JPBM.L vs. JEPI.L
JPBM.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) and JEPI.L (JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - JPBM.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD, while JEPI.L is a Derivative Income fund actively managed by JPMorgan. JPBM.L is passively managed, while JEPI.L is actively managed. Over the past year, JPBM.L returned 13.68% vs 9.31% for JEPI.L. A 0.53 correlation means they provide meaningful diversification when combined. JPBM.L charges 0.39%/yr vs 0.35%/yr for JEPI.L.
Performance
JPBM.L vs. JEPI.L - Performance Comparison
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Different Trading Currencies
JPBM.L is traded in GBP, while JEPI.L is traded in USD. To make them comparable, the JEPI.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JPBM.L achieves a 2.24% return, which is significantly higher than JEPI.L's 0.60% return.
JPBM.L
- 1D
- 0.21%
- 1M
- 1.72%
- YTD
- 2.24%
- 6M
- 1.65%
- 1Y
- 13.68%
- 3Y*
- 6.20%
- 5Y*
- 3.70%
- 10Y*
- —
JEPI.L
- 1D
- 0.15%
- 1M
- 0.12%
- YTD
- 0.60%
- 6M
- 0.29%
- 1Y
- 9.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPBM.L vs. JEPI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JPBM.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 2.24% | 6.76% | 2.66% |
JEPI.L JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) | 0.60% | 0.41% | 0.80% |
Correlation
The correlation between JPBM.L and JEPI.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.53 |
The correlation between JPBM.L and JEPI.L has been stable across timeframes, ranging from 0.52 to 0.53 - a consistent structural relationship.
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Return for Risk
JPBM.L vs. JEPI.L — Risk / Return Rank
JPBM.L
JEPI.L
JPBM.L vs. JEPI.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 JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEPI.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 | JEPI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.17 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 1.68 | +1.40 |
| Martin ratioReturn relative to average drawdown | 9.23 | 4.55 | +4.67 |
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.L | JEPI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 0.96 | +1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.09 | +0.36 |
Drawdowns
JPBM.L vs. JEPI.L - Drawdown Comparison
The maximum JPBM.L drawdown since its inception was -19.74%, which is greater than JEPI.L's maximum drawdown of -16.18%. Use the drawdown chart below to compare losses from any high point for JPBM.L and JEPI.L.
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Drawdown Indicators
| JPBM.L | JEPI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.74% | -16.18% | -3.56% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -5.44% | +1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -8.37% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.03% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.92% | +3.92% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -5.24% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 2.01% | -0.58% |
Volatility
JPBM.L vs. JEPI.L - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.L) is 1.62%, while JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEPI.L) has a volatility of 2.84%. This indicates that JPBM.L experiences smaller price fluctuations and is considered to be less risky than JEPI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPBM.L | JEPI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 2.84% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 7.34% | -2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.15% | 9.47% | -3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.67% | 12.33% | -3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.21% | 12.33% | -2.12% |
JPBM.L vs. JEPI.L - Expense Ratio Comparison
JPBM.L has a 0.39% expense ratio, which is higher than JEPI.L's 0.35% expense ratio.
Dividends
JPBM.L vs. JEPI.L - Dividend Comparison
JPBM.L's dividend yield for the trailing twelve months is around 6.86%, less than JEPI.L's 8.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JEPI.L JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) | 8.33% | 7.08% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPBM.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 6.86% | 7.14% | 6.80% | 6.27% | 6.59% | 5.57% | 5.57% | 5.84% | 5.28% |
Frequently Asked Questions
JPBM.L and JEPI.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEPI.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEPI.L is cheaper with a 0.35% expense ratio, compared with 0.39% for JPBM.L.
JPBM.L is categorized as Emerging Markets Bonds, while JEPI.L is Derivative Income. Their fees differ too: 0.39% for JPBM.L and 0.35% for JEPI.L.
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