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SEMB.L vs. JPEE.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SEMB.L vs. JPEE.L

Last updated Jun 5, 2026

SEMB.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) and JPEE.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds from iShares tracking the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, SEMB.L returned 4.65%/yr vs 3.04%/yr for JPEE.L. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.45% expense ratio.

Performance

SEMB.L vs. JPEE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.L) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SEMB.L is traded in GBp, while JPEE.L is traded in EUR. To make them comparable, the JPEE.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, SEMB.L achieves a 2.75% return, which is significantly higher than JPEE.L's 2.18% return.

SEMB.L

1D
0.37%
1M
2.16%
YTD
2.75%
6M
2.73%
1Y
14.74%
3Y*
8.83%
5Y*
4.65%
10Y*
5.65%

JPEE.L

1D
0.21%
1M
2.02%
YTD
2.18%
6M
1.68%
1Y
12.52%
3Y*
7.00%
5Y*
3.04%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SEMB.L vs. JPEE.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SEMB.L
iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)		2.75%8.06%9.19%6.03%-7.53%0.41%3.12%13.82%1.58%1.52%
JPEE.L
iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)		2.18%6.06%7.50%4.43%-8.96%-0.44%1.97%11.44%0.06%1.56%

Correlation

The correlation between SEMB.L and JPEE.L is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.87

Correlation (3Y)
Calculated over the trailing 3-year period

0.91

Correlation (5Y)
Calculated over the trailing 5-year period

0.92

Correlation (All Time)
Calculated using the full available price history since Sep 18, 2017

0.91

The correlation between SEMB.L and JPEE.L has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)

iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)

Often compared with SEMB.L:
SEMB.L vs. EMBE.LSEMB.L vs. SEML.LSEMB.L vs. EMBSEMB.L vs. VHYG.LSEMB.L vs. SPHYSEMB.L vs. 3199.HKSEMB.L vs. VEMT.L
Often compared with JPEE.L:
JPEE.L vs. CEMBJPEE.L vs. VDEM.LJPEE.L vs. EUNA.DEJPEE.L vs. SXR8.DEJPEE.L vs. BNDXJPEE.L vs. GLDJPEE.L vs. EMDG.L

Return for Risk

SEMB.L vs. JPEE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SEMB.L
SEMB.L Risk / Return Rank: 7777
Overall Rank
SEMB.L Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
SEMB.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
SEMB.L Omega Ratio Rank: 7676
Omega Ratio Rank
SEMB.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
SEMB.L Martin Ratio Rank: 6767
Martin Ratio Rank
JPEE.L
JPEE.L Risk / Return Rank: 5252
Overall Rank
JPEE.L Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
JPEE.L Sortino Ratio Rank: 5050
Sortino Ratio Rank
JPEE.L Omega Ratio Rank: 4949
Omega Ratio Rank
JPEE.L Calmar Ratio Rank: 6363
Calmar Ratio Rank
JPEE.L Martin Ratio Rank: 5353
Martin Ratio Rank
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.

SEMB.L vs. JPEE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.L) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L). 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.

SEMB.LJPEE.LDifference
Sharpe ratioReturn per unit of total volatility
2.46
2.05

+0.41

Sortino ratioReturn per unit of downside risk
3.69
3.10

+0.59

Omega ratioGain probability vs. loss probability

1.44

1.37

+0.07

Calmar ratioReturn relative to maximum drawdown

3.98

3.09

+0.88

Martin ratioReturn relative to average drawdown

12.19

8.78

+3.40

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEMB.L vs. JPEE.L - Sharpe Ratio Comparison

The current SEMB.L Sharpe Ratio is 2.46, which is comparable to the JPEE.L Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of SEMB.L and JPEE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SEMB.LJPEE.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

2.05

+0.41

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

0.34

+0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.28

+0.54

Drawdowns

SEMB.L vs. JPEE.L - Drawdown Comparison

The maximum SEMB.L drawdown since its inception was -21.74%, which is greater than JPEE.L's maximum drawdown of -19.75%. Use the drawdown chart below to compare losses from any high point for SEMB.L and JPEE.L.

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Drawdown Indicators

SEMB.LJPEE.LDifference

Max Drawdown

Largest peak-to-trough decline

-21.74%

-19.75%

-1.99%

Max Drawdown (1Y)

Largest decline over 1 year

-3.69%

-4.03%

+0.34%

Max Drawdown (3Y)

Largest decline over 3 years

-8.69%

-8.89%

+0.20%

Max Drawdown (5Y)

Largest decline over 5 years

-13.70%

-14.29%

+0.59%

Max Drawdown (10Y)

Largest decline over 10 years

-20.43%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.52%

-7.47%

+2.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.21%

1.42%

-0.21%

Volatility

SEMB.L vs. JPEE.L - Volatility Comparison

iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.L) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) have volatilities of 1.77% and 1.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SEMB.LJPEE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.77%

1.81%

-0.04%

Volatility (6M)

Calculated over the trailing 6-month period

4.41%

4.39%

+0.02%

Volatility (1Y)

Calculated over the trailing 1-year period

5.96%

6.08%

-0.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.76%

8.90%

-0.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.67%

10.20%

+0.47%

SEMB.L vs. JPEE.L - Expense Ratio Comparison

Both SEMB.L and JPEE.L have an expense ratio of 0.45%.

Dividends

SEMB.L vs. JPEE.L - Dividend Comparison

SEMB.L's dividend yield for the trailing twelve months is around 7.83%, while JPEE.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
JPEE.L
iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SEMB.L
iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)		7.83%7.87%7.27%7.21%6.70%5.35%5.28%6.25%6.15%6.48%6.88%7.10%

Frequently Asked Questions

SEMB.L and JPEE.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

SEMB.L and JPEE.L have the same expense ratio: 0.45% per year.

Both ETFs track JPM EMBI Global Diversified TR USD.

Portfolio Optimizer

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