SYBM.DE vs. JPBM.DE
SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) are both Emerging Markets Bonds funds - SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond while JPBM.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, SYBM.DE returned 1.85%/yr vs 2.48%/yr for JPBM.DE. At a 0.47 correlation, their price movements are largely independent. SYBM.DE charges 0.55%/yr vs 0.39%/yr for JPBM.DE.
Performance
SYBM.DE vs. JPBM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBM.DE achieves a 2.85% return, which is significantly lower than JPBM.DE's 5.35% return.
SYBM.DE
- 1D
- 0.18%
- 1M
- 2.30%
- YTD
- 2.85%
- 6M
- 3.55%
- 1Y
- 6.48%
- 3Y*
- 3.71%
- 5Y*
- 1.85%
- 10Y*
- 1.62%
JPBM.DE
- 1D
- -0.11%
- 1M
- 3.13%
- YTD
- 5.35%
- 6M
- 5.63%
- 1Y
- 13.12%
- 3Y*
- 6.39%
- 5Y*
- 2.48%
- 10Y*
- —
SYBM.DE vs. JPBM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 2.85% | 2.48% | 3.06% | 5.79% | -4.56% | -0.97% | -5.72% | 14.76% | -0.41% |
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 5.35% | 0.87% | 7.74% | 5.71% | -10.77% | 5.50% | -4.06% | 21.24% | -15.26% |
Correlation
The correlation between SYBM.DE and JPBM.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.47 |
The correlation between SYBM.DE and JPBM.DE shifts across timeframes, from 0.47 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SYBM.DE vs. JPBM.DE — Risk / Return Rank
SYBM.DE
JPBM.DE
SYBM.DE vs. JPBM.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 - 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.
| SYBM.DE | JPBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 4.26 | -2.61 |
| Martin ratioReturn relative to average drawdown | 5.02 | 12.50 | -7.48 |
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Drawdowns
SYBM.DE vs. JPBM.DE - Drawdown Comparison
The maximum SYBM.DE drawdown since its inception was -31.70%, which is greater than JPBM.DE's maximum drawdown of -25.94%. Use the drawdown chart below to compare losses from any high point for SYBM.DE and JPBM.DE.
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Drawdown Indicators
| SYBM.DE | JPBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -25.94% | -5.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -3.07% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -7.60% | -12.49% | +4.89% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -14.10% | +5.46% |
Max Drawdown (10Y)Largest decline over 10 years | -16.37% | — | — |
Current DrawdownCurrent decline from peak | -4.80% | -0.54% | -4.26% |
Average DrawdownAverage peak-to-trough decline | -17.17% | -9.27% | -7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.05% | +0.24% |
Volatility
SYBM.DE vs. JPBM.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) is 1.05%, while JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) has a volatility of 1.55%. This indicates that SYBM.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.
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Volatility by Period
| SYBM.DE | JPBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.55% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 4.30% | 4.13% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.09% | 5.93% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.69% | 8.49% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.69% | 14.89% | -7.20% |
SYBM.DE vs. JPBM.DE - Expense Ratio Comparison
SYBM.DE has a 0.55% expense ratio, which is higher than JPBM.DE's 0.39% expense ratio.
Dividends
SYBM.DE vs. JPBM.DE - Dividend Comparison
SYBM.DE's dividend yield for the trailing twelve months is around 4.96%, less than JPBM.DE's 5.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 5.66% | 6.24% | 5.67% | 5.42% | 5.58% | 3.96% | 4.40% | 4.40% | 4.04% | 0.00% | 0.00% | 0.00% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 4.96% | 5.01% | 4.74% | 4.21% | 4.29% | 3.90% | 4.12% | 4.34% | 4.13% | 5.01% | 4.30% | 5.26% |
Frequently Asked Questions
SYBM.DE and JPBM.DE have a correlation of 0.58, 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 0.55% for SYBM.DE.
SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond, while JPBM.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.55% for SYBM.DE and 0.39% for JPBM.DE.
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