JPBM.DE vs. XUEB.DE
JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) and XUEB.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) are both Emerging Markets Bonds funds tracking the JPM EMBI Global Diversified TR USD, from JPMorgan and Xtrackers respectively. Both are passively managed. Over the past 5 years, JPBM.DE returned 1.97%/yr vs 2.85%/yr for XUEB.DE. Their correlation of 0.93 suggests significant overlap in exposure. JPBM.DE charges 0.39%/yr vs 0.25%/yr for XUEB.DE.
Performance
JPBM.DE vs. XUEB.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 XUEB.DE's 3.66% 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*
- —
XUEB.DE
- 1D
- -0.10%
- 1M
- 1.42%
- YTD
- 3.66%
- 6M
- 3.08%
- 1Y
- 10.76%
- 3Y*
- 7.25%
- 5Y*
- 2.85%
- 10Y*
- —
JPBM.DE vs. XUEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 2.71% | 0.17% | 7.28% | 5.27% | -10.98% | 4.83% | 0.62% |
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 3.66% | 1.23% | 11.99% | 7.34% | -14.37% | 5.65% | -0.25% |
Correlation
The correlation between JPBM.DE and XUEB.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 25, 2020 | 0.93 |
The correlation between JPBM.DE and XUEB.DE has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
JPBM.DE vs. XUEB.DE — Risk / Return Rank
JPBM.DE
XUEB.DE
JPBM.DE vs. XUEB.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 II USD Emerging Markets Bond UCITS ETF 2C (XUEB.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 | XUEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 3.83 | -1.17 |
| Martin ratioReturn relative to average drawdown | 7.31 | 10.83 | -3.52 |
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 | XUEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.75 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.32 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.25 | +0.05 |
Drawdowns
JPBM.DE vs. XUEB.DE - Drawdown Comparison
The maximum JPBM.DE drawdown since its inception was -25.97%, which is greater than XUEB.DE's maximum drawdown of -17.41%. Use the drawdown chart below to compare losses from any high point for JPBM.DE and XUEB.DE.
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Drawdown Indicators
| JPBM.DE | XUEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.97% | -17.41% | -8.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -2.70% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -13.41% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -17.41% | +3.10% |
Current DrawdownCurrent decline from peak | -2.60% | -0.40% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -6.25% | -2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.96% | +0.18% |
Volatility
JPBM.DE vs. XUEB.DE - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) is 1.12%, while Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) has a volatility of 1.29%. This indicates that JPBM.DE experiences smaller price fluctuations and is considered to be less risky than XUEB.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 | XUEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.29% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 3.95% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 5.93% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.51% | 8.74% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.71% | 8.56% | +1.15% |
JPBM.DE vs. XUEB.DE - Expense Ratio Comparison
JPBM.DE has a 0.39% expense ratio, which is higher than XUEB.DE's 0.25% expense ratio.
Dividends
JPBM.DE vs. XUEB.DE - Dividend Comparison
JPBM.DE's dividend yield for the trailing twelve months is around 5.09%, while XUEB.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) | 5.09% | 5.54% | 5.26% | 5.00% | 5.33% | 3.35% | 3.87% | 3.92% | 2.69% |
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPBM.DE and XUEB.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEB.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEB.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for JPBM.DE.
Both ETFs track JPM EMBI Global Diversified TR USD. They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.39% for JPBM.DE and 0.25% for XUEB.DE.
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