JPEE.L vs. CNYB.L
JPEE.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) and CNYB.L (iShares China CNY Bond UCITS ETF USD (Dist)) are both Emerging Markets Bonds funds from iShares - JPEE.L tracks the JPM EMBI Global Diversified TR USD while CNYB.L tracks the Bloomberg China Treasury + Policy Bank Index. Both are passively managed. Over the past 5 years, JPEE.L returned 2.46%/yr vs 3.79%/yr for CNYB.L. At a 0.33 correlation, their price movements are largely independent. JPEE.L charges 0.45%/yr vs 0.35%/yr for CNYB.L.
Performance
JPEE.L vs. CNYB.L - Performance Comparison
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Different Trading Currencies
JPEE.L is traded in EUR, while CNYB.L is traded in GBP. To make them comparable, the CNYB.L 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 4.78% return, which is significantly lower than CNYB.L's 7.98% return.
JPEE.L
- 1D
- 0.00%
- 1M
- 0.92%
- 6M
- 4.20%
- YTD
- 4.78%
- 1Y
- 11.83%
- 3Y*
- 8.16%
- 5Y*
- 2.46%
- 10Y*
- —
CNYB.L
- 1D
- 0.00%
- 1M
- 1.59%
- 6M
- 6.91%
- YTD
- 7.98%
- 1Y
- 9.31%
- 3Y*
- 5.26%
- 5Y*
- 3.79%
- 10Y*
- —
JPEE.L vs. CNYB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPEE.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 4.78% | 0.68% | 12.62% | 6.56% | -13.43% | 5.84% | -3.49% | 2.12% |
CNYB.L iShares China CNY Bond UCITS ETF USD (Dist) | 7.98% | -7.30% | 11.79% | -2.06% | 0.74% | 16.82% | -24.15% | 6.05% |
Correlation
The correlation between JPEE.L and CNYB.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2019 | 0.33 |
The correlation between JPEE.L and CNYB.L shifts across timeframes, from 0.33 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPEE.L vs. CNYB.L — Risk / Return Rank
JPEE.L
CNYB.L
JPEE.L vs. CNYB.L - 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 China CNY Bond UCITS ETF USD (Dist) (CNYB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JPEE.L | CNYB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.28 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 3.32 | +0.54 |
| Martin ratioReturn relative to average drawdown | 11.28 | 8.86 | +2.42 |
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Drawdowns
JPEE.L vs. CNYB.L - Drawdown Comparison
The maximum JPEE.L drawdown since its inception was -25.89%, smaller than the maximum CNYB.L drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for JPEE.L and CNYB.L.
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Drawdown Indicators
| JPEE.L | CNYB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.89% | -27.64% | +1.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -2.80% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -12.74% | -11.45% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -13.36% | -2.51% |
Current DrawdownCurrent decline from peak | -1.06% | -5.55% | +4.49% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -12.51% | +2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.05% | 0.00% |
Volatility
JPEE.L vs. CNYB.L - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) has a higher volatility of 1.52% compared to iShares China CNY Bond UCITS ETF USD (Dist) (CNYB.L) at 1.33%. This indicates that JPEE.L's price experiences larger fluctuations and is considered to be riskier than CNYB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPEE.L | CNYB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.33% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 4.21% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.99% | 5.97% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.53% | 7.22% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.86% | 11.88% | -1.02% |
JPEE.L vs. CNYB.L - Expense Ratio Comparison
JPEE.L has a 0.45% expense ratio, which is higher than CNYB.L's 0.35% expense ratio.
Dividends
JPEE.L vs. CNYB.L - Dividend Comparison
JPEE.L has not paid dividends to shareholders, while CNYB.L's dividend yield for the trailing twelve months is around 1.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CNYB.L iShares China CNY Bond UCITS ETF USD (Dist) | 1.72% | 1.89% | 2.24% | 2.55% | 2.72% | 2.74% | 2.65% | 0.72% |
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% |
Frequently Asked Questions
JPEE.L and CNYB.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNYB.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNYB.L is cheaper with a 0.35% expense ratio, compared with 0.45% for JPEE.L.
JPEE.L tracks JPM EMBI Global Diversified TR USD, while CNYB.L tracks Bloomberg China Treasury + Policy Bank Index. Their fees differ too: 0.45% for JPEE.L and 0.35% for CNYB.L.
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