JPMB.L vs. AGGU.L
JPMB.L (JPM USD Emerging Markets Sovereign Bond UCITS ETF USD (Dist)) and AGGU.L (iShares Core Global Aggregate Bond UCITS ETF) are both exchange-traded funds - JPMB.L is a Emerging Markets Bonds fund tracking the J.P. Morgan Emerging Market Risk Aware Bond Index, while AGGU.L is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond Index. Both are passively managed. Over the past 5 years, JPMB.L returned 1.26%/yr vs 0.42%/yr for AGGU.L. At a 0.46 correlation, their price movements are largely independent. JPMB.L charges 0.39%/yr vs 0.10%/yr for AGGU.L.
Performance
JPMB.L vs. AGGU.L - Performance Comparison
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Returns By Period
In the year-to-date period, JPMB.L achieves a 1.42% return, which is significantly higher than AGGU.L's 0.52% return.
JPMB.L
- 1D
- -0.07%
- 1M
- -0.73%
- 6M
- 1.57%
- YTD
- 1.42%
- 1Y
- 9.06%
- 3Y*
- 7.06%
- 5Y*
- 1.26%
- 10Y*
- —
AGGU.L
- 1D
- 0.17%
- 1M
- -0.34%
- 6M
- 0.52%
- YTD
- 0.52%
- 1Y
- 3.18%
- 3Y*
- 4.08%
- 5Y*
- 0.42%
- 10Y*
- —
JPMB.L vs. AGGU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JPMB.L JPM USD Emerging Markets Sovereign Bond UCITS ETF USD (Dist) | 1.42% | 13.29% | 1.97% | 9.51% | -16.15% | -2.40% | 5.30% | 18.66% | -3.06% |
AGGU.L iShares Core Global Aggregate Bond UCITS ETF | 0.52% | 4.68% | 3.54% | 6.65% | -11.53% | -1.81% | 5.15% | 8.16% | 2.91% |
Correlation
The correlation between JPMB.L and AGGU.L is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.46 |
Over the past year, JPMB.L and AGGU.L have become more correlated (0.67) than their long-term average of 0.46, meaning their price movements have been converging.
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Return for Risk
JPMB.L vs. AGGU.L — Risk / Return Rank
JPMB.L
AGGU.L
JPMB.L vs. AGGU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM USD Emerging Markets Sovereign Bond UCITS ETF USD (Dist) (JPMB.L) and iShares Core Global Aggregate Bond UCITS ETF (AGGU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JPMB.L | AGGU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.17 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.44 | +0.56 |
| Martin ratioReturn relative to average drawdown | 8.71 | 4.15 | +4.55 |
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Drawdowns
JPMB.L vs. AGGU.L - Drawdown Comparison
The maximum JPMB.L drawdown since its inception was -26.70%, which is greater than AGGU.L's maximum drawdown of -15.55%. Use the drawdown chart below to compare losses from any high point for JPMB.L and AGGU.L.
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Drawdown Indicators
| JPMB.L | AGGU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.70% | -15.55% | -11.15% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -2.21% | -2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -7.27% | -3.47% | -3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -25.95% | -15.20% | -10.75% |
Current DrawdownCurrent decline from peak | -1.01% | -0.85% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -3.84% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.76% | +0.28% |
Volatility
JPMB.L vs. AGGU.L - Volatility Comparison
JPM USD Emerging Markets Sovereign Bond UCITS ETF USD (Dist) (JPMB.L) and iShares Core Global Aggregate Bond UCITS ETF (AGGU.L) have volatilities of 1.00% and 1.05%, 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.
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Volatility by Period
| JPMB.L | AGGU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.05% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.55% | 2.77% | +1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.41% | 3.36% | +2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.47% | 4.86% | +3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.61% | 4.47% | +5.14% |
JPMB.L vs. AGGU.L - Expense Ratio Comparison
JPMB.L has a 0.39% expense ratio, which is higher than AGGU.L's 0.10% expense ratio.
Dividends
JPMB.L vs. AGGU.L - Dividend Comparison
JPMB.L's dividend yield for the trailing twelve months is around 5.91%, while AGGU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AGGU.L iShares Core Global Aggregate Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPMB.L JPM USD Emerging Markets Sovereign Bond UCITS ETF USD (Dist) | 5.91% | 5.98% | 5.84% | 5.31% | 5.49% | 4.13% | 4.08% | 4.41% | 4.13% |
Frequently Asked Questions
JPMB.L and AGGU.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGGU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGGU.L is cheaper with a 0.10% expense ratio, compared with 0.39% for JPMB.L.
JPMB.L is categorized as Emerging Markets Bonds, while AGGU.L is Global Bonds. JPMB.L tracks J.P. Morgan Emerging Market Risk Aware Bond Index, while AGGU.L tracks Bloomberg Global Aggregate Bond Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JPMB.L and 0.10% for AGGU.L.
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