JMBP.L vs. CNYB.L
JMBP.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist)) and CNYB.L (iShares China CNY Bond UCITS ETF USD (Dist)) are both Emerging Markets Bonds funds - JMBP.L tracks the JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged) while CNYB.L tracks the Bloomberg China Treasury + Policy Bank Index. Both are passively managed. Over the past 5 years, JMBP.L returned 0.61%/yr vs 3.58%/yr for CNYB.L. At a correlation of -0.17, they often move in opposite directions. JMBP.L charges 0.39%/yr vs 0.35%/yr for CNYB.L.
Performance
JMBP.L vs. CNYB.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JMBP.L achieves a 1.61% return, which is significantly lower than CNYB.L's 5.08% return.
JMBP.L
- 1D
- 0.14%
- 1M
- -0.62%
- 6M
- 2.04%
- YTD
- 1.61%
- 1Y
- 9.38%
- 3Y*
- 6.94%
- 5Y*
- 0.61%
- 10Y*
- —
CNYB.L
- 1D
- 0.23%
- 1M
- -0.13%
- 6M
- 4.82%
- YTD
- 5.08%
- 1Y
- 7.11%
- 3Y*
- 4.85%
- 5Y*
- 3.58%
- 10Y*
- —
JMBP.L vs. CNYB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) | 1.61% | 13.12% | 1.60% | 8.38% | -17.58% | -2.86% | 3.67% | 3.36% |
CNYB.L iShares China CNY Bond UCITS ETF USD (Dist) | 5.08% | -2.20% | 6.65% | -4.09% | 6.21% | 9.69% | -19.80% | 1.54% |
Correlation
The correlation between JMBP.L and CNYB.L is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | -0.17 |
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
JMBP.L vs. CNYB.L — Risk / Return Rank
JMBP.L
CNYB.L
JMBP.L vs. CNYB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) and iShares China CNY Bond UCITS ETF USD (Dist) (CNYB.L). 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.
| JMBP.L | CNYB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.21 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.57 | -0.56 |
| Martin ratioReturn relative to average drawdown | 8.56 | 6.13 | +2.43 |
Loading charts...
Drawdowns
JMBP.L vs. CNYB.L - Drawdown Comparison
The maximum JMBP.L drawdown since its inception was -27.19%, which is greater than CNYB.L's maximum drawdown of -25.82%. Use the drawdown chart below to compare losses from any high point for JMBP.L and CNYB.L.
Loading charts...
Drawdown Indicators
| JMBP.L | CNYB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.19% | -25.82% | -1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -2.75% | -1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -7.61% | -9.03% | +1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -26.88% | -15.44% | -11.44% |
Current DrawdownCurrent decline from peak | -0.62% | -7.25% | +6.63% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -12.53% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.16% | -0.10% |
Volatility
JMBP.L vs. CNYB.L - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) is 1.09%, while iShares China CNY Bond UCITS ETF USD (Dist) (CNYB.L) has a volatility of 1.68%. This indicates that JMBP.L experiences smaller price fluctuations and is considered to be less risky than CNYB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JMBP.L | CNYB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.68% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 4.69% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.47% | 6.29% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.49% | 7.66% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.45% | 11.48% | -1.03% |
JMBP.L vs. CNYB.L - Expense Ratio Comparison
JMBP.L has a 0.39% expense ratio, which is higher than CNYB.L's 0.35% expense ratio.
Dividends
JMBP.L vs. CNYB.L - Dividend Comparison
JMBP.L's dividend yield for the trailing twelve months is around 5.83%, more than CNYB.L's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CNYB.L iShares China CNY Bond UCITS ETF USD (Dist) | 1.72% | 1.89% | 2.24% | 2.55% | 2.72% | 2.74% | 2.65% | 0.72% |
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) | 5.83% | 5.61% | 5.83% | 5.24% | 5.16% | 3.70% | 4.42% | 0.00% |
Frequently Asked Questions
JMBP.L and CNYB.L have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNYB.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNYB.L is cheaper with a 0.35% expense ratio, compared with 0.39% for JMBP.L.
JMBP.L tracks JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged), while CNYB.L tracks Bloomberg China Treasury + Policy Bank Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JMBP.L and 0.35% for CNYB.L.
Find the right allocation for JMBP.L and CNYB.L
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