JMKIX vs. EMB
JMKIX (John Hancock Funds Emerging Markets Debt Fund) and EMB (iShares J.P. Morgan USD Emerging Markets Bond ETF) are both Emerging Markets Bonds funds. Over the past 10 years, JMKIX returned 3.40%/yr vs 2.84%/yr for EMB. Their 0.66 correlation means they have sometimes moved together and sometimes differently. JMKIX charges 0.87%/yr vs 0.39%/yr for EMB.
Performance
JMKIX vs. EMB - Performance Comparison
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Returns By Period
In the year-to-date period, JMKIX achieves a 1.84% return, which is significantly higher than EMB's 1.44% return. Over the past 10 years, JMKIX has outperformed EMB with an annualized return of 3.40%, while EMB has yielded a comparatively lower 2.84% annualized return.
JMKIX
- 1D
- -0.12%
- 1M
- -1.58%
- 6M
- 0.99%
- YTD
- 1.84%
- 1Y
- 7.74%
- 3Y*
- 8.27%
- 5Y*
- 1.96%
- 10Y*
- 3.40%
- ALL TIME*
- 4.56%
EMB
- 1D
- 0.53%
- 1M
- -1.08%
- 6M
- 1.15%
- YTD
- 1.44%
- 1Y
- 7.53%
- 3Y*
- 8.73%
- 5Y*
- 1.55%
- 10Y*
- 2.84%
- ALL TIME*
- 4.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $587.25M | $554.34M | $591.84M | |
| $0.00 | $0.00 | $0.00 |
JMKIX vs. EMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMKIX John Hancock Funds Emerging Markets Debt Fund | 1.84% | 12.17% | 6.13% | 10.15% | -15.69% | -2.53% | 5.09% | 14.51% | -5.80% | 13.40% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 1.44% | 13.85% | 5.54% | 10.62% | -18.63% | -2.23% | 5.42% | 15.48% | -5.47% | 10.28% |
Correlation
The correlation between JMKIX and EMB is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2010 | 0.66 |
The correlation between JMKIX and EMB has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.
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Return for Risk
JMKIX vs. EMB — Risk / Return Rank
JMKIX
EMB
JMKIX vs. EMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Emerging Markets Debt Fund (JMKIX) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). 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.
| JMKIX | EMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.25 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.68 | +0.23 |
| Martin ratioReturn relative to average drawdown | 8.15 | 6.82 | +1.33 |
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Drawdowns
JMKIX vs. EMB - Drawdown Comparison
The maximum JMKIX drawdown since its inception was -27.36%, smaller than the maximum EMB drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for JMKIX and EMB.
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Drawdown Indicators
| JMKIX | EMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.36% | -34.70% | +7.34% |
Max Drawdown (1Y)Largest decline over 1 year | -4.22% | -4.51% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -6.91% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -27.36% | -28.74% | +1.38% |
Max Drawdown (10Y)Largest decline over 10 years | -27.36% | -28.74% | +1.38% |
Current DrawdownCurrent decline from peak | -1.70% | -1.30% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -5.02% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.11% | -0.12% |
Volatility
JMKIX vs. EMB - Volatility Comparison
The current volatility for John Hancock Funds Emerging Markets Debt Fund (JMKIX) is 0.88%, while iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a volatility of 1.51%. This indicates that JMKIX experiences smaller price fluctuations and is considered to be less risky than EMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMKIX | EMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 1.51% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 3.59% | 4.80% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.47% | 5.70% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.12% | 9.77% | -3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.44% | 9.95% | -3.51% |
JMKIX vs. EMB - Expense Ratio Comparison
JMKIX has a 0.87% expense ratio, which is higher than EMB's 0.39% expense ratio.
Dividends
JMKIX vs. EMB - Dividend Comparison
JMKIX's dividend yield for the trailing twelve months is around 5.10%, which matches EMB's 5.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.14% | 4.98% | 5.46% | 4.74% | 5.04% | 3.89% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% |
JMKIX John Hancock Funds Emerging Markets Debt Fund | 5.10% | 5.76% | 4.60% | 4.21% | 4.86% | 3.97% | 4.43% | 4.35% | 5.55% | 5.31% | 6.05% | 5.62% |
Frequently Asked Questions
JMKIX and EMB have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMB has higher volatility (1.51%) compared to JMKIX (0.88%). In terms of maximum drawdown, JMKIX dropped -27.36% vs EMB's -34.70%.
JMKIX currently has the higher Sharpe Ratio (1.82 vs 1.33), 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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