JMBE.DE vs. XUEM.DE
JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) and XUEM.DE (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) are both Emerging Markets Bonds funds - JMBE.DE tracks the JPM EMBI Global Diversified Hedge TR EUR while XUEM.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, JMBE.DE returned -0.64%/yr vs 2.28%/yr for XUEM.DE. A 0.54 correlation means they provide meaningful diversification when combined. JMBE.DE charges 0.39%/yr vs 0.25%/yr for XUEM.DE.
Performance
JMBE.DE vs. XUEM.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 XUEM.DE's 3.29% 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*
- —
XUEM.DE
- 1D
- -0.07%
- 1M
- 1.53%
- YTD
- 3.29%
- 6M
- 3.01%
- 1Y
- 9.59%
- 3Y*
- 6.62%
- 5Y*
- 2.28%
- 10Y*
- —
JMBE.DE vs. XUEM.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% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 3.29% | 0.43% | 11.58% | 6.72% | -14.47% | 4.14% | -6.64% | 17.85% | 1.10% |
Correlation
The correlation between JMBE.DE and XUEM.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.54 |
Over the past year, the correlation between JMBE.DE and XUEM.DE has dropped to 0.29 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
JMBE.DE vs. XUEM.DE — Risk / Return Rank
JMBE.DE
XUEM.DE
JMBE.DE vs. XUEM.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 USD Emerging Markets Bond UCITS ETF 2D (XUEM.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 | XUEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 3.52 | -1.74 |
| Martin ratioReturn relative to average drawdown | 7.10 | 10.09 | -2.99 |
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 | XUEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 1.64 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.26 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.28 | -0.14 |
Drawdowns
JMBE.DE vs. XUEM.DE - Drawdown Comparison
The maximum JMBE.DE drawdown since its inception was -28.19%, which is greater than XUEM.DE's maximum drawdown of -26.83%. Use the drawdown chart below to compare losses from any high point for JMBE.DE and XUEM.DE.
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Drawdown Indicators
| JMBE.DE | XUEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -26.83% | -1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.73% | -2.72% | -2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -7.78% | -13.45% | +5.67% |
Max Drawdown (5Y)Largest decline over 5 years | -27.72% | -17.85% | -9.87% |
Current DrawdownCurrent decline from peak | -5.72% | -2.82% | -2.90% |
Average DrawdownAverage peak-to-trough decline | -10.41% | -10.35% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 0.95% | +0.24% |
Volatility
JMBE.DE vs. XUEM.DE - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE) has a higher volatility of 1.91% compared to Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) at 1.06%. This indicates that JMBE.DE's price experiences larger fluctuations and is considered to be riskier than XUEM.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 | XUEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 1.06% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 3.83% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 5.81% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.54% | 8.74% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.66% | 10.44% | -0.78% |
JMBE.DE vs. XUEM.DE - Expense Ratio Comparison
JMBE.DE has a 0.39% expense ratio, which is higher than XUEM.DE's 0.25% expense ratio.
Dividends
JMBE.DE vs. XUEM.DE - Dividend Comparison
JMBE.DE has not paid dividends to shareholders, while XUEM.DE's dividend yield for the trailing twelve months is around 4.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 4.46% | 4.97% | 6.06% | 5.00% | 5.62% | 6.82% | 4.07% | 0.54% |
Frequently Asked Questions
JMBE.DE and XUEM.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEM.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for JMBE.DE.
JMBE.DE tracks JPM EMBI Global Diversified Hedge TR EUR, while XUEM.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.39% for JMBE.DE and 0.25% for XUEM.DE.
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