JPBM.DE vs. SNAZ.DE
JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) and SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) are both Emerging Markets Bonds funds - JPBM.DE tracks the JPM EMBI Global Diversified TR USD while SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). Both are passively managed. Over the past 5 years, JPBM.DE returned 1.94%/yr vs -0.19%/yr for SNAZ.DE. At a 0.35 correlation, their price movements are largely independent. JPBM.DE charges 0.39%/yr vs 0.53%/yr for SNAZ.DE.
Performance
JPBM.DE vs. SNAZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JPBM.DE achieves a 4.40% return, which is significantly higher than SNAZ.DE's 0.59% return.
JPBM.DE
- 1D
- -0.08%
- 1M
- 0.64%
- 6M
- 3.84%
- YTD
- 4.40%
- 1Y
- 11.06%
- 3Y*
- 6.59%
- 5Y*
- 1.94%
- 10Y*
- —
SNAZ.DE
- 1D
- 0.20%
- 1M
- 0.00%
- 6M
- 0.39%
- YTD
- 0.59%
- 1Y
- 3.85%
- 3Y*
- 4.86%
- 5Y*
- -0.19%
- 10Y*
- —
JPBM.DE vs. SNAZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 4.40% | 0.87% | 7.74% | 5.71% | -10.77% | 5.50% | -5.85% |
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.59% | 6.26% | 4.36% | 5.28% | -14.17% | -1.55% | 5.52% |
Correlation
The correlation between JPBM.DE and SNAZ.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.35 |
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Return for Risk
JPBM.DE vs. SNAZ.DE — Risk / Return Rank
JPBM.DE
SNAZ.DE
JPBM.DE vs. SNAZ.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 $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.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 | SNAZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.22 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 1.32 | +2.27 |
| Martin ratioReturn relative to average drawdown | 10.32 | 4.83 | +5.50 |
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Drawdowns
JPBM.DE vs. SNAZ.DE - Drawdown Comparison
The maximum JPBM.DE drawdown since its inception was -25.94%, which is greater than SNAZ.DE's maximum drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for JPBM.DE and SNAZ.DE.
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Drawdown Indicators
| JPBM.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.94% | -21.88% | -4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -2.91% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -12.49% | -3.82% | -8.67% |
Max Drawdown (5Y)Largest decline over 5 years | -14.10% | -21.88% | +7.78% |
Current DrawdownCurrent decline from peak | -1.44% | -1.73% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -7.61% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.80% | +0.27% |
Volatility
JPBM.DE vs. SNAZ.DE - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) has a higher volatility of 1.67% compared to iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) at 0.98%. This indicates that JPBM.DE's price experiences larger fluctuations and is considered to be riskier than SNAZ.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 | SNAZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 0.98% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 2.77% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.91% | 3.40% | +2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.48% | 5.06% | +3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.85% | 7.63% | +7.22% |
JPBM.DE vs. SNAZ.DE - Expense Ratio Comparison
JPBM.DE has a 0.39% expense ratio, which is lower than SNAZ.DE's 0.53% expense ratio.
Dividends
JPBM.DE vs. SNAZ.DE - Dividend Comparison
JPBM.DE's dividend yield for the trailing twelve months is around 5.80%, while SNAZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPBM.DE and SNAZ.DE have a correlation of 0.30, 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 0.53% for SNAZ.DE.
JPBM.DE tracks JPM EMBI Global Diversified TR USD, while SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JPBM.DE and 0.53% for SNAZ.DE.
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