JPBM.DE vs. UEFS.DE
JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) and UEFS.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist) are both Emerging Markets Bonds funds - JPBM.DE tracks the JPM EMBI Global Diversified TR USD while UEFS.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. Both are passively managed. Over the past 5 years, JPBM.DE returned 1.97%/yr vs 3.30%/yr for UEFS.DE. Their correlation of 0.90 suggests significant overlap in exposure. JPBM.DE charges 0.39%/yr vs 0.25%/yr for UEFS.DE.
Performance
JPBM.DE vs. UEFS.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 UEFS.DE's 3.71% 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*
- —
UEFS.DE
- 1D
- -0.03%
- 1M
- 1.64%
- YTD
- 3.71%
- 6M
- 3.40%
- 1Y
- 11.85%
- 3Y*
- 8.56%
- 5Y*
- 3.30%
- 10Y*
- 3.55%
JPBM.DE vs. UEFS.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) | 2.71% | 0.17% | 7.28% | 5.27% | -10.98% | 4.83% | -4.56% | 20.72% | 1.99% |
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 3.71% | 2.37% | 13.84% | 8.28% | -14.67% | 5.66% | -4.70% | 17.07% | 4.61% |
Correlation
The correlation between JPBM.DE and UEFS.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 | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2018 | 0.90 |
The correlation between JPBM.DE and UEFS.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
JPBM.DE vs. UEFS.DE — Risk / Return Rank
JPBM.DE
UEFS.DE
JPBM.DE vs. UEFS.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 UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.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 | UEFS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.38 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 3.96 | -1.30 |
| Martin ratioReturn relative to average drawdown | 7.31 | 12.59 | -5.28 |
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 | UEFS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.98 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.38 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.44 | -0.14 |
Drawdowns
JPBM.DE vs. UEFS.DE - Drawdown Comparison
The maximum JPBM.DE drawdown since its inception was -25.97%, which is greater than UEFS.DE's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for JPBM.DE and UEFS.DE.
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Drawdown Indicators
| JPBM.DE | UEFS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.97% | -24.26% | -1.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -2.87% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -13.70% | +1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -17.84% | +3.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.26% | — |
Current DrawdownCurrent decline from peak | -2.60% | -0.03% | -2.57% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -7.41% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.91% | +0.23% |
Volatility
JPBM.DE vs. UEFS.DE - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) is 1.12%, while UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.DE) has a volatility of 1.27%. This indicates that JPBM.DE experiences smaller price fluctuations and is considered to be less risky than UEFS.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 | UEFS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.27% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 3.77% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 5.76% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.51% | 8.69% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.71% | 9.37% | +0.34% |
JPBM.DE vs. UEFS.DE - Expense Ratio Comparison
JPBM.DE has a 0.39% expense ratio, which is higher than UEFS.DE's 0.25% expense ratio.
Dividends
JPBM.DE vs. UEFS.DE - Dividend Comparison
JPBM.DE's dividend yield for the trailing twelve months is around 5.09%, less than UEFS.DE's 6.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 6.50% | 7.96% | 6.14% | 6.46% | 6.08% | 4.22% | 5.09% | 4.60% | 4.53% | 4.90% | 2.30% |
Frequently Asked Questions
With a correlation of 0.91, JPBM.DE and UEFS.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.
On fees, UEFS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEFS.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for JPBM.DE.
JPBM.DE tracks JPM EMBI Global Diversified TR USD, while UEFS.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. They also come from different issuers: JPMorgan and UBS. Their fees differ too: 0.39% for JPBM.DE and 0.25% for UEFS.DE.
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