JPEA.L vs. EMCA.L
JPEA.L (iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)) and EMCA.L (iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Acc)) are both Emerging Markets Bonds funds from iShares - JPEA.L tracks the J.P. Morgan EMBI Global Core Index while EMCA.L tracks the J.P. Morgan CEMBI Broad Diversified Core Index. Both are passively managed. Over the past 5 years, JPEA.L returned 1.76%/yr vs 1.90%/yr for EMCA.L. A 0.59 correlation means they provide meaningful diversification when combined. JPEA.L charges 0.45%/yr vs 0.50%/yr for EMCA.L.
Performance
JPEA.L vs. EMCA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JPEA.L achieves a 1.69% return, which is significantly higher than EMCA.L's 1.49% return.
JPEA.L
- 1D
- 0.00%
- 1M
- -0.60%
- 6M
- 1.85%
- YTD
- 1.69%
- 1Y
- 9.82%
- 3Y*
- 8.62%
- 5Y*
- 1.76%
- 10Y*
- —
EMCA.L
- 1D
- -0.15%
- 1M
- -0.44%
- 6M
- 1.04%
- YTD
- 1.49%
- 1Y
- 5.60%
- 3Y*
- 6.82%
- 5Y*
- 1.90%
- 10Y*
- —
JPEA.L vs. EMCA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JPEA.L iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) | 1.69% | 13.66% | 5.74% | 10.95% | -18.56% | -2.19% | 5.37% | 15.97% | -0.99% |
EMCA.L iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Acc) | 1.49% | 8.60% | 6.21% | 7.96% | -12.09% | -0.51% | 7.04% | 13.77% | 0.89% |
Correlation
The correlation between JPEA.L and EMCA.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 31, 2018 | 0.59 |
The correlation between JPEA.L and EMCA.L shifts across timeframes, from 0.53 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JPEA.L vs. EMCA.L — Risk / Return Rank
JPEA.L
EMCA.L
JPEA.L vs. EMCA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.L) and iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Acc) (EMCA.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.
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.
| JPEA.L | EMCA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.27 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.52 | -0.30 |
| Martin ratioReturn relative to average drawdown | 9.48 | 9.78 | -0.29 |
Loading charts...
Drawdowns
JPEA.L vs. EMCA.L - Drawdown Comparison
The maximum JPEA.L drawdown since its inception was -28.64%, which is greater than EMCA.L's maximum drawdown of -24.69%. Use the drawdown chart below to compare losses from any high point for JPEA.L and EMCA.L.
Loading charts...
Drawdown Indicators
| JPEA.L | EMCA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.64% | -24.69% | -3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -2.21% | -2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -7.35% | -3.58% | -3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -28.64% | -20.14% | -8.50% |
Current DrawdownCurrent decline from peak | -0.90% | -0.59% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -6.70% | -4.05% | -2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.57% | +0.46% |
Volatility
JPEA.L vs. EMCA.L - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.L) is 0.95%, while iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Acc) (EMCA.L) has a volatility of 1.06%. This indicates that JPEA.L experiences smaller price fluctuations and is considered to be less risky than EMCA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JPEA.L | EMCA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.06% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.72% | 3.26% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.70% | 3.82% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.94% | 5.25% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.19% | 8.78% | +1.41% |
JPEA.L vs. EMCA.L - Expense Ratio Comparison
JPEA.L has a 0.45% expense ratio, which is lower than EMCA.L's 0.50% expense ratio.
Dividends
JPEA.L vs. EMCA.L - Dividend Comparison
Neither JPEA.L nor EMCA.L has paid dividends to shareholders.
Frequently Asked Questions
JPEA.L and EMCA.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPEA.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPEA.L is cheaper with a 0.45% expense ratio, compared with 0.50% for EMCA.L.
JPEA.L tracks J.P. Morgan EMBI Global Core Index, while EMCA.L tracks J.P. Morgan CEMBI Broad Diversified Core Index. Their fees differ too: 0.45% for JPEA.L and 0.50% for EMCA.L.
Find the right allocation for JPEA.L and EMCA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer