JPEA.L vs. EMLI.L
JPEA.L (iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)) and EMLI.L (PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist) are both Emerging Markets Bonds funds - JPEA.L tracks the J.P. Morgan EMBI Global Core Index while EMLI.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 3.30%/yr for EMLI.L. A 0.55 correlation means they provide meaningful diversification when combined. JPEA.L charges 0.45%/yr vs 0.61%/yr for EMLI.L.
Performance
JPEA.L vs. EMLI.L - Performance Comparison
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Returns By Period
In the year-to-date period, JPEA.L achieves a 1.83% return, which is significantly higher than EMLI.L's 1.64% 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*
- —
EMLI.L
- 1D
- -0.27%
- 1M
- -0.41%
- YTD
- 1.64%
- 6M
- 1.64%
- 1Y
- 8.36%
- 3Y*
- 6.38%
- 5Y*
- 3.30%
- 10Y*
- 3.23%
JPEA.L vs. EMLI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -5.52% | 5.06% |
EMLI.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist | 1.64% | 16.62% | -3.24% | 13.68% | -5.61% | -5.52% | 1.92% | 13.04% | -6.89% | 5.11% |
Correlation
The correlation between JPEA.L and EMLI.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | 0.55 |
The correlation between JPEA.L and EMLI.L has been stable across timeframes, ranging from 0.53 to 0.57 - a consistent structural relationship.
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Return for Risk
JPEA.L vs. EMLI.L — Risk / Return Rank
JPEA.L
EMLI.L
JPEA.L vs. EMLI.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 PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist (EMLI.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 | EMLI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.25 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.47 | +1.10 |
| Martin ratioReturn relative to average drawdown | 11.00 | 5.23 | +5.76 |
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
| JPEA.L | EMLI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 1.29 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.33 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.23 | +0.06 |
Drawdowns
JPEA.L vs. EMLI.L - Drawdown Comparison
The maximum JPEA.L drawdown since its inception was -28.64%, which is greater than EMLI.L's maximum drawdown of -25.62%. Use the drawdown chart below to compare losses from any high point for JPEA.L and EMLI.L.
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Drawdown Indicators
| JPEA.L | EMLI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.64% | -25.62% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -4.42% | -5.67% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -7.35% | -7.82% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -28.64% | -19.52% | -9.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.08% | — |
Current DrawdownCurrent decline from peak | -0.06% | -2.80% | +2.74% |
Average DrawdownAverage peak-to-trough decline | -6.80% | -7.31% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.59% | -0.55% |
Volatility
JPEA.L vs. EMLI.L - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.L) is 1.91%, while PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist (EMLI.L) has a volatility of 2.02%. This indicates that JPEA.L experiences smaller price fluctuations and is considered to be less risky than EMLI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPEA.L | EMLI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 2.02% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.55% | 5.40% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.63% | 6.49% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.88% | 9.89% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.21% | 9.59% | +0.62% |
JPEA.L vs. EMLI.L - Expense Ratio Comparison
JPEA.L has a 0.45% expense ratio, which is lower than EMLI.L's 0.61% expense ratio.
Dividends
JPEA.L vs. EMLI.L - Dividend Comparison
JPEA.L has not paid dividends to shareholders, while EMLI.L's dividend yield for the trailing twelve months is around 6.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLI.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist | 6.55% | 5.81% | 6.33% | 5.70% | 5.21% | 4.50% | 3.68% | 5.24% | 5.83% | 5.76% | 6.69% | 7.09% |
JPEA.L iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPEA.L and EMLI.L have a correlation of 0.57, 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 0.61% for EMLI.L.
JPEA.L tracks J.P. Morgan EMBI Global Core Index, while EMLI.L tracks JPM GBI-EM Global Diversified TR USD. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.45% for JPEA.L and 0.61% for EMLI.L.
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