JPBM.L vs. EMLP.L

Last updated Apr 2, 2026

Compare and contrast key facts about JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.L) and PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc (EMLP.L).

JPBM.L and EMLP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPBM.L is a passively managed fund by JPMorgan that tracks the performance of the JPM EMBI Global Diversified TR USD. It was launched on Feb 15, 2018. EMLP.L is a passively managed fund by PIMCO that tracks the performance of the JPM GBI-EM Global Diversified TR USD. It was launched on Sep 19, 2011. Both JPBM.L and EMLP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

JPBM.L vs. EMLP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.L) and PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc (EMLP.L). The values are adjusted to include any dividend payments, if applicable.

JPBM.L vs. EMLP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JPBM.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)	-0.23%	6.76%	4.67%	4.36%	-5.01%	0.35%	3.05%	16.46%	7.13%
EMLP.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc	0.89%	9.10%	-1.68%	7.52%	5.55%	-4.33%	-1.55%	9.55%	-2.11%

Returns By Period

In the year-to-date period, JPBM.L achieves a -0.23% return, which is significantly lower than EMLP.L's 0.89% return.

JPBM.L

• 1D: 0.10%
• 1M: -1.74%
• YTD: -0.23%
• 6M: 1.97%
• 1Y: 6.28%
• 3Y*: 5.19%
• 5Y*: 3.35%
• 10Y*: —

EMLP.L

• 1D: 0.15%
• 1M: -2.49%
• YTD: 0.89%
• 6M: 3.49%
• 1Y: 8.61%
• 3Y*: 4.03%
• 5Y*: 4.80%
• 10Y*: 3.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPBM.L vs. EMLP.L - Expense Ratio Comparison

JPBM.L has a 0.39% expense ratio, which is lower than EMLP.L's 0.61% expense ratio.

EMLP.L

PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc

JPBM.L

JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)

Return for Risk

JPBM.L vs. EMLP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPBM.L

JPBM.L Risk / Return Rank: 41
JPBM.L Sharpe Ratio Rank: 41
JPBM.L Sortino Ratio Rank: 37
JPBM.L Omega Ratio Rank: 35
JPBM.L Calmar Ratio Rank: 54
JPBM.L Martin Ratio Rank: 36

EMLP.L

EMLP.L Risk / Return Rank: 73
EMLP.L Sharpe Ratio Rank: 78
EMLP.L Sortino Ratio Rank: 82
EMLP.L Omega Ratio Rank: 70
EMLP.L Calmar Ratio Rank: 72
EMLP.L Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPBM.L vs. EMLP.L - 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.L) and PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc (EMLP.L). 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.L	EMLP.L	Difference
Sharpe ratio Return per unit of total volatility	0.83	1.54	-0.71
Sortino ratio Return per unit of downside risk	1.14	2.26	-1.12
Omega ratio Gain probability vs. loss probability	1.15	1.28	-0.12
Calmar ratio Return relative to maximum drawdown	1.56	2.08	-0.52
Martin ratio Return relative to average drawdown	3.81	7.36	-3.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPBM.L vs. EMLP.L - Sharpe Ratio Comparison

The current JPBM.L Sharpe Ratio is 0.83, which is lower than the EMLP.L Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of JPBM.L and EMLP.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JPBM.L	EMLP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	1.54	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.59	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.32	+0.11

Correlation

The correlation between JPBM.L and EMLP.L is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JPBM.L vs. EMLP.L - Dividend Comparison

JPBM.L's dividend yield for the trailing twelve months is around 6.98%, while EMLP.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
JPBM.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)	6.98%	7.14%	6.80%	6.27%	6.59%	5.57%	5.57%	5.84%	5.28%
EMLP.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JPBM.L vs. EMLP.L - Drawdown Comparison

The maximum JPBM.L drawdown since its inception was -19.74%, roughly equal to the maximum EMLP.L drawdown of -20.02%. Use the drawdown chart below to compare losses from any high point for JPBM.L and EMLP.L.

Drawdown Indicators

	JPBM.L	EMLP.L	Difference
Max Drawdown Largest peak-to-trough decline	-19.74%	-20.02%	+0.28%
Max Drawdown (1Y) Largest decline over 1 year	-5.21%	-4.29%	-0.92%
Max Drawdown (5Y) Largest decline over 5 years	-13.03%	-11.25%	-1.78%
Max Drawdown (10Y) Largest decline over 10 years	—	-19.12%	—
Current Drawdown Current decline from peak	-2.11%	-2.93%	+0.82%
Average Drawdown Average peak-to-trough decline	-4.76%	-6.14%	+1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	1.21%	+0.54%

Volatility

JPBM.L vs. EMLP.L - Volatility Comparison

JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.L) has a higher volatility of 2.57% compared to PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc (EMLP.L) at 2.37%. This indicates that JPBM.L's price experiences larger fluctuations and is considered to be riskier than EMLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPBM.L	EMLP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.57%	2.37%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	4.70%	4.23%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	7.57%	5.58%	+1.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.73%	8.14%	+0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.29%	9.64%	+0.65%