JPBM.DE vs. ASRC.DE
JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) and ASRC.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF) are both Emerging Markets Bonds funds - JPBM.DE tracks the JPM EMBI Global Diversified TR USD while ASRC.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 5 years, JPBM.DE returned 1.97%/yr vs 2.65%/yr for ASRC.DE. A 0.76 correlation means they provide meaningful diversification when combined. JPBM.DE charges 0.39%/yr vs 0.25%/yr for ASRC.DE.
Performance
JPBM.DE vs. ASRC.DE - Performance Comparison
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Different Trading Currencies
JPBM.DE is traded in EUR, while ASRC.DE is traded in USD. To make them comparable, the ASRC.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with JPBM.DE having a 2.71% return and ASRC.DE slightly higher at 2.84%.
JPBM.DE
- 1D
- 0.15%
- 1M
- 1.60%
- YTD
- 2.71%
- 6M
- 1.92%
- 1Y
- 8.68%
- 3Y*
- 4.41%
- 5Y*
- 1.97%
- 10Y*
- —
ASRC.DE
- 1D
- 0.23%
- 1M
- 1.68%
- YTD
- 2.84%
- 6M
- 2.72%
- 1Y
- 8.98%
- 3Y*
- 6.23%
- 5Y*
- 2.65%
- 10Y*
- —
JPBM.DE vs. ASRC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 2.71% | 0.17% | 7.28% | 5.27% | -10.98% | 7.56% |
ASRC.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF | 2.85% | 0.49% | 11.52% | 6.43% | -12.67% | 8.65% |
Correlation
The correlation between JPBM.DE and ASRC.DE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.76 |
The correlation between JPBM.DE and ASRC.DE has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.
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Return for Risk
JPBM.DE vs. ASRC.DE — Risk / Return Rank
JPBM.DE
ASRC.DE
JPBM.DE vs. ASRC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) and BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.DE). 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.
| JPBM.DE | ASRC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 3.01 | -0.35 |
| Martin ratioReturn relative to average drawdown | 7.31 | 8.61 | -1.29 |
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
| JPBM.DE | ASRC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.32 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.28 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.32 | -0.01 |
Drawdowns
JPBM.DE vs. ASRC.DE - Drawdown Comparison
The maximum JPBM.DE drawdown since its inception was -25.97%, which is greater than ASRC.DE's maximum drawdown of -15.59%. Use the drawdown chart below to compare losses from any high point for JPBM.DE and ASRC.DE.
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Drawdown Indicators
| JPBM.DE | ASRC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.97% | -15.59% | -10.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -2.97% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -12.90% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -15.59% | +1.28% |
Current DrawdownCurrent decline from peak | -2.60% | -0.23% | -2.37% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -6.23% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.04% | +0.10% |
Volatility
JPBM.DE vs. ASRC.DE - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) is 1.12%, while BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.DE) has a volatility of 1.62%. This indicates that JPBM.DE experiences smaller price fluctuations and is considered to be less risky than ASRC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPBM.DE | ASRC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.62% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 5.09% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 6.79% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.51% | 9.24% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.71% | 9.15% | +0.56% |
JPBM.DE vs. ASRC.DE - Expense Ratio Comparison
JPBM.DE has a 0.39% expense ratio, which is higher than ASRC.DE's 0.25% expense ratio.
Dividends
JPBM.DE vs. ASRC.DE - Dividend Comparison
JPBM.DE's dividend yield for the trailing twelve months is around 5.09%, while ASRC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ASRC.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 5.09% | 5.54% | 5.26% | 5.00% | 5.33% | 3.35% | 3.87% | 3.92% | 2.69% |
Frequently Asked Questions
JPBM.DE and ASRC.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRC.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRC.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for JPBM.DE.
JPBM.DE tracks JPM EMBI Global Diversified TR USD, while ASRC.DE tracks JP Morgan ESG EMBI Global Diversified. They also come from different issuers: JPMorgan and BNP Paribas. Their fees differ too: 0.39% for JPBM.DE and 0.25% for ASRC.DE.
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