XUEE.DE vs. JMBA.DE
XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) and JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) are both Emerging Markets Bonds funds - XUEE.DE tracks the FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged) while JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index. Both are passively managed. Over the past 3 years, XUEE.DE returned 6.75%/yr vs 6.62%/yr for JMBA.DE. A 0.52 correlation means they provide meaningful diversification when combined. XUEE.DE charges 0.40%/yr vs 0.39%/yr for JMBA.DE.
Performance
XUEE.DE vs. JMBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEE.DE achieves a 1.61% return, which is significantly lower than JMBA.DE's 4.33% return.
XUEE.DE
- 1D
- 0.00%
- 1M
- -0.71%
- 6M
- 1.68%
- YTD
- 1.61%
- 1Y
- 8.67%
- 3Y*
- 6.75%
- 5Y*
- —
- 10Y*
- —
JMBA.DE
- 1D
- -0.15%
- 1M
- 0.55%
- 6M
- 3.60%
- YTD
- 4.33%
- 1Y
- 10.91%
- 3Y*
- 6.62%
- 5Y*
- 1.93%
- 10Y*
- —
XUEE.DE vs. JMBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 1.61% | 11.07% | 3.86% | 8.04% | -21.68% | 0.04% |
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.33% | 0.84% | 7.77% | 5.79% | -10.80% | 2.62% |
Correlation
The correlation between XUEE.DE and JMBA.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.52 |
The correlation between XUEE.DE and JMBA.DE shifts across timeframes, from 0.34 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XUEE.DE vs. JMBA.DE — Risk / Return Rank
XUEE.DE
JMBA.DE
XUEE.DE vs. JMBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) and JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.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.
| XUEE.DE | JMBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.39 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.84 | -1.74 |
| Martin ratioReturn relative to average drawdown | 8.41 | 11.71 | -3.30 |
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Drawdowns
XUEE.DE vs. JMBA.DE - Drawdown Comparison
The maximum XUEE.DE drawdown since its inception was -30.69%, which is greater than JMBA.DE's maximum drawdown of -26.66%. Use the drawdown chart below to compare losses from any high point for XUEE.DE and JMBA.DE.
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Drawdown Indicators
| XUEE.DE | JMBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.69% | -26.66% | -4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -4.13% | -3.14% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -8.48% | -12.45% | +3.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.09% | — |
Current DrawdownCurrent decline from peak | -2.52% | -1.40% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -14.17% | -11.27% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.03% | 0.00% |
Volatility
XUEE.DE vs. JMBA.DE - Volatility Comparison
The current volatility for Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) is 1.15%, while JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) has a volatility of 1.53%. This indicates that XUEE.DE experiences smaller price fluctuations and is considered to be less risky than JMBA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUEE.DE | JMBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.53% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 4.24% | 4.11% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.18% | 6.05% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.05% | 8.43% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.05% | 10.70% | -1.65% |
XUEE.DE vs. JMBA.DE - Expense Ratio Comparison
XUEE.DE has a 0.40% expense ratio, which is higher than JMBA.DE's 0.39% expense ratio.
Dividends
XUEE.DE vs. JMBA.DE - Dividend Comparison
XUEE.DE's dividend yield for the trailing twelve months is around 5.01%, while JMBA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 5.01% | 5.41% | 6.51% | 4.80% | 4.74% |
Frequently Asked Questions
XUEE.DE and JMBA.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMBA.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMBA.DE is cheaper with a 0.39% expense ratio, compared with 0.40% for XUEE.DE.
XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged), while JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index. They also come from different issuers: Xtrackers and JPMorgan. Their fees differ too: 0.40% for XUEE.DE and 0.39% for JMBA.DE.
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