JMBE.DE vs. ZPR6.DE
JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) and ZPR6.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - JMBE.DE tracks the JPM EMBI Global Diversified Hedge TR EUR while ZPR6.DE tracks the ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). Both are passively managed. Over the past 5 years, JMBE.DE returned -0.64%/yr vs 0.23%/yr for ZPR6.DE. A 0.76 correlation means they provide meaningful diversification when combined. JMBE.DE charges 0.39%/yr vs 0.47%/yr for ZPR6.DE.
Performance
JMBE.DE vs. ZPR6.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JMBE.DE achieves a 0.85% return, which is significantly higher than ZPR6.DE's 0.15% 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*
- —
ZPR6.DE
- 1D
- 0.04%
- 1M
- -0.09%
- YTD
- 0.15%
- 6M
- 0.47%
- 1Y
- 3.13%
- 3Y*
- 4.05%
- 5Y*
- 0.23%
- 10Y*
- —
JMBE.DE vs. ZPR6.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% | 5.47% |
ZPR6.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc | 0.15% | 5.62% | 3.09% | 3.99% | -9.09% | -1.17% | 0.69% | -0.12% |
Correlation
The correlation between JMBE.DE and ZPR6.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2019 | 0.76 |
The correlation between JMBE.DE and ZPR6.DE has been stable across timeframes, ranging from 0.74 to 0.80 - 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. ZPR6.DE — Risk / Return Rank
JMBE.DE
ZPR6.DE
JMBE.DE vs. ZPR6.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 SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.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 | ZPR6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.74 | +0.04 |
| Martin ratioReturn relative to average drawdown | 7.10 | 7.22 | -0.11 |
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 | ZPR6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 1.26 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.05 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.07 | +0.07 |
Drawdowns
JMBE.DE vs. ZPR6.DE - Drawdown Comparison
The maximum JMBE.DE drawdown since its inception was -28.19%, which is greater than ZPR6.DE's maximum drawdown of -13.50%. Use the drawdown chart below to compare losses from any high point for JMBE.DE and ZPR6.DE.
Loading charts...
Drawdown Indicators
| JMBE.DE | ZPR6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -13.50% | -14.69% |
Max Drawdown (1Y)Largest decline over 1 year | -4.73% | -1.80% | -2.93% |
Max Drawdown (3Y)Largest decline over 3 years | -7.78% | -1.80% | -5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -27.72% | -13.50% | -14.22% |
Current DrawdownCurrent decline from peak | -5.72% | -0.37% | -5.35% |
Average DrawdownAverage peak-to-trough decline | -10.41% | -4.62% | -5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 0.43% | +0.76% |
Volatility
JMBE.DE vs. ZPR6.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 SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.DE) at 0.61%. This indicates that JMBE.DE's price experiences larger fluctuations and is considered to be riskier than ZPR6.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JMBE.DE | ZPR6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 0.61% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 2.11% | +2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 2.48% | +3.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.54% | 4.41% | +4.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.66% | 5.13% | +4.53% |
JMBE.DE vs. ZPR6.DE - Expense Ratio Comparison
JMBE.DE has a 0.39% expense ratio, which is lower than ZPR6.DE's 0.47% expense ratio.
Dividends
JMBE.DE vs. ZPR6.DE - Dividend Comparison
Neither JMBE.DE nor ZPR6.DE has paid dividends to shareholders.
Frequently Asked Questions
JMBE.DE and ZPR6.DE have a correlation of 0.74, 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 0.47% for ZPR6.DE.
JMBE.DE tracks JPM EMBI Global Diversified Hedge TR EUR, while ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.39% for JMBE.DE and 0.47% for ZPR6.DE.
Find the right allocation for JMBE.DE and ZPR6.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