JREE.DE vs. JMBE.DE
JREE.DE (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) and JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) are both exchange-traded funds - JREE.DE is a Europe Equities fund tracking the JP Morgan Europe Research Enhanced Index Equity (ESG), while JMBE.DE is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified Hedge TR EUR. Both are passively managed. Over the past 5 years, JREE.DE returned 9.92%/yr vs -0.64%/yr for JMBE.DE. At a 0.43 correlation, their price movements are largely independent. JREE.DE charges 0.25%/yr vs 0.39%/yr for JMBE.DE.
Performance
JREE.DE vs. JMBE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JREE.DE achieves a 7.37% return, which is significantly higher than JMBE.DE's 0.85% return.
JREE.DE
- 1D
- 0.69%
- 1M
- 3.34%
- YTD
- 7.37%
- 6M
- 9.73%
- 1Y
- 16.00%
- 3Y*
- 13.05%
- 5Y*
- 9.92%
- 10Y*
- —
JMBE.DE
- 1D
- 0.23%
- 1M
- 0.83%
- YTD
- 0.85%
- 6M
- 1.04%
- 1Y
- 8.47%
- 3Y*
- 5.74%
- 5Y*
- -0.64%
- 10Y*
- —
JREE.DE vs. JMBE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JREE.DE JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) | 7.37% | 20.14% | 6.61% | 17.08% | -9.48% | 25.69% | -1.97% | 30.84% | -6.54% |
JMBE.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) | 0.85% | 11.00% | 0.03% | 7.01% | -18.34% | -3.60% | 3.18% | 15.07% | -1.11% |
Correlation
The correlation between JREE.DE and JMBE.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.43 |
The correlation between JREE.DE and JMBE.DE shifts across timeframes, from 0.37 (3 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JREE.DE vs. JMBE.DE — Risk / Return Rank
JREE.DE
JMBE.DE
JREE.DE vs. JMBE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.DE) and JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE). 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.
| JREE.DE | JMBE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.78 | -0.18 |
| Martin ratioReturn relative to average drawdown | 5.79 | 7.10 | -1.32 |
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
| JREE.DE | JMBE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.53 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | -0.07 | +0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.14 | +0.51 |
Drawdowns
JREE.DE vs. JMBE.DE - Drawdown Comparison
The maximum JREE.DE drawdown since its inception was -35.62%, which is greater than JMBE.DE's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for JREE.DE and JMBE.DE.
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Drawdown Indicators
| JREE.DE | JMBE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.62% | -28.19% | -7.43% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -4.73% | -5.24% |
Max Drawdown (3Y)Largest decline over 3 years | -16.63% | -7.78% | -8.85% |
Max Drawdown (5Y)Largest decline over 5 years | -19.02% | -27.72% | +8.70% |
Current DrawdownCurrent decline from peak | -1.28% | -5.72% | +4.44% |
Average DrawdownAverage peak-to-trough decline | -4.59% | -10.41% | +5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 1.19% | +1.57% |
Volatility
JREE.DE vs. JMBE.DE - Volatility Comparison
JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.DE) has a higher volatility of 4.22% compared to JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE) at 1.91%. This indicates that JREE.DE's price experiences larger fluctuations and is considered to be riskier than JMBE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREE.DE | JMBE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 1.91% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 10.65% | 4.57% | +6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.05% | 5.54% | +7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.66% | 8.54% | +6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 9.66% | +7.04% |
JREE.DE vs. JMBE.DE - Expense Ratio Comparison
JREE.DE has a 0.25% expense ratio, which is lower than JMBE.DE's 0.39% expense ratio.
Dividends
JREE.DE vs. JMBE.DE - Dividend Comparison
Neither JREE.DE nor JMBE.DE has paid dividends to shareholders.
Frequently Asked Questions
JREE.DE and JMBE.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREE.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for JMBE.DE.
JREE.DE is categorized as Europe Equities, while JMBE.DE is Emerging Markets Bonds. JREE.DE tracks JP Morgan Europe Research Enhanced Index Equity (ESG), while JMBE.DE tracks JPM EMBI Global Diversified Hedge TR EUR. Their fees differ too: 0.25% for JREE.DE and 0.39% for JMBE.DE.
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