JPEA.L vs. EMGA.L
JPEA.L (iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)) and EMGA.L (iShares J.P. Morgan Emerging Markets Local Government 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 EMGA.L tracks the JPM GBI-EM Global Diversified TR USD. Both are passively managed. Over the past 5 years, JPEA.L returned 1.96%/yr vs 1.03%/yr for EMGA.L. A 0.61 correlation means they provide meaningful diversification when combined. JPEA.L charges 0.45%/yr vs 0.50%/yr for EMGA.L.
Performance
JPEA.L vs. EMGA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JPEA.L achieves a 1.83% return, which is significantly higher than EMGA.L's 0.79% return.
JPEA.L
- 1D
- 0.26%
- 1M
- 1.07%
- YTD
- 1.83%
- 6M
- 2.37%
- 1Y
- 11.43%
- 3Y*
- 9.82%
- 5Y*
- 1.96%
- 10Y*
- —
EMGA.L
- 1D
- -0.12%
- 1M
- 0.75%
- YTD
- 0.79%
- 6M
- 1.63%
- 1Y
- 8.91%
- 3Y*
- 7.03%
- 5Y*
- 1.03%
- 10Y*
- —
JPEA.L vs. EMGA.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) | 1.83% | 13.77% | 5.72% | 10.89% | -18.56% | -2.19% | 5.37% | 15.91% | -0.55% |
EMGA.L iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc) | 0.79% | 18.25% | -2.74% | 11.65% | -10.95% | -10.50% | 1.84% | 11.71% | -2.92% |
Correlation
The correlation between JPEA.L and EMGA.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2018 | 0.61 |
The correlation between JPEA.L and EMGA.L has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.
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. EMGA.L — Risk / Return Rank
JPEA.L
EMGA.L
JPEA.L vs. EMGA.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 Emerging Markets Local Government Bond UCITS ETF USD (Acc) (EMGA.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.
| JPEA.L | EMGA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.23 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.50 | +1.08 |
| Martin ratioReturn relative to average drawdown | 11.00 | 5.01 | +5.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| JPEA.L | EMGA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 1.19 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.11 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.16 | +0.13 |
Drawdowns
JPEA.L vs. EMGA.L - Drawdown Comparison
The maximum JPEA.L drawdown since its inception was -28.64%, roughly equal to the maximum EMGA.L drawdown of -28.18%. Use the drawdown chart below to compare losses from any high point for JPEA.L and EMGA.L.
Loading charts...
Drawdown Indicators
| JPEA.L | EMGA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.64% | -28.18% | -0.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.42% | -5.93% | +1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -7.35% | -9.12% | +1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -28.64% | -26.60% | -2.04% |
Current DrawdownCurrent decline from peak | -0.06% | -2.52% | +2.46% |
Average DrawdownAverage peak-to-trough decline | -6.80% | -8.98% | +2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.78% | -0.74% |
Volatility
JPEA.L vs. EMGA.L - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.L) is 1.91%, while iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc) (EMGA.L) has a volatility of 2.63%. This indicates that JPEA.L experiences smaller price fluctuations and is considered to be less risky than EMGA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JPEA.L | EMGA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 2.63% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 4.55% | 6.52% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.63% | 7.49% | -1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.88% | 9.03% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.21% | 10.24% | -0.03% |
JPEA.L vs. EMGA.L - Expense Ratio Comparison
JPEA.L has a 0.45% expense ratio, which is lower than EMGA.L's 0.50% expense ratio.
Dividends
JPEA.L vs. EMGA.L - Dividend Comparison
Neither JPEA.L nor EMGA.L has paid dividends to shareholders.
Frequently Asked Questions
JPEA.L and EMGA.L have a correlation of 0.60, 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 EMGA.L.
JPEA.L tracks J.P. Morgan EMBI Global Core Index, while EMGA.L tracks JPM GBI-EM Global Diversified TR USD. Their fees differ too: 0.45% for JPEA.L and 0.50% for EMGA.L.
Find the right allocation for JPEA.L and EMGA.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