SNAZ.DE vs. JPBM.DE
SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) and JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) are both Emerging Markets Bonds funds - SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged) while JPBM.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, SNAZ.DE returned -0.08%/yr vs 2.18%/yr for JPBM.DE. At a 0.35 correlation, their price movements are largely independent. SNAZ.DE charges 0.53%/yr vs 0.39%/yr for JPBM.DE.
Performance
SNAZ.DE vs. JPBM.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SNAZ.DE achieves a 0.98% return, which is significantly lower than JPBM.DE's 4.83% return.
SNAZ.DE
- 1D
- 0.39%
- 1M
- 0.39%
- 6M
- 0.98%
- YTD
- 0.98%
- 1Y
- 4.05%
- 3Y*
- 5.08%
- 5Y*
- -0.08%
- 10Y*
- —
JPBM.DE
- 1D
- -0.15%
- 1M
- 1.85%
- 6M
- 4.96%
- YTD
- 4.83%
- 1Y
- 12.07%
- 3Y*
- 5.88%
- 5Y*
- 2.18%
- 10Y*
- —
SNAZ.DE vs. JPBM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.98% | 6.26% | 4.36% | 5.28% | -14.17% | -1.55% | 5.52% |
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 4.83% | 0.87% | 7.74% | 5.71% | -10.77% | 5.50% | -5.85% |
Correlation
The correlation between SNAZ.DE and JPBM.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.35 |
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
SNAZ.DE vs. JPBM.DE — Risk / Return Rank
SNAZ.DE
JPBM.DE
SNAZ.DE vs. JPBM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) and JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.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.
| SNAZ.DE | JPBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 3.92 | -2.53 |
| Martin ratioReturn relative to average drawdown | 5.14 | 11.44 | -6.30 |
Loading charts...
Drawdowns
SNAZ.DE vs. JPBM.DE - Drawdown Comparison
The maximum SNAZ.DE drawdown since its inception was -21.88%, smaller than the maximum JPBM.DE drawdown of -25.94%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and JPBM.DE.
Loading charts...
Drawdown Indicators
| SNAZ.DE | JPBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -25.94% | +4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -3.07% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -12.49% | +8.67% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -14.10% | -7.78% |
Current DrawdownCurrent decline from peak | -1.34% | -1.03% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -9.25% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.05% | -0.26% |
Volatility
SNAZ.DE vs. JPBM.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) is 0.91%, while JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) has a volatility of 1.65%. This indicates that SNAZ.DE experiences smaller price fluctuations and is considered to be less risky than JPBM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SNAZ.DE | JPBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.65% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 4.08% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 5.93% | -2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 8.48% | -3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 14.87% | -7.22% |
SNAZ.DE vs. JPBM.DE - Expense Ratio Comparison
SNAZ.DE has a 0.53% expense ratio, which is higher than JPBM.DE's 0.39% expense ratio.
Dividends
SNAZ.DE vs. JPBM.DE - Dividend Comparison
SNAZ.DE has not paid dividends to shareholders, while JPBM.DE's dividend yield for the trailing twelve months is around 5.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 5.69% | 6.24% | 5.67% | 5.42% | 5.58% | 3.96% | 4.40% | 4.40% | 4.04% |
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SNAZ.DE and JPBM.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPBM.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPBM.DE is cheaper with a 0.39% expense ratio, compared with 0.53% for SNAZ.DE.
SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged), while JPBM.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.53% for SNAZ.DE and 0.39% for JPBM.DE.
Find the right allocation for SNAZ.DE and JPBM.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