JMBP.L vs. SEMB.L
JMBP.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist)) and SEMB.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds - JMBP.L tracks the JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged) while SEMB.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 4.65%/yr for SEMB.L. At a 0.45 correlation, their price movements are largely independent. JMBP.L charges 0.39%/yr vs 0.45%/yr for SEMB.L.
Performance
JMBP.L vs. SEMB.L - Performance Comparison
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Different Trading Currencies
JMBP.L is traded in GBP, while SEMB.L is traded in GBp. To make them comparable, the SEMB.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 SEMB.L's 2.75% 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*
- —
SEMB.L
- 1D
- 0.37%
- 1M
- 2.16%
- YTD
- 2.75%
- 6M
- 2.73%
- 1Y
- 14.74%
- 3Y*
- 8.83%
- 5Y*
- 4.65%
- 10Y*
- 5.65%
JMBP.L vs. SEMB.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% |
SEMB.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 2.75% | 8.06% | 9.19% | 6.03% | -7.53% | 0.41% | 3.12% | 2.15% |
Correlation
The correlation between JMBP.L and SEMB.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2019 | 0.45 |
The correlation between JMBP.L and SEMB.L shifts across timeframes, from 0.31 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JMBP.L vs. SEMB.L — Risk / Return Rank
JMBP.L
SEMB.L
JMBP.L vs. SEMB.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 J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.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 | SEMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.44 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 3.98 | -1.60 |
| Martin ratioReturn relative to average drawdown | 10.19 | 12.19 | -2.00 |
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 | SEMB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 2.46 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.53 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.82 | -0.71 |
Drawdowns
JMBP.L vs. SEMB.L - Drawdown Comparison
The maximum JMBP.L drawdown since its inception was -27.19%, which is greater than SEMB.L's maximum drawdown of -21.74%. Use the drawdown chart below to compare losses from any high point for JMBP.L and SEMB.L.
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Drawdown Indicators
| JMBP.L | SEMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.19% | -21.74% | -5.45% |
Max Drawdown (1Y)Largest decline over 1 year | -4.52% | -3.69% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -7.61% | -8.69% | +1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -26.88% | -13.70% | -13.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.43% | — |
Current DrawdownCurrent decline from peak | -0.08% | 0.00% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -9.99% | -4.52% | -5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.21% | -0.15% |
Volatility
JMBP.L vs. SEMB.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 iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.L) at 1.77%. This indicates that JMBP.L's price experiences larger fluctuations and is considered to be riskier than SEMB.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 | SEMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.77% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 4.53% | 4.41% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.44% | 5.96% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.49% | 8.76% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.58% | 10.67% | -0.09% |
JMBP.L vs. SEMB.L - Expense Ratio Comparison
JMBP.L has a 0.39% expense ratio, which is lower than SEMB.L's 0.45% expense ratio.
Dividends
JMBP.L vs. SEMB.L - Dividend Comparison
JMBP.L's dividend yield for the trailing twelve months is around 5.75%, less than SEMB.L's 7.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
SEMB.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 7.83% | 7.87% | 7.27% | 7.21% | 6.70% | 5.35% | 5.28% | 6.25% | 6.15% | 6.48% | 6.88% | 7.10% |
Frequently Asked Questions
JMBP.L and SEMB.L have a correlation of 0.31, 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 0.45% for SEMB.L.
JMBP.L tracks JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged), while SEMB.L tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JMBP.L and 0.45% for SEMB.L.
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