UEFS.DE vs. JPBM.DE
UEFS.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist) and JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) are both Emerging Markets Bonds funds - UEFS.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped while JPBM.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, UEFS.DE returned 3.30%/yr vs 1.97%/yr for JPBM.DE. Their correlation of 0.90 suggests significant overlap in exposure. UEFS.DE charges 0.25%/yr vs 0.39%/yr for JPBM.DE.
Performance
UEFS.DE vs. JPBM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEFS.DE achieves a 3.71% return, which is significantly higher than JPBM.DE's 2.71% return.
UEFS.DE
- 1D
- -0.03%
- 1M
- 1.91%
- YTD
- 3.71%
- 6M
- 3.67%
- 1Y
- 11.43%
- 3Y*
- 8.56%
- 5Y*
- 3.30%
- 10Y*
- 3.55%
JPBM.DE
- 1D
- 0.15%
- 1M
- 1.65%
- YTD
- 2.71%
- 6M
- 1.99%
- 1Y
- 8.34%
- 3Y*
- 4.41%
- 5Y*
- 1.97%
- 10Y*
- —
UEFS.DE vs. JPBM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 3.71% | 2.37% | 13.84% | 8.28% | -14.67% | 5.66% | -4.70% | 17.07% | 4.61% |
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 2.71% | 0.17% | 7.28% | 5.27% | -10.98% | 4.83% | -4.56% | 20.72% | 1.99% |
Correlation
The correlation between UEFS.DE and JPBM.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2018 | 0.90 |
The correlation between UEFS.DE and JPBM.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
UEFS.DE vs. JPBM.DE — Risk / Return Rank
UEFS.DE
JPBM.DE
UEFS.DE vs. JPBM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.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.
| UEFS.DE | JPBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.26 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 2.66 | +1.30 |
| Martin ratioReturn relative to average drawdown | 12.59 | 7.31 | +5.28 |
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
| UEFS.DE | JPBM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 1.43 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.23 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.30 | +0.14 |
Drawdowns
UEFS.DE vs. JPBM.DE - Drawdown Comparison
The maximum UEFS.DE drawdown since its inception was -24.26%, smaller than the maximum JPBM.DE drawdown of -25.97%. Use the drawdown chart below to compare losses from any high point for UEFS.DE and JPBM.DE.
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Drawdown Indicators
| UEFS.DE | JPBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.26% | -25.97% | +1.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -3.12% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -13.70% | -12.56% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -17.84% | -14.31% | -3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -24.26% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -2.60% | +2.57% |
Average DrawdownAverage peak-to-trough decline | -7.41% | -8.34% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.14% | -0.23% |
Volatility
UEFS.DE vs. JPBM.DE - Volatility Comparison
UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.DE) has a higher volatility of 1.27% compared to JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) at 1.12%. This indicates that UEFS.DE's price experiences larger fluctuations and is considered to be riskier 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
| UEFS.DE | JPBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.12% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 3.98% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.76% | 5.81% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.69% | 8.51% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.37% | 9.71% | -0.34% |
UEFS.DE vs. JPBM.DE - Expense Ratio Comparison
UEFS.DE has a 0.25% expense ratio, which is lower than JPBM.DE's 0.39% expense ratio.
Dividends
UEFS.DE vs. JPBM.DE - Dividend Comparison
UEFS.DE's dividend yield for the trailing twelve months is around 6.50%, more than JPBM.DE's 5.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JPBM.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) | 5.09% | 5.54% | 5.26% | 5.00% | 5.33% | 3.35% | 3.87% | 3.92% | 2.69% | 0.00% | 0.00% |
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 6.50% | 7.96% | 6.14% | 6.46% | 6.08% | 4.22% | 5.09% | 4.60% | 4.53% | 4.90% | 2.30% |
Frequently Asked Questions
With a correlation of 0.91, UEFS.DE and JPBM.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, UEFS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEFS.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for JPBM.DE.
UEFS.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped, while JPBM.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: UBS and JPMorgan. Their fees differ too: 0.25% for UEFS.DE and 0.39% for JPBM.DE.
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