JPEA.L vs. EMD5.L
JPEA.L (iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)) and EMD5.L (L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD (Dist)) are both Emerging Markets Bonds funds - JPEA.L tracks the J.P. Morgan EMBI Global Core Index while EMD5.L tracks the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index. Both are passively managed. Over the past 5 years, JPEA.L returned 1.76%/yr vs 2.39%/yr for EMD5.L. A 0.77 correlation means they provide meaningful diversification when combined. JPEA.L charges 0.45%/yr vs 0.25%/yr for EMD5.L.
Performance
JPEA.L vs. EMD5.L - Performance Comparison
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Returns By Period
In the year-to-date period, JPEA.L achieves a 1.69% return, which is significantly higher than EMD5.L's -0.96% 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*
- —
EMD5.L
- 1D
- 0.11%
- 1M
- -0.21%
- 6M
- 1.53%
- YTD
- -0.96%
- 1Y
- 3.67%
- 3Y*
- 7.13%
- 5Y*
- 2.39%
- 10Y*
- —
JPEA.L vs. EMD5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JPEA.L iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) | 1.69% | 13.66% | 5.74% | 10.95% | -18.56% | -2.19% | 1.39% |
EMD5.L L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD (Dist) | -0.96% | 10.15% | 8.41% | 7.84% | -10.41% | -0.28% | 0.80% |
Correlation
The correlation between JPEA.L and EMD5.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.77 |
The correlation between JPEA.L and EMD5.L has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.
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Return for Risk
JPEA.L vs. EMD5.L — Risk / Return Rank
JPEA.L
EMD5.L
JPEA.L vs. EMD5.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 L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD (Dist) (EMD5.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 | EMD5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.21 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.10 | +1.12 |
| Martin ratioReturn relative to average drawdown | 9.48 | 2.76 | +6.72 |
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Drawdowns
JPEA.L vs. EMD5.L - Drawdown Comparison
The maximum JPEA.L drawdown since its inception was -28.64%, which is greater than EMD5.L's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for JPEA.L and EMD5.L.
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Drawdown Indicators
| JPEA.L | EMD5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.64% | -16.04% | -12.60% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -3.29% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -7.35% | -3.29% | -4.06% |
Max Drawdown (5Y)Largest decline over 5 years | -28.64% | -16.04% | -12.60% |
Current DrawdownCurrent decline from peak | -0.90% | -1.06% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -6.70% | -4.32% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.31% | -0.28% |
Volatility
JPEA.L vs. EMD5.L - Volatility Comparison
iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.L) and L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD (Dist) (EMD5.L) have volatilities of 0.95% and 0.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPEA.L | EMD5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.95% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 4.72% | 3.51% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.70% | 3.97% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.94% | 4.85% | +4.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.19% | 4.62% | +5.57% |
JPEA.L vs. EMD5.L - Expense Ratio Comparison
JPEA.L has a 0.45% expense ratio, which is higher than EMD5.L's 0.25% expense ratio.
Dividends
JPEA.L vs. EMD5.L - Dividend Comparison
Neither JPEA.L nor EMD5.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EMD5.L L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF USD (Dist) | 0.00% | 5.66% | 6.09% | 4.60% | 3.04% | 1.25% |
JPEA.L iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPEA.L and EMD5.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMD5.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMD5.L is cheaper with a 0.25% expense ratio, compared with 0.45% for JPEA.L.
JPEA.L tracks J.P. Morgan EMBI Global Core Index, while EMD5.L tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index. They also come from different issuers: iShares and L&G. Their fees differ too: 0.45% for JPEA.L and 0.25% for EMD5.L.
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