JPEE.L vs. EMHG.L
JPEE.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) and EMHG.L (iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist)) are both Emerging Markets Bonds funds from iShares - JPEE.L tracks the JPM EMBI Global Diversified TR USD while EMHG.L tracks the J.P. Morgan Emerging Markets Bond Index Global Diversified Core. Both are passively managed. Over the past 5 years, JPEE.L returned 2.46%/yr vs 1.12%/yr for EMHG.L. A 0.53 correlation means they provide meaningful diversification when combined. JPEE.L charges 0.45%/yr vs 0.50%/yr for EMHG.L.
Performance
JPEE.L vs. EMHG.L - Performance Comparison
Loading charts...
Different Trading Currencies
JPEE.L is traded in EUR, while EMHG.L is traded in GBP. To make them comparable, the EMHG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with JPEE.L having a 4.78% return and EMHG.L slightly lower at 4.55%.
JPEE.L
- 1D
- 0.00%
- 1M
- 0.92%
- 6M
- 4.20%
- YTD
- 4.78%
- 1Y
- 11.83%
- 3Y*
- 8.16%
- 5Y*
- 2.46%
- 10Y*
- —
EMHG.L
- 1D
- 0.00%
- 1M
- 1.07%
- 6M
- 4.04%
- YTD
- 4.55%
- 1Y
- 12.05%
- 3Y*
- 8.77%
- 5Y*
- 1.12%
- 10Y*
- —
JPEE.L vs. EMHG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 18.14% | 4.82% |
EMHG.L iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) | 4.55% | 7.48% | 10.39% | 11.27% | -24.06% | 3.84% | -2.13% | 21.02% | -6.55% |
Correlation
The correlation between JPEE.L and EMHG.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018 | 0.53 |
The correlation between JPEE.L and EMHG.L shifts across timeframes, from 0.42 (1 year) to 0.56 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JPEE.L vs. EMHG.L — Risk / Return Rank
JPEE.L
EMHG.L
JPEE.L vs. EMHG.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 J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) (EMHG.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 | EMHG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.31 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 2.63 | +1.23 |
| Martin ratioReturn relative to average drawdown | 11.28 | 10.82 | +0.46 |
Loading charts...
Drawdowns
JPEE.L vs. EMHG.L - Drawdown Comparison
The maximum JPEE.L drawdown since its inception was -25.89%, smaller than the maximum EMHG.L drawdown of -34.55%. Use the drawdown chart below to compare losses from any high point for JPEE.L and EMHG.L.
Loading charts...
Drawdown Indicators
| JPEE.L | EMHG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.89% | -34.55% | +8.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -4.69% | +1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -12.74% | -9.86% | -2.88% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -31.23% | +15.36% |
Current DrawdownCurrent decline from peak | -1.06% | 0.00% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -9.91% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.14% | -0.09% |
Volatility
JPEE.L vs. EMHG.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 J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) (EMHG.L) at 1.43%. This indicates that JPEE.L's price experiences larger fluctuations and is considered to be riskier than EMHG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JPEE.L | EMHG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.43% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 5.62% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.99% | 7.22% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.53% | 10.93% | -2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.86% | 12.46% | -1.60% |
JPEE.L vs. EMHG.L - Expense Ratio Comparison
JPEE.L has a 0.45% expense ratio, which is lower than EMHG.L's 0.50% expense ratio.
Dividends
JPEE.L vs. EMHG.L - Dividend Comparison
JPEE.L has not paid dividends to shareholders, while EMHG.L's dividend yield for the trailing twelve months is around 6.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EMHG.L iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) | 6.17% | 5.71% | 5.74% | 5.61% | 5.64% | 3.93% | 3.85% | 4.73% | 3.64% |
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% |
Frequently Asked Questions
JPEE.L and EMHG.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPEE.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPEE.L is cheaper with a 0.45% expense ratio, compared with 0.50% for EMHG.L.
JPEE.L tracks JPM EMBI Global Diversified TR USD, while EMHG.L tracks J.P. Morgan Emerging Markets Bond Index Global Diversified Core. Their fees differ too: 0.45% for JPEE.L and 0.50% for EMHG.L.
Find the right allocation for JPEE.L and EMHG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer