JPEE.L vs. EMGB.L
JPEE.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) and EMGB.L (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) are both Emerging Markets Bonds funds - JPEE.L tracks the JPM EMBI Global Diversified TR USD while EMGB.L tracks the JPM GBI-EM Global Diversified TR USD. Both are passively managed. Over the past 5 years, JPEE.L returned 2.89%/yr vs 2.14%/yr for EMGB.L. A 0.53 correlation means they provide meaningful diversification when combined. JPEE.L charges 0.45%/yr vs 0.30%/yr for EMGB.L.
Performance
JPEE.L vs. EMGB.L - Performance Comparison
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Different Trading Currencies
JPEE.L is traded in EUR, while EMGB.L is traded in GBP. To make them comparable, the EMGB.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 2.94% return, which is significantly higher than EMGB.L's 2.14% return.
JPEE.L
- 1D
- 0.09%
- 1M
- 1.79%
- YTD
- 2.94%
- 6M
- 2.68%
- 1Y
- 9.56%
- 3Y*
- 6.84%
- 5Y*
- 2.89%
- 10Y*
- —
EMGB.L
- 1D
- -0.06%
- 1M
- 1.57%
- YTD
- 2.14%
- 6M
- 2.44%
- 1Y
- 7.29%
- 3Y*
- 3.95%
- 5Y*
- 2.14%
- 10Y*
- —
JPEE.L vs. EMGB.L - 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) | 2.94% | 0.68% | 12.62% | 6.56% | -13.43% | 5.84% | -3.49% | 18.14% | -0.92% | 0.44% |
EMGB.L VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 2.14% | 4.47% | 3.81% | 6.49% | -4.50% | -2.76% | -6.17% | 12.85% | -4.32% | -1.82% |
Correlation
The correlation between JPEE.L and EMGB.L is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2017 | 0.53 |
The correlation between JPEE.L and EMGB.L has been stable across timeframes, ranging from 0.53 to 0.55 - a consistent structural relationship.
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Return for Risk
JPEE.L vs. EMGB.L — Risk / Return Rank
JPEE.L
EMGB.L
JPEE.L vs. EMGB.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 VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EMGB.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.
| JPEE.L | EMGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.26 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 1.91 | +1.18 |
| Martin ratioReturn relative to average drawdown | 8.92 | 6.40 | +2.51 |
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
| JPEE.L | EMGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.46 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.33 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.08 | +0.22 |
Drawdowns
JPEE.L vs. EMGB.L - Drawdown Comparison
The maximum JPEE.L drawdown since its inception was -25.89%, which is greater than EMGB.L's maximum drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for JPEE.L and EMGB.L.
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Drawdown Indicators
| JPEE.L | EMGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.89% | -19.23% | -6.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -3.80% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -12.74% | -7.27% | -5.47% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -8.54% | -7.33% |
Current DrawdownCurrent decline from peak | 0.00% | -1.04% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -8.13% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.14% | -0.07% |
Volatility
JPEE.L vs. EMGB.L - Volatility Comparison
The current volatility for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) is 1.27%, while VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EMGB.L) has a volatility of 1.43%. This indicates that JPEE.L experiences smaller price fluctuations and is considered to be less risky than EMGB.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 | EMGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.43% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 4.06% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 4.99% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 6.51% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.73% | 7.93% | +1.80% |
JPEE.L vs. EMGB.L - Expense Ratio Comparison
JPEE.L has a 0.45% expense ratio, which is higher than EMGB.L's 0.30% expense ratio.
Dividends
JPEE.L vs. EMGB.L - Dividend Comparison
Neither JPEE.L nor EMGB.L has paid dividends to shareholders.
Frequently Asked Questions
JPEE.L and EMGB.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMGB.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMGB.L is cheaper with a 0.30% expense ratio, compared with 0.45% for JPEE.L.
JPEE.L tracks JPM EMBI Global Diversified TR USD, while EMGB.L tracks JPM GBI-EM Global Diversified TR USD. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.45% for JPEE.L and 0.30% for EMGB.L.
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