JPBM.DE vs. XQUD.DE
JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) and XQUD.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF) are both Emerging Markets Bonds funds - JPBM.DE tracks the JPM EMBI Global Diversified TR USD while XQUD.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. Both are passively managed. Over the past 3 years, JPBM.DE returned 6.13%/yr vs 3.52%/yr for XQUD.DE. Their correlation of 0.91 suggests significant overlap in exposure. JPBM.DE charges 0.39%/yr vs 0.45%/yr for XQUD.DE.
Performance
JPBM.DE vs. XQUD.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 XQUD.DE's 4.71% 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*
- —
XQUD.DE
- 1D
- 0.00%
- 1M
- 3.28%
- YTD
- 4.71%
- 6M
- 5.00%
- 1Y
- 9.91%
- 3Y*
- 3.52%
- 5Y*
- —
- 10Y*
- —
JPBM.DE vs. XQUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 5.47% | 0.87% | 7.74% | 5.71% | 2.63% |
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 4.71% | -1.36% | 5.23% | 3.70% | -0.19% |
Correlation
The correlation between JPBM.DE and XQUD.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.91 |
The correlation between JPBM.DE and XQUD.DE has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
JPBM.DE vs. XQUD.DE — Risk / Return Rank
JPBM.DE
XQUD.DE
JPBM.DE vs. XQUD.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 Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.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 | XQUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.32 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 2.59 | +1.56 |
| Martin ratioReturn relative to average drawdown | 12.20 | 7.90 | +4.30 |
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Drawdowns
JPBM.DE vs. XQUD.DE - Drawdown Comparison
The maximum JPBM.DE drawdown since its inception was -25.94%, which is greater than XQUD.DE's maximum drawdown of -12.01%. Use the drawdown chart below to compare losses from any high point for JPBM.DE and XQUD.DE.
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Drawdown Indicators
| JPBM.DE | XQUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.94% | -12.01% | -13.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -3.84% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -12.49% | -11.40% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -14.10% | — | — |
Current DrawdownCurrent decline from peak | -0.43% | -0.39% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -5.49% | -3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.26% | -0.21% |
Volatility
JPBM.DE vs. XQUD.DE - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) has a higher volatility of 1.55% compared to Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) at 1.16%. This indicates that JPBM.DE's price experiences larger fluctuations and is considered to be riskier than XQUD.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 | XQUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.16% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 4.13% | 3.78% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 5.86% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.49% | 7.99% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 7.99% | +6.90% |
JPBM.DE vs. XQUD.DE - Expense Ratio Comparison
JPBM.DE has a 0.39% expense ratio, which is lower than XQUD.DE's 0.45% expense ratio.
Dividends
JPBM.DE vs. XQUD.DE - Dividend Comparison
JPBM.DE's dividend yield for the trailing twelve months is around 5.66%, while XQUD.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) | 5.66% | 6.24% | 5.67% | 5.42% | 5.58% | 3.96% | 4.40% | 4.40% | 4.04% |
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPBM.DE and XQUD.DE have a correlation of 0.87, 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 0.45% for XQUD.DE.
JPBM.DE tracks JPM EMBI Global Diversified TR USD, while XQUD.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.39% for JPBM.DE and 0.45% for XQUD.DE.
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