LEMB vs. JPMB
Compare and contrast key facts about iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) and JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB).
LEMB and JPMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LEMB is a passively managed fund by iShares that tracks the performance of the J.P. Morgan GBI-EM Global 15 cap 4.5 floor. It was launched on Oct 18, 2011. 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. Both LEMB and JPMB 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
LEMB vs. JPMB - Performance Comparison
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LEMB vs. JPMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | -1.85% | 18.02% | -1.72% | 7.23% | -10.74% | -9.92% | 3.10% | 6.40% | -11.40% |
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | -1.85% | 13.73% | 1.46% | 9.48% | -16.05% | -2.26% | 5.36% | 17.71% | -4.72% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with LEMB at -1.85% and JPMB at -1.85%.
LEMB
- 1D
- 0.94%
- 1M
- -5.03%
- YTD
- -1.85%
- 6M
- 1.44%
- 1Y
- 11.60%
- 3Y*
- 5.53%
- 5Y*
- 0.81%
- 10Y*
- 1.00%
JPMB
- 1D
- 1.03%
- 1M
- -3.52%
- YTD
- -1.85%
- 6M
- 0.04%
- 1Y
- 8.34%
- 3Y*
- 6.53%
- 5Y*
- 1.31%
- 10Y*
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LEMB vs. JPMB - Expense Ratio Comparison
LEMB has a 0.30% expense ratio, which is lower than JPMB's 0.39% expense ratio.
Return for Risk
LEMB vs. JPMB — Risk / Return Rank
LEMB
JPMB
LEMB vs. JPMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) and JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB). 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.
| LEMB | JPMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 1.27 | +0.43 |
Sortino ratioReturn per unit of downside risk | 2.29 | 1.80 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.27 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.89 | +0.09 |
Martin ratioReturn relative to average drawdown | 8.51 | 7.38 | +1.13 |
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
| LEMB | JPMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.27 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.15 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.24 | -0.21 |
Correlation
The correlation between LEMB and JPMB is 0.55, 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
LEMB vs. JPMB - Dividend Comparison
LEMB's dividend yield for the trailing twelve months is around 2.49%, less than JPMB's 6.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEMB iShares J.P. Morgan EM Local Currency Bond ETF | 2.49% | 2.44% | 0.00% | 1.34% | 0.86% | 3.89% | 0.00% | 4.39% | 3.46% | 0.00% | 0.00% | 0.64% |
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 6.24% | 6.71% | 6.32% | 5.99% | 4.94% | 4.29% | 4.29% | 4.51% | 4.58% | 0.00% | 0.00% | 0.00% |
Drawdowns
LEMB vs. JPMB - Drawdown Comparison
The maximum LEMB drawdown since its inception was -30.82%, which is greater than JPMB's maximum drawdown of -26.33%. Use the drawdown chart below to compare losses from any high point for LEMB and JPMB.
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Drawdown Indicators
| LEMB | JPMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.82% | -26.33% | -4.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -4.61% | -1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -25.29% | -26.16% | +0.87% |
Max Drawdown (10Y)Largest decline over 10 years | -29.09% | — | — |
Current DrawdownCurrent decline from peak | -7.73% | -3.52% | -4.21% |
Average DrawdownAverage peak-to-trough decline | -12.83% | -7.19% | -5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 1.18% | +0.22% |
Volatility
LEMB vs. JPMB - Volatility Comparison
iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) has a higher volatility of 3.56% compared to JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) at 3.02%. This indicates that LEMB's price experiences larger fluctuations and is considered to be riskier than JPMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEMB | JPMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 3.02% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 4.71% | 3.78% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 6.61% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 8.93% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.33% | 9.71% | -0.38% |