JMBP.L vs. JPLG.L

Last updated Jun 5, 2026

JMBP.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist)) and JPLG.L (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) are both exchange-traded funds - JMBP.L is a Emerging Markets Bonds fund tracking the JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged), while JPLG.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, JMBP.L returned 0.77%/yr vs 10.40%/yr for JPLG.L. At a 0.37 correlation, their price movements are largely independent. JMBP.L charges 0.39%/yr vs 0.20%/yr for JPLG.L.

Performance

JMBP.L vs. JPLG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) and JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JMBP.L is traded in GBP, while JPLG.L is traded in GBp. To make them comparable, the JPLG.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, JMBP.L achieves a 1.62% return, which is significantly lower than JPLG.L's 10.77% 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*: —

JPLG.L

• 1D: 0.01%
• 1M: 3.40%
• YTD: 10.77%
• 6M: 11.42%
• 1Y: 22.95%
• 3Y*: 13.72%
• 5Y*: 10.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JMBP.L vs. JPLG.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%
JPLG.L JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating	10.77%	10.11%	12.09%	7.05%	0.72%	24.67%	2.57%	2.04%

Correlation

The correlation between JMBP.L and JPLG.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Dec 11, 2019	0.37

Return for Risk

JMBP.L vs. JPLG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JMBP.L

JMBP.L Risk / Return Rank: 60
JMBP.L Sharpe Ratio Rank: 59
JMBP.L Sortino Ratio Rank: 69
JMBP.L Omega Ratio Rank: 67
JMBP.L Calmar Ratio Rank: 49
JMBP.L Martin Ratio Rank: 59

JPLG.L

JPLG.L Risk / Return Rank: 84
JPLG.L Sharpe Ratio Rank: 88
JPLG.L Sortino Ratio Rank: 88
JPLG.L Omega Ratio Rank: 86
JPLG.L Calmar Ratio Rank: 80
JPLG.L Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JMBP.L vs. JPLG.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 Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.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	JPLG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.99	2.90	-0.91
Sortino ratio: Return per unit of downside risk	3.08	3.98	-0.89
Omega ratio: Gain probability vs. loss probability	1.39	1.52	-0.13
Calmar ratio: Return relative to maximum drawdown	2.38	4.09	-1.71
Martin ratio: Return relative to average drawdown	10.19	15.27	-5.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMBP.L vs. JPLG.L - Sharpe Ratio Comparison

The current JMBP.L Sharpe Ratio is 1.99, which is lower than the JPLG.L Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of JMBP.L and JPLG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JMBP.L	JPLG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	2.90	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.95	-0.86
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.69	-0.59

Drawdowns

JMBP.L vs. JPLG.L - Drawdown Comparison

The maximum JMBP.L drawdown since its inception was -27.19%, roughly equal to the maximum JPLG.L drawdown of -27.53%. Use the drawdown chart below to compare losses from any high point for JMBP.L and JPLG.L.

Drawdown Indicators

	JMBP.L	JPLG.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.19%	-27.53%	+0.34%
Max Drawdown (1Y) Largest decline over 1 year	-4.52%	-5.59%	+1.07%
Max Drawdown (3Y) Largest decline over 3 years	-7.61%	-13.65%	+6.04%
Max Drawdown (5Y) Largest decline over 5 years	-26.88%	-13.65%	-13.23%
Current Drawdown Current decline from peak	-0.08%	0.00%	-0.08%
Average Drawdown Average peak-to-trough decline	-9.99%	-3.30%	-6.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	1.50%	-0.44%

Volatility

JMBP.L vs. JPLG.L - Volatility Comparison

JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) and JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L) have volatilities of 1.96% and 1.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMBP.L	JPLG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.96%	1.96%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	4.53%	5.88%	-1.35%
Volatility (1Y) Calculated over the trailing 1-year period	5.44%	7.87%	-2.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.49%	10.90%	-2.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.58%	13.75%	-3.17%

JMBP.L vs. JPLG.L - Expense Ratio Comparison

JMBP.L has a 0.39% expense ratio, which is higher than JPLG.L's 0.20% expense ratio.

Dividends

JMBP.L vs. JPLG.L - Dividend Comparison

JMBP.L's dividend yield for the trailing twelve months is around 5.75%, while JPLG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
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%
JPLG.L JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JMBP.L and JPLG.L in my portfolio?

JMBP.L and JPLG.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JMBP.L or JPLG.L?

On fees, JPLG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JMBP.L or JPLG.L?

JPLG.L is cheaper with a 0.20% expense ratio, compared with 0.39% for JMBP.L.

What is the main difference between JMBP.L and JPLG.L?

JMBP.L is categorized as Emerging Markets Bonds, while JPLG.L is Global Equities. JMBP.L tracks JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged), while JPLG.L tracks MSCI ACWI NR USD. Their fees differ too: 0.39% for JMBP.L and 0.20% for JPLG.L.