JPMorgan Diversified Return Emerging Markets… (JPEM) Performance
JPEM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +6.7% since Dec 31, 2025
- 1 year
- +10.4% total return
- 5 years
- +6.5% a year
- 10 years
- +6.6% a year
- Since first price
- +5.5% a year since 2015
JPEM trailing returns vs SPY, QQQ, AGG
| Period | JPEM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.5% | −2.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.3% | −0.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.4% | −2.8% | +7.8% | +8.4% | −1.5% |
| YTD | +6.7% | +3.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.4% | +5.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +52.0%+15.0%/yr | +32.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +36.9%+6.5%/yr | +8.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +89.0%+6.6%/yr | +27.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionJan 9, 2015 | +88.3%+5.5%/yr | +23.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: JPEM vs SPY
From Jan 9, 2015: JPEM grew to $18,829, SPY to $45,157.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JPEM returns by calendar year
7 of 10 full years positive. Best 2017 (+28.8%), worst 2018 (−10.5%). 2026 is year to date.
JPEM annual returns table
| Year | JPEM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +6.7% | −10.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +22.9% | −10.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +4.2% | −8.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.0% | −8.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −9.0% | −21.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +8.1% | −8.1% | +28.7% | +27.4% | −1.8% |
| 2020 | −0.5% | −37.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +16.2% | −9.4% | +31.2% | +39.0% | +8.5% |
| 2018 | −10.5% | −21.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +28.8% | −4.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +15.0% | −9.1% | +12.0% | +7.1% | +2.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
JPEM largest drawdowns
Now 5.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 26, 2018 | −40.2% | Mar 23, 2020 | Apr 28, 2021 | 2.2 years | 3.3 years |
| Apr 28, 2015 | −34.1% | Jan 20, 2016 | Jul 14, 2017 | 9 months | 2.2 years |
| Feb 16, 2022 | −21.6% | Sep 30, 2022 | Feb 22, 2024 | 7 months | 2.0 years |
| Oct 7, 2024 | −14.3% | Apr 8, 2025 | Jun 10, 2025 | 6 months | 8 months |
| Feb 25, 2026 | −10.3% | Mar 20, 2026 | Aug 21, 2026 | 23 days | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
JPEM risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2015 |
|---|---|---|---|---|
| Annualized return | +13.1% | +6.8% | +6.7% | +5.6% |
| Volatility (annualized) | 10.3% | 11.9% | 14.4% | 15.0% |
| Sharpe ratio | 0.83 | 0.31 | 0.37 | 0.31 |
| Sortino ratio | 1.30 | 0.47 | 0.53 | 0.46 |
| Best month | +6.7% | +10.9% | +11.4% | +13.1% |
| Worst month | −6.5% | −7.2% | −20.4% | −20.4% |
| Best 12 months | +36.0% | +36.0% | +47.0% | +47.0% |
| Worst 12 months | +1.4% | −18.2% | −23.9% | −24.2% |
| Positive months | 64% | 55% | 58% | 56% |
| Beta vs S&P 500 | 0.41 | 0.47 | 0.64 | — |
| Correlation with S&P 500 | 0.50 | 0.62 | 0.68 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
JPEM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 130 | −24.2% | +8.5% | +47.0% | 68% |
| 3-year (a year) | 106 | −5.3% | +5.4% | +15.4% | 89% |
| 5-year (a year) | 82 | −2.7% | +4.9% | +10.6% | 91% |
| 10-year (a year) | 22 | +3.2% | +6.9% | +9.4% | 100% |
Every holding period starting at a month-end since 2015. Returns for 3 years and longer are annualized.
JPEM performance overview
JPMorgan Diversified Return Emerging Markets… (JPEM) returned +10.4% over the past year and +6.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2015 it has returned +5.5% a year, turning $10,000 into about $18,829. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −40.2%, from Jan 26, 2018 to Mar 23, 2020, and it took 1.1 years to get back to the old high. JPEM finished 7 of its 10 full calendar years with a gain; the best year was 2017 (+28.8%) and the worst 2018 (−10.5%). Volatility has been 15.0% a year.
Related: JPEM chart, JPEM holdings, JPEM dividends. See the JPEM overview for the latest quote and fund facts.
JPEM performance FAQ
What is the JPEM return over the past year?
JPEM returned +10.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.5%.
What is the average annual return of JPEM?
JPEM has returned +6.5% a year over 5 years, +6.6% a year over 10 years, +5.5% a year since January 9, 2015 (total return, distributions reinvested).
How much would $10,000 invested in JPEM be worth?
$10,000 invested in JPEM at its first recorded close on January 9, 2015 would be worth about $18,829 on October 23, 2026 with distributions reinvested.
What was the worst year for JPEM?
The worst calendar year was 2018, with a total return of −10.5%. The best was 2017 at +28.8%.
What is the biggest drawdown of JPEM?
The largest peak-to-trough decline was −40.2% between January 26, 2018 and March 23, 2020. It recovered to the old high on April 28, 2021, 1.1 years after the bottom.
How volatile is JPEM?
Over the past 3 years JPEM had an annualized volatility of 10.3% and a Sharpe ratio of 0.83 (excess return over 1–3 month T-bills per unit of risk).