SYBM.DE vs. JMBE.DE
SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) are both Emerging Markets Bonds funds - SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond while JMBE.DE tracks the JPM EMBI Global Diversified Hedge TR EUR. Both are passively managed. Over the past 5 years, SYBM.DE returned 1.45%/yr vs -0.64%/yr for JMBE.DE. At a 0.33 correlation, their price movements are largely independent. SYBM.DE charges 0.55%/yr vs 0.39%/yr for JMBE.DE.
Performance
SYBM.DE vs. JMBE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBM.DE achieves a 0.49% return, which is significantly lower than JMBE.DE's 0.85% return.
SYBM.DE
- 1D
- -0.05%
- 1M
- -0.24%
- YTD
- 0.49%
- 6M
- 0.42%
- 1Y
- 3.27%
- 3Y*
- 2.54%
- 5Y*
- 1.45%
- 10Y*
- 1.75%
JMBE.DE
- 1D
- 0.23%
- 1M
- 0.29%
- YTD
- 0.85%
- 6M
- 0.94%
- 1Y
- 8.57%
- 3Y*
- 5.74%
- 5Y*
- -0.64%
- 10Y*
- —
SYBM.DE vs. JMBE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 0.49% | 2.47% | 3.13% | 5.78% | -4.57% | -0.95% | -5.71% | 14.77% | 2.56% |
JMBE.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) | 0.85% | 11.00% | 0.03% | 7.01% | -18.34% | -3.60% | 3.18% | 15.07% | -1.11% |
Correlation
The correlation between SYBM.DE and JMBE.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 | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.33 |
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Return for Risk
SYBM.DE vs. JMBE.DE — Risk / Return Rank
SYBM.DE
JMBE.DE
SYBM.DE vs. JMBE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) and JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.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.
| SYBM.DE | JMBE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.28 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.78 | -0.91 |
| Martin ratioReturn relative to average drawdown | 2.69 | 7.10 | -4.42 |
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
| SYBM.DE | JMBE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.53 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | -0.07 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.14 | +0.10 |
Drawdowns
SYBM.DE vs. JMBE.DE - Drawdown Comparison
The maximum SYBM.DE drawdown since its inception was -19.16%, smaller than the maximum JMBE.DE drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for SYBM.DE and JMBE.DE.
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Drawdown Indicators
| SYBM.DE | JMBE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -28.19% | +9.03% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -4.73% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -7.62% | -7.78% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -27.72% | +19.08% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | — | — |
Current DrawdownCurrent decline from peak | -3.09% | -5.72% | +2.63% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -10.41% | +3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.19% | +0.07% |
Volatility
SYBM.DE vs. JMBE.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) is 1.51%, while JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE) has a volatility of 1.91%. This indicates that SYBM.DE experiences smaller price fluctuations and is considered to be less risky than JMBE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBM.DE | JMBE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.91% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 4.57% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 5.54% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 8.54% | -1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 9.66% | -1.84% |
SYBM.DE vs. JMBE.DE - Expense Ratio Comparison
SYBM.DE has a 0.55% expense ratio, which is higher than JMBE.DE's 0.39% expense ratio.
Dividends
SYBM.DE vs. JMBE.DE - Dividend Comparison
SYBM.DE's dividend yield for the trailing twelve months is around 5.07%, while JMBE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMBE.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (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% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 5.07% | 5.01% | 4.77% | 4.21% | 4.29% | 3.89% | 4.12% | 4.34% | 4.13% | 5.01% | 4.30% | 5.26% |
Frequently Asked Questions
SYBM.DE and JMBE.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, JMBE.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMBE.DE is cheaper with a 0.39% expense ratio, compared with 0.55% for SYBM.DE.
SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond, while JMBE.DE tracks JPM EMBI Global Diversified Hedge TR EUR. They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.55% for SYBM.DE and 0.39% for JMBE.DE.
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