JPEE.L vs. CEMB

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 iShares J.P. Morgan EM Corporate Bond ETF (CEMB).

JPEE.L and CEMB 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. CEMB is a passively managed fund by iShares that tracks the performance of the JP Morgan CEMBI Broad Diversified. It was launched on Apr 17, 2012. Both JPEE.L and CEMB 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. CEMB - 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 iShares J.P. Morgan EM Corporate Bond ETF (CEMB). The values are adjusted to include any dividend payments, if applicable.

JPEE.L vs. CEMB - 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%
CEMB iShares J.P. Morgan EM Corporate Bond ETF	1.01%	-4.05%	12.80%	5.12%	-7.17%	6.85%	-2.03%	16.48%	2.01%	-0.43%

Different Trading Currencies

JPEE.L is traded in EUR, while CEMB is traded in USD. To make them comparable, the CEMB 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 CEMB's 1.01% 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*: —

CEMB

• 1D: -0.16%
• 1M: -0.81%
• YTD: 1.01%
• 6M: 1.80%
• 1Y: -1.67%
• 3Y*: 4.30%
• 5Y*: 2.15%
• 10Y*: 3.46%

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

JPEE.L vs. CEMB - Expense Ratio Comparison

JPEE.L has a 0.45% expense ratio, which is lower than CEMB's 0.50% expense ratio.

CEMB

iShares J.P. Morgan EM Corporate Bond ETF

JPEE.L

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

Return for Risk

JPEE.L vs. CEMB — 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

CEMB

CEMB Risk / Return Rank: 68
CEMB Sharpe Ratio Rank: 70
CEMB Sortino Ratio Rank: 65
CEMB Omega Ratio Rank: 73
CEMB Calmar Ratio Rank: 67
CEMB Martin Ratio Rank: 66

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. CEMB - 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 iShares J.P. Morgan EM Corporate Bond ETF (CEMB). 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	CEMB	Difference
Sharpe ratio Return per unit of total volatility	0.20	-0.20	+0.40
Sortino ratio Return per unit of downside risk	0.31	-0.20	+0.52
Omega ratio Gain probability vs. loss probability	1.05	0.97	+0.08
Calmar ratio Return relative to maximum drawdown	0.35	-0.17	+0.52
Martin ratio Return relative to average drawdown	1.37	-0.36	+1.73
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. CEMB - Sharpe Ratio Comparison

The current JPEE.L Sharpe Ratio is 0.20, which is higher than the CEMB Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of JPEE.L and CEMB, 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	CEMB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	-0.20	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.28	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.45	-0.17

Correlation

The correlation between JPEE.L and CEMB is 0.61, 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. CEMB - Dividend Comparison

JPEE.L has not paid dividends to shareholders, while CEMB's dividend yield for the trailing twelve months is around 5.22%.

	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%
CEMB iShares J.P. Morgan EM Corporate Bond ETF	5.22%	5.14%	5.11%	4.77%	4.29%	3.51%	3.86%	4.19%	4.66%	4.06%	4.26%	4.76%

Drawdowns

JPEE.L vs. CEMB - Drawdown Comparison

The maximum JPEE.L drawdown since its inception was -25.89%, which is greater than CEMB's maximum drawdown of -19.85%. Use the drawdown chart below to compare losses from any high point for JPEE.L and CEMB.

Drawdown Indicators

	JPEE.L	CEMB	Difference
Max Drawdown Largest peak-to-trough decline	-25.89%	-20.84%	-5.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-3.04%	-5.40%
Max Drawdown (5Y) Largest decline over 5 years	-15.87%	-20.48%	+4.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.84%	—
Current Drawdown Current decline from peak	-2.53%	-2.20%	-0.33%
Average Drawdown Average peak-to-trough decline	-7.58%	-3.69%	-3.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	0.78%	+0.88%

Volatility

JPEE.L vs. CEMB - Volatility Comparison

iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) has a higher volatility of 2.28% compared to iShares J.P. Morgan EM Corporate Bond ETF (CEMB) at 1.83%. This indicates that JPEE.L's price experiences larger fluctuations and is considered to be riskier than CEMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPEE.L	CEMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.28%	1.83%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	4.34%	4.28%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	8.63%	8.46%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.58%	7.70%	+0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.81%	8.52%	+1.29%