JPBM.DE vs. SYBM.DE
JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) and SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) are both Emerging Markets Bonds funds - JPBM.DE tracks the JPM EMBI Global Diversified TR USD while SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond. Both are passively managed. Over the past 5 years, JPBM.DE returned 1.94%/yr vs 1.78%/yr for SYBM.DE. At a 0.47 correlation, their price movements are largely independent. JPBM.DE charges 0.39%/yr vs 0.55%/yr for SYBM.DE.
Performance
JPBM.DE vs. SYBM.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 SYBM.DE's 2.71% 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*
- —
SYBM.DE
- 1D
- -0.10%
- 1M
- 0.91%
- 6M
- 1.53%
- YTD
- 2.71%
- 1Y
- 5.51%
- 3Y*
- 3.91%
- 5Y*
- 1.78%
- 10Y*
- 1.34%
JPBM.DE vs. SYBM.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) | 4.40% | 0.87% | 7.74% | 5.71% | -10.77% | 5.50% | -4.06% | 21.24% | -15.26% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 2.71% | 2.48% | 3.06% | 5.79% | -4.56% | -0.97% | -5.72% | 14.76% | -0.41% |
Correlation
The correlation between JPBM.DE and SYBM.DE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.47 |
The correlation between JPBM.DE and SYBM.DE has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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Return for Risk
JPBM.DE vs. SYBM.DE — Risk / Return Rank
JPBM.DE
SYBM.DE
JPBM.DE vs. SYBM.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 SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.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 | SYBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.20 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 1.41 | +2.19 |
| Martin ratioReturn relative to average drawdown | 10.32 | 4.27 | +6.05 |
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Drawdowns
JPBM.DE vs. SYBM.DE - Drawdown Comparison
The maximum JPBM.DE drawdown since its inception was -25.94%, smaller than the maximum SYBM.DE drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for JPBM.DE and SYBM.DE.
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Drawdown Indicators
| JPBM.DE | SYBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.94% | -31.70% | +5.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -3.90% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -12.49% | -7.60% | -4.89% |
Max Drawdown (5Y)Largest decline over 5 years | -14.10% | -8.64% | -5.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.37% | — |
Current DrawdownCurrent decline from peak | -1.44% | -4.94% | +3.50% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -17.13% | +7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.29% | -0.22% |
Volatility
JPBM.DE vs. SYBM.DE - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) has a higher volatility of 1.67% compared to SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) at 0.86%. This indicates that JPBM.DE's price experiences larger fluctuations and is considered to be riskier than SYBM.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 | SYBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 0.86% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 4.21% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.91% | 5.10% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.48% | 6.68% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.85% | 7.65% | +7.20% |
JPBM.DE vs. SYBM.DE - Expense Ratio Comparison
JPBM.DE has a 0.39% expense ratio, which is lower than SYBM.DE's 0.55% expense ratio.
Dividends
JPBM.DE vs. SYBM.DE - Dividend Comparison
JPBM.DE's dividend yield for the trailing twelve months is around 5.80%, more than SYBM.DE's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 4.96% | 5.01% | 4.74% | 4.21% | 4.29% | 3.90% | 4.12% | 4.34% | 4.13% | 5.01% | 4.30% | 5.26% |
Frequently Asked Questions
JPBM.DE and SYBM.DE have a correlation of 0.56, 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 0.55% for SYBM.DE.
JPBM.DE tracks JPM EMBI Global Diversified TR USD, while SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.39% for JPBM.DE and 0.55% for SYBM.DE.
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