SEMC.L vs. JMBP.L
SEMC.L (UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis) and JMBP.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist)) are both Emerging Markets Bonds funds - SEMC.L tracks the JPM EMBI Global Diversified TR USD while JMBP.L tracks the JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged). Both are passively managed. Over the past 5 years, SEMC.L returned 4.04%/yr vs 0.77%/yr for JMBP.L. At a correlation of -0.02, they often move in opposite directions. SEMC.L charges 0.42%/yr vs 0.39%/yr for JMBP.L.
Performance
SEMC.L vs. JMBP.L - Performance Comparison
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Different Trading Currencies
SEMC.L is traded in GBp, while JMBP.L is traded in GBP. To make them comparable, the JMBP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SEMC.L achieves a 2.30% return, which is significantly higher than JMBP.L's 1.62% return.
SEMC.L
- 1D
- 0.03%
- 1M
- 1.31%
- YTD
- 2.30%
- 6M
- 2.17%
- 1Y
- 9.29%
- 3Y*
- 5.66%
- 5Y*
- 4.04%
- 10Y*
- —
JMBP.L
- 1D
- 0.24%
- 1M
- 1.00%
- YTD
- 1.62%
- 6M
- 1.99%
- 1Y
- 10.82%
- 3Y*
- 7.54%
- 5Y*
- 0.77%
- 10Y*
- —
SEMC.L vs. JMBP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SEMC.L UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis | 2.30% | 2.50% | 9.09% | 2.06% | 0.58% | 1.54% | -0.46% | 0.85% |
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) | 1.62% | 13.12% | 1.60% | 8.37% | -17.57% | -2.86% | 3.66% | 2.41% |
Correlation
The correlation between SEMC.L and JMBP.L is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2019 | -0.02 |
The correlation between SEMC.L and JMBP.L shifts across timeframes, from -0.15 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SEMC.L vs. JMBP.L — Risk / Return Rank
SEMC.L
JMBP.L
SEMC.L vs. JMBP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis (SEMC.L) and JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.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.
| SEMC.L | JMBP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.38 | +0.31 |
| Martin ratioReturn relative to average drawdown | 7.88 | 10.19 | -2.30 |
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
| SEMC.L | JMBP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.99 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.09 | +0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.11 | +0.24 |
Drawdowns
SEMC.L vs. JMBP.L - Drawdown Comparison
The maximum SEMC.L drawdown since its inception was -12.52%, smaller than the maximum JMBP.L drawdown of -27.19%. Use the drawdown chart below to compare losses from any high point for SEMC.L and JMBP.L.
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Drawdown Indicators
| SEMC.L | JMBP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.52% | -27.19% | +14.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -4.52% | +1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -7.69% | -7.61% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -11.89% | -26.88% | +14.99% |
Current DrawdownCurrent decline from peak | -0.29% | -0.08% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -9.99% | +5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 1.06% | +0.12% |
Volatility
SEMC.L vs. JMBP.L - Volatility Comparison
The current volatility for UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis (SEMC.L) is 1.50%, while JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) has a volatility of 1.96%. This indicates that SEMC.L experiences smaller price fluctuations and is considered to be less risky than JMBP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEMC.L | JMBP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.96% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 4.53% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.74% | 5.44% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.61% | 8.49% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.18% | 10.58% | -2.40% |
SEMC.L vs. JMBP.L - Expense Ratio Comparison
SEMC.L has a 0.42% expense ratio, which is higher than JMBP.L's 0.39% expense ratio.
Dividends
SEMC.L vs. JMBP.L - Dividend Comparison
SEMC.L's dividend yield for the trailing twelve months is around 5.78%, which matches JMBP.L's 5.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) | 5.75% | 5.61% | 5.83% | 5.24% | 5.16% | 3.70% | 4.42% | 0.00% | 0.00% |
SEMC.L UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis | 5.78% | 6.51% | 5.02% | 5.04% | 3.98% | 3.97% | 4.77% | 5.18% | 1.98% |
Frequently Asked Questions
SEMC.L and JMBP.L have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMBP.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMBP.L is cheaper with a 0.39% expense ratio, compared with 0.42% for SEMC.L.
SEMC.L tracks JPM EMBI Global Diversified TR USD, while JMBP.L tracks JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged). They also come from different issuers: UBS and JPMorgan. Their fees differ too: 0.42% for SEMC.L and 0.39% for JMBP.L.
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