JPEA.L vs. ISAC.L
JPEA.L (iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - JPEA.L is a Emerging Markets Bonds fund tracking the J.P. Morgan EMBI Global Core Index, while ISAC.L is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 5 years, JPEA.L returned 1.96%/yr vs 11.38%/yr for ISAC.L. A 0.55 correlation means they provide meaningful diversification when combined. JPEA.L charges 0.45%/yr vs 0.20%/yr for ISAC.L.
Performance
JPEA.L vs. ISAC.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 lower than ISAC.L's 11.54% 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*
- —
ISAC.L
- 1D
- -0.10%
- 1M
- 4.26%
- YTD
- 11.54%
- 6M
- 13.01%
- 1Y
- 28.81%
- 3Y*
- 21.19%
- 5Y*
- 11.38%
- 10Y*
- 12.63%
JPEA.L vs. ISAC.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% |
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 11.54% | 22.36% | 17.81% | 22.57% | -18.16% | 18.85% | 15.66% | 25.77% | -9.73% | 17.35% |
Correlation
The correlation between JPEA.L and ISAC.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | 0.55 |
The correlation between JPEA.L and ISAC.L shifts across timeframes, from 0.54 (3 years) to 0.65 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPEA.L vs. ISAC.L — Risk / Return Rank
JPEA.L
ISAC.L
JPEA.L vs. ISAC.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 MSCI ACWI UCITS ETF USD (Acc) (ISAC.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 | ISAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.27 | -0.70 |
| Martin ratioReturn relative to average drawdown | 11.00 | 13.72 | -2.72 |
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 | ISAC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 2.31 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.73 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.75 | -0.46 |
Drawdowns
JPEA.L vs. ISAC.L - Drawdown Comparison
The maximum JPEA.L drawdown since its inception was -28.64%, smaller than the maximum ISAC.L drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for JPEA.L and ISAC.L.
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Drawdown Indicators
| JPEA.L | ISAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.64% | -33.82% | +5.18% |
Max Drawdown (1Y)Largest decline over 1 year | -4.42% | -8.77% | +4.35% |
Max Drawdown (3Y)Largest decline over 3 years | -7.35% | -16.56% | +9.21% |
Max Drawdown (5Y)Largest decline over 5 years | -28.64% | -26.07% | -2.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.82% | — |
Current DrawdownCurrent decline from peak | -0.06% | -0.72% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -6.80% | -4.69% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.10% | -1.06% |
Volatility
JPEA.L vs. ISAC.L - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.L) is 1.91%, while iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) has a volatility of 3.84%. This indicates that JPEA.L experiences smaller price fluctuations and is considered to be less risky than ISAC.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 | ISAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 3.84% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 4.55% | 9.77% | -5.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.63% | 12.40% | -6.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.88% | 15.57% | -6.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.21% | 15.95% | -5.74% |
JPEA.L vs. ISAC.L - Expense Ratio Comparison
JPEA.L has a 0.45% expense ratio, which is higher than ISAC.L's 0.20% expense ratio.
Dividends
JPEA.L vs. ISAC.L - Dividend Comparison
Neither JPEA.L nor ISAC.L has paid dividends to shareholders.
Frequently Asked Questions
JPEA.L and ISAC.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.45% for JPEA.L.
JPEA.L is categorized as Emerging Markets Bonds, while ISAC.L is Global Equities. JPEA.L tracks J.P. Morgan EMBI Global Core Index, while ISAC.L tracks MSCI ACWI Index. Their fees differ too: 0.45% for JPEA.L and 0.20% for ISAC.L.
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