JMBP.L vs. JPBM.L
JMBP.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist)) and JPBM.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) are both Emerging Markets Bonds funds from JPMorgan - JMBP.L tracks the JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged) while JPBM.L tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, JMBP.L returned 0.77%/yr vs 3.70%/yr for JPBM.L. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.39% expense ratio.
Performance
JMBP.L vs. JPBM.L - Performance Comparison
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Returns By Period
In the year-to-date period, JMBP.L achieves a 1.62% return, which is significantly lower than JPBM.L's 2.24% return.
JMBP.L
- 1D
- 0.24%
- 1M
- 1.00%
- YTD
- 1.62%
- 6M
- 1.99%
- 1Y
- 10.82%
- 3Y*
- 7.54%
- 5Y*
- 0.77%
- 10Y*
- —
JPBM.L
- 1D
- 0.21%
- 1M
- 2.10%
- YTD
- 2.24%
- 6M
- 1.87%
- 1Y
- 13.22%
- 3Y*
- 6.20%
- 5Y*
- 3.70%
- 10Y*
- —
JMBP.L vs. JPBM.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) | 1.62% | 13.12% | 1.60% | 8.37% | -17.57% | -2.86% | 3.66% | 2.41% |
JPBM.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 2.24% | 6.76% | 4.67% | 4.36% | -5.01% | 0.35% | 3.05% | 2.20% |
Correlation
The correlation between JMBP.L and JPBM.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2019 | 0.45 |
The correlation between JMBP.L and JPBM.L shifts across timeframes, from 0.32 (1 year) to 0.47 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JMBP.L vs. JPBM.L — Risk / Return Rank
JMBP.L
JPBM.L
JMBP.L vs. JPBM.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 JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.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.
| JMBP.L | JPBM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.39 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 3.07 | -0.69 |
| Martin ratioReturn relative to average drawdown | 10.19 | 9.23 | +0.96 |
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
| JMBP.L | JPBM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 2.14 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.43 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.46 | -0.35 |
Drawdowns
JMBP.L vs. JPBM.L - Drawdown Comparison
The maximum JMBP.L drawdown since its inception was -27.19%, which is greater than JPBM.L's maximum drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for JMBP.L and JPBM.L.
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Drawdown Indicators
| JMBP.L | JPBM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.19% | -19.74% | -7.45% |
Max Drawdown (1Y)Largest decline over 1 year | -4.52% | -4.28% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -7.61% | -8.37% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -26.88% | -13.03% | -13.85% |
Current DrawdownCurrent decline from peak | -0.08% | 0.00% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -9.99% | -4.69% | -5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.43% | -0.37% |
Volatility
JMBP.L vs. JPBM.L - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) has a higher volatility of 1.96% compared to JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.L) at 1.62%. This indicates that JMBP.L's price experiences larger fluctuations and is considered to be riskier than JPBM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMBP.L | JPBM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.62% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.53% | 4.50% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.44% | 6.15% | -0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.49% | 8.67% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.58% | 10.21% | +0.37% |
JMBP.L vs. JPBM.L - Expense Ratio Comparison
Both JMBP.L and JPBM.L have an expense ratio of 0.39%.
Dividends
JMBP.L vs. JPBM.L - Dividend Comparison
JMBP.L's dividend yield for the trailing twelve months is around 5.75%, less than JPBM.L's 6.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) | 5.75% | 5.61% | 5.83% | 5.24% | 5.16% | 3.70% | 4.42% | 0.00% | 0.00% |
JPBM.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 6.86% | 7.14% | 6.80% | 6.27% | 6.59% | 5.57% | 5.57% | 5.84% | 5.28% |
Frequently Asked Questions
JMBP.L and JPBM.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.39% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JMBP.L and JPBM.L have the same expense ratio: 0.39% per year.
JMBP.L tracks JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged), while JPBM.L tracks JPM EMBI Global Diversified TR USD.
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