JPEE.L vs. JMAB.L

Last updated Jun 5, 2026

JPEE.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) and JMAB.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF) are both Emerging Markets Bonds funds tracking the JPM EMBI Global Diversified TR USD, from iShares and JPMorgan respectively. Both are passively managed. Over the past 5 years, JPEE.L returned 2.89%/yr vs 2.49%/yr for JMAB.L. Their correlation of 0.87 suggests significant overlap in exposure. JPEE.L charges 0.45%/yr vs 0.39%/yr for JMAB.L.

Performance

JPEE.L vs. JMAB.L - 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 JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF (JMAB.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JPEE.L is traded in EUR, while JMAB.L is traded in GBP. To make them comparable, the JMAB.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 2.94% return and JMAB.L slightly lower at 2.84%.

JPEE.L

• 1D: 0.09%
• 1M: 1.79%
• YTD: 2.94%
• 6M: 2.68%
• 1Y: 9.56%
• 3Y*: 6.84%
• 5Y*: 2.89%
• 10Y*: —

JMAB.L

• 1D: 0.24%
• 1M: 1.88%
• YTD: 2.84%
• 6M: 2.54%
• 1Y: 9.27%
• 3Y*: 5.02%
• 5Y*: 2.49%
• 10Y*: —

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

JPEE.L vs. JMAB.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)	2.94%	0.68%	12.62%	6.56%	-13.43%	5.84%	-3.49%	0.96%
JMAB.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF	2.84%	0.13%	8.60%	5.71%	-10.95%	5.25%	-3.77%	1.76%

Correlation

The correlation between JPEE.L and JMAB.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Dec 11, 2019	0.87

The correlation between JPEE.L and JMAB.L has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

Return for Risk

JPEE.L vs. JMAB.L — 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: 52
JPEE.L Sharpe Ratio Rank: 47
JPEE.L Sortino Ratio Rank: 50
JPEE.L Omega Ratio Rank: 49
JPEE.L Calmar Ratio Rank: 63
JPEE.L Martin Ratio Rank: 53

JMAB.L

JMAB.L Risk / Return Rank: 59
JMAB.L Sharpe Ratio Rank: 62
JMAB.L Sortino Ratio Rank: 65
JMAB.L Omega Ratio Rank: 61
JMAB.L Calmar Ratio Rank: 57
JMAB.L Martin Ratio Rank: 48

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. JMAB.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 JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF (JMAB.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	JMAB.L	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.52	+0.10
Sortino ratio: Return per unit of downside risk	2.41	2.16	+0.25
Omega ratio: Gain probability vs. loss probability	1.31	1.27	+0.03
Calmar ratio: Return relative to maximum drawdown	3.09	2.89	+0.20
Martin ratio: Return relative to average drawdown	8.92	8.50	+0.42
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. JMAB.L - Sharpe Ratio Comparison

The current JPEE.L Sharpe Ratio is 1.62, which is comparable to the JMAB.L Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of JPEE.L and JMAB.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JPEE.L	JMAB.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	1.52	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.28	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.13	+0.18

Drawdowns

JPEE.L vs. JMAB.L - Drawdown Comparison

The maximum JPEE.L drawdown since its inception was -25.89%, which is greater than JMAB.L's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for JPEE.L and JMAB.L.

Drawdown Indicators

	JPEE.L	JMAB.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.89%	-21.63%	-4.26%
Max Drawdown (1Y) Largest decline over 1 year	-3.08%	-3.19%	+0.11%
Max Drawdown (3Y) Largest decline over 3 years	-12.74%	-12.73%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-15.87%	-13.99%	-1.88%
Current Drawdown Current decline from peak	0.00%	-0.03%	+0.03%
Average Drawdown Average peak-to-trough decline	-7.46%	-9.12%	+1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	1.09%	-0.02%

Volatility

JPEE.L vs. JMAB.L - Volatility Comparison

iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) and JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF (JMAB.L) have volatilities of 1.27% and 1.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPEE.L	JMAB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.27%	1.26%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	4.02%	4.26%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	5.88%	6.07%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.56%	8.76%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.73%	9.74%	-0.01%

JPEE.L vs. JMAB.L - Expense Ratio Comparison

JPEE.L has a 0.45% expense ratio, which is higher than JMAB.L's 0.39% expense ratio.

Dividends

JPEE.L vs. JMAB.L - Dividend Comparison

Neither JPEE.L nor JMAB.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JPEE.L and JMAB.L in my portfolio?

JPEE.L and JMAB.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JPEE.L or JMAB.L?

On fees, JMAB.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JPEE.L or JMAB.L?

JMAB.L is cheaper with a 0.39% expense ratio, compared with 0.45% for JPEE.L.

What is the main difference between JPEE.L and JMAB.L?

Both ETFs track JPM EMBI Global Diversified TR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.45% for JPEE.L and 0.39% for JMAB.L.