XUEB.L vs. JPEA.L
XUEB.L (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) and JPEA.L (iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)) are both Emerging Markets Bonds funds - XUEB.L tracks the JPM EMBI Global Diversified TR USD while JPEA.L tracks the J.P. Morgan EMBI Global Core Index. Both are passively managed. Over the past 3 years, XUEB.L returned 10.31%/yr vs 9.82%/yr for JPEA.L. Their correlation of 0.93 suggests significant overlap in exposure. XUEB.L charges 0.25%/yr vs 0.45%/yr for JPEA.L.
Performance
XUEB.L vs. JPEA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XUEB.L achieves a 2.70% return, which is significantly higher than JPEA.L's 1.83% return.
XUEB.L
- 1D
- 0.35%
- 1M
- 1.05%
- YTD
- 2.70%
- 6M
- 3.15%
- 1Y
- 12.65%
- 3Y*
- 10.31%
- 5Y*
- —
- 10Y*
- —
JPEA.L
- 1D
- 0.26%
- 1M
- 1.07%
- YTD
- 1.83%
- 6M
- 2.37%
- 1Y
- 11.43%
- 3Y*
- 9.82%
- 5Y*
- 1.96%
- 10Y*
- —
XUEB.L vs. JPEA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XUEB.L Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 2.70% | 13.61% | 6.10% | 11.06% | 5.53% |
JPEA.L iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) | 1.83% | 13.77% | 5.72% | 10.89% | 4.87% |
Correlation
The correlation between XUEB.L and JPEA.L is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.93 |
The correlation between XUEB.L and JPEA.L has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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
XUEB.L vs. JPEA.L — Risk / Return Rank
XUEB.L
JPEA.L
XUEB.L vs. JPEA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.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.
| XUEB.L | JPEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 2.57 | +0.50 |
| Martin ratioReturn relative to average drawdown | 12.93 | 11.00 | +1.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XUEB.L | JPEA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 2.03 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.29 | +0.87 |
Drawdowns
XUEB.L vs. JPEA.L - Drawdown Comparison
The maximum XUEB.L drawdown since its inception was -14.08%, smaller than the maximum JPEA.L drawdown of -28.64%. Use the drawdown chart below to compare losses from any high point for XUEB.L and JPEA.L.
Loading charts...
Drawdown Indicators
| XUEB.L | JPEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.08% | -28.64% | +14.56% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -4.42% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -7.91% | -7.35% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.64% | — |
Current DrawdownCurrent decline from peak | -0.01% | -0.06% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -6.80% | +4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 1.04% | -0.06% |
Volatility
XUEB.L vs. JPEA.L - Volatility Comparison
Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.L) and iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.L) have volatilities of 1.98% and 1.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XUEB.L | JPEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 1.91% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 4.55% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 5.63% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.60% | 8.88% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.60% | 10.21% | -1.61% |
XUEB.L vs. JPEA.L - Expense Ratio Comparison
XUEB.L has a 0.25% expense ratio, which is lower than JPEA.L's 0.45% expense ratio.
Dividends
XUEB.L vs. JPEA.L - Dividend Comparison
Neither XUEB.L nor JPEA.L has paid dividends to shareholders.
Frequently Asked Questions
XUEB.L and JPEA.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEB.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEB.L is cheaper with a 0.25% expense ratio, compared with 0.45% for JPEA.L.
XUEB.L tracks JPM EMBI Global Diversified TR USD, while JPEA.L tracks J.P. Morgan EMBI Global Core Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XUEB.L and 0.45% for JPEA.L.
Find the right allocation for XUEB.L and JPEA.L
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