JREU.DE vs. JMBE.DE

Last updated Jun 5, 2026

JREU.DE (JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) 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 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, JREU.DE returned 14.71%/yr vs -0.64%/yr for JMBE.DE. At a 0.36 correlation, their price movements are largely independent. JREU.DE charges 0.20%/yr vs 0.39%/yr for JMBE.DE.

Performance

JREU.DE vs. JMBE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREU.DE) and JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JREU.DE achieves a 10.64% return, which is significantly higher than JMBE.DE's 0.85% return.

JREU.DE

• 1D: -0.14%
• 1M: 3.76%
• YTD: 10.64%
• 6M: 10.24%
• 1Y: 24.47%
• 3Y*: 18.34%
• 5Y*: 14.71%
• 10Y*: —

JMBE.DE

• 1D: 0.23%
• 1M: 0.29%
• YTD: 0.85%
• 6M: 0.94%
• 1Y: 8.57%
• 3Y*: 5.74%
• 5Y*: -0.64%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JREU.DE vs. JMBE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JREU.DE JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	10.64%	3.77%	32.09%	24.03%	-14.67%	42.44%	8.56%	34.56%	-8.94%
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 JREU.DE and JMBE.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.36

The correlation between JREU.DE and JMBE.DE shifts across timeframes, from 0.23 (3 years) to 0.36 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JREU.DE vs. JMBE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JREU.DE

JREU.DE Risk / Return Rank: 69
JREU.DE Sharpe Ratio Rank: 66
JREU.DE Sortino Ratio Rank: 64
JREU.DE Omega Ratio Rank: 68
JREU.DE Calmar Ratio Rank: 73
JREU.DE Martin Ratio Rank: 72

JMBE.DE

JMBE.DE Risk / Return Rank: 44
JMBE.DE Sharpe Ratio Rank: 44
JMBE.DE Sortino Ratio Rank: 48
JMBE.DE Omega Ratio Rank: 45
JMBE.DE Calmar Ratio Rank: 37
JMBE.DE Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JREU.DE vs. JMBE.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 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.

	JREU.DE	JMBE.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.53	+0.62
Sortino ratio: Return per unit of downside risk	2.93	2.35	+0.58
Omega ratio: Gain probability vs. loss probability	1.40	1.28	+0.12
Calmar ratio: Return relative to maximum drawdown	3.60	1.78	+1.81
Martin ratio: Return relative to average drawdown	13.47	7.10	+6.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JREU.DE vs. JMBE.DE - Sharpe Ratio Comparison

The current JREU.DE Sharpe Ratio is 2.15, which is higher than the JMBE.DE Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of JREU.DE and JMBE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JREU.DE	JMBE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	1.53	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	-0.07	+1.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.14	+0.77

Drawdowns

JREU.DE vs. JMBE.DE - Drawdown Comparison

The maximum JREU.DE drawdown since its inception was -34.39%, 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 JREU.DE and JMBE.DE.

Drawdown Indicators

	JREU.DE	JMBE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.39%	-28.19%	-6.20%
Max Drawdown (1Y) Largest decline over 1 year	-6.81%	-4.73%	-2.08%
Max Drawdown (3Y) Largest decline over 3 years	-23.38%	-7.78%	-15.60%
Max Drawdown (5Y) Largest decline over 5 years	-23.38%	-27.72%	+4.34%
Current Drawdown Current decline from peak	-0.49%	-5.72%	+5.23%
Average Drawdown Average peak-to-trough decline	-4.52%	-10.41%	+5.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	1.19%	+0.63%

Volatility

JREU.DE vs. JMBE.DE - Volatility Comparison

JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREU.DE) has a higher volatility of 2.53% compared to JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE) at 1.91%. This indicates that JREU.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.

Volatility by Period

	JREU.DE	JMBE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	1.91%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	7.43%	4.57%	+2.86%
Volatility (1Y) Calculated over the trailing 1-year period	11.42%	5.54%	+5.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	8.54%	+6.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.23%	9.66%	+7.57%

JREU.DE vs. JMBE.DE - Expense Ratio Comparison

JREU.DE has a 0.20% expense ratio, which is lower than JMBE.DE's 0.39% expense ratio.

Dividends

JREU.DE vs. JMBE.DE - Dividend Comparison

Neither JREU.DE nor JMBE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JREU.DE and JMBE.DE in my portfolio?

JREU.DE and JMBE.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JREU.DE or JMBE.DE?

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.

Which ETF is cheaper, JREU.DE or JMBE.DE?

JREU.DE is cheaper with a 0.20% expense ratio, compared with 0.39% for JMBE.DE.

What is the main difference between JREU.DE and JMBE.DE?

JREU.DE is categorized as Large Cap Blend Equities, while JMBE.DE is Emerging Markets Bonds. JREU.DE tracks JP Morgan US Research Enhanced Index Equity (ESG), while JMBE.DE tracks JPM EMBI Global Diversified Hedge TR EUR. Their fees differ too: 0.20% for JREU.DE and 0.39% for JMBE.DE.