SGEA.L vs. JPEE.L
SGEA.L (iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist)) and JPEE.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds from iShares - SGEA.L tracks the Bloomberg Emerging Markets Asia Local Currency Government Country Capped Index while JPEE.L tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, SGEA.L returned -0.08%/yr vs 2.24%/yr for JPEE.L. A 0.56 correlation means they provide meaningful diversification when combined. SGEA.L charges 0.50%/yr vs 0.45%/yr for JPEE.L.
Performance
SGEA.L vs. JPEE.L - Performance Comparison
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Different Trading Currencies
SGEA.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, SGEA.L achieves a -5.97% return, which is significantly lower than JPEE.L's 2.01% return.
SGEA.L
- 1D
- 0.43%
- 1M
- -1.31%
- 6M
- -2.76%
- YTD
- -5.97%
- 1Y
- -6.24%
- 3Y*
- -0.41%
- 5Y*
- -0.08%
- 10Y*
- 0.83%
- ALL TIME*
- -0.71%
JPEE.L
- 1D
- 0.00%
- 1M
- -2.18%
- 6M
- 2.52%
- YTD
- 2.01%
- 1Y
- 9.50%
- 3Y*
- 7.15%
- 5Y*
- 2.24%
- 10Y*
- —
- ALL TIME*
- 1.54%
SGEA.L vs. JPEE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGEA.L iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | -5.97% | -1.01% | 3.19% | -0.97% | 3.25% | -3.19% | 5.39% | 5.58% | 3.87% | -0.82% |
JPEE.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.01% | 6.06% | 7.50% | 4.43% | -8.96% | -0.44% | 1.97% | 11.44% | 0.06% | -7.95% |
Correlation
The correlation between SGEA.L and JPEE.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2017 | 0.57 |
The correlation between SGEA.L and JPEE.L shifts across timeframes, from 0.49 (5 years) to 0.61 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGEA.L vs. JPEE.L — Risk / Return Rank
SGEA.L
JPEE.L
SGEA.L vs. JPEE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (SGEA.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.
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.
| SGEA.L | JPEE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.65 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.28 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 2.37 | -3.09 |
| Martin ratioReturn relative to average drawdown | -1.30 | 6.27 | -7.57 |
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Drawdowns
SGEA.L vs. JPEE.L - Drawdown Comparison
The maximum SGEA.L drawdown since its inception was -40.80%, which is greater than JPEE.L's maximum drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for SGEA.L and JPEE.L.
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Drawdown Indicators
| SGEA.L | JPEE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.80% | -25.54% | -15.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -4.03% | -4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -10.30% | -8.89% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -10.30% | -14.29% | +3.99% |
Max Drawdown (10Y)Largest decline over 10 years | -12.02% | — | — |
Current DrawdownCurrent decline from peak | -9.69% | -2.64% | -7.05% |
Average DrawdownAverage peak-to-trough decline | -17.31% | -11.20% | -6.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.97% | 1.52% | +3.45% |
Volatility
SGEA.L vs. JPEE.L - Volatility Comparison
iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (SGEA.L) has a higher volatility of 1.81% compared to iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) at 1.48%. This indicates that SGEA.L's price experiences larger fluctuations and is considered to be riskier than JPEE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGEA.L | JPEE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 1.48% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 4.60% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 6.26% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.97% | 8.85% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.02% | 11.58% | -3.56% |
SGEA.L vs. JPEE.L - Expense Ratio Comparison
SGEA.L has a 0.50% expense ratio, which is higher than JPEE.L's 0.45% expense ratio.
Dividends
SGEA.L vs. JPEE.L - Dividend Comparison
SGEA.L's dividend yield for the trailing twelve months is around 1.76%, while JPEE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SGEA.L iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | 1.76% | 3.40% | 3.00% | 2.90% | 2.81% | 2.37% | 2.97% | 2.55% | 2.46% | 2.17% | 2.65% | 1.11% |
Frequently Asked Questions
SGEA.L and JPEE.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPEE.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPEE.L is cheaper with a 0.45% expense ratio, compared with 0.50% for SGEA.L.
SGEA.L tracks Bloomberg Emerging Markets Asia Local Currency Government Country Capped Index, while JPEE.L tracks JPM EMBI Global Diversified TR USD. Their fees differ too: 0.50% for SGEA.L and 0.45% for JPEE.L.
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