JPBM.DE vs. JMBA.DE
JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) and JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) are both Emerging Markets Bonds funds from JPMorgan - JPBM.DE tracks the JPM EMBI Global Diversified TR USD while JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index. Both are passively managed. Over the past 5 years, JPBM.DE returned 1.94%/yr vs 1.93%/yr for JMBA.DE. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.39% expense ratio.
Performance
JPBM.DE vs. JMBA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JPBM.DE having a 4.40% return and JMBA.DE slightly lower at 4.33%.
JPBM.DE
- 1D
- -0.08%
- 1M
- 0.64%
- 6M
- 3.84%
- YTD
- 4.40%
- 1Y
- 11.06%
- 3Y*
- 6.59%
- 5Y*
- 1.94%
- 10Y*
- —
JMBA.DE
- 1D
- -0.15%
- 1M
- 0.55%
- 6M
- 3.60%
- YTD
- 4.33%
- 1Y
- 10.91%
- 3Y*
- 6.62%
- 5Y*
- 1.93%
- 10Y*
- —
JPBM.DE vs. JMBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 4.40% | 0.87% | 7.74% | 5.71% | -10.77% | 5.50% | -4.06% | 2.36% |
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.33% | 0.84% | 7.77% | 5.79% | -10.80% | 5.58% | -4.14% | -7.72% |
Correlation
The correlation between JPBM.DE and JMBA.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.88 |
The correlation between JPBM.DE and JMBA.DE has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.
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Return for Risk
JPBM.DE vs. JMBA.DE — Risk / Return Rank
JPBM.DE
JMBA.DE
JPBM.DE vs. JMBA.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 JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.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 | JMBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 3.84 | -0.24 |
| Martin ratioReturn relative to average drawdown | 10.32 | 11.71 | -1.38 |
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Drawdowns
JPBM.DE vs. JMBA.DE - Drawdown Comparison
The maximum JPBM.DE drawdown since its inception was -25.94%, roughly equal to the maximum JMBA.DE drawdown of -26.66%. Use the drawdown chart below to compare losses from any high point for JPBM.DE and JMBA.DE.
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Drawdown Indicators
| JPBM.DE | JMBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.94% | -26.66% | +0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -3.14% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -12.49% | -12.45% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -14.10% | -14.09% | -0.01% |
Current DrawdownCurrent decline from peak | -1.44% | -1.40% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -11.27% | +2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.03% | +0.04% |
Volatility
JPBM.DE vs. JMBA.DE - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) has a higher volatility of 1.67% compared to JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) at 1.53%. This indicates that JPBM.DE's price experiences larger fluctuations and is considered to be riskier than JMBA.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 | JMBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.53% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 4.11% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.91% | 6.05% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.48% | 8.43% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.85% | 10.70% | +4.15% |
JPBM.DE vs. JMBA.DE - Expense Ratio Comparison
Both JPBM.DE and JMBA.DE have an expense ratio of 0.39%.
Dividends
JPBM.DE vs. JMBA.DE - Dividend Comparison
JPBM.DE's dividend yield for the trailing twelve months is around 5.80%, while JMBA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JMBA.DE JPM USD Emerging Markets Sovereign Bond 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) | 5.80% | 6.24% | 5.67% | 5.42% | 5.58% | 3.96% | 4.40% | 4.40% | 4.04% |
Frequently Asked Questions
With a correlation of 0.91, JPBM.DE and JMBA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.39% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JPBM.DE and JMBA.DE have the same expense ratio: 0.39% per year.
JPBM.DE tracks JPM EMBI Global Diversified TR USD, while JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index.
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