XUEM.DE vs. JMBA.DE
XUEM.DE (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) and JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) are both Emerging Markets Bonds funds - XUEM.DE tracks the JPM EMBI Global Diversified TR USD while JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index. Both are passively managed. Over the past 5 years, XUEM.DE returned 2.37%/yr vs 1.93%/yr for JMBA.DE. Their correlation of 0.90 suggests significant overlap in exposure. XUEM.DE charges 0.25%/yr vs 0.39%/yr for JMBA.DE.
Performance
XUEM.DE vs. JMBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEM.DE achieves a 5.37% return, which is significantly higher than JMBA.DE's 4.33% return.
XUEM.DE
- 1D
- -0.19%
- 1M
- 0.67%
- 6M
- 4.45%
- YTD
- 5.37%
- 1Y
- 12.57%
- 3Y*
- 8.38%
- 5Y*
- 2.37%
- 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*
- —
XUEM.DE vs. JMBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 5.37% | 1.05% | 12.16% | 7.17% | -14.21% | 5.47% | -6.15% | 2.66% |
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.33% | 0.84% | 7.77% | 5.79% | -10.80% | 5.58% | -4.14% | -7.72% |
Correlation
The correlation between XUEM.DE and JMBA.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.90 |
The correlation between XUEM.DE and JMBA.DE has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
XUEM.DE vs. JMBA.DE — Risk / Return Rank
XUEM.DE
JMBA.DE
XUEM.DE vs. JMBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.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.
| XUEM.DE | JMBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.39 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.66 | 3.84 | +0.82 |
| Martin ratioReturn relative to average drawdown | 13.83 | 11.71 | +2.13 |
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Drawdowns
XUEM.DE vs. JMBA.DE - Drawdown Comparison
The maximum XUEM.DE drawdown since its inception was -26.81%, roughly equal to the maximum JMBA.DE drawdown of -26.66%. Use the drawdown chart below to compare losses from any high point for XUEM.DE and JMBA.DE.
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Drawdown Indicators
| XUEM.DE | JMBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.81% | -26.66% | -0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -3.14% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -12.45% | -0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -17.53% | -14.09% | -3.44% |
Current DrawdownCurrent decline from peak | -1.13% | -1.40% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -10.03% | -11.27% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.03% | -0.12% |
Volatility
XUEM.DE vs. JMBA.DE - Volatility Comparison
The current volatility for Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) is 1.44%, while JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) has a volatility of 1.53%. This indicates that XUEM.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
| XUEM.DE | JMBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.53% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.86% | 4.11% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.09% | 6.05% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.72% | 8.43% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.74% | 10.70% | +1.04% |
XUEM.DE vs. JMBA.DE - Expense Ratio Comparison
XUEM.DE has a 0.25% expense ratio, which is lower than JMBA.DE's 0.39% expense ratio.
Dividends
XUEM.DE vs. JMBA.DE - Dividend Comparison
XUEM.DE's dividend yield for the trailing twelve months is around 5.12%, while JMBA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 5.12% | 5.56% | 6.56% | 5.40% | 5.95% | 8.12% | 4.58% | 0.61% |
Frequently Asked Questions
XUEM.DE and JMBA.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEM.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for JMBA.DE.
XUEM.DE tracks JPM EMBI Global Diversified TR USD, 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: 0.25% for XUEM.DE and 0.39% for JMBA.DE.
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