JPBM.DE vs. FESD.DE
JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) and FESD.DE (Fidelity Sustainable USD EM Bond UCITS ETF) are both Emerging Markets Bonds funds - JPBM.DE tracks the JPM EMBI Global Diversified TR USD while FESD.DE tracks the Fidelity Sustainable USD EM Bond. Both are passively managed. Over the past 5 years, JPBM.DE returned 1.97%/yr vs 1.89%/yr for FESD.DE. A 0.75 correlation means they provide meaningful diversification when combined. JPBM.DE charges 0.39%/yr vs 0.45%/yr for FESD.DE.
Performance
JPBM.DE vs. FESD.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 lower than FESD.DE's 3.41% return.
JPBM.DE
- 1D
- 0.15%
- 1M
- 1.60%
- YTD
- 2.71%
- 6M
- 1.92%
- 1Y
- 8.68%
- 3Y*
- 4.41%
- 5Y*
- 1.97%
- 10Y*
- —
FESD.DE
- 1D
- -0.09%
- 1M
- 0.98%
- YTD
- 3.41%
- 6M
- 2.88%
- 1Y
- 9.44%
- 3Y*
- 5.13%
- 5Y*
- 1.89%
- 10Y*
- —
JPBM.DE vs. FESD.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% | 6.35% |
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 3.41% | 0.21% | 8.73% | 4.67% | -13.30% | 6.35% |
Correlation
The correlation between JPBM.DE and FESD.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.75 |
The correlation between JPBM.DE and FESD.DE has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
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Return for Risk
JPBM.DE vs. FESD.DE — Risk / Return Rank
JPBM.DE
FESD.DE
JPBM.DE vs. FESD.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 Fidelity Sustainable USD EM Bond UCITS ETF (FESD.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 | FESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.46 | +0.20 |
| Martin ratioReturn relative to average drawdown | 7.31 | 6.56 | +0.75 |
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 | FESD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.40 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.22 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.19 | +0.12 |
Drawdowns
JPBM.DE vs. FESD.DE - Drawdown Comparison
The maximum JPBM.DE drawdown since its inception was -25.97%, which is greater than FESD.DE's maximum drawdown of -16.01%. Use the drawdown chart below to compare losses from any high point for JPBM.DE and FESD.DE.
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Drawdown Indicators
| JPBM.DE | FESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.97% | -16.01% | -9.96% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -3.71% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -12.34% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -16.01% | +1.70% |
Current DrawdownCurrent decline from peak | -2.60% | -0.59% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -7.16% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.39% | -0.25% |
Volatility
JPBM.DE vs. FESD.DE - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) is 1.12%, while Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) has a volatility of 2.28%. This indicates that JPBM.DE experiences smaller price fluctuations and is considered to be less risky than FESD.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 | FESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 2.28% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 4.57% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 6.51% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.51% | 8.80% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.71% | 8.70% | +1.01% |
JPBM.DE vs. FESD.DE - Expense Ratio Comparison
JPBM.DE has a 0.39% expense ratio, which is lower than FESD.DE's 0.45% expense ratio.
Dividends
JPBM.DE vs. FESD.DE - Dividend Comparison
JPBM.DE's dividend yield for the trailing twelve months is around 5.09%, less than FESD.DE's 6.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 6.69% | 5.90% | 5.86% | 5.43% | 4.80% | 2.01% | 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 FESD.DE have a correlation of 0.82, 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 0.45% for FESD.DE.
JPBM.DE tracks JPM EMBI Global Diversified TR USD, while FESD.DE tracks Fidelity Sustainable USD EM Bond. They also come from different issuers: JPMorgan and Fidelity. Their fees differ too: 0.39% for JPBM.DE and 0.45% for FESD.DE.
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