JMIEX vs. EWT
JMIEX (JPMorgan Emerging Markets Equity Fund) and EWT (iShares MSCI Taiwan ETF) are both funds - JMIEX is a Emerging Markets Diversified fund managed by JPMorgan, while EWT is a Asia Pacific Equities fund tracking the MSCI Taiwan 25/50 Index. Over the past 10 years, JMIEX returned 12.48%/yr vs 20.43%/yr for EWT. A 0.71 correlation means they provide meaningful diversification when combined. JMIEX charges 0.90%/yr vs 0.59%/yr for EWT.
Performance
JMIEX vs. EWT - Performance Comparison
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Returns By Period
In the year-to-date period, JMIEX achieves a 36.37% return, which is significantly lower than EWT's 65.65% return. Over the past 10 years, JMIEX has underperformed EWT with an annualized return of 12.48%, while EWT has yielded a comparatively higher 20.43% annualized return.
JMIEX
- 1D
- 1.01%
- 1M
- 8.91%
- YTD
- 36.37%
- 6M
- 38.35%
- 1Y
- 68.79%
- 3Y*
- 26.32%
- 5Y*
- 6.88%
- 10Y*
- 12.48%
EWT
- 1D
- -5.64%
- 1M
- 8.67%
- YTD
- 65.65%
- 6M
- 68.38%
- 1Y
- 99.48%
- 3Y*
- 39.48%
- 5Y*
- 19.11%
- 10Y*
- 20.43%
JMIEX vs. EWT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMIEX JPMorgan Emerging Markets Equity Fund | 36.37% | 40.27% | 3.48% | 7.32% | -25.68% | -10.29% | 34.88% | 32.04% | -15.91% | 42.70% |
EWT iShares MSCI Taiwan ETF | 65.65% | 28.38% | 16.11% | 29.00% | -28.90% | 26.18% | 31.50% | 33.36% | -9.90% | 26.81% |
Correlation
The correlation between JMIEX and EWT is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2000 | 0.71 |
The correlation between JMIEX and EWT has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
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Return for Risk
JMIEX vs. EWT — Risk / Return Rank
JMIEX
EWT
JMIEX vs. EWT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Emerging Markets Equity Fund (JMIEX) and iShares MSCI Taiwan ETF (EWT). 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.
| JMIEX | EWT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.58 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 5.55 | 9.52 | -3.97 |
| Martin ratioReturn relative to average drawdown | 21.81 | 27.93 | -6.12 |
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Drawdowns
JMIEX vs. EWT - Drawdown Comparison
The maximum JMIEX drawdown since its inception was -62.02%, roughly equal to the maximum EWT drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for JMIEX and EWT.
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Drawdown Indicators
| JMIEX | EWT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.02% | -64.37% | +2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -10.51% | -2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -15.06% | -25.66% | +10.60% |
Max Drawdown (5Y)Largest decline over 5 years | -44.85% | -38.88% | -5.97% |
Max Drawdown (10Y)Largest decline over 10 years | -49.51% | -38.88% | -10.63% |
Current DrawdownCurrent decline from peak | 0.00% | -5.64% | +5.64% |
Average DrawdownAverage peak-to-trough decline | -20.14% | -19.13% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 3.57% | -0.38% |
Volatility
JMIEX vs. EWT - Volatility Comparison
The current volatility for JPMorgan Emerging Markets Equity Fund (JMIEX) is 11.24%, while iShares MSCI Taiwan ETF (EWT) has a volatility of 14.88%. This indicates that JMIEX experiences smaller price fluctuations and is considered to be less risky than EWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMIEX | EWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.24% | 14.88% | -3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 19.13% | 23.89% | -4.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.83% | 27.85% | -6.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.75% | 23.16% | -3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.67% | 21.80% | -2.13% |
JMIEX vs. EWT - Expense Ratio Comparison
JMIEX has a 0.90% expense ratio, which is higher than EWT's 0.59% expense ratio.
Dividends
JMIEX vs. EWT - Dividend Comparison
JMIEX's dividend yield for the trailing twelve months is around 1.00%, less than EWT's 2.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWT iShares MSCI Taiwan ETF | 2.68% | 4.43% | 3.32% | 12.01% | 18.82% | 0.55% | 1.83% | 2.49% | 3.16% | 2.81% | 2.39% | 3.12% |
JMIEX JPMorgan Emerging Markets Equity Fund | 1.00% | 1.36% | 1.51% | 1.56% | 0.54% | 3.89% | 0.14% | 0.81% | 0.95% | 0.44% | 0.81% | 0.98% |
Frequently Asked Questions
JMIEX and EWT have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWT has higher volatility (14.88%) compared to JMIEX (11.24%). In terms of maximum drawdown, JMIEX dropped -62.02% vs EWT's -64.37%.
EWT currently has the higher Sharpe Ratio (3.59 vs 3.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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