JMBP.L vs. HYGB.L
JMBP.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist)) and HYGB.L (VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc)) are both Emerging Markets Bonds funds - JMBP.L tracks the JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged) while HYGB.L tracks the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. Both are passively managed. Over the past 5 years, JMBP.L returned 0.52%/yr vs 3.29%/yr for HYGB.L. At a correlation of -0.07, they often move in opposite directions. JMBP.L charges 0.39%/yr vs 0.40%/yr for HYGB.L.
Performance
JMBP.L vs. HYGB.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JMBP.L achieves a 1.43% return, which is significantly lower than HYGB.L's 3.73% return.
JMBP.L
- 1D
- -0.10%
- 1M
- -0.65%
- 6M
- 1.55%
- YTD
- 1.43%
- 1Y
- 8.99%
- 3Y*
- 6.95%
- 5Y*
- 0.52%
- 10Y*
- —
HYGB.L
- 1D
- 0.36%
- 1M
- -0.41%
- 6M
- 2.50%
- YTD
- 3.73%
- 1Y
- 7.76%
- 3Y*
- 8.68%
- 5Y*
- 3.29%
- 10Y*
- —
JMBP.L vs. HYGB.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) | 1.43% | 13.12% | 1.60% | 8.38% | -17.58% | -2.86% | 3.67% | 3.36% |
HYGB.L VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) | 3.73% | 1.56% | 13.72% | 1.66% | -2.52% | 0.59% | 1.90% | 0.57% |
Correlation
The correlation between JMBP.L and HYGB.L is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | -0.07 |
The correlation between JMBP.L and HYGB.L shifts across timeframes, from -0.18 (1 year) to -0.07 (all time), 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
JMBP.L vs. HYGB.L — Risk / Return Rank
JMBP.L
HYGB.L
JMBP.L vs. HYGB.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 VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYGB.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 | HYGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.21 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.33 | -0.27 |
| Martin ratioReturn relative to average drawdown | 8.78 | 5.93 | +2.85 |
Loading charts...
Drawdowns
JMBP.L vs. HYGB.L - Drawdown Comparison
The maximum JMBP.L drawdown since its inception was -27.19%, roughly equal to the maximum HYGB.L drawdown of -26.72%. Use the drawdown chart below to compare losses from any high point for JMBP.L and HYGB.L.
Loading charts...
Drawdown Indicators
| JMBP.L | HYGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.19% | -26.72% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -3.31% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -7.61% | -8.96% | +1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -26.88% | -23.02% | -3.86% |
Current DrawdownCurrent decline from peak | -0.79% | -1.93% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -14.28% | +4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.30% | -0.23% |
Volatility
JMBP.L vs. HYGB.L - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) is 1.09%, while VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYGB.L) has a volatility of 1.48%. This indicates that JMBP.L experiences smaller price fluctuations and is considered to be less risky than HYGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JMBP.L | HYGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.48% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 4.96% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.47% | 6.52% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.49% | 18.18% | -9.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 17.40% | -6.96% |
JMBP.L vs. HYGB.L - Expense Ratio Comparison
JMBP.L has a 0.39% expense ratio, which is lower than HYGB.L's 0.40% expense ratio.
Dividends
JMBP.L vs. HYGB.L - Dividend Comparison
JMBP.L's dividend yield for the trailing twelve months is around 5.84%, while HYGB.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
HYGB.L VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) | 5.84% | 5.61% | 5.83% | 5.24% | 5.16% | 3.70% | 4.42% |
Frequently Asked Questions
JMBP.L and HYGB.L have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMBP.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMBP.L is cheaper with a 0.39% expense ratio, compared with 0.40% for HYGB.L.
JMBP.L tracks JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged), while HYGB.L tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. They also come from different issuers: JPMorgan and VanEck. Their fees differ too: 0.39% for JMBP.L and 0.40% for HYGB.L.
Find the right allocation for JMBP.L and HYGB.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