates that JMBE.DE's price experiences larger fluctuations and is considered to be riskier than SNAZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JMBE.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.98% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | 2.77% | +1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.51% | 3.40% | +2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.55% | 5.06% | +3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.60% | 7.63% | +1.97% |
JMBE.DE vs. SNAZ.DE - Expense Ratio Comparison
JMBE.DE has a 0.39% expense ratio, which is lower than SNAZ.DE's 0.53% expense ratio.
Dividends
JMBE.DE vs. SNAZ.DE - Dividend Comparison
Neither JMBE.DE nor SNAZ.DE has paid dividends to shareholders.
Frequently Asked Questions
JMBE.DE and SNAZ.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMBE.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMBE.DE is cheaper with a 0.39% expense ratio, compared with 0.53% for SNAZ.DE.
JMBE.DE tracks JPM EMBI Global Diversified Hedge TR EUR, while SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JMBE.DE and 0.53% for SNAZ.DE.
Find the right allocation for JMBE.DE and SNAZ.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer