JPMB vs. BEMB
JPMB (JPMorgan USD Emerging Markets Sovereign Bond ETF) and BEMB (Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF) are both Emerging Markets Bonds funds. JPMB is passively managed, while BEMB is actively managed. Over the past 3 years, JPMB returned 7.78%/yr vs 8.46%/yr for BEMB. With a 0.95 correlation, they move nearly in lockstep. JPMB charges 0.39%/yr vs 0.18%/yr for BEMB.
Performance
JPMB vs. BEMB - Performance Comparison
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Returns By Period
In the year-to-date period, JPMB achieves a 1.95% return, which is significantly higher than BEMB's 1.56% return.
JPMB
- 1D
- -0.11%
- 1M
- 1.76%
- YTD
- 1.95%
- 6M
- 1.93%
- 1Y
- 10.60%
- 3Y*
- 7.78%
- 5Y*
- 1.42%
- 10Y*
- —
BEMB
- 1D
- -0.11%
- 1M
- 1.20%
- YTD
- 1.56%
- 6M
- 1.82%
- 1Y
- 8.89%
- 3Y*
- 8.46%
- 5Y*
- —
- 10Y*
- —
JPMB vs. BEMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 1.95% | 13.73% | 1.46% | 8.14% |
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 1.56% | 12.27% | 5.51% | 8.88% |
Correlation
The correlation between JPMB and BEMB is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.95 |
The correlation between JPMB and BEMB has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
JPMB vs. BEMB — Risk / Return Rank
JPMB
BEMB
JPMB vs. BEMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) and Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB). 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 | BEMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.43 | -0.12 |
| Martin ratioReturn relative to average drawdown | 9.81 | 10.44 | -0.63 |
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Drawdowns
JPMB vs. BEMB - Drawdown Comparison
The maximum JPMB drawdown since its inception was -26.33%, which is greater than BEMB's maximum drawdown of -6.17%. Use the drawdown chart below to compare losses from any high point for JPMB and BEMB.
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Drawdown Indicators
| JPMB | BEMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.33% | -6.17% | -20.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -3.67% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -7.53% | -6.17% | -1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -26.16% | — | — |
Current DrawdownCurrent decline from peak | -0.53% | -0.45% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -0.93% | -6.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.85% | +0.23% |
Volatility
JPMB vs. BEMB - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) has a higher volatility of 1.79% compared to Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) at 1.35%. This indicates that JPMB's price experiences larger fluctuations and is considered to be riskier than BEMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPMB | BEMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 1.35% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 4.53% | 3.57% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 4.35% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.94% | 5.87% | +3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.63% | 5.87% | +3.76% |
JPMB vs. BEMB - Expense Ratio Comparison
JPMB has a 0.39% expense ratio, which is higher than BEMB's 0.18% expense ratio.
Dividends
JPMB vs. BEMB - Dividend Comparison
JPMB's dividend yield for the trailing twelve months is around 5.78%, less than BEMB's 6.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 6.86% | 6.88% | 6.31% | 5.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 5.78% | 6.71% | 6.32% | 5.99% | 4.94% | 4.29% | 4.29% | 4.51% | 4.58% |
Frequently Asked Questions
With a correlation of 0.95, JPMB and BEMB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
JPMB has higher volatility (1.79%) compared to BEMB (1.35%). In terms of maximum drawdown, JPMB dropped -26.33% vs BEMB's -6.17%.
On 3-year performance, BEMB leads with 8.46% vs 7.78% for JPMB. On fees, BEMB is cheaper at 0.18% per year. On volatility, BEMB has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BEMB has performed better with a 8.46% return vs 7.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BEMB is cheaper with a 0.18% expense ratio, compared with 0.39% for JPMB.
BEMB has the higher dividend yield at 6.86%, compared with 5.78% for JPMB.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JPMB and 0.18% for BEMB.
BEMB currently has the higher Sharpe Ratio (2.06 vs 1.96), 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.
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