JPBM.DE vs. IS02.DE
JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) and IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds - JPBM.DE tracks the JPM EMBI Global Diversified TR USD while IS02.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 5 years, JPBM.DE returned 1.97%/yr vs 2.88%/yr for IS02.DE. Their correlation of 0.92 suggests significant overlap in exposure. JPBM.DE charges 0.39%/yr vs 0.45%/yr for IS02.DE.
Performance
JPBM.DE vs. IS02.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 IS02.DE's 2.97% 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*
- —
IS02.DE
- 1D
- 0.11%
- 1M
- 1.39%
- YTD
- 2.97%
- 6M
- 2.43%
- 1Y
- 9.76%
- 3Y*
- 6.78%
- 5Y*
- 2.88%
- 10Y*
- —
JPBM.DE vs. IS02.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 2.71% | 0.17% | 7.28% | 5.27% | -10.98% | 4.83% | 2.26% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.97% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | 0.08% |
Correlation
The correlation between JPBM.DE and IS02.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2020 | 0.92 |
The correlation between JPBM.DE and IS02.DE has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
JPBM.DE vs. IS02.DE — Risk / Return Rank
JPBM.DE
IS02.DE
JPBM.DE vs. IS02.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 J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.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 | IS02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 3.11 | -0.45 |
| Martin ratioReturn relative to average drawdown | 7.31 | 8.98 | -1.67 |
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 | IS02.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.57 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.33 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.27 | +0.03 |
Drawdowns
JPBM.DE vs. IS02.DE - Drawdown Comparison
The maximum JPBM.DE drawdown since its inception was -25.97%, which is greater than IS02.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for JPBM.DE and IS02.DE.
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Drawdown Indicators
| JPBM.DE | IS02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.97% | -16.21% | -9.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -3.00% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -12.85% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -16.21% | +1.90% |
Current DrawdownCurrent decline from peak | -2.60% | 0.00% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -5.92% | -2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.04% | +0.10% |
Volatility
JPBM.DE vs. IS02.DE - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) is 1.12%, while iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) has a volatility of 1.19%. This indicates that JPBM.DE experiences smaller price fluctuations and is considered to be less risky than IS02.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 | IS02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.19% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 3.97% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 5.94% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.51% | 8.53% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.71% | 8.34% | +1.37% |
JPBM.DE vs. IS02.DE - Expense Ratio Comparison
JPBM.DE has a 0.39% expense ratio, which is lower than IS02.DE's 0.45% expense ratio.
Dividends
JPBM.DE vs. IS02.DE - Dividend Comparison
JPBM.DE's dividend yield for the trailing twelve months is around 5.09%, while IS02.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 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 IS02.DE have a correlation of 0.88, 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 IS02.DE.
JPBM.DE tracks JPM EMBI Global Diversified TR USD, while IS02.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JPBM.DE and 0.45% for IS02.DE.
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