JPEA.L vs. VDEA.L
JPEA.L (iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)) and VDEA.L (Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation) are both Emerging Markets Bonds funds - JPEA.L tracks the J.P. Morgan EMBI Global Core Index while VDEA.L tracks the Bloomberg EM USD Sovereign + Quasi-Sov Index. Both are passively managed. Over the past 5 years, JPEA.L returned 1.96%/yr vs 2.35%/yr for VDEA.L. Their correlation of 0.89 suggests significant overlap in exposure. JPEA.L charges 0.45%/yr vs 0.23%/yr for VDEA.L.
Performance
JPEA.L vs. VDEA.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 VDEA.L's 1.53% 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*
- —
VDEA.L
- 1D
- 0.38%
- 1M
- 0.92%
- YTD
- 1.53%
- 6M
- 1.87%
- 1Y
- 9.45%
- 3Y*
- 8.87%
- 5Y*
- 2.35%
- 10Y*
- —
JPEA.L vs. VDEA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 10.36% |
VDEA.L Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation | 1.53% | 11.45% | 6.35% | 9.72% | -15.28% | -1.74% | 6.10% | 9.05% |
Correlation
The correlation between JPEA.L and VDEA.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.89 |
The correlation between JPEA.L and VDEA.L has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
JPEA.L vs. VDEA.L — Risk / Return Rank
JPEA.L
VDEA.L
JPEA.L vs. VDEA.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 Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation (VDEA.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 | VDEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.34 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.56 | +0.01 |
| Martin ratioReturn relative to average drawdown | 11.00 | 10.10 | +0.90 |
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 | VDEA.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 | 0.33 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.42 | -0.12 |
Drawdowns
JPEA.L vs. VDEA.L - Drawdown Comparison
The maximum JPEA.L drawdown since its inception was -28.64%, which is greater than VDEA.L's maximum drawdown of -24.08%. Use the drawdown chart below to compare losses from any high point for JPEA.L and VDEA.L.
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Drawdown Indicators
| JPEA.L | VDEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.64% | -24.08% | -4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -4.42% | -3.66% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -7.35% | -6.16% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -28.64% | -24.08% | -4.56% |
Current DrawdownCurrent decline from peak | -0.06% | -0.13% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -6.80% | -6.08% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.93% | +0.11% |
Volatility
JPEA.L vs. VDEA.L - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.L) is 1.91%, while Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation (VDEA.L) has a volatility of 2.08%. This indicates that JPEA.L experiences smaller price fluctuations and is considered to be less risky than VDEA.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 | VDEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 2.08% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 4.55% | 4.05% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.63% | 5.00% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.88% | 7.26% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.21% | 8.37% | +1.84% |
JPEA.L vs. VDEA.L - Expense Ratio Comparison
JPEA.L has a 0.45% expense ratio, which is higher than VDEA.L's 0.23% expense ratio.
Dividends
JPEA.L vs. VDEA.L - Dividend Comparison
Neither JPEA.L nor VDEA.L has paid dividends to shareholders.
Frequently Asked Questions
JPEA.L and VDEA.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDEA.L is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDEA.L is cheaper with a 0.23% expense ratio, compared with 0.45% for JPEA.L.
JPEA.L tracks J.P. Morgan EMBI Global Core Index, while VDEA.L tracks Bloomberg EM USD Sovereign + Quasi-Sov Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.45% for JPEA.L and 0.23% for VDEA.L.
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