JMIEX vs. GLLSX

Last updated Jun 24, 2026

JMIEX (JPMorgan Emerging Markets Equity Fund) and GLLSX (abrdn Emerging Markets ex-China Fund) are both Emerging Markets Diversified funds. Over the past 10 years, JMIEX returned 12.48%/yr vs 15.51%/yr for GLLSX. Their correlation of 0.83 suggests significant overlap in exposure. JMIEX charges 0.90%/yr vs 1.23%/yr for GLLSX.

Performance

JMIEX vs. GLLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Emerging Markets Equity Fund (JMIEX) and abrdn Emerging Markets ex-China Fund (GLLSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMIEX achieves a 36.37% return, which is significantly lower than GLLSX's 49.19% return. Over the past 10 years, JMIEX has underperformed GLLSX with an annualized return of 12.48%, while GLLSX has yielded a comparatively higher 15.51% 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%

GLLSX

• 1D: 0.71%
• 1M: 10.25%
• YTD: 49.19%
• 6M: 51.55%
• 1Y: 86.84%
• 3Y*: 29.67%
• 5Y*: 18.47%
• 10Y*: 15.51%

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

JMIEX vs. GLLSX - 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%
GLLSX abrdn Emerging Markets ex-China Fund	49.19%	34.81%	0.73%	21.35%	-23.04%	36.50%	15.93%	23.64%	-11.50%	23.06%

Correlation

The correlation between JMIEX and GLLSX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.83

The correlation between JMIEX and GLLSX has been stable across timeframes, ranging from 0.83 to 0.93 - a consistent structural relationship.

Return for Risk

JMIEX vs. GLLSX — Risk / Return Rank

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

JMIEX

JMIEX Risk / Return Rank: 92
JMIEX Sharpe Ratio Rank: 96
JMIEX Sortino Ratio Rank: 86
JMIEX Omega Ratio Rank: 88
JMIEX Calmar Ratio Rank: 95
JMIEX Martin Ratio Rank: 96

GLLSX

GLLSX Risk / Return Rank: 95
GLLSX Sharpe Ratio Rank: 98
GLLSX Sortino Ratio Rank: 90
GLLSX Omega Ratio Rank: 92
GLLSX Calmar Ratio Rank: 96
GLLSX Martin Ratio Rank: 96

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.

JMIEX vs. GLLSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Emerging Markets Equity Fund (JMIEX) and abrdn Emerging Markets ex-China Fund (GLLSX). 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	GLLSX	Difference
Sharpe ratio: Return per unit of total volatility	3.20	3.58	-0.39
Sortino ratio: Return per unit of downside risk	3.78	4.06	-0.28
Omega ratio: Gain probability vs. loss probability	1.58	1.66	-0.08
Calmar ratio: Return relative to maximum drawdown	5.55	6.08	-0.53
Martin ratio: Return relative to average drawdown	21.81	22.81	-1.00

JMIEX vs. GLLSX - Sharpe Ratio Comparison

The current JMIEX Sharpe Ratio is 3.20, which is comparable to the GLLSX Sharpe Ratio of 3.58. The chart below compares the historical Sharpe Ratios of JMIEX and GLLSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JMIEX vs. GLLSX - Drawdown Comparison

The maximum JMIEX drawdown since its inception was -62.02%, which is greater than GLLSX's maximum drawdown of -32.59%. Use the drawdown chart below to compare losses from any high point for JMIEX and GLLSX.

Drawdown Indicators

	JMIEX	GLLSX	Difference
Max Drawdown Largest peak-to-trough decline	-62.02%	-32.59%	-29.43%
Max Drawdown (1Y) Largest decline over 1 year	-12.56%	-14.39%	+1.83%
Max Drawdown (3Y) Largest decline over 3 years	-15.06%	-20.95%	+5.89%
Max Drawdown (5Y) Largest decline over 5 years	-44.85%	-30.02%	-14.83%
Max Drawdown (10Y) Largest decline over 10 years	-49.51%	-32.59%	-16.92%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-20.14%	-7.91%	-12.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	3.83%	-0.64%

Volatility

JMIEX vs. GLLSX - Volatility Comparison

The current volatility for JPMorgan Emerging Markets Equity Fund (JMIEX) is 11.24%, while abrdn Emerging Markets ex-China Fund (GLLSX) has a volatility of 13.51%. This indicates that JMIEX experiences smaller price fluctuations and is considered to be less risky than GLLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMIEX	GLLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.24%	13.51%	-2.27%
Volatility (6M) Calculated over the trailing 6-month period	19.13%	22.41%	-3.28%
Volatility (1Y) Calculated over the trailing 1-year period	21.83%	24.46%	-2.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.75%	18.85%	+0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.67%	18.17%	+1.50%

JMIEX vs. GLLSX - Expense Ratio Comparison

JMIEX has a 0.90% expense ratio, which is lower than GLLSX's 1.23% expense ratio.

Dividends

JMIEX vs. GLLSX - Dividend Comparison

JMIEX's dividend yield for the trailing twelve months is around 1.00%, less than GLLSX's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLLSX abrdn Emerging Markets ex-China Fund	1.26%	1.88%	0.74%	0.77%	29.32%	22.85%	0.00%	3.38%	9.47%	8.40%	1.09%	0.94%
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

Can I hold both JMIEX and GLLSX in my portfolio?

With a correlation of 0.93, JMIEX and GLLSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JMIEX or GLLSX?

GLLSX has higher volatility (13.51%) compared to JMIEX (11.24%). In terms of maximum drawdown, JMIEX dropped -62.02% vs GLLSX's -32.59%.

Which has better risk-adjusted returns?

GLLSX currently has the higher Sharpe Ratio (3.58 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.