JPEE.L vs. UBXX.L
JPEE.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) and UBXX.L (UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis) are both Emerging Markets Bonds funds - JPEE.L tracks the JPM EMBI Global Diversified TR USD while UBXX.L tracks the J.P. Morgan EMBI Global Diversified 1-5 Year Index. Both are passively managed. Over the past 5 years, JPEE.L returned 2.89%/yr vs 2.24%/yr for UBXX.L. At a 0.39 correlation, their price movements are largely independent. JPEE.L charges 0.45%/yr vs 0.47%/yr for UBXX.L.
Performance
JPEE.L vs. UBXX.L - Performance Comparison
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Different Trading Currencies
JPEE.L is traded in EUR, while UBXX.L is traded in GBp. To make them comparable, the UBXX.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with JPEE.L having a 2.94% return and UBXX.L slightly higher at 3.06%.
JPEE.L
- 1D
- 0.09%
- 1M
- 1.79%
- YTD
- 2.94%
- 6M
- 2.68%
- 1Y
- 9.56%
- 3Y*
- 6.84%
- 5Y*
- 2.89%
- 10Y*
- —
UBXX.L
- 1D
- -0.08%
- 1M
- 0.21%
- YTD
- 3.06%
- 6M
- 3.69%
- 1Y
- 5.18%
- 3Y*
- 7.97%
- 5Y*
- 2.24%
- 10Y*
- —
JPEE.L vs. UBXX.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) | 2.94% | 0.68% | 12.62% | 6.56% | -13.43% | 5.84% | -3.49% | 18.14% | 4.92% |
UBXX.L UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis | 3.06% | 3.98% | 12.18% | 9.41% | -15.65% | 6.39% | -3.83% | 12.68% | -2.19% |
Correlation
The correlation between JPEE.L and UBXX.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.39 |
The correlation between JPEE.L and UBXX.L shifts across timeframes, from 0.33 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JPEE.L vs. UBXX.L — Risk / Return Rank
JPEE.L
UBXX.L
JPEE.L vs. UBXX.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 UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.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 | UBXX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.18 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 2.08 | +1.01 |
| Martin ratioReturn relative to average drawdown | 8.92 | 6.35 | +2.56 |
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 | UBXX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.02 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.31 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.32 | -0.01 |
Drawdowns
JPEE.L vs. UBXX.L - Drawdown Comparison
The maximum JPEE.L drawdown since its inception was -25.89%, which is greater than UBXX.L's maximum drawdown of -24.32%. Use the drawdown chart below to compare losses from any high point for JPEE.L and UBXX.L.
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Drawdown Indicators
| JPEE.L | UBXX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.89% | -24.32% | -1.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -2.48% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -12.74% | -6.86% | -5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -19.83% | +3.96% |
Current DrawdownCurrent decline from peak | 0.00% | -0.17% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -5.41% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.81% | +0.26% |
Volatility
JPEE.L vs. UBXX.L - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) has a higher volatility of 1.27% compared to UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.L) at 1.07%. This indicates that JPEE.L's price experiences larger fluctuations and is considered to be riskier than UBXX.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 | UBXX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.07% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 3.67% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 5.05% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 7.22% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.73% | 8.63% | +1.10% |
JPEE.L vs. UBXX.L - Expense Ratio Comparison
JPEE.L has a 0.45% expense ratio, which is lower than UBXX.L's 0.47% expense ratio.
Dividends
JPEE.L vs. UBXX.L - Dividend Comparison
JPEE.L has not paid dividends to shareholders, while UBXX.L's dividend yield for the trailing twelve months is around 6.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
UBXX.L UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis | 6.47% | 25.71% | 7.05% | 4.76% | 4.40% | 3.91% | 4.43% | 6.18% | 0.21% |
Frequently Asked Questions
JPEE.L and UBXX.L have a correlation of 0.33, 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 0.47% for UBXX.L.
JPEE.L tracks JPM EMBI Global Diversified TR USD, while UBXX.L tracks J.P. Morgan EMBI Global Diversified 1-5 Year Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.45% for JPEE.L and 0.47% for UBXX.L.
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