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UBXX.L vs. JPEA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UBXX.L vs. JPEA.L

Last updated Jun 5, 2026

UBXX.L (UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis) and JPEA.L (iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)) are both Emerging Markets Bonds funds - UBXX.L tracks the J.P. Morgan EMBI Global Diversified 1-5 Year Index while JPEA.L tracks the J.P. Morgan EMBI Global Core Index. Both are passively managed. Over the past 5 years, UBXX.L returned 2.38%/yr vs 3.06%/yr for JPEA.L. At a 0.38 correlation, their price movements are largely independent. UBXX.L charges 0.47%/yr vs 0.45%/yr for JPEA.L.

Performance

UBXX.L vs. JPEA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.L) and iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

UBXX.L is traded in GBp, while JPEA.L is traded in USD. To make them comparable, the JPEA.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, UBXX.L achieves a 2.14% return, which is significantly lower than JPEA.L's 2.25% return.

UBXX.L

1D
0.01%
1M
0.40%
YTD
2.14%
6M
2.65%
1Y
8.00%
3Y*
8.13%
5Y*
2.38%
10Y*
—

JPEA.L

1D
0.26%
1M
2.00%
YTD
2.25%
6M
1.66%
1Y
12.51%
3Y*
7.07%
5Y*
3.06%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

UBXX.L vs. JPEA.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
UBXX.L
UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis		2.14%9.71%7.01%7.14%-11.07%-0.10%1.69%5.94%-1.40%
JPEA.L
iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)		2.21%5.66%7.56%5.35%-8.87%-1.27%2.28%11.50%5.50%

Correlation

The correlation between UBXX.L and JPEA.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.25

Correlation (3Y)
Calculated over the trailing 3-year period

0.40

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Mar 5, 2018

0.38

The correlation between UBXX.L and JPEA.L shifts across timeframes, from 0.25 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis

iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)

Often compared with UBXX.L:
UBXX.L vs. VEMA.LUBXX.L vs. SEMC.LUBXX.L vs. JPBM.LUBXX.L vs. EMLI.LUBXX.L vs. EMBE.LUBXX.L vs. SBEM.LUBXX.L vs. EMDG.L
Often compared with JPEA.L:
JPEA.L vs. IEMB.LJPEA.L vs. JMAB.LJPEA.L vs. XUEB.LJPEA.L vs. EMLI.LJPEA.L vs. EMBE.LJPEA.L vs. SEMB.LJPEA.L vs. SEMC.L

Return for Risk

UBXX.L vs. JPEA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UBXX.L
UBXX.L Risk / Return Rank: 8888
Overall Rank
UBXX.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
UBXX.L Sortino Ratio Rank: 9393
Sortino Ratio Rank
UBXX.L Omega Ratio Rank: 9292
Omega Ratio Rank
UBXX.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
UBXX.L Martin Ratio Rank: 8888
Martin Ratio Rank
JPEA.L
JPEA.L Risk / Return Rank: 6363
Overall Rank
JPEA.L Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
JPEA.L Sortino Ratio Rank: 7272
Sortino Ratio Rank
JPEA.L Omega Ratio Rank: 6666
Omega Ratio Rank
JPEA.L Calmar Ratio Rank: 5353
Calmar Ratio Rank
JPEA.L Martin Ratio Rank: 6262
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UBXX.L vs. JPEA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.L) and iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.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.

UBXX.LJPEA.LDifference
Sharpe ratioReturn per unit of total volatility
2.81
1.75

+1.06

Sortino ratioReturn per unit of downside risk
4.49
2.51

+1.98

Omega ratioGain probability vs. loss probability

1.61

1.31

+0.30

Calmar ratioReturn relative to maximum drawdown

4.13

2.77

+1.35

Martin ratioReturn relative to average drawdown

19.08

8.06

+11.02

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UBXX.L vs. JPEA.L - Sharpe Ratio Comparison

The current UBXX.L Sharpe Ratio is 2.81, which is higher than the JPEA.L Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of UBXX.L and JPEA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

UBXX.LJPEA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.81

1.75

+1.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.56

0.32

+0.24

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.20

+0.28

Drawdowns

UBXX.L vs. JPEA.L - Drawdown Comparison

The maximum UBXX.L drawdown since its inception was -16.83%, smaller than the maximum JPEA.L drawdown of -21.10%. Use the drawdown chart below to compare losses from any high point for UBXX.L and JPEA.L.

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Drawdown Indicators

UBXX.LJPEA.LDifference

Max Drawdown

Largest peak-to-trough decline

-16.83%

-21.10%

+4.27%

Max Drawdown (1Y)

Largest decline over 1 year

-1.93%

-4.49%

+2.56%

Max Drawdown (3Y)

Largest decline over 3 years

-2.59%

-9.34%

+6.75%

Max Drawdown (5Y)

Largest decline over 5 years

-16.83%

-14.61%

-2.22%

Current Drawdown

Current decline from peak

-0.07%

0.00%

-0.07%

Average Drawdown

Average peak-to-trough decline

-3.72%

-7.35%

+3.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.42%

1.55%

-1.13%

Volatility

UBXX.L vs. JPEA.L - Volatility Comparison

The current volatility for UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.L) is 0.67%, while iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.L) has a volatility of 2.39%. This indicates that UBXX.L experiences smaller price fluctuations and is considered to be less risky than JPEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UBXX.LJPEA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.67%

2.39%

-1.72%

Volatility (6M)

Calculated over the trailing 6-month period

2.32%

5.76%

-3.44%

Volatility (1Y)

Calculated over the trailing 1-year period

2.85%

7.13%

-4.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.25%

9.51%

-5.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.96%

11.11%

-6.15%

UBXX.L vs. JPEA.L - Expense Ratio Comparison

UBXX.L has a 0.47% expense ratio, which is higher than JPEA.L's 0.45% expense ratio.

Dividends

UBXX.L vs. JPEA.L - Dividend Comparison

UBXX.L's dividend yield for the trailing twelve months is around 6.47%, while JPEA.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
JPEA.L
iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UBXX.L
UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis		6.47%25.71%7.05%4.76%4.40%3.91%4.43%6.18%0.21%

Frequently Asked Questions

UBXX.L and JPEA.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, JPEA.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

JPEA.L is cheaper with a 0.45% expense ratio, compared with 0.47% for UBXX.L.

UBXX.L tracks J.P. Morgan EMBI Global Diversified 1-5 Year Index, while JPEA.L tracks J.P. Morgan EMBI Global Core Index. They also come from different issuers: UBS and iShares. Their fees differ too: 0.47% for UBXX.L and 0.45% for JPEA.L.

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