JPBM.DE vs. CEB0.DE
JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) and CEB0.DE (iShares China CNY Bond UCITS ETF EUR Hedged Dist) are both Emerging Markets Bonds funds - JPBM.DE tracks the JPM EMBI Global Diversified TR USD while CEB0.DE tracks the Bloomberg Barclays China Treasury + Policy Bank Index. Both are passively managed. Over the past year, JPBM.DE returned 8.34% vs 1.59% for CEB0.DE. At a 0.05 correlation, their price movements are largely independent. JPBM.DE charges 0.39%/yr vs 0.40%/yr for CEB0.DE.
Performance
JPBM.DE vs. CEB0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JPBM.DE achieves a 2.71% return, which is significantly higher than CEB0.DE's 1.63% return.
JPBM.DE
- 1D
- 0.15%
- 1M
- 1.65%
- YTD
- 2.71%
- 6M
- 1.99%
- 1Y
- 8.34%
- 3Y*
- 4.41%
- 5Y*
- 1.97%
- 10Y*
- —
CEB0.DE
- 1D
- -0.13%
- 1M
- 0.30%
- YTD
- 1.63%
- 6M
- 1.79%
- 1Y
- 1.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPBM.DE vs. CEB0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 2.71% | 0.17% | 6.16% |
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.63% | 0.43% | 6.89% |
Correlation
The correlation between JPBM.DE and CEB0.DE is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2024 | 0.05 |
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Return for Risk
JPBM.DE vs. CEB0.DE — Risk / Return Rank
JPBM.DE
CEB0.DE
JPBM.DE vs. CEB0.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 iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.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 | CEB0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.18 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.43 | +1.23 |
| Martin ratioReturn relative to average drawdown | 7.31 | 3.02 | +4.29 |
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 | CEB0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.94 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 2.03 | -1.72 |
Drawdowns
JPBM.DE vs. CEB0.DE - Drawdown Comparison
The maximum JPBM.DE drawdown since its inception was -25.97%, which is greater than CEB0.DE's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for JPBM.DE and CEB0.DE.
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Drawdown Indicators
| JPBM.DE | CEB0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.97% | -1.83% | -24.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -1.11% | -2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | — | — |
Current DrawdownCurrent decline from peak | -2.60% | -0.34% | -2.26% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -0.38% | -7.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.52% | +0.62% |
Volatility
JPBM.DE vs. CEB0.DE - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) has a higher volatility of 1.12% compared to iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.DE) at 1.02%. This indicates that JPBM.DE's price experiences larger fluctuations and is considered to be riskier than CEB0.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 | CEB0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.02% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 1.45% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 1.68% | +4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.51% | 2.03% | +6.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.71% | 2.03% | +7.68% |
JPBM.DE vs. CEB0.DE - Expense Ratio Comparison
JPBM.DE has a 0.39% expense ratio, which is lower than CEB0.DE's 0.40% expense ratio.
Dividends
JPBM.DE vs. CEB0.DE - Dividend Comparison
JPBM.DE's dividend yield for the trailing twelve months is around 5.09%, more than CEB0.DE's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.81% | 1.84% | 1.43% | 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 CEB0.DE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPBM.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPBM.DE is cheaper with a 0.39% expense ratio, compared with 0.40% for CEB0.DE.
JPBM.DE tracks JPM EMBI Global Diversified TR USD, while CEB0.DE tracks Bloomberg Barclays China Treasury + Policy Bank Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JPBM.DE and 0.40% for CEB0.DE.
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