JPEE.L vs. BNDX

Last updated Apr 2, 2026

Compare and contrast key facts about iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) and Vanguard Total International Bond ETF (BNDX).

JPEE.L and BNDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPEE.L is a passively managed fund by iShares that tracks the performance of the JPM EMBI Global Diversified TR USD. It was launched on Apr 13, 2017. BNDX is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). It was launched on May 31, 2013. Both JPEE.L and BNDX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

JPEE.L vs. BNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) and Vanguard Total International Bond ETF (BNDX). The values are adjusted to include any dividend payments, if applicable.

JPEE.L vs. BNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPEE.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)	-0.10%	0.68%	12.62%	6.56%	-13.43%	5.84%	-3.49%	18.14%	-0.92%	0.44%
BNDX Vanguard Total International Bond ETF	1.56%	-9.34%	10.41%	5.51%	-7.35%	5.02%	-3.98%	10.30%	7.64%	0.63%

Different Trading Currencies

JPEE.L is traded in EUR, while BNDX is traded in USD. To make them comparable, the BNDX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, JPEE.L achieves a -0.10% return, which is significantly lower than BNDX's 1.56% return.

JPEE.L

• 1D: 0.34%
• 1M: -1.80%
• YTD: -0.10%
• 6M: 2.62%
• 1Y: 1.71%
• 3Y*: 6.26%
• 5Y*: 2.27%
• 10Y*: —

BNDX

• 1D: 0.05%
• 1M: -0.62%
• YTD: 1.56%
• 6M: 1.69%
• 1Y: -4.16%
• 3Y*: 1.66%
• 5Y*: 0.56%
• 10Y*: 1.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPEE.L vs. BNDX - Expense Ratio Comparison

JPEE.L has a 0.45% expense ratio, which is higher than BNDX's 0.07% expense ratio.

JPEE.L

iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)

BNDX

Vanguard Total International Bond ETF

Return for Risk

JPEE.L vs. BNDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPEE.L

JPEE.L Risk / Return Rank: 17
JPEE.L Sharpe Ratio Rank: 16
JPEE.L Sortino Ratio Rank: 14
JPEE.L Omega Ratio Rank: 15
JPEE.L Calmar Ratio Rank: 18
JPEE.L Martin Ratio Rank: 20

BNDX

BNDX Risk / Return Rank: 40
BNDX Sharpe Ratio Rank: 44
BNDX Sortino Ratio Rank: 40
BNDX Omega Ratio Rank: 36
BNDX Calmar Ratio Rank: 38
BNDX Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPEE.L vs. BNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) and Vanguard Total International Bond ETF (BNDX). 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.

	JPEE.L	BNDX	Difference
Sharpe ratio Return per unit of total volatility	0.20	-0.55	+0.75
Sortino ratio Return per unit of downside risk	0.31	-0.69	+1.01
Omega ratio Gain probability vs. loss probability	1.05	0.91	+0.13
Calmar ratio Return relative to maximum drawdown	0.35	-0.49	+0.84
Martin ratio Return relative to average drawdown	1.37	-0.76	+2.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPEE.L vs. BNDX - Sharpe Ratio Comparison

The current JPEE.L Sharpe Ratio is 0.20, which is higher than the BNDX Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of JPEE.L and BNDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JPEE.L	BNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	-0.55	+0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.07	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.39	-0.12

Correlation

The correlation between JPEE.L and BNDX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JPEE.L vs. BNDX - Dividend Comparison

JPEE.L has not paid dividends to shareholders, while BNDX's dividend yield for the trailing twelve months is around 4.46%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPEE.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (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%
BNDX Vanguard Total International Bond ETF	4.46%	4.39%	4.18%	4.42%	1.51%	3.74%	1.11%	3.40%	3.01%	2.23%	1.89%	1.63%

Drawdowns

JPEE.L vs. BNDX - Drawdown Comparison

The maximum JPEE.L drawdown since its inception was -25.89%, which is greater than BNDX's maximum drawdown of -15.38%. Use the drawdown chart below to compare losses from any high point for JPEE.L and BNDX.

Drawdown Indicators

	JPEE.L	BNDX	Difference
Max Drawdown Largest peak-to-trough decline	-25.89%	-16.23%	-9.66%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-2.93%	-5.51%
Max Drawdown (5Y) Largest decline over 5 years	-15.87%	-15.86%	-0.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-16.23%	—
Current Drawdown Current decline from peak	-2.53%	-1.99%	-0.54%
Average Drawdown Average peak-to-trough decline	-7.58%	-3.10%	-4.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	0.72%	+0.94%

Volatility

JPEE.L vs. BNDX - Volatility Comparison

iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) has a higher volatility of 2.28% compared to Vanguard Total International Bond ETF (BNDX) at 1.99%. This indicates that JPEE.L's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPEE.L	BNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.28%	1.99%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	4.34%	4.23%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	8.63%	7.56%	+1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.58%	8.44%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.81%	8.10%	+1.71%