JPEA.L vs. IEMB.L
JPEA.L (iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)) and IEMB.L (iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist)) are both Emerging Markets Bonds funds from iShares. Over the past 5 years, JPEA.L returned 1.96%/yr vs 1.91%/yr for IEMB.L. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.45% expense ratio.
Performance
JPEA.L vs. IEMB.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 IEMB.L's 1.62% 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*
- —
IEMB.L
- 1D
- 0.41%
- 1M
- 1.01%
- YTD
- 1.62%
- 6M
- 2.22%
- 1Y
- 11.20%
- 3Y*
- 9.72%
- 5Y*
- 1.91%
- 10Y*
- 3.32%
JPEA.L vs. IEMB.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% |
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 1.62% | 13.71% | 5.70% | 10.54% | -18.35% | -2.28% | 5.57% | 16.06% | -5.53% | 5.00% |
Correlation
The correlation between JPEA.L and IEMB.L is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | 0.94 |
The correlation between JPEA.L and IEMB.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
JPEA.L vs. IEMB.L — Risk / Return Rank
JPEA.L
IEMB.L
JPEA.L vs. IEMB.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 USD EM Bond UCITS ETF USD (Dist) (IEMB.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 | IEMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.58 | -0.01 |
| Martin ratioReturn relative to average drawdown | 11.00 | 10.73 | +0.26 |
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 | IEMB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 1.88 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.21 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.51 | -0.21 |
Drawdowns
JPEA.L vs. IEMB.L - Drawdown Comparison
The maximum JPEA.L drawdown since its inception was -28.64%, smaller than the maximum IEMB.L drawdown of -32.08%. Use the drawdown chart below to compare losses from any high point for JPEA.L and IEMB.L.
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Drawdown Indicators
| JPEA.L | IEMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.64% | -32.08% | +3.44% |
Max Drawdown (1Y)Largest decline over 1 year | -4.42% | -4.32% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -7.35% | -7.54% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -28.64% | -28.62% | -0.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.62% | — |
Current DrawdownCurrent decline from peak | -0.06% | -0.11% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -6.80% | -5.02% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.04% | 0.00% |
Volatility
JPEA.L vs. IEMB.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 USD EM Bond UCITS ETF USD (Dist) (IEMB.L) has a volatility of 2.57%. This indicates that JPEA.L experiences smaller price fluctuations and is considered to be less risky than IEMB.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 | IEMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 2.57% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 4.55% | 4.93% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.63% | 5.95% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.88% | 8.87% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.21% | 9.25% | +0.96% |
JPEA.L vs. IEMB.L - Expense Ratio Comparison
Both JPEA.L and IEMB.L have an expense ratio of 0.45%.
Dividends
JPEA.L vs. IEMB.L - Dividend Comparison
JPEA.L has not paid dividends to shareholders, while IEMB.L's dividend yield for the trailing twelve months is around 5.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 5.83% | 5.85% | 5.80% | 5.65% | 5.55% | 3.95% | 3.86% | 4.73% | 4.82% | 4.79% | 5.57% | 4.78% |
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
With a correlation of 0.95, JPEA.L and IEMB.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JPEA.L and IEMB.L have the same expense ratio: 0.45% per year.
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