JREU.DE vs. JMBA.DE
JREU.DE (JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) are both exchange-traded funds - JREU.DE is a Large Cap Blend Equities fund tracking the JP Morgan US Research Enhanced Index Equity (ESG), while JMBA.DE is a Emerging Markets Bonds fund tracking the J.P. Morgan Emerging Markets Risk-Aware Bond Index. Both are passively managed. Over the past 5 years, JREU.DE returned 13.65%/yr vs 1.93%/yr for JMBA.DE. At a 0.45 correlation, their price movements are largely independent. JREU.DE charges 0.20%/yr vs 0.39%/yr for JMBA.DE.
Performance
JREU.DE vs. JMBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JREU.DE achieves a 12.48% return, which is significantly higher than JMBA.DE's 4.33% return.
JREU.DE
- 1D
- 0.21%
- 1M
- 1.56%
- 6M
- 11.77%
- YTD
- 12.48%
- 1Y
- 22.45%
- 3Y*
- 18.83%
- 5Y*
- 13.65%
- 10Y*
- —
JMBA.DE
- 1D
- -0.15%
- 1M
- 0.55%
- 6M
- 3.60%
- YTD
- 4.33%
- 1Y
- 10.91%
- 3Y*
- 6.62%
- 5Y*
- 1.93%
- 10Y*
- —
JREU.DE vs. JMBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JREU.DE JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) | 12.48% | 3.77% | 32.09% | 24.03% | -14.69% | 42.48% | 8.54% | 3.61% |
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.33% | 0.84% | 7.77% | 5.79% | -10.80% | 5.58% | -4.14% | -7.72% |
Correlation
The correlation between JREU.DE and JMBA.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.45 |
The correlation between JREU.DE and JMBA.DE shifts across timeframes, from 0.44 (5 years) to 0.55 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JREU.DE vs. JMBA.DE — Risk / Return Rank
JREU.DE
JMBA.DE
JREU.DE vs. JMBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREU.DE) and JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.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.
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.
| JREU.DE | JMBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 3.84 | -0.55 |
| Martin ratioReturn relative to average drawdown | 12.12 | 11.71 | +0.41 |
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Drawdowns
JREU.DE vs. JMBA.DE - Drawdown Comparison
The maximum JREU.DE drawdown since its inception was -34.40%, which is greater than JMBA.DE's maximum drawdown of -26.66%. Use the drawdown chart below to compare losses from any high point for JREU.DE and JMBA.DE.
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Drawdown Indicators
| JREU.DE | JMBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.40% | -26.66% | -7.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -3.14% | -3.67% |
Max Drawdown (3Y)Largest decline over 3 years | -23.37% | -12.45% | -10.92% |
Max Drawdown (5Y)Largest decline over 5 years | -23.37% | -14.09% | -9.28% |
Current DrawdownCurrent decline from peak | -0.15% | -1.40% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -11.27% | +5.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 1.03% | +0.82% |
Volatility
JREU.DE vs. JMBA.DE - Volatility Comparison
JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREU.DE) has a higher volatility of 2.80% compared to JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) at 1.53%. This indicates that JREU.DE's price experiences larger fluctuations and is considered to be riskier than JMBA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREU.DE | JMBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 1.53% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 4.11% | +3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 6.05% | +5.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.32% | 8.43% | +6.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.72% | 10.70% | +7.02% |
JREU.DE vs. JMBA.DE - Expense Ratio Comparison
JREU.DE has a 0.20% expense ratio, which is lower than JMBA.DE's 0.39% expense ratio.
Dividends
JREU.DE vs. JMBA.DE - Dividend Comparison
Neither JREU.DE nor JMBA.DE has paid dividends to shareholders.
Frequently Asked Questions
JREU.DE and JMBA.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREU.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREU.DE is cheaper with a 0.20% expense ratio, compared with 0.39% for JMBA.DE.
JREU.DE is categorized as Large Cap Blend Equities, while JMBA.DE is Emerging Markets Bonds. JREU.DE tracks JP Morgan US Research Enhanced Index Equity (ESG), while JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index. Their fees differ too: 0.20% for JREU.DE and 0.39% for JMBA.DE.
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