JPMB vs. EMHC
Compare and contrast key facts about JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) and SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC).
JPMB and EMHC 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. EMHC is a passively managed fund by State Street that tracks the performance of the Bloomberg Emerging USD Bond Core Index - Benchmark TR Net. It was launched on Apr 6, 2021. Both JPMB and EMHC 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
JPMB vs. EMHC - Performance Comparison
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JPMB vs. EMHC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | -1.42% | 13.73% | 1.46% | 9.48% | -16.05% | 2.39% |
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | -1.37% | 14.07% | 3.52% | 10.06% | -17.75% | 1.68% |
Returns By Period
The year-to-date returns for both investments are quite close, with JPMB having a -1.42% return and EMHC slightly higher at -1.37%.
JPMB
- 1D
- 0.44%
- 1M
- -2.63%
- YTD
- -1.42%
- 6M
- 0.13%
- 1Y
- 8.51%
- 3Y*
- 6.69%
- 5Y*
- 1.39%
- 10Y*
- —
EMHC
- 1D
- 0.32%
- 1M
- -2.81%
- YTD
- -1.37%
- 6M
- 1.68%
- 1Y
- 9.29%
- 3Y*
- 7.58%
- 5Y*
- —
- 10Y*
- —
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JPMB vs. EMHC - Expense Ratio Comparison
JPMB has a 0.39% expense ratio, which is higher than EMHC's 0.23% expense ratio.
Return for Risk
JPMB vs. EMHC — Risk / Return Rank
JPMB
EMHC
JPMB vs. EMHC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) and SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC). 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 | EMHC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 1.38 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.83 | 2.01 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.21 | -0.30 |
Martin ratioReturn relative to average drawdown | 7.37 | 8.83 | -1.45 |
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 | EMHC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.38 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.16 | +0.09 |
Correlation
The correlation between JPMB and EMHC is 0.95, 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
JPMB vs. EMHC - Dividend Comparison
JPMB's dividend yield for the trailing twelve months is around 6.21%, which matches EMHC's 6.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | 6.25% | 6.16% | 5.95% | 5.12% | 5.11% | 2.97% | 0.00% | 0.00% | 0.00% |
Drawdowns
JPMB vs. EMHC - Drawdown Comparison
The maximum JPMB drawdown since its inception was -26.33%, smaller than the maximum EMHC drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for JPMB and EMHC.
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Drawdown Indicators
| JPMB | EMHC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.33% | -28.03% | +1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -4.37% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -26.16% | — | — |
Current DrawdownCurrent decline from peak | -3.09% | -3.13% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -10.21% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 1.10% | +0.10% |
Volatility
JPMB vs. EMHC - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) has a higher volatility of 3.05% compared to SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) at 2.78%. This indicates that JPMB's price experiences larger fluctuations and is considered to be riskier than EMHC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPMB | EMHC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.78% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 3.86% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.62% | 6.76% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.92% | 9.04% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.71% | 9.04% | +0.67% |