JPEE.L vs. SEMB.L
JPEE.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) and SEMB.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds from iShares tracking the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, JPEE.L returned 2.89%/yr vs 4.52%/yr for SEMB.L. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.45% expense ratio.
Performance
JPEE.L vs. SEMB.L - Performance Comparison
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Different Trading Currencies
JPEE.L is traded in EUR, while SEMB.L is traded in GBp. To make them comparable, the SEMB.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 lower than SEMB.L's 3.66% 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*
- —
SEMB.L
- 1D
- 0.28%
- 1M
- 1.97%
- YTD
- 3.66%
- 6M
- 3.76%
- 1Y
- 11.74%
- 3Y*
- 8.66%
- 5Y*
- 4.52%
- 10Y*
- 4.65%
JPEE.L vs. SEMB.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% |
SEMB.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 3.66% | 2.42% | 14.45% | 8.28% | -12.30% | 6.94% | -2.48% | 21.06% | 0.33% | 0.44% |
Correlation
The correlation between JPEE.L and SEMB.L is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2017 | 0.89 |
The correlation between JPEE.L and SEMB.L has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
JPEE.L vs. SEMB.L — Risk / Return Rank
JPEE.L
SEMB.L
JPEE.L vs. SEMB.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 USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.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 | SEMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.35 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.94 | -0.84 |
| Martin ratioReturn relative to average drawdown | 8.92 | 12.23 | -3.31 |
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 | SEMB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.89 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.50 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.74 | -0.43 |
Drawdowns
JPEE.L vs. SEMB.L - Drawdown Comparison
The maximum JPEE.L drawdown since its inception was -25.89%, roughly equal to the maximum SEMB.L drawdown of -26.75%. Use the drawdown chart below to compare losses from any high point for JPEE.L and SEMB.L.
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Drawdown Indicators
| JPEE.L | SEMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.89% | -26.75% | +0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -2.97% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -12.74% | -12.85% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -14.90% | -0.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.75% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -5.10% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.96% | +0.11% |
Volatility
JPEE.L vs. SEMB.L - Volatility Comparison
The current volatility for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) is 1.27%, while iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.L) has a volatility of 1.42%. This indicates that JPEE.L experiences smaller price fluctuations and is considered to be less risky than SEMB.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 | SEMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.42% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 4.39% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 6.18% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 8.95% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.73% | 10.11% | -0.38% |
JPEE.L vs. SEMB.L - Expense Ratio Comparison
Both JPEE.L and SEMB.L have an expense ratio of 0.45%.
Dividends
JPEE.L vs. SEMB.L - Dividend Comparison
JPEE.L has not paid dividends to shareholders, while SEMB.L's dividend yield for the trailing twelve months is around 7.83%.
| Position | 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% |
SEMB.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 7.83% | 7.87% | 7.27% | 7.21% | 6.70% | 5.35% | 5.28% | 6.25% | 6.15% | 6.48% | 6.88% | 7.10% |
Frequently Asked Questions
JPEE.L and SEMB.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JPEE.L and SEMB.L have the same expense ratio: 0.45% per year.
Both ETFs track JPM EMBI Global Diversified TR USD.
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