JMBE.DE vs. XUEE.DE
JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) and XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) are both Emerging Markets Bonds funds - JMBE.DE tracks the JPM EMBI Global Diversified Hedge TR EUR while XUEE.DE tracks the FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged). Both are passively managed. Over the past 3 years, JMBE.DE returned 5.74%/yr vs 7.16%/yr for XUEE.DE. Their correlation of 0.92 suggests significant overlap in exposure. JMBE.DE charges 0.39%/yr vs 0.40%/yr for XUEE.DE.
Performance
JMBE.DE vs. XUEE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JMBE.DE achieves a 0.85% return, which is significantly lower than XUEE.DE's 1.11% 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*
- —
XUEE.DE
- 1D
- -0.01%
- 1M
- 0.45%
- YTD
- 1.11%
- 6M
- 1.53%
- 1Y
- 8.78%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
JMBE.DE vs. XUEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JMBE.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) | 0.85% | 11.00% | 0.03% | 7.01% | -18.34% | -0.19% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 1.11% | 10.44% | 3.34% | 7.63% | -21.79% | -0.09% |
Correlation
The correlation between JMBE.DE and XUEE.DE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.92 |
The correlation between JMBE.DE and XUEE.DE has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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. XUEE.DE — Risk / Return Rank
JMBE.DE
XUEE.DE
JMBE.DE vs. XUEE.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 Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.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 | XUEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.03 | -0.25 |
| Martin ratioReturn relative to average drawdown | 7.10 | 7.91 | -0.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| JMBE.DE | XUEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 1.71 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | -0.07 | +0.21 |
Drawdowns
JMBE.DE vs. XUEE.DE - Drawdown Comparison
The maximum JMBE.DE drawdown since its inception was -28.19%, smaller than the maximum XUEE.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for JMBE.DE and XUEE.DE.
Loading charts...
Drawdown Indicators
| JMBE.DE | XUEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -30.78% | +2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.73% | -4.31% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -7.78% | -8.57% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -27.72% | — | — |
Current DrawdownCurrent decline from peak | -5.72% | -4.52% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -10.41% | -15.12% | +4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.11% | +0.08% |
Volatility
JMBE.DE vs. XUEE.DE - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE) and Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) have volatilities of 1.91% and 1.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JMBE.DE | XUEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 1.82% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 4.15% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 5.12% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.54% | 9.14% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.66% | 9.14% | +0.52% |
JMBE.DE vs. XUEE.DE - Expense Ratio Comparison
JMBE.DE has a 0.39% expense ratio, which is lower than XUEE.DE's 0.40% expense ratio.
Dividends
JMBE.DE vs. XUEE.DE - Dividend Comparison
JMBE.DE has not paid dividends to shareholders, while XUEE.DE's dividend yield for the trailing twelve months is around 4.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JMBE.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 4.31% | 4.86% | 6.00% | 4.45% | 4.59% |
Frequently Asked Questions
JMBE.DE and XUEE.DE have a correlation of 0.88, 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 0.40% for XUEE.DE.
JMBE.DE tracks JPM EMBI Global Diversified Hedge TR EUR, while XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged). They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.39% for JMBE.DE and 0.40% for XUEE.DE.
Find the right allocation for JMBE.DE and XUEE.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