JPBM.DE vs. XUEE.DE
JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) and XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) are both Emerging Markets Bonds funds - JPBM.DE tracks the JPM EMBI Global Diversified TR USD while XUEE.DE tracks the FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged). Both are passively managed. Over the past 3 years, JPBM.DE returned 4.41%/yr vs 7.16%/yr for XUEE.DE. A 0.51 correlation means they provide meaningful diversification when combined. JPBM.DE charges 0.39%/yr vs 0.40%/yr for XUEE.DE.
Performance
JPBM.DE vs. XUEE.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 higher than XUEE.DE's 1.11% 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*
- —
XUEE.DE
- 1D
- -0.01%
- 1M
- -0.23%
- YTD
- 1.11%
- 6M
- 1.45%
- 1Y
- 8.89%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
JPBM.DE vs. XUEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 2.71% | 0.17% | 7.28% | 5.27% | -10.98% | 2.81% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 1.11% | 10.44% | 3.34% | 7.63% | -21.79% | -0.09% |
Correlation
The correlation between JPBM.DE and XUEE.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.51 |
The correlation between JPBM.DE and XUEE.DE shifts across timeframes, from 0.33 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JPBM.DE vs. XUEE.DE — Risk / Return Rank
JPBM.DE
XUEE.DE
JPBM.DE vs. XUEE.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 EUR Hedged (XUEE.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 | XUEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.03 | +0.64 |
| Martin ratioReturn relative to average drawdown | 7.31 | 7.91 | -0.59 |
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 | XUEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.71 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | -0.07 | +0.37 |
Drawdowns
JPBM.DE vs. XUEE.DE - Drawdown Comparison
The maximum JPBM.DE drawdown since its inception was -25.97%, smaller than the maximum XUEE.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for JPBM.DE and XUEE.DE.
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Drawdown Indicators
| JPBM.DE | XUEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.97% | -30.78% | +4.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -4.31% | +1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -8.57% | -3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | — | — |
Current DrawdownCurrent decline from peak | -2.60% | -4.52% | +1.92% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -15.12% | +6.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.11% | +0.03% |
Volatility
JPBM.DE vs. XUEE.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 EUR Hedged (XUEE.DE) has a volatility of 1.82%. This indicates that JPBM.DE experiences smaller price fluctuations and is considered to be less risky than XUEE.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 | XUEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.82% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 4.15% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 5.12% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.51% | 9.14% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.71% | 9.14% | +0.57% |
JPBM.DE vs. XUEE.DE - Expense Ratio Comparison
JPBM.DE has a 0.39% expense ratio, which is lower than XUEE.DE's 0.40% expense ratio.
Dividends
JPBM.DE vs. XUEE.DE - Dividend Comparison
JPBM.DE's dividend yield for the trailing twelve months is around 5.09%, more than XUEE.DE's 4.31% yield.
| 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% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 4.31% | 4.86% | 6.00% | 4.45% | 4.59% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPBM.DE and XUEE.DE have a correlation of 0.33, 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 0.40% for XUEE.DE.
JPBM.DE tracks JPM EMBI Global Diversified TR USD, while XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged). They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.39% for JPBM.DE and 0.40% for XUEE.DE.
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