JPEM vs. AGEM

Last updated Jun 5, 2026

JPEM (J.P. Morgan Diversified Return Emerging Markets Equity ETF) and AGEM (abrdn Emerging Markets Dividend Active ETF) are both Emerging Markets Equities funds. JPEM is passively managed, while AGEM is actively managed. Over the past year, JPEM returned 22.05% vs 58.39% for AGEM. Their correlation of 0.80 suggests significant overlap in exposure. JPEM charges 0.44%/yr vs 0.70%/yr for AGEM.

Performance

JPEM vs. AGEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) and abrdn Emerging Markets Dividend Active ETF (AGEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPEM achieves a 7.27% return, which is significantly lower than AGEM's 29.17% return.

JPEM

• 1D: 0.07%
• 1M: -0.46%
• YTD: 7.27%
• 6M: 8.61%
• 1Y: 22.05%
• 3Y*: 13.62%
• 5Y*: 6.05%
• 10Y*: 7.80%

AGEM

• 1D: -1.80%
• 1M: 4.84%
• YTD: 29.17%
• 6M: 31.33%
• 1Y: 58.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPEM vs. AGEM - Yearly Performance Comparison

	2026 (YTD)	2025
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF	7.27%	19.21%
AGEM abrdn Emerging Markets Dividend Active ETF	29.17%	29.81%

Correlation

The correlation between JPEM and AGEM is 0.82, 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	0.82
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.80

The correlation between JPEM and AGEM has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.

Return for Risk

JPEM vs. AGEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPEM

JPEM Risk / Return Rank: 49
JPEM Sharpe Ratio Rank: 50
JPEM Sortino Ratio Rank: 49
JPEM Omega Ratio Rank: 52
JPEM Calmar Ratio Rank: 44
JPEM Martin Ratio Rank: 48

AGEM

AGEM Risk / Return Rank: 84
AGEM Sharpe Ratio Rank: 88
AGEM Sortino Ratio Rank: 84
AGEM Omega Ratio Rank: 86
AGEM Calmar Ratio Rank: 82
AGEM Martin Ratio Rank: 83

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.

JPEM vs. AGEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) and abrdn Emerging Markets Dividend Active ETF (AGEM). 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.

	JPEM	AGEM	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.90	-1.19
Sortino ratio: Return per unit of downside risk	2.38	3.71	-1.33
Omega ratio: Gain probability vs. loss probability	1.32	1.51	-0.20
Calmar ratio: Return relative to maximum drawdown	2.14	4.22	-2.07
Martin ratio: Return relative to average drawdown	8.02	16.44	-8.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPEM vs. AGEM - Sharpe Ratio Comparison

The current JPEM Sharpe Ratio is 1.71, which is lower than the AGEM Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of JPEM and AGEM, 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

	JPEM	AGEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	2.90	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	2.30	-1.97

Drawdowns

JPEM vs. AGEM - Drawdown Comparison

The maximum JPEM drawdown since its inception was -40.22%, which is greater than AGEM's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for JPEM and AGEM.

Drawdown Indicators

	JPEM	AGEM	Difference
Max Drawdown Largest peak-to-trough decline	-40.22%	-15.58%	-24.64%
Max Drawdown (1Y) Largest decline over 1 year	-10.32%	-13.92%	+3.60%
Max Drawdown (3Y) Largest decline over 3 years	-14.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.57%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.22%	—	—
Current Drawdown Current decline from peak	-3.01%	-3.23%	+0.22%
Average Drawdown Average peak-to-trough decline	-9.47%	-2.23%	-7.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	3.56%	-0.80%

Volatility

JPEM vs. AGEM - Volatility Comparison

The current volatility for J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) is 4.38%, while abrdn Emerging Markets Dividend Active ETF (AGEM) has a volatility of 9.25%. This indicates that JPEM experiences smaller price fluctuations and is considered to be less risky than AGEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPEM	AGEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	9.25%	-4.87%
Volatility (6M) Calculated over the trailing 6-month period	11.22%	17.79%	-6.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.96%	20.25%	-7.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.49%	21.55%	-8.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.04%	21.55%	-4.51%

JPEM vs. AGEM - Expense Ratio Comparison

JPEM has a 0.44% expense ratio, which is lower than AGEM's 0.70% expense ratio.

Dividends

JPEM vs. AGEM - Dividend Comparison

JPEM's dividend yield for the trailing twelve months is around 4.40%, more than AGEM's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGEM abrdn Emerging Markets Dividend Active ETF	1.74%	1.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF	4.40%	4.65%	5.12%	4.46%	4.71%	4.40%	2.85%	3.47%	2.79%	2.14%	1.28%	3.22%

Frequently Asked Questions

Can I hold both JPEM and AGEM in my portfolio?

JPEM and AGEM have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPEM or AGEM?

AGEM has higher volatility (9.25%) compared to JPEM (4.38%). In terms of maximum drawdown, JPEM dropped -40.22% vs AGEM's -15.58%.

Which ETF is better, JPEM or AGEM?

On 1-year performance, AGEM leads with 58.39% vs 22.05% for JPEM. On fees, JPEM is cheaper at 0.44% per year. On volatility, JPEM has been the lower-risk option at 4.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPEM or AGEM?

Over the 1-year period, AGEM has performed better with a 58.39% return vs 22.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPEM or AGEM?

JPEM is cheaper with a 0.44% expense ratio, compared with 0.70% for AGEM.

Which ETF pays a higher dividend yield, JPEM or AGEM?

JPEM has the higher dividend yield at 4.40%, compared with 1.74% for AGEM.

What is the main difference between JPEM and AGEM?

They also come from different issuers: JPMorgan and abrdn. Their fees differ too: 0.44% for JPEM and 0.70% for AGEM.

Which has better risk-adjusted returns?

AGEM currently has the higher Sharpe Ratio (2.90 vs 1.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.