XUEM.DE vs. JPBM.DE
XUEM.DE (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) and JPBM.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist)) are both Emerging Markets Bonds funds tracking the JPM EMBI Global Diversified TR USD, from Xtrackers and JPMorgan respectively. Both are passively managed. Over the past 5 years, XUEM.DE returned 2.28%/yr vs 1.97%/yr for JPBM.DE. Their correlation of 0.92 suggests significant overlap in exposure. XUEM.DE charges 0.25%/yr vs 0.39%/yr for JPBM.DE.
Performance
XUEM.DE vs. JPBM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEM.DE achieves a 3.29% return, which is significantly higher than JPBM.DE's 2.71% return.
XUEM.DE
- 1D
- -0.07%
- 1M
- 1.53%
- YTD
- 3.29%
- 6M
- 3.01%
- 1Y
- 9.59%
- 3Y*
- 6.62%
- 5Y*
- 2.28%
- 10Y*
- —
JPBM.DE
- 1D
- 0.15%
- 1M
- 1.65%
- YTD
- 2.71%
- 6M
- 1.99%
- 1Y
- 8.34%
- 3Y*
- 4.41%
- 5Y*
- 1.97%
- 10Y*
- —
XUEM.DE vs. JPBM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 3.29% | 0.43% | 11.58% | 6.72% | -14.47% | 4.14% | -6.64% | 17.85% | 4.17% |
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% | 2.60% |
Correlation
The correlation between XUEM.DE and JPBM.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 17, 2018 | 0.92 |
The correlation between XUEM.DE and JPBM.DE has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
XUEM.DE vs. JPBM.DE — Risk / Return Rank
XUEM.DE
JPBM.DE
XUEM.DE vs. JPBM.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 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.
| XUEM.DE | JPBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.26 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 2.66 | +0.85 |
| Martin ratioReturn relative to average drawdown | 10.09 | 7.31 | +2.78 |
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
| XUEM.DE | JPBM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.43 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.23 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.30 | -0.03 |
Drawdowns
XUEM.DE vs. JPBM.DE - Drawdown Comparison
The maximum XUEM.DE drawdown since its inception was -26.83%, roughly equal to the maximum JPBM.DE drawdown of -25.97%. Use the drawdown chart below to compare losses from any high point for XUEM.DE and JPBM.DE.
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Drawdown Indicators
| XUEM.DE | JPBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.83% | -25.97% | -0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -3.12% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -13.45% | -12.56% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -17.85% | -14.31% | -3.54% |
Current DrawdownCurrent decline from peak | -2.82% | -2.60% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -10.35% | -8.34% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.14% | -0.19% |
Volatility
XUEM.DE vs. JPBM.DE - Volatility Comparison
The current volatility for Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) is 1.06%, while JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - USD (Dist) (JPBM.DE) has a volatility of 1.12%. This indicates that XUEM.DE experiences smaller price fluctuations and is considered to be less risky 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
| XUEM.DE | JPBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.12% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 3.98% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 5.81% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.74% | 8.51% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 9.71% | +0.73% |
XUEM.DE vs. JPBM.DE - Expense Ratio Comparison
XUEM.DE has a 0.25% expense ratio, which is lower than JPBM.DE's 0.39% expense ratio.
Dividends
XUEM.DE vs. JPBM.DE - Dividend Comparison
XUEM.DE's dividend yield for the trailing twelve months is around 4.46%, less than JPBM.DE's 5.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 4.46% | 4.97% | 6.06% | 5.00% | 5.62% | 6.82% | 4.07% | 0.54% | 0.00% |
Frequently Asked Questions
XUEM.DE and JPBM.DE have a correlation of 0.90, 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 JPBM.DE.
Both ETFs track JPM EMBI Global Diversified TR USD. They also come from different issuers: Xtrackers and JPMorgan. Their fees differ too: 0.25% for XUEM.DE and 0.39% for JPBM.DE.
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