JPMB vs. ELD
Compare and contrast key facts about JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) and WisdomTree Emerging Markets Local Debt Fund (ELD).
JPMB and ELD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPMB is a passively managed fund by JPMorgan that tracks the performance of the J.P. Morgan Emerging Markets Risk-Aware Bond Index. It was launched on Jan 29, 2018. ELD is an actively managed fund by WisdomTree. It was launched on Aug 9, 2010.
Performance
JPMB vs. ELD - Performance Comparison
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JPMB vs. ELD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | -1.42% | 13.73% | 1.46% | 9.48% | -16.05% | -2.26% | 5.36% | 17.71% | -4.72% |
ELD WisdomTree Emerging Markets Local Debt Fund | -1.49% | 21.77% | -4.56% | 14.29% | -9.25% | -9.75% | 1.79% | 12.89% | -10.98% |
Returns By Period
The year-to-date returns for both stocks are quite close, with JPMB having a -1.42% return and ELD slightly lower at -1.49%.
JPMB
- 1D
- 0.44%
- 1M
- -2.63%
- YTD
- -1.42%
- 6M
- 0.13%
- 1Y
- 8.51%
- 3Y*
- 6.69%
- 5Y*
- 1.39%
- 10Y*
- —
ELD
- 1D
- 1.87%
- 1M
- -3.40%
- YTD
- -1.49%
- 6M
- 1.35%
- 1Y
- 13.92%
- 3Y*
- 7.23%
- 5Y*
- 2.73%
- 10Y*
- 2.58%
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JPMB vs. ELD - Expense Ratio Comparison
JPMB has a 0.39% expense ratio, which is lower than ELD's 0.55% expense ratio.
Return for Risk
JPMB vs. ELD — Risk / Return Rank
JPMB
ELD
JPMB vs. ELD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) and WisdomTree Emerging Markets Local Debt Fund (ELD). 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.
| JPMB | ELD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 1.47 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.83 | 2.14 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.70 | +0.22 |
Martin ratioReturn relative to average drawdown | 7.37 | 7.32 | +0.05 |
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
| JPMB | ELD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.47 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.25 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.11 | +0.13 |
Correlation
The correlation between JPMB and ELD is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
JPMB vs. ELD - Dividend Comparison
JPMB's dividend yield for the trailing twelve months is around 6.21%, more than ELD's 5.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 6.21% | 6.71% | 6.32% | 5.99% | 4.94% | 4.29% | 4.29% | 4.51% | 4.58% | 0.00% | 0.00% | 0.00% |
ELD WisdomTree Emerging Markets Local Debt Fund | 5.75% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
Drawdowns
JPMB vs. ELD - Drawdown Comparison
The maximum JPMB drawdown since its inception was -26.33%, smaller than the maximum ELD drawdown of -31.92%. Use the drawdown chart below to compare losses from any high point for JPMB and ELD.
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Drawdown Indicators
| JPMB | ELD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.33% | -31.92% | +5.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -7.15% | +2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -26.16% | -23.56% | -2.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.15% | — |
Current DrawdownCurrent decline from peak | -3.09% | -4.90% | +1.81% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -13.43% | +6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 1.66% | -0.46% |
Volatility
JPMB vs. ELD - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) is 3.05%, while WisdomTree Emerging Markets Local Debt Fund (ELD) has a volatility of 4.33%. This indicates that JPMB experiences smaller price fluctuations and is considered to be less risky than ELD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPMB | ELD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 4.33% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 6.20% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.62% | 9.62% | -3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.92% | 10.86% | -1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.71% | 11.28% | -1.57% |