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JPEM vs. EMXC
Performance
Return for Risk
Dividends
Drawdowns
Volatility

JPEM vs. EMXC

Last updated Apr 2, 2026

Compare and contrast key facts about J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) and iShares MSCI Emerging Markets ex China ETF (EMXC).

JPEM and EMXC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPEM is a passively managed fund by JPMorgan that tracks the performance of the JPMorgan Diversified Factor Emerging Markets Equity Index. It was launched on Jan 7, 2015. EMXC is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets ex China Index. It was launched on Jul 19, 2017. Both JPEM and EMXC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

JPEM vs. EMXC - 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 iShares MSCI Emerging Markets ex China ETF (EMXC). The values are adjusted to include any dividend payments, if applicable.

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JPEM vs. EMXC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
JPEM
J.P. Morgan Diversified Return Emerging Markets Equity ETF		3.21%22.90%4.23%11.01%-9.03%8.11%-0.46%16.21%-10.55%7.81%
EMXC
iShares MSCI Emerging Markets ex China ETF		9.42%35.14%2.68%18.96%-19.56%8.54%12.76%15.80%-12.96%7.01%

Returns By Period

In the year-to-date period, JPEM achieves a 3.21% return, which is significantly lower than EMXC's 9.42% return.

JPEM

1D
0.46%
1M
-4.90%
YTD
3.21%
6M
7.83%
1Y
23.67%
3Y*
12.69%
5Y*
6.85%
10Y*
7.49%

EMXC

1D
1.11%
1M
-7.62%
YTD
9.42%
6M
18.97%
1Y
48.03%
3Y*
20.23%
5Y*
8.43%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

J.P. Morgan Diversified Return Emerging Markets Equity ETF

iShares MSCI Emerging Markets ex China ETF

Often compared with JPEM:
JPEM vs. SCHEJPEM vs. VWOJPEM vs. EMQQJPEM vs. EELVJPEM vs. EEMJPEM vs. JEPIJPEM vs. SCHD
Often compared with EMXC:
EMXC vs. XCEMEMXC vs. IEMGEMXC vs. VWOEMXC vs. EEMEMXC vs. SPEMEMXC vs. VEXCEMXC vs. VEMAX

JPEM vs. EMXC - Expense Ratio Comparison

JPEM has a 0.44% expense ratio, which is lower than EMXC's 0.49% expense ratio.

EMXC
iShares MSCI Emerging Markets ex China ETF
JPEM
J.P. Morgan Diversified Return Emerging Markets Equity ETF

Return for Risk

JPEM vs. EMXC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JPEM
JPEM Risk / Return Rank: 8282
Overall Rank
JPEM Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
JPEM Sortino Ratio Rank: 8484
Sortino Ratio Rank
JPEM Omega Ratio Rank: 8484
Omega Ratio Rank
JPEM Calmar Ratio Rank: 8080
Calmar Ratio Rank
JPEM Martin Ratio Rank: 8080
Martin Ratio Rank
EMXC
EMXC Risk / Return Rank: 9393
Overall Rank
EMXC Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
EMXC Sortino Ratio Rank: 9494
Sortino Ratio Rank
EMXC Omega Ratio Rank: 9393
Omega Ratio Rank
EMXC Calmar Ratio Rank: 9292
Calmar Ratio Rank
EMXC Martin Ratio Rank: 9393
Martin Ratio Rank
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. EMXC - 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 iShares MSCI Emerging Markets ex China ETF (EMXC). 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.

JPEMEMXCDifference

Sharpe ratio

Return per unit of total volatility

1.69

2.34

-0.65

Sortino ratio

Return per unit of downside risk

2.30

3.02

-0.72

Omega ratio

Gain probability vs. loss probability

1.34

1.44

-0.10

Calmar ratio

Return relative to maximum drawdown

2.35

3.39

-1.04

Martin ratio

Return relative to average drawdown

9.34

14.12

-4.79

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. EMXC - Sharpe Ratio Comparison

The current JPEM Sharpe Ratio is 1.69, which is comparable to the EMXC Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of JPEM and EMXC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

JPEMEMXCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.69

2.34

-0.65

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

0.51

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.44

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.40

-0.09

Correlation

The correlation between JPEM and EMXC is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

JPEM vs. EMXC - Dividend Comparison

JPEM's dividend yield for the trailing twelve months is around 4.57%, more than EMXC's 2.57% yield.

TTM20252024202320222021202020192018201720162015
JPEM
J.P. Morgan Diversified Return Emerging Markets Equity ETF		4.57%4.65%5.12%4.46%4.71%4.40%2.85%3.47%2.79%2.14%1.28%3.22%
EMXC
iShares MSCI Emerging Markets ex China ETF		2.57%2.82%2.69%1.83%2.85%1.78%1.45%3.25%2.63%0.99%0.00%0.00%

Drawdowns

JPEM vs. EMXC - Drawdown Comparison

The maximum JPEM drawdown since its inception was -40.22%, smaller than the maximum EMXC drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for JPEM and EMXC.

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Drawdown Indicators

JPEMEMXCDifference

Max Drawdown

Largest peak-to-trough decline

-40.22%

-42.81%

+2.59%

Max Drawdown (1Y)

Largest decline over 1 year

-10.32%

-14.41%

+4.09%

Max Drawdown (5Y)

Largest decline over 5 years

-21.57%

-28.91%

+7.34%

Max Drawdown (10Y)

Largest decline over 10 years

-40.22%

—

—

Current Drawdown

Current decline from peak

-6.68%

-9.89%

+3.21%

Average Drawdown

Average peak-to-trough decline

-9.57%

-10.35%

+0.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.60%

3.46%

-0.86%

Volatility

JPEM vs. EMXC - Volatility Comparison

The current volatility for J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) is 6.58%, while iShares MSCI Emerging Markets ex China ETF (EMXC) has a volatility of 10.61%. This indicates that JPEM experiences smaller price fluctuations and is considered to be less risky than EMXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JPEMEMXCDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.58%

10.61%

-4.03%

Volatility (6M)

Calculated over the trailing 6-month period

10.11%

16.16%

-6.05%

Volatility (1Y)

Calculated over the trailing 1-year period

14.07%

20.60%

-6.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.39%

16.71%

-3.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.04%

19.51%

-2.47%