JPEA.L vs. UBXX.L
JPEA.L (iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)) and UBXX.L (UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis) are both Emerging Markets Bonds funds - JPEA.L tracks the J.P. Morgan EMBI Global Core Index while UBXX.L tracks the J.P. Morgan EMBI Global Diversified 1-5 Year Index. Both are passively managed. Over the past 5 years, JPEA.L returned 1.96%/yr vs 1.30%/yr for UBXX.L. At a 0.47 correlation, their price movements are largely independent. JPEA.L charges 0.45%/yr vs 0.47%/yr for UBXX.L.
Performance
JPEA.L vs. UBXX.L - Performance Comparison
Loading charts...
Different Trading Currencies
JPEA.L is traded in USD, while UBXX.L is traded in GBp. To make them comparable, the UBXX.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with JPEA.L having a 1.83% return and UBXX.L slightly higher at 1.89%.
JPEA.L
- 1D
- 0.26%
- 1M
- 1.07%
- YTD
- 1.83%
- 6M
- 2.37%
- 1Y
- 11.43%
- 3Y*
- 9.82%
- 5Y*
- 1.96%
- 10Y*
- —
UBXX.L
- 1D
- 0.06%
- 1M
- -0.46%
- YTD
- 1.89%
- 6M
- 3.41%
- 1Y
- 6.98%
- 3Y*
- 10.92%
- 5Y*
- 1.30%
- 10Y*
- —
JPEA.L vs. UBXX.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% | -2.51% |
UBXX.L UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis | 1.89% | 17.99% | 5.23% | 12.79% | -20.58% | -1.01% | 4.80% | 10.19% | -8.98% |
Correlation
The correlation between JPEA.L and UBXX.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.47 |
The correlation between JPEA.L and UBXX.L has been stable across timeframes, ranging from 0.47 to 0.53 - 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. UBXX.L — Risk / Return Rank
JPEA.L
UBXX.L
JPEA.L vs. UBXX.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 UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.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 | UBXX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.16 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.18 | +1.39 |
| Martin ratioReturn relative to average drawdown | 11.00 | 3.48 | +7.52 |
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 | UBXX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 0.90 | +1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.12 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.18 | +0.11 |
Drawdowns
JPEA.L vs. UBXX.L - Drawdown Comparison
The maximum JPEA.L drawdown since its inception was -28.64%, smaller than the maximum UBXX.L drawdown of -35.97%. Use the drawdown chart below to compare losses from any high point for JPEA.L and UBXX.L.
Loading charts...
Drawdown Indicators
| JPEA.L | UBXX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.64% | -35.97% | +7.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.42% | -5.87% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -7.35% | -9.25% | +1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -28.64% | -35.97% | +7.33% |
Current DrawdownCurrent decline from peak | -0.06% | -1.90% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -6.80% | -10.61% | +3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.00% | -0.96% |
Volatility
JPEA.L vs. UBXX.L - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.L) is 1.91%, while UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.L) has a volatility of 2.13%. This indicates that JPEA.L experiences smaller price fluctuations and is considered to be less risky than UBXX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JPEA.L | UBXX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 2.13% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 4.55% | 5.90% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.63% | 7.76% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.88% | 10.76% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.21% | 11.14% | -0.93% |
JPEA.L vs. UBXX.L - Expense Ratio Comparison
JPEA.L has a 0.45% expense ratio, which is lower than UBXX.L's 0.47% expense ratio.
Dividends
JPEA.L vs. UBXX.L - Dividend Comparison
JPEA.L has not paid dividends to shareholders, while UBXX.L's dividend yield for the trailing twelve months is around 6.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
UBXX.L UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis | 6.47% | 25.71% | 7.05% | 4.76% | 4.40% | 3.91% | 4.43% | 6.18% | 0.21% |
Frequently Asked Questions
JPEA.L and UBXX.L have a correlation of 0.47, 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 0.47% for UBXX.L.
JPEA.L tracks J.P. Morgan EMBI Global Core Index, while UBXX.L tracks J.P. Morgan EMBI Global Diversified 1-5 Year Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.45% for JPEA.L and 0.47% for UBXX.L.
Find the right allocation for JPEA.L and UBXX.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