JPBM.DE vs. IUSP.DE
JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) and IUSP.DE (iShares US Property Yield UCITS ETF) are both Emerging Markets Bonds funds - JPBM.DE tracks the JPM EMBI Global Diversified TR USD while IUSP.DE tracks the JPM GBI-EM Global Diversified TR USD. Both are passively managed. Over the past 5 years, JPBM.DE returned 2.50%/yr vs 2.42%/yr for IUSP.DE. At a 0.48 correlation, their price movements are largely independent. JPBM.DE charges 0.39%/yr vs 0.40%/yr for IUSP.DE.
Performance
JPBM.DE vs. IUSP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JPBM.DE achieves a 5.47% return, which is significantly higher than IUSP.DE's 4.32% return.
JPBM.DE
- 1D
- -0.43%
- 1M
- 3.61%
- YTD
- 5.47%
- 6M
- 5.74%
- 1Y
- 12.80%
- 3Y*
- 6.13%
- 5Y*
- 2.50%
- 10Y*
- —
IUSP.DE
- 1D
- 0.22%
- 1M
- 2.53%
- YTD
- 4.32%
- 6M
- 4.76%
- 1Y
- 10.04%
- 3Y*
- 4.98%
- 5Y*
- 2.42%
- 10Y*
- 1.78%
JPBM.DE vs. IUSP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 5.47% | 0.87% | 7.74% | 5.71% | -10.77% | 5.50% | -4.06% | 21.24% | -15.26% |
IUSP.DE iShares US Property Yield UCITS ETF | 4.32% | 4.73% | 3.11% | 7.78% | -5.48% | -3.07% | -7.05% | 14.45% | -2.77% |
Correlation
The correlation between JPBM.DE and IUSP.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.48 |
The correlation between JPBM.DE and IUSP.DE has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
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Return for Risk
JPBM.DE vs. IUSP.DE — Risk / Return Rank
JPBM.DE
IUSP.DE
JPBM.DE vs. IUSP.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 US Property Yield UCITS ETF (IUSP.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.
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.
| JPBM.DE | IUSP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.35 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 2.56 | +1.60 |
| Martin ratioReturn relative to average drawdown | 12.20 | 9.20 | +3.00 |
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Drawdowns
JPBM.DE vs. IUSP.DE - Drawdown Comparison
The maximum JPBM.DE drawdown since its inception was -25.94%, roughly equal to the maximum IUSP.DE drawdown of -26.69%. Use the drawdown chart below to compare losses from any high point for JPBM.DE and IUSP.DE.
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Drawdown Indicators
| JPBM.DE | IUSP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.94% | -26.69% | +0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -3.91% | +0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -12.49% | -7.25% | -5.24% |
Max Drawdown (5Y)Largest decline over 5 years | -14.10% | -10.19% | -3.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.75% | — |
Current DrawdownCurrent decline from peak | -0.43% | 0.00% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -11.56% | +2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.09% | -0.04% |
Volatility
JPBM.DE vs. IUSP.DE - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) has a higher volatility of 1.55% compared to iShares US Property Yield UCITS ETF (IUSP.DE) at 1.37%. This indicates that JPBM.DE's price experiences larger fluctuations and is considered to be riskier than IUSP.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 | IUSP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.37% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.13% | 4.88% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 5.66% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.49% | 7.18% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 8.45% | +6.44% |
JPBM.DE vs. IUSP.DE - Expense Ratio Comparison
JPBM.DE has a 0.39% expense ratio, which is lower than IUSP.DE's 0.40% expense ratio.
Dividends
JPBM.DE vs. IUSP.DE - Dividend Comparison
JPBM.DE's dividend yield for the trailing twelve months is around 5.66%, less than IUSP.DE's 6.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSP.DE iShares US Property Yield UCITS ETF | 6.70% | 5.59% | 5.43% | 5.04% | 5.54% | 4.42% | 5.26% | 5.19% | 5.53% | 5.45% | 5.29% | 3.39% |
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 5.66% | 6.24% | 5.67% | 5.42% | 5.58% | 3.96% | 4.40% | 4.40% | 4.04% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPBM.DE and IUSP.DE have a correlation of 0.49, 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 IUSP.DE.
JPBM.DE tracks JPM EMBI Global Diversified TR USD, while IUSP.DE tracks JPM GBI-EM Global Diversified TR USD. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JPBM.DE and 0.40% for IUSP.DE.
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