SLMG.DE vs. JMBA.DE
SLMG.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc) and JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) are both Emerging Markets Bonds funds - SLMG.DE tracks the JP Morgan ESG EMBI Global Diversified (EUR Hedged) while JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index. Both are passively managed. Over the past 5 years, SLMG.DE returned -1.01%/yr vs 1.93%/yr for JMBA.DE. At a 0.49 correlation, their price movements are largely independent. SLMG.DE charges 0.50%/yr vs 0.39%/yr for JMBA.DE.
Performance
SLMG.DE vs. JMBA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SLMG.DE achieves a 0.61% return, which is significantly lower than JMBA.DE's 4.34% return.
SLMG.DE
- 1D
- 0.00%
- 1M
- -1.00%
- 6M
- 0.61%
- YTD
- 0.61%
- 1Y
- 6.88%
- 3Y*
- 5.86%
- 5Y*
- -1.01%
- 10Y*
- —
JMBA.DE
- 1D
- 0.15%
- 1M
- 0.65%
- 6M
- 3.04%
- YTD
- 4.34%
- 1Y
- 10.59%
- 3Y*
- 6.42%
- 5Y*
- 1.93%
- 10Y*
- —
SLMG.DE vs. JMBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SLMG.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc | 0.61% | 10.76% | 3.24% | 7.20% | -21.29% | -3.94% | 3.70% | 2.59% |
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.34% | 0.84% | 7.77% | 5.79% | -10.80% | 5.58% | -4.14% | -7.72% |
Correlation
The correlation between SLMG.DE and JMBA.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.49 |
Over the past year, the correlation between SLMG.DE and JMBA.DE has dropped to 0.28 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SLMG.DE vs. JMBA.DE — Risk / Return Rank
SLMG.DE
JMBA.DE
SLMG.DE vs. JMBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.DE) and JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.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.
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.
| SLMG.DE | JMBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.35 | -1.92 |
| Martin ratioReturn relative to average drawdown | 5.57 | 10.21 | -4.63 |
Loading charts...
Drawdowns
SLMG.DE vs. JMBA.DE - Drawdown Comparison
The maximum SLMG.DE drawdown since its inception was -31.14%, which is greater than JMBA.DE's maximum drawdown of -26.66%. Use the drawdown chart below to compare losses from any high point for SLMG.DE and JMBA.DE.
Loading charts...
Drawdown Indicators
| SLMG.DE | JMBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.14% | -26.66% | -4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.78% | -3.14% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -8.08% | -12.45% | +4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -30.75% | -14.09% | -16.66% |
Current DrawdownCurrent decline from peak | -6.75% | -1.39% | -5.36% |
Average DrawdownAverage peak-to-trough decline | -12.71% | -11.27% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.04% | +0.19% |
Volatility
SLMG.DE vs. JMBA.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.DE) is 1.03%, while JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) has a volatility of 1.13%. This indicates that SLMG.DE experiences smaller price fluctuations and is considered to be less risky than JMBA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SLMG.DE | JMBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.13% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.79% | 4.03% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.73% | 5.96% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.48% | 8.43% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.25% | 10.70% | -0.45% |
SLMG.DE vs. JMBA.DE - Expense Ratio Comparison
SLMG.DE has a 0.50% expense ratio, which is higher than JMBA.DE's 0.39% expense ratio.
Dividends
SLMG.DE vs. JMBA.DE - Dividend Comparison
Neither SLMG.DE nor JMBA.DE has paid dividends to shareholders.
Frequently Asked Questions
SLMG.DE and JMBA.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMBA.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMBA.DE is cheaper with a 0.39% expense ratio, compared with 0.50% for SLMG.DE.
SLMG.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged), while JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.50% for SLMG.DE and 0.39% for JMBA.DE.
Find the right allocation for SLMG.DE and JMBA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer